New Orleans daily crescent., 1860-11-06
Qs6 0rlsans Duly Grestert.
c-~S~S-1@S~~1s,,--S
FINANCIAL AND COMMERCIAL DEPARTMENT.
~<~o--c~Dl-s~-Scs-~,5-S11S-1
gsn 8rIsaus HIousv 8Earket.
oarsorsr orr1ct No. 70 Camp ssrsst,

Monday Evening SOW s. Is,o. |
The week commences with good weather and
good receipts Of cotton, with something Of sugar
and rnolasses which, with the receipts Of Western
products, gives ms basis to move We had |
basis last week, though it was dornants We have /
SILL stronger one this week.
The offerings in bank to-day for discounts were
heayy-that Is, large, nearly double the income.
The offerings Of exchange were so free that every
applicant had been entered some of the banks
would require deable set Of clerks; in fact, il
was active among the bi-brokers for Monday
They started early m order TO secure some of the
surplus which some of the banks might have over;
in fact, it bruiteS about that some of the bro
kers conld have filed that order, 1--WE thousand
dollars sight on New York which the chief exeeu-.
tive officer Of Of the chartered banks was 80
I very desrous of purchasing on Saturday at lower
rate than yet. dis.
| On the street to-day the transactions were few
ana far between. Scarcely sale of paper war
/ carried through; nevertheless there was no ex-
| citing demand for money, as most parties have
been preparing for some weeks past, and if the
great election to- morrow should be adverse to the
| sonth there will be ample time to move-what we
mean is the election of Black Republican ticket.
Our community commercial and financial, will not
of Mr.. Lincoln by the people. II we do not hear
of some strong movements in some of the States
then moneyed affairs will settle down into quiet
ness. 1t is useless to discuss or argue what may
take place. In the meantime the South can en-
trench behind cotton bales, hogsheads Of sugar
and steamboat loads of Western produce, which
will come here and defy the panic, though ex-
change operations would receive a blow which
would require time to relieve.
The Exchange market to-day opened fiat. The
exchange brokers had their hats well filed with
all kinds of bills in fact, they did their best for
their clients without accomplishing great results !;
they even attacked the old citadel at the north
west corner Of Royal and Cont streets, which had
not dollar over for exchange operations they
took something Of a bee line for the old Ajax,
which, by-the-bye, does not care continental
dollar for exchange, though it takes or buys few
: thousand dollars now and then for the accomrno-
daton of its patrons also to its collection
/ accounts. Some outside operators and dealers
were very ofish in regard to time bills on North
k ern cities they seem to look with something Of
!. horror on Black Republican drawees. For IT mus
be remembered, as much as some of the Black Re
: publicans in New York and Boston detest the
: South, they are very willing to grant authorization
g to New Orleans merchants to draw or make bill
i i on the-therefore we have to remark that Blacl
Republican bills do not pass as current as hereto
: fore. The drawers of these bills can be easl,
: identified.
en- In sight funds to-day on New York the marke
Of was inactive. Double Al sight drafts were take
at dis. The bank rate was from l@15 dis, wit
prospects of its going down to tomorrow. Th
= buying rate at the banks was from 6t@a dis; tina
II Is, at those banks which were buying. Good sxt
or days sight was taken by two of the banks at 2
he f3ct. dis. This sends the market down to 22@
y 4gct dis. with jockey bills to be quoted at from
an 2E6134 dis However, there is q calm in jocke
L, transactions. Large offerings of sight on Mex
il York could not be placed better than 4@5 dis
II In Sterling the transactions raled at from l0Gf20i
which embraces all grades Of clear buying rate
ht The banks were asking l07a. In documents "
did not learn of any transactions, but have
he quote from 1o54@lo6. Francs without chang
- with moderate supply on he market We quo
from 5.33 3615.30 and from 5.2S2t95.25.
~ We append the last statement and return of Il
d, banks in the State of New York. 1t will be o
II T. served that as the banks increase loans and d
counts increase. From the figures below, wh
= are taken from an Albany, N. ", paper, whe
the General Superintendent Of Banks has his offc
- it will be observed that the direct liabilities Of
- banks-say due depositors, bill,holders or crcul
4. lation-amounts to $16s, ,655 900. To meet Il
as demand, cash liabilities, there was only on hal
MS, s2l 100000 in coin. According to the Louisal
system, these 3O6 banks of the great State Of Ne
York should have in vault s56, ,00e 900 in coin,
stead Of s2l 7l9, 600. True, good share of circ
=. lation is secured ostensiby by deposits of Sta
stocks and United States stocks, but neither
er these can be converted into gold silver
n'r gT a crisis:
POSITION OF 306 STATE OF
un. s s5Itgl#. 4ttafe