New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-14
ae6 Orlsans lailp 0rssttnt.
FINANCIAL AND COMMERCIAL DEesRYnk. g
Ds@ 0rItans IloIlsu Hlarhst,
csEsc.s1 orEIes. No. 70 Camp Il.

Aord*y kysslBs, Feb i, lSso. /
| The week commences with The most favorable
| weather for business. The receipts Of produces
continue large, and there Is a good inquiry fol
money to aid in moving these large aceessions Il
| stocks. There was very little doing, however
through note-brokerss they nos having got exactly
| in working trim. There was good deal Of pre-
lminary negotiation going on, which may result il
contracts for twelve months dated paper at thu
rate Of 9@l0 Get, with some double Al at 81
The two Insurance Compensation and Sun
commenced making very handsome distributions in
the way of paying off certificates Of scrip to the
extent OF $500 600. But whether the greater part
of this sum goes back to the original grantees, OF
into the hands of those who have been buying and
deal largely in scrip, we cannot say.
The Exchange market opened with frmncss TO-
day, particularly as regards sight funds on New
York. The counter rate for checks on New York
ruled at 18th discount. Outside there were sales
at / discount, ranging, however, from !0i dis.
General firmness marked the course of the market
to-day. In short sight there we're sales at Aas ds.
for three to ten days sight, sixty days sight rather
quiet; we quote from Ii, Ii to 2012I dis, with
some parties holding at II dis. In foreign, there
were sales 81 clear sterling at I07sO I0TA to some
extent; then there were other sales at 1850 10St,
brt n mnst IL eo,na.,;,,, ~ : co.,av u,
command ove, ina tro,,,t ,oa,ors Il,
There vera transactions ~ Jo7sfsIa4x sav -,
IRENE rates at from Io7 Ia lo7t There yyaa ale
for few bales Of cotton at lt,s bnt the I'M ,so,,,d
have been taken Az weI yv;tI,ont tfe ii
with them. There are many eopt;npenc;es attend.
ing document billy. which yery ef,en faver ts,e
seller or drawer. and possibly there are many mr.
chases of cotton made under orders. n which the
BUYERS prefer the documents Ia attach Il, inc ;ia
We did not learn of any movements in francs: the
market was quiet We refer to our last quotations
There were no sales OF stocks to our knowledge
to-day. In bonds we did not learn Of any offer
There is more or less feeling eyinced in moneyed
and commercial circles regarding the amendments
to the general banking law of 1858. The question
is now, or will be in few days, before the Legis
lature. There will, in all probability, be several
amendments proposed. In all cases, whatever
| changes or notifications may be suggested it is
hoped the one-tird specie basis for circulation will
be retained Let this be one of the cardinal points,
The planters, merchants and citizens in general,
of the rich and productive parish of St. Mary have
for months, been taking preliminary steps for the
organization of Bank, to be located in the -four
ishing town of Franklin. A Bank has also been
agitated in the Ouachita section Of our State
Here are two localities desiring banking privileges
and facilities It ii manifest, however, that the
desires of the applicants are met by restrictions.