New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-17
Neb Orleans 1aiIp GrsstsId.
FINANCIAL AND COMMERCIAL DEPARTMENT.
9tu Orleans Nl0nsu Markst.
cazsozsr osrley. "; 70 Camp s e .s,.o

cRzscEsr orrrey, NJ. 70 Camp street.
Friday Evening. March l6, 1850 s
There was nothing to boast of az having trans
pired to-day either in bank shares bonds or other
securities. The day commenced, or the business
part thereof did, with rain falling only moderately,
but sufficient to dampen the ardor Of nervous ope-
rators. The general Market 50 far as influenced
by cotton, had to contend against the depressing
adyices brought by the Creassian, being up to the
Sd inst. from Liverpool. These accounts denote q
moderate decline in the price Of the staple In Lv
erpooi. But as they Of the militia character 1t
Is best to await the advices now due by the Asia.
In the meantime, it Is requisite to give intelligence
Of our financial market. We found to-day in the
course of our peregrinations that the banks were
no stronger than they should be that taking the
general position Of the banks, and comparing It
with last year at this time there s vast difference
in their daily movement and resources and greatly
against the present season. The negotiations Of
paper ON the street to-day were few and forlorn.
There were some sales of long-dated factors
securities at the rate of Get, and though there
may be only small sums due by parties in New
York and other places, yet there is constant and
daily inquiry for transmitting factors drafts 1.-THE
best of security into real tangible currency. The
discounts and movements for the week indicate
that gradually hardening in rates has followed
| movements day after day. The banks have no
great surplus over, and the mandators obliged
to shape their course accordingly. There has been
some falling off in the specie reserves which may
or may not be made up tomorrow yet, the banks
will all be in line, and from their movements it is
conjectured they will keep so.
We can quote the general paper market at
something about the prices below:
AZ eight, ten fifteen months paper. Q5i0 Bet,
Mortgage paper very highest grades,
Second class mortgage and securities 10 81 et
4 able out Of the crops to be grown this
season, ranges from. ....8s si2 tgel.
The tonsorial operations have been free, that is,
the betweenity transactions range from I4t0la and
Get per month. The tonsors say they have as
much to do as desired at these figures, as they dc
not regard bank parlor paper only at their rates.
i The Exchange market opened quietly, moved
along torpidly, and closed rather sluggishly. The
counter rate at the banks for checks on New Yorl
was uniform at prem. Outside there were sale.
at parlI6th prem, and three sums of sight draft
were sold under $50 900 at a 18th discount
sixty days sight at lt@l and dis. for choice AMI
prime bills, and 1a@ls and Il discount for goot
and fair. Sterling was firmer, though large deal
ers could not pay higher rates than yesterday, saJ
107z@l0st and 1854, with something very nice a
1889. For remittance there were sales at 1885
We quote remittance figures at losa@10s2, and
bank rates at 100, less an It'll, according to wht
the buyer may be and amount required. Document
Bills without change, but plenty, the same as will
! some Clear Bills. We quote lo7s@lO7a up to los
Francs $3.50. We note sales at from .1s2 Il
5.16l@515. Supply very moderate, as there ar
very few folks DESTROYS Of having their funds within
the Empire Of the Nephew Of my Uncle just at thi
moment
The following figures denote the rate of exchang
at this time last year, March l6, 1859:
- n.