New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-06-07
Hsb 0rlsaas 1aiIg Grtstsnt.
FINANCIAL AND COMMERCIAL DEPARTMENT
gsn @rlssns Hlonsu Narhst.

IAN II reef y
g Wednesday Evening, June 8, Isso,S
Matters financial and commercial. moved along
very quietly. It cannot be disguised that there are
large sums of paper on the streets for negotiation
in fact, most every prominent note-broker has his
hat tolerabfy well filed; though, by-the-bye, the
hats this season are rather low IN the crown and
VIII not answer for counting houses. But there is
good deal Of paper on the market-some Of high
grade, good deal Of medium, and something Of a
sprinkling Of second and fair Among the nego-
hatlons we note the taking Of sI0o0O0 good and
nrstclass paper, maturing in November and De-
cember, at the rate of 81 Get There Is policy in
obtaining this kind Of paper, maturing previous to
the lst January. In long dated, say Io0I2 months.
there are some negotiations at the rate of set
but take the market all round there is very little
desire on the part Of buyers Of paper and capital
lists to take large Sums maturing beyond the LIST of
March next, unless at rate of lo2 get above six
months paper. Our banks can within forty.eipbt
hours have tenders at the rate Of Oct for every
dollar they have to loan. There is more money
daily carried ont Of our city than many people con-
nected with commercial pursuits know Of. The
calls for discounts to-day at the banks that s the
prominent ones, were so get. above the income.
1t cannot be disguised that the payments for the
next sixty days the season of the year.
The only let-down in produce is in tobacco. 1t is
intended by parties to hold over rather than sub
init in general to the present low prices for this
staple.
The Exchange market was quiet to-day. Some
few transactions were in course of treaty. The
general counter rate at the banks for checks on
New York was steady and uniform at premium.
There Is some tobacco exchange to come on the
market; that is, the purchases of the weed this
week have to be provided for; they may amount
to quarter Of million Of dollars or more posi-
bly, reach half million before the week closes.
Double AL sight drafts on New York were in good
request OF prem. 1t appears that some Of our
large and prominent exchange dealers intend to
keep open house all summer; that is, they will be
on the market so long as there is a hundred bales
of cotton for sale, fatboat load Of tobacco to be
disposed Of, cargo of slaves for shipment; and
they will be prepared to buy and sell exchange as
usnal-all right this though they may be termed
old fogies for doing business all through the sum
mer. We are drifting away from figures. There
were some purchases Of sight to-day by the banks
| at ] 52ct premium for NewYork funds OF course
they cannot sell at the same figure. In sixty day.
| sight there were few transactions at sN3 dis
but they were limited in amount. Very choie
sixty days is held at dis, but there are other bill
flying about which cannot be placed better than
@l and Al fact dis.
In Foreign Exchange the movements were light
The large buyers Of sterling were under liberia
offerings, and taking at l0s@109{ and 1O9a. Re
mittance rates ruled at from lO92@ll0 and over
RanE drofta ot from 11nlEaIInl -,