New Orleans daily crescent., 1860-12-18
Ne6 Orleans 9ailp Crfstent
PINANcTaL ASp C0NItIERcTAL DEPARTMENT..
GLEN 3rItans 3tluntr glarket.
cs.sessT or.Ier, I'd. 10 c.mp &c,

.
The week commences fayorabiy in many re-
spects. Monday is, however, generally quiet
DAY, Jet there was disposition TO move IN more
respects than one. Before the close Of business
later advices from Liverpool were received; they
were construed favorably they were in possession
OF dates from this side to the 4th Of November,
which carried out the most depressing advices
but they were not met with a panic. We think
MI. Bull will forego excitement, and not trouble
himself about our political movements; so long as
Lancashire can obtain good supply Of the staple T
at what may be called living rates. there will not
be much trouble among manufacturers. We can
not however, conceive why panic or press in /
England should follow intestine political affairs on
this side. There will be a heavy balance of ac- |
counts from this side against Europe, ard all |
our trans Atlantic customers have to do is just to
send the gold forward to pay up. II the balance |
gets over to the other side or If we become debtor
to Mr.. Bull, he can take the gold back again.
The movements in and about the banks to-day |
were light. There were some discounts granted to
parties who have not been applying daily for
weeks past that is, they were not hard customers
which. it Ia presumed means that they were not |
old posters calling every discount day 1t ia an
parent that an immense amount of the paper fail.
inp due for the next sixty davs ia held and owned
bv nonresidents that lust as soon as It il maid it
il to be RENTED to New York or elsewhere: that
| our banks have been called on day after day for
discounts tbe nroceeds Of which would have heen
taken opt of the State with railroad mr. 9.Ao sneed
On this point there ia no mistake which wav the
fayors Of our banks would 90. For instance Mr.
Toby Tompkins who is without {oubt a very good
citizen receives from the North some thousands Of
factors or other commercial paper for collection
with instructions to negotiate it, and remit the pro-
ceeds in bank checks. This paper is offered to
cur banks with the condition that the proceeds
will be taken in bank checks on New York; and
| such paper and such tenders ought to be sum
| mariy disposed Of being thrown out Mr.. Toby
Tompkius of course, makes great talk, splutters
away because our banks will not facilitate the
operations of his New York friends. We think it
| was about time for our bank mandators to put q
| check on these hide.and-seek transactions when
the pressure came on sixty days ago. and it is
hoped they will carry out the course adopted. All
the surplus funds of our banks. after discountine
for our local traders. are wanted to assist ex
change transactions and in moving produce-the
rates of exchange being in favor of New Orleans
The Citizens Bank has, we learn, another 100000
ii gold en- roue this week; the Bank of Louisiana
| - - 49, -. -. c =,
SleU.UU0. 1T Is gold dropping from all points IN
small sums.
The general Exchange market was not active to-
day, nor was 1T dull. light counter demand for
si'ssa at lower ss sa, as psss sts
agree Outside double Al sight drafts ruled at II
discount. Inc nanks ootainea all they wanted al
lb@lf discount. Prime sixty days sight was
taken at 4 get discount, ana niue AZ 4. Ster-
tance l0G5t0l01 was paid. Then again dealers
and buyers were obtaining all they wanted at from
953@s6 and 9I, though the extreme range OF the
market ruled from 954 up to 3d. and document bills
at all sorts of figures from 81 down. Francs ethe
very besD we quote at 5.7O-the sales ranging
, from that to 5s5, though there were quotations
s above and below.
Notwithstanding the jackson railroad has re
ceiyed some very hard rebuiis from nature, in the
way of crevasses and storms Of ram, 1t IS moving
along much more 1aVorably thah expected. Ihs
great storm OF the Ist ana "a oil october interrupt
P ed its earnings for two thirds of that month. Til,
. storm Of the 27th of November was nearly as dis
a.4.o,,s ,a,,ortba1ass tho aarnngs 1vare noo,,,
as'ious' ~ hoss NV AHNa9 "eie Aeoi'
k equal to the month OF November, 1909.
EARNINGS the New Orleans Jackson and Great Northern
Raiiroad Tor the month oi november, lsoo; 40 ,oo
+ s;ght " ~ . :. r. 7. - s1 as agi
Mails 526o
= 50. -.
/ sl4e'oSa sI
Earnings LOT v.nqs e Sh'hs p@s OF
! 1853 1850 1860.
Passengers. 22,602 s695 a2ls
Mn FTsight.' fes la l9
g s'''s ',.'''' s-eoe .--e
y so0.s74 sli6o62 sl4a.ss
The transportation of cotton for the months G
: Nv ,r,bar for tbrae vears mast was in bales .
e IVY 'niosA' ~ -. 20 e1'' p's' % = oio'
!. follows
e ls5s, bales e 9s4 @
iS59 'sss sss
,,,.h ,,sa - an bat Nc,
a. ~ IS hoe NUN use w " asee WHY'S WI +" ha' ~
or York money writers say Of New orleans, partet
larly if they are 10 better informed regarding Ne
: Orleans. The following extract from the Ne
Wi, rJa.o,a - tfo 19,, tlat t,,o,+ Ia Az
lorh heraiu VI 'he i1'h sass e4a' t"eh'y ieauil
factors suspended pay menu III New OrIeaDS ON I'll
M M 4th inst. 10 cut long story short, we have on