New Orleans daily crescent., 1860-11-10
Ne6 0tleans 1ailp Crsstelrt.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Ns@ 0rlsans alnneu alarhst.
csEscEsz oz,Icn. No. 70 Camp ..re

We will anticipate our usual weekly summary.
The general money market ID closing SO much more
satisfactory than many parties expected that many
people are taken, as il were, by surprise at the
ouetuess and calmness which prevails, considering
that secession from the confederacy on the part Of
some States is solemn fact. This confirms the
confidence and faith in the almost boundless re-
sources of the Southern States. Let secession by
one State two States or more, progress, come to
eliminating point; it will scarcely be experienced.
The King is supreme at this time, and likely to
continue in fact, cotton rules the universe. True,
capitalists or owners Of money do not feel disposed
to lend invest loan freely just at this moment,
/ and for very good reason They have very
limited balances on hand, which are the real causes
The banks are discounting freely to those who are
actually in want they distribute nearly all that is
paid in from day to day; il it Is not done through
regular discounts, it is done in the way Of ex-
change which it is hardly necessary to say aids in
moving produce, and is Of corresponding benefit to
the great interests of commerce. Under the pre-.
sent attitude of the times, so called, we omit our
weekly table Of quotations, and dismiss further
general remarks, with something Of addenda |
that some few small sums of paper can be placed |
at I201l5 Net. for short date. The tonsoral gen
tlemen are doing nothing extraordinary; they are |
glad to manipulate at the rate of 2G3 and 81 13ct.
per month for short dated paper, which may be
considered reasonable for the nonce In mortgage
securities there is nothing DOING from the fact that
there are very few offering. As for new CONNER
ciaI paper factors acceptances, there is none
! issued at this moment. 1t is hardly time for the
annualissue and in allprobablity the usual grant
ing of facilities and advances on crops to grow will
be greatly curtailed this season. If such should be
the case with the present prospects of good prices
for cotton and relative prices for sugar, we may
Z expect in April and May bountifnl supply Of
Z money for all local purposes and requirements
\ nor shall we be drawing on Imagination when we
: saw capitalists and owners of money will find it
E difficult to place their funds the coming spring,
even if secession does follow the present Presiden-
Il tial election We never entertained a more abd-
7s ing faith or stronger confidence in the financial
h abilities and moneyed institutions Of the great
z Southwest than at this very moment Though
e secession will play the mischief, as it were, with
q New York the South will be triumphant II can
a5 not be entertained that hundred and fifty mil
IS lions of dollars value worth of cotton, over
* twenty millions of dollars worth of sugar, are to
25 pass as nought at this crisis in politics. We do not
entertain the idea of financial crisis if the great
25 South is true to ITSELF
25 The Exchange market presented in some re-
Is spects to-day rmer appearance, particularly in
5o some grades of domestic funds in foreign, supplies
20 were freely offered from some parties. The coun-
ter rate for checks variable in fact, there was
y no uniform or steady rate; though two three
Is banks did pretend to hold at a discount over the
counter, "big licks" were to be had in abundance
at l 3gct. dis. Double Al sight outside ranged
from lo7l4 to III discount; other good sight at 10
II dis. AS for sixty days sight, it might well be
0 omitted. as there are no defined rates. unless a
3 range of from 2503 and 34@31 S9et. discount car
s he called deGnement or definition. In sterling
there were large transactions at from l0ia@l053
. embracing every variety of grade and names
~ clear and document bills. Remittance rates rang
@ ed from 1G6@l06, but there is very little desires
10 for remittance more than to settle balances TO
% coffee importations, with now and then sma
g amount for interest purposes on bonds held
y Europe. We quote bills Of lading from lOA4@l05
IS and fraction; clear bills from lo54@lo6. Franc
act dull with sales of tptop on Paris direct at 1856
ad- 80 and $3.50 On outports we have to quote fro
ing, 53sl615.s0. Some Of the would-be drawers
b francs are the strength of their letters of cred
'P'' ordering coin from New York. In addition to tn
600 in coin ordered by the Citizens and Stat
Banks we learn million of dollars were to
60 forwarded to-day. We shall have strong front
G % start on the coming week. The gold must CONT
Is whether Wall street winces or not.
shares Bank of Louisiana within the range of ICE
8 60 shares Gas Light Company and 20 shares of IL
~ same (say so shares) at ITO cash. In Bonds "
90 have uot heard of any sales and in other misce
laneous stocks we are not aware OF transaction
tt is hardly necessary to give quotations du
.AED and inanmate market now prevails. 1t is we
49, enough to observe that there is panic nor aar
by among holders of bank shares. They appear vii
1850 ing to swim or sink with institutions,
W as with secession.
There have been very limited offerings of uncu
rent money thisweek, The banks of South Car
So lima. Georgia and Alabama do not appear to ha
"a expanded as in previous years; they have me
. M undoubtedly been preparing for the storm. It
reported they will order their balances from t
!" North in coin. 1t will be observed that there
8 W many changes in our weekly table of quotation
10 90 This not brought about by the unsettled state
90 politics. (hough politics have more or less effet
o \" but from the decline in general exchange; all
70 GO scriptions of which, and all balances, are at
% time in favor of New Orleans. The brokers a
fse1 On doubt nor Of
90 confidence being expressed in regard to southe
. so banks even under the excitement or disruption
/, y the confederacy Coin begins to flow into
Southern States, and when five millions of dolli
are called for from New York for the great Sou
s 90 what bowling there will be in Wall street.
The receipts of Mexican dollars this week ha
'O been light. The regular steamers from Vera Cl
eo and Brazos will be due early the coming week.
addition to our local quotations, we append
IL CO last returns and quotations of the London Bull
40 market.
There is only retail trade going on in Amerit
silver within the range of our quotations. La
~ warrants are inactive, withoutany change in prie
Bill Of We append usual weekly quotations of c
heavy and uncurrent bank notes, being those of Je
..-noa Wood & Co., Camp street:
the American Halt DOLLARS Old fsc' pt
carried Anne lean Quarter Dollars. old conage,.-1 2s
American Silver coinage tadl
in the Mexican Dollars tast s0les1..- O58 9iUl
orion- Spanish flllar Dolars'. orE
Five Franc pieceS.t
Soveregns.. soQ4
f CAliotnis Coins
Twenty Franc Pieces S2td
Ten Guder Pieces, . .Uia4
RIVER houbloons. PIP ou9gi
California nst. oE S -(4l
United States Treasury Notes. none oler
uNcURRENT NOTES.
Missouri. Qgo fscl
N Indiana State Bank .t....'.'sa 81