New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-06
psh Orleans 9aig Crescent.
FINANCIAL and comMEneIaL DEPARTMENT.
Nem 0rllans NIolrsu Marhst.

ThursdGY Evening, April S. is60
The tenor of the Money market was unchanged
to-day The LIST and 4th of April passed of, as ex-
pected, without any trouble. In fact, no trouble
was expected where transactions were confined
within reasonable bounds. Though there were
some deIinquencies following, it is not known as
yet whether they were Of sufficient notice to COM
Inand attention.
The calls on the banks discounting to-day were
toleraby large, resulting in about twothirds Of the
amount applied for being granted, which was fully
as much as could be reasonably anticipated. Take
the general money market out and out to-day,
there were evidences Of a ruling in favor Of Dor
rowers; yet we cannot expect anything Of cheap
money market, that Is, the general rates viii rule
at 9010 Get. for frs.class and good commercial
long-dated paper, and at these figures we conf
IDENTIFY look for free supply Of the needful. Capt.
talists and owners Of money in distant places will
do well by sending their surplus hther for invest
ment. There cannot be any stronger paper than
the yearly drafts of planters, accepted by city
factors. Peradventure, an earthquake might come
and cause great shake, but It would be difficult
to find anything more than good swamp mud for It
to move on and as there il mot the least remote
prospect Of an overflow from the Mississippi river,
we can come at once to the conclusion that the
strength of factors acceptances, based ON either
cotton, sugar or tobacco, is beyond doubt. True,
some aspiring and ambitious young houses may, in
the great for business use red ink too freely
yet, the paper with planters name, as drawer,
ought to be, nine times in ten, considered as safe
and sound and it is reasonable to suppose that the
majority of factors would not accept piece Of
paper If they harbored doubts of the responsibility
of the drawers. True, there Is often desire on
the part of many commission merchants to accept
freely for Interior returns and gains; that is, the
disposition to buy business is free and gaining
strength or encouragement each revolving MONTH
The payments into bank yesterday were all anti
cipated, that is, good share of them was used.
We observe on the streets two wellknown capt.
talists, who are now making as it were, their first
appearance for this season on the stage or the
grand Boulevard Canal. OF course, the large in
comes of these parties will be on the market dur
ing this month and the next for Investment or pos
| sibly we may say for re-investment. We conf
IDENTIFY believe that the supply Of money at present
rates of interest will continue free. As for cheap
money this season, that u.s. COS get. rates, it is
useless to talk about them. If our banks held as
much coin to-day as they did last year, we might
expect an abundance Of the dross; but as the
banks haven't got it, we can only say that we can
not furnish the great West with anything beyond
the actual daily wants of the many banks and
bankers
/ The Exchange market was dull and spiritless
outside. At some Of the banks there was very
free demand for checks on New York, which was
responded to freely at an i@4 premium. Outside
double Al sight ruled at par, and good to fair at
at dis. Sixty days sight at from lt@l@ and Il
dis. There were two round sums Of sixty days
sight, choice, (amounting to s50,00O) taken at II
dis. In Foreign there was not much doing. Doc
ument Bills ranged from l07@107l to l07a and a
fraction for some very nice signatures. Clear Bills
at from l07E, 1851 @l0s4 and 1883. Remittance de-
mand very light. There was no change in francs,
We quote at from 5.264@5.2O and 5.2o@5.l5. The
banks to-day appeared to have large balances, YET
there was no desire evnced to sell over the counter
better to RENTERS and buyers than a@l prem.
In Stocks day we learn Of the sale Of 40 shares
Leyee Steam Cotton Press at the tall price of 1853
1t is moving up on the gas order, and perhaps run
ming race Who knows? The old fogy pres
makes a good show, good for u get. v annum
and does not carry high head of steam even at Il
vet. There were also sold 81 shares Canal Banl
on PIT, presumed to be somewhere within l34.
Earnings of the Jackson Railroad for the months o
February, 1858, 1859 and 1850: