New Orleans daily crescent., 1860-11-24
0e6 0rleans 9ailp Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Nfb 0rleans HGontg 5tlarhtt.

have stores of cash, and prepared to operate, d
either in paper, stocks or bonds. The country is Y
undergoing crisis, and it must and will run its
course. We take previous reyusions and conyul- !
sions in finance and commerce as precedents for
the present crisis We cannot say panic is in ey
istence, because the great public moves along
quietly and calmly, taking events as they come.
great DEAL in fact, more than half of the appre
hended trouble can be ayerted by each individual
attending to his affairs, and not to be watch
ing the telegraphc wires from hour to hour, or
making the everlasting inquiry Of each other,
" What is the news ~ and more particularly, as
has been the case for seven or eight days past,
g What is the news from NewYork?n Let US look
to ourselves; New York is bad enough off, and has
| just as much as it can do to stand up. Our COM
munity are experiencing the effects Of trusting SO
much to New York if our unrivaled resources had
| been more closely studied and attended to, we
should have been in o much more independent po-
| sition than we now find ourselves.
4 There is no paper market in reality. few
/ small sums Of paper passed now and then, but
at rates which it would be supposed Hnbearabe to
any regular business. Cotton is moving freely in |
4 one way and another, being advanced on by par |
ties who have friends and credit to see them |
through. Well they might have at the present |
prices of cotton in our market. At the same time
there have been sales daily which have not been
made public. Buyers who could meet prompt
calls or pay before time given for delivery, have
obtained good concessions. Nevertheless, there is
really no money market at this moment, though
some of the tonsorial gentlemen are accommodate
ing their clients at 2924 to yet. per month.
1t is hardly necessary to alude to what the
banks are doing. The offerings with them on
8 large scale, and beyond a sort of renewing and
a., III 4
toners, there was very little done to-day.
There was something of an improvement in ster-
ling exchange to-day. Sales were made at 1000
1901 to l0I for some favored signatures. Document
. bills ranged from 95@97 and 9S and fraction
Il higher. There have been good many round
u operations made, and possibly good many more
will follow. In francs the market is extremely in
active. We have only to quote 5.75@5.65 on Paris
! direct. We do not think the supposed Frightening
u advices from New York has improved our market.
NJ In domestic funds there very light transac-
tions. We quote the counter rate for checks on
= NewYork from 614, with some Of the banks being
r. out of the market as drawers. There were sales
n early in the day at prem, and round amounts Of
one day sight at prem. Five days sight at par to
j. prem. AS for time or sixty days commercial
r bills they are nominal if sold at ALL it must be at
from 35Gl4 ana a yet. dis. Some favored sigma
u, lures are worked off at from 2a@3 dis.
II is unnecessary to alude to bank stocks, bonds
= of City, State Or any miscellaneous stocks. They
pg are all in state of superative inanimation In
A. surance scrip is dull that of the leading compa
/. nies commanding about SOC. per dollar
VI The Delaware Mutual Insurance Company, which
- has an agency in this city, has done prosperous
m an business the last year. On making up the annua
statement Of the company the lst of this montt
~ ~, far +hn the prn
ian mums and receipts being s529,592. The Director
oy have declared dividend Of f8ct. the outstand
ing scrip 10 get on the capital stock, and diyi
- dend in scrip Of 25 {3ct. on the earned premium
for the year ending the 51st October, 1860--a yer
sre, fattering exhibit.
9b There has been considerable agitation among th
holders of uneurren money, the issues Of distar
- banks So far as the issues Of the Southern bank
Ing particularly Georgia, South Carolina and Aabam
q it is idle suppose that they will not be redeeme
o. and even the issues of the banks of Kentucky an
Tennessee are coming in as it were, under tt
: category of suspension. But we can hardly con
.ing prehend that there is so much ignorance (afoa
i"'e we will call it) as to doubt the soundness of th
,. banks above named. But we cannot say we haR
3 much confidence in the banks of Illinois, never ha
. and at this moment particularly. AT Chicago, u
ing great focus of wheat receipts the controlling
|
o. Iowa. the rates of sight exchange on New York
lean last dates were get prem and the broke
AID and bankers in Chicago were buying the issues
g. the banks of their own State at ten per cent III
" IT count. and indifferent about taking them at th
7f depreciation The great West is getting, financial
ary in very tight place. The immense crops do NJ
appear to have given any relief Money, even GU
e. rency is in great demand in all the principal cti
G Pc throughout the great Northwest. The writers
:. commercial and political economy do not eompr
W. hend that corn and wheat can be raised in al
dnr quantities south of thirtysx degrees that colt
ged cannot be cultivated north of that limit The eri
W. now approaching will have telling effect on
mefi: the Western States.
now The St Iyouis banks are believed to be in a sou
condition but they have such an abominabe M
~ ture of currency, OF the representation Of mont
that it is difficult arrive at any precision rega
bal ing the solyency thereof. The money market
10. st. Louis appears to be in q more stringent po
oS ton than either Louisville Cincinnati 1t is u
- less however to conceal the fact confidence is
and coming impaired all over the North and West a
~, that real crisis in finance as well in politics
80. impending, if the germs are not already dissel
,etee natng we are mistaken in the signs of the tim
The receipts of coin this week were cut short
49, the action of the exchange market towards
close of last week. The receipts of Mexican silly
ang have been sl65 900. Eagle dollars have been tax
c DIS at lo4@1045 The movements in American SLY
Get. coin have been light, merely counter tra'
Nothing doing in land warrants.
- There has been decline in foreign gold, a
AND distant bank notes of all grades are feeling the
ara, lss, feets of the portending events.
" i We append our usual weekly quotations of g
Get and uncurrent bank notes, being those of Jo
= Wood & Co., Camp street:
- American Half Dollars, old coinage. Tlct pr
Anne lean Quarter Dollars, old coinage. II tnl1a pr
American SILVER, new coinage 5sal
Mexican dollars CAST sales iM9lQ5
-ihe Spanish tilnf Dollars SOY N'
aAtef, tIiyp Franc g5i
quick Soyerepns .,,,,...............,,. T50U
California COINS.
oeL Twenty trlnc Pieces 80
ckets. r. r. Tt9aiar Piscss " - . I 7hli
iaster, A1r;aaS I,,,,Ifon,s Si5 aJkIsI
patch. snnntsp Dnniino,s = = " ..,......S --fnl
California lluSt. -etl
~ United States Treasury Notes. Rome oier
ckets. USCURREST BANK NOTES
hdy- Ni.sourf =. =. .....,, last sales 10 "a T7G
patch. udiana Sfain "a
eel.- Other Banks, Ohio and lndianat la L
.+,..+
Wrst Feliciana Itaflroad company, tedeemable
Bank OF New Orlea 81. 5