New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-03
Nsh 0rleaas 4aiIu Grsstsrt.
FINANCIAL AID COMMERCIAL DKPARTnIEs1
Ysn 0rlsans HIoasu Nlarhet.
csEscssr ory,cr. No. 70 Camp ssss.

ShW WtMR|W SEsu1Kg SkAthtt.
css'sE W.i Ss,is. s e es Rsy do
The general money market moved along very
quietly to-day. The calls for discounts at the
banks, though large, did not greatly exceed the
income. The income has been large for the past
four Or Eve days, which has been promptly re1oan-
"A ,r rediseounted so that there is no increase IN
ks STA fnsency. Every one holding or owning
soney il oesi ous Of renvestng fast as their in
,orne co1aes in. There Is no desire to hold for |
higher rates and as the sesson of the year Is at
hand when every one who has been guarded and |
cautious cannot have any great amount Of indebt.
edness to cancel, there cannot be any enhancement
in the rates Of interest," At tie same time, it will
not be safe to be flying kites here and there, and
take the proceeds to disburse in Northern cities or
for amusements. Our bank mandatorz are under
the impression that it Is mot extremely safe TO losn
money on all bfueedged securities. From present |
indications cheap money, shat Is, rates Of last sea-
son, cannot be expected for some months neither
is there any prospect that we are to have real
stringent money market. For legitimate purposes
the market, though sure to rule at high rates, will
not be excessively tight unless we should haye
very unfavorable intelligence from the other aide
Of the water, and with the exception Of dull cot
ton market, we do notlook for any more discourag-
ing advices from England than those believed to be
already on the way. The recent accounts Of losses
on cotton noting of bills and protests for non-pay-
ment, have been expected; they do not come nm
awares therefore, the blow falls with less sever
fly and in some instances falls harmless than
otherwise predicted by standard croakers and end
less agitators.@ Over seventeen hundred and fifty
thousand bales Of the great crop of cotton received
at this point have been sold and payment received
for the same consequently, the disturbing causes,
which have been commented on with 80 much free
dom for three or four weeks, will prove to have
very little basis. In fact, if there should not be
another bale Of cotton sold till next fall, it would
not in our view, be very difficult matter for the
present stock to be carried over. The stock Of
cotton is now 600 bales less than two years ago.
and we passed the summer of that year Qs5s1
under q very easy financial condition. In fact, in
the month of July Of that summer there was sur
plus of unemployed money. The cosmopolites and
transient traders have been so much larger in mum
bers CHS season, that cheap money need not be ex
pected to be of the events Of this summer
There are large number of buildings-say dwell
| ing houses and stores-under engagement to be
erected there are large contracts for paving and
other city improvements, which win be sure TO keep
large amount of money in circulation from day to
| day; and though hard and tight money may be
prated on from day to day, yet as soon az the
birds of passage. the come to-day and 20 tomorrow
folks, 1--WE do not call them citizens,) have antici
pated all their paper, obtained all they want there
will be comparative easy moneyed state of affairs
| though rates Of usance will probably continue al
i they now rule. II the bears, the croakers, and
alarmists can persuade Mr.. Bull and the Nephew
of my Uncle to take tilt then of course our favor
able views and antieipations will receive check
4 The question is asked here, what the causes Of
the present apparent tightnes of our money mar
kets 1t is from earning too little and spending toe
much. We predicted last January that money
would not be cheap, and of course not abundant
this season. We cautioned about imitation and in
curing Indebtedness at the rate then going on
We are not disappointed that many Of our citizens
traders and merchants, are forced to acknowledge
that they are disappointed in the result Of the sea
! sons business; and to curta, or to cut long an
perhaps prolix article short, have to state thu
! there is no stronger or more solid commercial an
! financial community ON the face of the creatio
than this, of our own devoted city of New Orleans
2 Passing over the very triing calls for money tt
= day outside of the banks, we have to quote anothe
? upward move in the general exchange marke
! The general rate at the counters of banks fo
I checks on New York was prem, with two bank
asking for small sums. This indicates that it wi
not be many days before this figure ca will be tn
t current rate. The rate outside was for double A
I prem, and good sight at from t@3-l6-not niue
offering at the banks. Sixty days sight 5@I and
Discount for good, and 2@s discount for choic,
2 and lt6114 to la@Ia get. discount Tigers rul
I from l3@13 Thirty days sight ranging from ia
! and discount. Sterling stiffening, SO look OIL
/ Messrs. Directors of New York banks for some d
, pletion in your vaults. If the old " grandmarm
] in Threadneedle street, the Earrings or the Rotch
2 childs want the gold now reposing quietly wi
you they will have it, irrespective of the rates
! sterling bills. The dealers and buyers to-day we
! paying 1Os2@lO9 and 1904 for clear bills, accordir
z to signatures. The remittance rates were at l0
q l0sa-the latter the bank rate. Document bill
q l084@10ss but not tempting. Francs without al
Z great inquiry. We quote at from 5.ls2@5.l3a I
! to 5.1O@5.05 No large transactions going on.
Is In Bank Shares there was some talk and til
y was about all. sale of 0pelousas Railroad MOI
+ gage Construction Bonds was closed on terms n
: made known. .z z-t -gz@
The Stockholders of the Gas Light Compa
! convened yesterday, and decided to accept Of
IS amendments to the charter Mem. con-, as
= lawyers say, though gas dose'nt care much abe
Latin nor Greek.
The Directors of the st. Charles Hotel Compa
have declared a dividend of 81 SO % share, say
ire the rate of sect. % annum, payable On and of
the 18th inst. Thankful for small fayors at all tin
and dividends to boot. y
CONNER ClAL.
Market Report Of Drake, Kleinwort Cohen.
re, LIVERPOOL, April IS. 1866
Money was again increased demand during the week.
"a advance minimum Of discount 10 Set
adopted yesterday by the Bank Of England Consos have
w slightly they closed to-day In London at
Y or i lower than last Thursday. -
activity its