New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-18
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Vttp Orlsans 1aIlp Grssttni.
FINANCIAL AND COMMERCIAL DEPARTugFT
Nslu 0rlsans Mloaeu IIarstt.

4
| 9tp 9rltans Mantr IIarEtt.
| ea1scHTr orrIcz. VI. 10 csHrp s,rsss. i
| Tassday Rysndnss Jas,s. Ii. lie.
| The money market has atldsning tendency
The calls on The banks for Discount continue large
| much beyond the income. ON tie street there
not that abundance Of paper Offering which "
have known heretofore; yet the rates are hight
that j., well np- The negotiations to-day conpris
AZ factors paper ut a0aa get, good ct Id, On.
good TO FAIR at IgaI2 get. and The liz get will b
paid q promptly Is the other classes. The sale
Or negotiations arc rather large that ii, fafrde
noting that there Il q want Of The nsedfal some
where. We do not observe any accumulation 81
capital Or money. AZ fast az hundred thousand
dollars II paid In at one desk II ii called for at an
other something like taking ont Of one pocket
and putting in the other. Last year at this time
that is, on the 18th January We wrote al follows
as the true position Of tie money market:
Ih 49, sslls s e ,, e. .aas z s ss esats
pIsce pssg nIass mi Nv + n
rate Pei. We All IL ose year esiprisinx
sssshs 4 III sss
essT. at ite rsse q q PET md brokerage.
Il may well be propounded, what causes msney
to be 30 much dearer this season than last GEAR
There was large crop of cotton sold and raid for
II 1858 and Is59-a good product Of sugar and mo
iasses. We have tts season been highly favored
with good yield Of cotton large receipts over last
year; though selling At Less price than iast year
the increase more than makes UP far any deficiency
~ price. The sugar yield Ii less but majority of
Wy Of the cane agn nat IL ssreasi1n u ant
aha y = Father eariy for tnose who will wan ii
borrow % aupear on ahe market. The question,
men arises, from nAenes, Oil how, 0r what il tie
eause Ct the gresk desire to obtain bank aesonsmo
daaons n the cay Of diseounts Why akoatd money
to-day be wortia 2sg3ss act. more 81 Viii div III
January 1858 Does echo answer, IL must We
refer g some prominent capitalist, ami receive for
!, reply, Qusst sdbe y
The exchange market II neither one thing nor
another. Drawers Of sight on New frk appear
70 dictate their own terms. selling at tai ds, with
the banks selling at PARCEL dis, and dotble al at
dis. Three days sight was sold at / dis. and are
days sight at 9l6 There Ii more or less variation
il short sight In time bills that II, sitty days
sight-there we're sales at lS@Iz for first class.
and ?, 2a@2i dis. for good. Some Of Tho banks
had ~ much satisfactory (which, Of course. means
good) offered IS they desired. The general market
ruled from IL, II, 2. 24B2s Get. dis The ntes Of
sterling ruled low. There were buyers prepared
to 80 almost any length at their own figures. The
result Of the days movements was sales Of clear
bills of good make at 1914 to l071 and some at
1918 over that figure, it was surmised, was pur-
chased for Havana. Tn bills of lading there were
sales Of some 100 bales in lots, at 107, and other
transactions at 1868 @l0sl for good bills. Though
the market was not 50 heavy to-day as yesterday,
and the dropping tendencies checked, nevertheless
buyers and dealers had the call. In Francs there
was nothing done. They were dull, and, some
thing like the weather, dark and cloudy. We
place rates between 5.36f .25-a broad range,
but it will cover all movements.
III stocks we note the sales Of ifty-two shares
Bank Of New Orleans on r. r, ten shares Bank Of
America at 1919, thirty-four shares jackson Rail
read at III forty shares 0peousas Railroad ct Gil,
and thrty-three shares Gas Light Company on
5P.T.
The Empire City, from New York, brings sl50, aa0
in coin to the Louisiana State Bank $780, 900 to thu
Bank OF New Orleans some gold from Havana ind
small amount of the same stuff from California,
This is about all the gold we shall receive Tor the
present. We did not receive any gold from New |
York last year after this time.
The following fgnres denote the rate Of exchange
on the 17th January, 1852 last year:
Counter at The banks New York. Ids /
Sight drafts outside ia Il 6s
Sixty days sight ss59I HI
Sterling clear bills. III lSsig
erlng document bills 05ts
Francs 5.sp6a5 IA
The following is the statement Of duties on i'm
portations foreign merchandise collected through
the Custom-House, New Orleans, for the last quar-