New Orleans daily crescent., 1860-06-23
csEscHsr orr1cr, No. 70 Camp street,

Friday Evening, june 2a lsSo.
Inc general summer standard in monetary affairs,
would bs supposed, would rule supreme about
this ume-the real summer soistiee Bnt somsbo,z
OF ahother the calls on the banks for discounts
Keep up, we may say, to the highest rnsrk. A half
Of million Of dollars in offerings at one bank at tb;a
season Oh the year against an income Of two-65ths
OIL THIS amount either means that facilities are re-
CURED, or holders OF paper are desirous OF reajiz
ing for Interior purposes, and does not aupur well
for the intermediate time for moving Of the nert
crops of sugar and cotton. We have onjv To add
that the calls for discounts to-day were heavy
very heavy for the 22d Of June. On the street II
was dull, inefably dull. There were negotiations
and sales of paper maturing between 20 to 80 and
so days at all sorts of prices below 10 get. In
long dated paper, say cotton factors acceptances
Of planters drafts, there Is g free supply on the
market and as this kind of security ranks as high
as the highest of the paper security ON the Market
there is no doubt but what lenders of money--who
by-the-bye, are few and far between-are deficient
in their resources just at this moment and cannot
meet the calls or applications of borrowers or sell
lers of paper. As regards rates of interest, they
may be considered as variable. We nots some ne
gotiations of long dated paper; that is, maturing
in January and February next at 90s1 S9ct Of good
make and high standing. Short loans on good
security are readily taken at 607 get. Notwith-
standing that money is leaving every hour in the
day in one way or another, we entertain strong
hopes that there will be no further advance over
the existing rates of On the I'd Of July the
Gas Light Company will disburse s90,O 900; on the
tHa Rap1x half
yearly dividend, say 5 Oct. on ss,l64 ,0O0 The
Merchants Mutual Insurance Company will on the
I'd of July pay out some tens Of thousands in diyi-
dends and interest, and the seven free banks will
pay out within the first ten days Of July 1856 900
These items will all help along. But we have to
intimate to our Western friends or those connected
with the great Western trade, TO be very chary
about making time drafts on this place. Though
our mercantile community Ia not backward in aid
ing the great West yet there is limit to all things,
which includes good city as useful post Of the
great and increasing West.
The Exchange market is in quiet state. The
counter rate for checks on New York ia steady and
uniform at prem. The market ia not strong at
this rate, as the demand is waxing light. On the
street there were sales Of sight, reputed AL at
ll-l6 dis. II might have been AL and it might not
have been entitled to the distinction In time bills
we note sales Of sixty days sight at discount for
choice names, which some parties were holding at
dis. Other sixty days sight ranged from s0s
and dis. In foreign we did not learn Of any large
transactions. Sterling was sold at ll0t. We quote
good bills at ll0@ll04. Banks which are drawing
obtain llo@l1oa to l10a and short sight at Ill. In
documents we have not heard of a sale. In francs
there is very little doing. We quote on out ports
at from 5.11 }@5. .os4, and bank drafts from 5.05@
500. A sale of sight on New York was closed to-
day at late hour at prem, which indicates that
| the market is rather heavy. There was also sale
of Mexican Eagle dollars at the very high rate Of
| l09a very high figure.
The general Stock market is dull. To the other
sales which we quoted in our last we have to add
| 20 shares Hope Insurance Company at s6sf or s63
| paid; 80 shares Of Bank of New Orleans at 103.
Holders Of all descriptions Of stock do not evince
| any desire to part with them. Bonds and other
securities also partake of the general quietness.