New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-09
1fn OrIealrs 1aiIu Grsstsni.
FINANCIAL and COMMERCIAL DEPARTMENT..
aletu OrIfans llensn YIsrhst.
EnRscgxT fJysTcx. No. 10 fssHsS sfYsss
TfstYf4Sikw VI sNts{s55s lfxS;s1S q f<A

Tiurssi.s K5snhs. ~ Msssa T. ssso.
The Money market opened with considerable
asaitude fhis morning, but 81 The day progressed
more active inquiry for money sprung up, particu-
lafJy after IT was known that The Board of Direct
prs Of the Ajax had adjourned without meeting
more than one.third Of the applications for dr.
count and declining to act largely in exchange.
There was rather more inquiry on the street, but
ah good paper conld be anticipated but not at the
chsap or low rates 80 confidently expected. The
transactions to-day comprise some small SIMS 81
A. ~ we rate Of sANs get. and other good sigma
lures Ct the rate Of sglo pct-the general market
ruling from up 70 Il@I2 pct. The old banks are
aathorized 70 exact 500 oct. II they had The
WnefsWaIn to ioan and discount, they could easily
aho feadily loan ont ten millions Of dollars. il
about - many days, Is tie high fignre 81 sect.
~ me general Exchange market there Wa xome
thing more than the usual demand. Ehe.kx ana
sight drafts were ii request through d. d.y m
rate over The counter Was steady and uniform u i
prem, with an occasional transaction Il rorrs
sums at N ath lower. There we're several franz.
actions outside at an lth pssm., which vi. III e,,r
rent rate Of double All for reuna sums but nv
remitter only wanting thousand delIafs could uot
be accommodated at this rate, ii many large snd
solid operators do not care to have their sign
manual or drafts floating about iii small suris, Ana
often decline to draw, except when a large opera,
ton Is in view, and for round sums Ny ~ ooo0
800 900. There were sales Of 1--WE days sight or
New York at par ten days sight at dis. and TIL
current rate for thirty days sight was Dis, Will
good sixty days sight was in request at l4@ls an
and II dis, and good commercial names at from
@12. In foreign bills there were several transac
lions at 7a@l074 for Bills Of Lading Drafts, AM
Clear Bills ut I0s@10sl and 1854 91oa5, with remit
lance figures at 1881 and a fraction over. There j
very little inquiry for remittance or rather there
very little due in England by our community, an,
for direct remittance it is limited Of this presen
time to matters Of cargoes Of coffee. Our com
mercial community do not owe Mfr. Bull any largt
balances but somehow Or another there il {
tolerably large balance due somewhere, or to some
bodies, the current rate Of sight funds on North
ern cities would not now rule at an iD4 premium
There were some limited movements in francs to-
day at 5.25G15. 20-extreme rates ruling at from
5.25@5.I5.
We did not learn Of any movement In stocks to.
day, though there were offers and tenders; posi-
bly, some negotiations now astir may reach CON
tracts. The Directors Of the old e rub .and-go =
the old Commercial Bank-have declared divi-
dend Of ) get, payable on the LIST Of April. The
stockholders also convened on Monday, the 9Th
inst, to elect managers for the rent year when
the gentlemen named below were elected, being
the old board:
Meszrs. Guthbert. II. soeombi Msssrs Adam GiTsp.
E. A. Bradford Joseph Lanat&