New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-11
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WEDNESDAY MORNING, JANUARY u, 1861
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Tnesdaa Evening. Jna. 10 1850. 5
The general Money market to-day was I'm unison
with the weather, that ii, cloudy, but far from
being gloomy, THE calls on the hanks for dis
counts were large, much beyond the income.
From general appearances, which are influenced
Or brought about BY the withdrawal or orders for
coin from New York, II may be inferred that We
are settling down TO a regular 10 pet per annura
money market. True, there ~ some inquiry for
certain grades Of factors paper at 81 8a get. We
have, however, to quote some transactions to-day
IN good commercial paper al o. pct. All the banks
have more offered than they do inside Of ninety
days, which throws more paper into the hands Of
brokers. As for the specie basis Of tic banks,
there il not much probability Of an increase On
that score. All the coin expected viii not cover
the purchase money Of three good-sized ship loads
Of cotton. Those large receipts reported Or ex-
pected To come over the jackson Railroad have
dwindied down 10 100000, received by tic Citi-
zens Bank. II there were a million Of dollars III
gold coming via the Jackson Railroad from New
FORK it must have been sRamped in that interim
nable gap, which has been so much talked Or fol-
the last siS months, and which we now learn III
being filed up with bagsof newspapers thrown out
service. II ID presumed that the rails over this gap
will be laid 80 as to complete the Central Railroad
between this and the first day Of April next, which
will place It IN condition to aid and assist ex-
change market next year by facilitating and expe
diting the transportation Of coin hther Our banks
are IN good working position at this time; If they
were to accede or grant all applications for dis-
counts and exchange transactions, they would re-
qnire about five millions Of dollars increase to their
specie reserves. The policy of our banks ii com
| mented on by parties who overlook that every
bank is under supervisors, who are compelled To-
| act on any deviation Or oYerstepping Of the bank
/ act, and who will poance on them forthwith on
the first violation Of the statute 1t is easily re-
marked, why don't the banks import gold ~
They are not required to go beyond the limits of
| the State to make collections Or gather up gold
1 The Exchange market was steady to-day, with
out any large transactions being negotiated. The
counter rate for checks on New York was dis. /;
though one bank asked !, we did not hear Of any
sales at that figure. The outside rates ruled from
Hat dis. Some round sums were placed At dis,
but double Al drawers held at 2l@s dis In short
sight there were some transactions at g01 I3cf.
dis Time bills partook of the improvement and
we note sales Of slo0, 600 sixty days at get dis,
and other sums at 2g2a dis, and down to II dis,
which were the lowest figures to-day. The move
ments in sterling were moderate We note some
document bills at 1864, 1867 I0sa and clear bills
at 1911, 1o7s@107a-t latter an extreme rate.
The advices from New York Of yesterdays date
| quote bankers bills down to 81. In francs there
were no transactions, and we have only to remark
that some drawers hold at Sal i0s5.264, but the
range must be considered between 5.3505..l5. The
general market for foreign closed heavily, with the
exception of New York sight, which is in active
request.
In Stocks we learn of the sales of I50 shares 81
old Waterfowl Company at e2aa % shares Loui
siana State Bank ut lsT; IS shares Gas Light Com
pany at Ieo ex-diyidend, and another movement 81
$50 shares, not closed. There were sold at public
cutlery to-day to close estate 10 shares Louisiana
State Bank at 1s6: 20 shares Gas Light Company
4 with dividend, at 1875 25 shares Mechanics and
Traders Bank dividend on, at I0t4; 70 shares
mortgage stock Citizens Bank at 81 premium; Il
shares ST Charles Hotel at sl4. There is very Lit
tie doing on the street, either in Stocks bonds ant
miscellaneous shares in general.
POSITION or THE HANKs or NET 0RLEdNs OF
Saturday Of eref itt@, cdnfAfinY th he fiiiffdl
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