New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-13
Nfb 0rlfans 1ailr Crescent.
FRIDAY MORNING, JAsUARY .. Isso.
Glen Grleaas 1lonsu Hlarktt.
nnrsnrar orrler. M. "a

& Z
Gsksexsr oyyIes No. 10 Camp street, !,
ThursdaF Evsnss, JAM H. 1ss9. I
The weather to-day was Of that description so
characteristic Of our cmate--fog, drizziing, damp
and misty, but very mild, with Frightening mp at
intervals, pedestrians and others might dispense
with umbrellas and cabs; and the weather was
about true reflex Of the general money and paper
market There were some sales Of long dated pa
per at the rate Of s99a Get for choice, to 10 for
good. The quantity Of paper offering on the street
or through brokers Is far, very far from being
cessive; but holders of the sinews universally de-
cline to move unless at rates a. noted The Offer
ngs at the banks to-day prodigious in amount,
considering we are only in the first week after the
fourth. It Is presumed that applicants offer about
twice as much as they expect to receive. There is
no increase In the deposit line of the banks eorse-
quentIy there cannot be any accumulation OF
means or money, unless capitalists are nsng pri-
vate safes As repositories, Of which we have no
confirmation. Iii looking over the statements OF
the banks of Kentucky, made last week, we find
that two banks hold over four millions Of exchange
on tue South, which, Of course, means New Orleans
If two banks in Kentucky hold this sum, how much
do the other six banks hold g--and by extending
the question, we might inquire how much do tile
banks of Missouri, the banks of Ohio and Indiana.
and the banks Of Tennessee hold ~ The great
demand for Northern funds ia our market ii readily
accounted for; moreover, many OF our citizens.
merchants and others, are owing considerable
sums which have to be RENTED North The de.
mand for sight exchange, which has been large
and increasing from day to day since the 9th inst
| is accounted for.
| Private advices from New York say that after
the first week CAST Of this month money was ex-
| pected to be comparatively easy in that market.
based on the large amount OF dividends to be paid
But this supposition is met by the circumstance
| that the Government was in the market as d Dor
rover, and would absorb all the ready means of
4 capitalists 1t is further to be considered that
4 the importations of foreign merchandise are large
and expected to increase largely the coming
spring. The impression gains strength that II viii
take all our immense cotton crop at lie y Ii tc
balance the costs of these increasing imports. A.
for gold, we shall have to wait some time befors
we receive shipments from England or France /,
be invested in cotton.
The Exchange market closed yesterday with up
ward tendencies, which were confirmed on TIL
opening of business to-day, bank checks on New
York Counter rate) being dis. As the day ad
vanced. two banks advanced to |, intimating tina
their cash balances were low, and not wishing t
draw against their time exchange, as that, or
large share of it, could not be negotiated or cashe
in NewYork better than sG19 pct There was YER
little doing on the streets. We Aote some sales o
commercial sight at s@s dis, the most at the latte
rate-the market active, closing in favor of draw
IL Tn tir,n Il tiara
transactions in good sixty days at 2@2I Get dis.
and other grades at o. with no large sums offering
and no important inquiry RENTERS confine theil
purchases to sight and short sight. One to five
days sight we quote from 9-l6@s and I discount
and scarce In sterling there were only moderate
movements, extremely moderate. Document bills
4 OF repute, all round, were taken at 106S0IO7.
Clear bills we quote from 1919, lo719lO7a up to
| l0s-the latter an extreme figure. In francs the
| same dull and inanimate state prevailed, and we
have only to quote $50, 5.a0B5.25, though higher
rates are asked by some drawers. The general
| exchange market may, however be considered en-
tirely in the fog, as our community is deprived of
its correspondence due for a week from Newly ork,
and it Is difficult to ascertain what is really going
on in the great financial center.
We published yesterday the annual statement of
the Bank Of Kentucky. We annex below the state
ment of the Northern Bank Of Kentucky and
Branches, located at Lexington. It will be OBJ
served that exchange balances are heavy, being
s3,0sa,9 $40, of which nearly and three quarter
millions are on the South, which means New Or
leans, though possibly there may be some running
on Mobile. The Bank of Kentucky held "a, $4,000,
| of which over one-half may be deemed as on the
| South. twill plainly be discerned at once why
| and wherefore the demand for New York funds for
account of the West is so large.
These banks make exceedingly favorable ex-
hibits, and it is presumed their management IS as
equally satisfactory to the public as the statements
and dividends are to the stockholders.
Condition, of the Northern Bank of Kentucky and
Branches on the 31st of December 1852