New Orleans daily crescent., 1860-07-13
nslD 0rlsans 1ailp Grssttnt.
FTNANcIlL ANp coMMERcIaL DEPARTMENT.
Glen Grleans HIong IIarket.
oan.osszs orrles. 70. q Camp ..sss., q.


The tenor of the general market is towards in
creased stringency. The calls or offerings for dis
count at the large banks appear to be enhancing
every day. To-day at the Bank Of Louisiana an.
plications reached $500 500. This Is a proJieiois
sum for this season of the year, particularly against
an income of only about one.;hird of the amount.
Some Of the bank managers are very tenacious in
regard to coin, and are endeavoring to keen the 4
rates for Northern funds below, Of within the range
Of the cost Of transporting specie. There are
orders for coin to be forwarded to the West, pro
vided New York sight funds are not available at
43et. prem. Outside of bank there was nothing
DONE Some of those very industrious persons
the principal operators between the capitalist and
borrower-were unsuccessful in offers in fine,
there were no negotiations to-day on the street
worthy of record. There are irst-rate assortments
of good paper in the hands of the brokers, and
those having high crowned hats appear to have
them well filed with paper, embracing every grade
and signature.
The weather continues hot, remarkably hot, and
interferes with all disposition for movement Bills
payable, however, must be taken care Of, heat or
no heat; money must be raised unless parties de.
sire to go to the wall. The last dates from New
York are that Wall street, as regards money, was
in an unsettled state. This may be construed as
the harbinger Of an increased demand in that mar.
ket, with higher rates of interest 1t is talked Of
that some of the Southern dealers who bought
largely in New York last season. up to this spring,
have been obliged to obtain extensions. Some
New York shrewd fnanciers say that the South has
over-traded for two years past. What part of the
South is not understood but from the present po-
sition of our money market, and from the indubita
BILE facts, that this community of New Orleans owe
| SO yet. more to moneyed institutions at this
time than it did two years ago. Very likely that
our good city is embraced in the charge. Be that
as it may it is manifest that some sections Of the
Southwest have not this season punctually and
| faithfully fulfilled their engagements. We hear
complaints to this effect from many of resident
traders. With two millions and one hundred thou
sand bales Of cotton received in our market, we
ought to have been in stronger position at this
time than we are. The great feature is that our
citizens both rural and city, are disbursing too
much money for travelling purposes, paying too
high prices for lands and negroes, and cotton sell
ling at less price than it costs to cultivate it.
There was not much doing in Exchange. The
counter rate for checks on New York ranged from
i 50a prem. Outside rates ruled from 4g1 and Ole
prem We have no change to note in time bills
and quote them from 2@1 and II discount for sixty
days sight which embraces from good to fair. The
sterling market is weak at 10aI We have to quote
from l09l@l094 for outside rates, and HOG lIel
and fraction for small sums at the banks, pre-
missing that the banks have very light balances in
London against which they can value. Francs 5.I5
@5.ll4 up to 5.07l-the latter on Paris direct.
Stocks are dull. We only heard of one sale to
day, say 2s shares of Commercial Water Works al
81. Old "rub-and-gon takes the great law suit O
the Merchants Insurance Company with the mos
5 perfect calmness and complacency. The weather
being rather sultry, the case has been postponed
for trial till after the next frost. About the yea
1870 we expect to chronicle the decision abou
: these $33 600.
!, The sure and steady increase of the foreign i'm
: port trade is made manifest from the annexed
figures, showing the amount of duties collected oi
!: merchandise and productions of foreign countries
imported into the port and district of New Orleans
. for the fiscal year ending on the both June last
1850. We also annex the receipts for the yea
ending the 30th June, 1859: