New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-26
Caxsnxwr oyrIea, No. TO Camp stree.
F5.f yTedusrdsv Evmu{nW Aurff rs, III

Wsdnesasy Evanins April Is. ISSa. !
There was nothing Of a stirring character OBJ
served to-day in the money and paper market.
There we're some small amounts Of paper maturing
next spring placed at a@s3 get; in fact, there
were sales at all prices between and IL get.
The chief demand - on the part Of those Who have
to remit North, who perhaps, under the high stand
ing and credit of the South, have purchased rather
too freely. Moreover, some country merchants
and traders have lost money by buying cotton
from their customers, which has turned out to be
greatly deficient in quality, otherwise there was
either too little cotton In the bales there WAS too
much sand and dust, and what was purchased in
the country at from s09c. q D has been sold here
at from 506Ae., and well sold at these prices. or
course Losses or shortcomings Of this character
have to be carried over to next year, when, they
are not madeup, the deficit may - well be charged
up to profit and loss In the meantime II is sats-
factory to know that those large losses which were
to to dealers and buyersin foreign exchange
are mot likely to arise. Very few bills, when
placed in juxtaposition with the immense sums ne
gotiated during the season, will be returned so
croakers and agitators can just retire. More than
| three-fourths Of the immense crop Of cotton has
been fully paid for. .s
The offerings for discounts at the banks to-day
were. in the aggregate, double the income. The
discounts were liberal. and parties doing real
| legitimate or regular business are refused when
their tenders are Of paper made by parties having
pretensions to punctuality and promptness. But
as for parties to expect to obtain large sums on
the plea that they desire to leave the city and pro-
| vide for their payments in advance, it will not be
of much avail. True, many parties will say they
will take exchange for the proceeds of their offer
ings; but it is supposed, however, this course has
got to be well understood by this time, and the
season Of the year is now at hand when hundreds
Of the birds Of passage the come to-day and go
tomorrow folks-are preparing to take their de-
parture, it will be nothing more than Justice for
our bank managers to make discrimination be-
tween temporary and transient traders and our
permanent and steady residents discarding, Of
course, the applications of the cosmopolites Oh
transient folks and granting what they have to dis
i pense to those who are on hand the year out and
I the year in.
! The Exchange market had very stiff feeling TO-
day. The counter rate for checks on New Yorl
J at the banks was steady at prem, and at prem
] there was q great demand, with heavy sales, fol
all double AL and even up to s. l6 there were more
! than ordinary sums; in fact, Northern funds wer
active for the time of the year. Three days sigh
? on New York sold at prem; only one sale, how
ever. This is an indication Of an upward tendency
AL sixty days sight on Boston was Sold in roun
sums, at get dis; other good bills New Yor
were in fair request at IT, 14@1a dis. Sterling wa
. dull from the absence Of the usual supplies, We
! some clear was taken at 1851, and other sales q
! 18sA@I0Si. There was not sufficient offering 70
! dealers to take freely, and though the Unite
amounts offering indicated dull feeling yet draw
y ers had the call. The banks ask 1921. We al
y not learn of any sales in Document Bills and ca
! only quote at from 1917, los@losl. Francs dull
i inert and nothing doing, and probably less tina
nothing wanted. We quote 5:22a @5:17a, and fror
Z 5:164@5:12I .issA.-7s8
il There were no sales Of stocks, bonds or othe
Il securities to-day. The market is quiet, and will
Y be for some time. s4lsi iS54rs{
Y AT a meeting Of the Directors of the Jackso
Ii Railroad last evening, Mr.. r. Charles was unar
II mously reelected Secretary and Treasurer, al
Il Mr.. Thomas S. Williams, General Superintendent
ds and Master of Transportation, was elected to
rs the two Offices. The two Offices have been consc
II idated. Several other changes and appointment
" were made. .S5=5
az Value Of the Exports Produce the growth
AZ United States saw Cotton Tobacco Flour, Corn ec
d. for the qunres calendar year ending the 81
March for the last being the third quarter
-. the fiscal year Of the government.