New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-02
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iaursiay Essnias. March l. $50. I
s Ine tenor Of the Money market is unchanged.
me offerings Or calls for discounts today were /
large Inc income Of the banks discountino 80
also large, and the amount Of the income was din.
counted up. Taking general view the demand /
for money s on free scale. with the bauks be;no |
in good working position, and not esiroua "a loan
ing beyond the daily income. The mote. broker. |
were very quiet to-day, SO quiet that Il was ,c,t
to ascertain whether they had anything on hand q
offer. The rates Of long dated commercial naner
continue at 90i0 Oct, with an occasional trausae.
ton at 81 and about three or four within he ranoe
of 10 get. to balance the cheap rate. There were
sales Of fair paper at l2@I5 get, and some On the
tonsorial order. Tonsors in paper do NOT moye
better than Ii per month. Taking general view
Of the market to day, we find that the same
features which we commented on year ago to day
were observable. On the first Of March, 1889 we
noted as follows:
~ mo money market was qs ssessdas aaiss to-day m
summer day calls on IL banks fc disesesss xer. hn
which do not believe will rebound 10 any o advantage
The Exchange market WAS heavy to-day, par
ticularIy in outdoor movements. The banks were
to par. We quote extreme rates from discount
to an prem. 1t is useless for drawers to be ask
ing l. as remtters will hold of, but dealers win
move if there is anything to be gained by moving.
Three and five days sight on NewYork ranges from
I@a dis. ten days sight s@a dis; sixty days sight
from Ii, IL, 1l@2 get. dis. 1t was difficult fol
brokers to realize Ii discount to-day IN fact, the
market for all descriptions Of Northern funds was
dull In sterling there were sales at 1854 the
highest figure being 1889. We quote dealers buying
rates at lO7S@10s4, and for remittance fraction
were no large movements. We quote 107i@l07l
up to 1919. In francs the market was exceedingly
inert. The ruling rates to-day were from 5.27a@
$40 and 5.1s4 For small amount under 5000
francs) higher rates are asked particularly if on
Paris direct.
There were no sales of stocks to-day to our
knowledge.
The cheualiers d'industrie are again at work,
not satisfied with issuing bogus half dollars and
worthless eagles, they have resorted to the mutt
lating process the latest of which has been on the
Canal Bank. The process now is to cut off the
entire upper part of the note, q portion Of the
lower eAueHilIes, anu OtHeT pdTIS u tne sainc
amount, patch the whole up and claim payment
for both Of the lower parts, making apparently
complete obligation the signatures to the patch
ed parcels appear to make up whole or entire
note. The public will do well to be guarded, and
also against bogus eagles and double eagles which
have appeared. The cutting up of Q hundred dol
lar note lengthways will prove profitable bust
ness to the chevalers or villains d'industrie. We
learn that some of these notes have been presented
1T the counter of the bank for payment, and of
course refused. Gs
We published yesterday the value of exports Of
domestic produce from the port and district of New
Orleans for foreign countries for the last quarter of
the year 1859, as appears BY the records Of our
Custom House, forwarded to the Treasury Depart
ment, amounting to s32 351, 775, making the total
value for the year sl02, 5sO5ss, which, however, is
only an increase of about Il 7act. over the year
ending on the slst December, 1858; therefore, we
do not receive any more for large crop of cotton
than we do for small or short one.
The exports for the quarter ending the 3lst of
December last were entirely composed Of cotton,
Or SO near it that the value Of other products ap
pear very trifing.
The following figures give the part cotton has