New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-06-02
Beh Orlsans 9aiIp Crescent.
FINANCIAL AND COMMERCIAL DEpaRTMRNT
ysm Orieaas Nloaer BlarAet.
csrscxxx o,,,o,. M. 70 c.mn ,,,..,.

cas''zsr o g,;sss Eo 70 Camp ss,ss ,s.o
Inc money market moved along to-day under the
SUMMER s'shaard. Inc calls for discounts at the
banks were not large and on the streets the move
ments were limited One party disposed of sIs 600
longdated; that is, next spring paper, at the rate
Of 81 other negotiations were brought TO Close
at SOLO get. Money is not so extremely abundant
to warrant borrowers to go In helterskelter and
take all they can get. Some Of the banks have ex-
tended their dead weight under the rate of get.
ID annum interest. Business Is closing rapidly for
the season. We are fully thirty days ahead Of last
year at this time and very little more remains than
for our dry goods, grocers, hardware jobbers and
retailers in general to take account Of stock, bal
ance books and wind up the seasons business.
The exodus of transient traders and citizens il fully
as large as in previous years. The most of them
will return next autumn; they will be enrolling
their in every hotel register where they may
chance to stop, through the United States, Canada
and Europe, as citizens and residents Of New Or
leans and Louisiana, feeling proud as itwere of the
eclat the word Louisiana attaches to name. 1t Is
hoped the name will not be abused. The depar-
ture Of SO many citizens leaves something of void
in commercial and financial circles, leaving the
general money market more under the control Of a
few resident capitalists and owners OF money
consequently we cannot quote any change in the
rates of money and paper for the week. We quote:
Firxtclass sG IL months factors accepances. SIG Pct
Good twelve months. ~ eg,z fct
Fair and safe .....iZ GID fscf
Firsteia Mortgage Pct
Short loans on choice coIiaterais, say 5000
days @ Get
To these rates we have to add the regular ton
a sob a.
Ct, with an occasional stiff beard being taken off
at the rate Of so@3e get, as we observed to-day,
for small amounts of paper. say from s300@s5oo,
having 80 days to run.
The Exchange market was strong to-day, parti-
cnarly for sight funds on New York, of which dou-
BILE AL drawers sold at ! get. prem. The same
figure ruled over the counter Of the banks to Gus
toners and patrons, but the rate to outsiders was
an prem. Most of the banks had nothing for sale
only to their regular patrons. Sixty day bills
scarce. AL and good signatures were held at s@a
and dis; good to lower grades from E@l and Il
dis. In foreign there were some few transactions,
say in document bills, at 1os4@I09 Clear bills
were taken BY dealers at l09@1O9a up to l092-
the latter figure may be called something of re-
mittance rate, though the banks which draw on
London do SO at the rate Of Il0@ll0a and 1l0a
In francs we did not learn of only some small sums
RENTED for special purposes proceeds of rentals,
etc. The outside rates for francs were 5l5@5. Os4,
and bank drafts at 5.05G5.00.
The following figures denote the price last year
at this time:
Bank checks over the counter 5s9 prem.
s,ydsys .,i;: ~, ,o saa dis
.' P'. remittance rates. .iioss @iiss E9
Document DIS !tn5aVyl.51e r
Francs. lZtaeJo-u3
We have pyen the sales of stocks from day to