New Orleans daily crescent., 1860-06-16
Aen Orleans Dailp Gresfsnt.
FINANCIAL AEp COMMERCIAL DEpAnrMepr
gsm 0rIeans lfloneu dtlarket.

Y,
m, Friday Evening" june 10, 1860, |
Inc general money market to-day offered very |
little for remark. Paper, with satisfactory names
Is not plenty nor s It scarce, but something of |
betweenity. The calls for discounts TODAY at the |
banks were largely above the income In two of |
the prominent banks fullyone third Of the offerings
were refused. Outside there were some sales Of |
good paper, maturing in February next at the rate
of S!f19 f2ct. A large number Of the discount
brokers have nothing to offer capitalists; and the
season for any large transactions is over, and the
rates of interest may be considered as nominal.
The tonsorial operators have very few inquiries,
yet they lend out all they have at the rate OF
1920 and "a get. For instance, some paper con-
nected with the planting interest; that is, made BY
planter or grower of cotton, in the way of q
draft of convenience, accepted by some young
factorage house, is sold by the lump as it we're
that is, 15@20 get. off the face whether it has five,
six, eight or nine months to run. This Is not new
method for selling and buying second and third
class paper that is, so much off the face. There
are very few loans making Of long dates at this
moment. On frstclass property, loans can be
realized inside of 81 stock collaterals 60 days
to four months, loans be effected at from 69S
Get; on second-class mortgages the rates range
from l0t9l2 yet. for long loans, that is, nine to
twelve months. Finally, there is no difficulty in
raising money by those who have anything safe
and of a respectable account to offer for it; and
though money may be said to be cheap when COM
pared with last season, yet s3@9 and % for fall
and winter paper does not indicate any leaning
| towards cheap money, when compared with other
ports There is very little difference in the rates
to-day than from last year at this time.
| The general Exchange market was fat and in
ert to-day. The counter rate for checks on New
| York was uniform OF premium. There were some
few private bills taken by the banks at premium,
and some sums sold through brokers at fraction
higher, say 9-l6@s prem. In time bills offering
we note the sale of $25 900, at sixty days sight,
| drawn in Havana on New York, which sold at } Ja
Ct dis. There were some other negotiations going
on when we left the flags. We did not hear of q
sale of sterling and have to quote l093@ll0 deal
ers buying rates, with very light offerings. The
bank rates without change, and francs dull at 5.l2aa
5.O64; bank drafts 5.05@5.00.
The Stock market has been unusually quiet dur
ing the week. The only sale to our knowledge has
been that of 20 shares Canal Bank at sl33s. We
have no sales on which to form table of figures.
4 We might make up list of prices, with sales,
and say Sucn ana Sucn STOCK Is Wortu so Hiuch, VI
held at such and such prices, and as the season of
dividends is at hand, particularly on bank shares
but to make a general quotation, we may say that
the general stock and share MARKETS superlatively
fiat. aa .4n @.=
The following figures denote a steady and sure
increase in the business of the Jackson Railroad.
Some of the very ardent friends OF the road last
September estimated the quantity of cotton which
would be transported over the road at 225 900
bales. The total quantity Of cotton brought over
the road and landed at the depot in this city from
the lst September, 1859, to the 3lst May, 1860
foots up 1873 1868 bales which is highly satisfactory
Earnings of the New Orleans, jackson and Grea
Northern Railroad for the months of May 1920:
May, 1859. Nav, $50
| Prom freight ........,,,.,.,.,..,. Is 32 p
| From Passenpers .............,. 25 46T 43 .69
For Mails ,.....,..,,. -. .....4... 3.i6T 5.2G