New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-01
EcEIPTs OF SPECIE AND BULLION AT THIS PORT
FOR THE MONTH OF OCTOBER, 1860.

The bulk of the above receipts was Mexican
Eagle dollars and silver bullion. Some gold, abou
$4,000, was received. The last receipts Of Mexi
can dollars were placed at l07@l07t.
Cur dates from Cincinnati are to Tuesday morn
ing. As usual, the money articles say good dea
about currency There was a demand for gold
and it might as well be said there was a demand
for money, as gold is the only true and lega
money The South, SO frequently ALLUDED to- mean
New Orleans. Sixty and ninety day drafts on New
Orleans were cashed at the rate of Il i3ct. Gin
einnat will want our sugar and molasses, and moth
ing but cash will answer to meet the purchases 0
the same Forty millions of dollars will it appears
be paid out for hogs alone in the West within the
next three months--a tolerable round sum. It
however, embraces six States, which, when diyid
ed and sub-divided for the several pork markets
will give only moderate amount to each. The
value of pork, bacon and lard, received in New
Orleans for the commercial year ending the slst Of
August 1860, was $685. 900, so that our city re.
ceiYes about one-seventh of the pork investments
in the West, when reduced to dollars.
The article below says that the banks, meaning
there, it is presumed, will have enough to do in
supplying currency to be used in products So il
appears they do not consider gold and silver in
Ohio as currency, but commodity like pork and
hogs, and sold the same as pork and hogs for cur
rency, which currency means the issues OF a thou
sand socalled banks, located in the interior of New
York, in the New England States, in Illinois and
other Western States, possibly a wild cat from
Georgia may have the assurance to present claims
to be considered as currency.
CINCINNATI, Oct 29.-The movements in fnan-
cial circles on Saturday showed an increase in bu.
siness, but this was caused chiefly by collections, a
large amount of paper having matured. This was
and, judging from the comparatively
meager applications for loans, easily met. Nearly
all the bankers reported deficiency in the offer.
lngs OF good commercial paper, as compared with
the supply of capital. The easy features of the
market were, in all respects, fully maintained but
there was no giving way in the rates of interest.
As we are now upon the eve of the season when
there must necessarily be an active demand for
money, capitalists are not disposed to invest, ex-
cept at full rates, say l000l2 get Within the next
ninety days, s400o0,0 600 will be paid out in the
west Tor hogs. After the current month, there
fore, the banks will have enough to do in supply
ing currency, to be used in moving hog and other
products. Outside of the regular dscount-houses
there is very little doing in paper. First class
names are rarely found on the street.
The indications are that in three weeks from
now, the business of returning currency, so far as
carried on merely for the purpose of making ex-
change, will be suspended.
In New Orleans sight there was not much done,
but rates were steady at par buying and prem.
selling.
There was a demand for gold, mainly from in
terror banks which exhausted the supply. Orders
were filled at 379@40 prem. Time bills on the
East and South were bought freely at equal to 10
per cent. for the former and el2 for New Orleans.
Sixty and ninety days are the longest favorable
iates, and it is difficult to dispose OF anything but
,hoce signatures on the South at better than 70
'er cent. Owing to the high prices prevailing for
ugar in Louisiana and the improving prospects as
egards the yield, grocery merchants will be later
han usual in making their remittances. This will
lperate, for the present, against makers of time
traits. We quote:
Buying. Selling.
New , York aork sight,-...-.- = prem. 3sa1z prem
Amerene Cola 1870 ss az par par, prem