New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-12
To these figures we may add that there have bee

To these figures we may add that there have been
short loans on the very best Of security at from
I0@l2 get, which might not have been realized
under the old usury laws, and been the foundation
OF inconvenience to many borrowers, because If
some parties could not have raised money at from
s@I0 get, they would have allowed themselves to
have gone to the wall.
The tonsorial gentlemen have not had much to
do this week; they have taken few thousands at
1920 and "a aBct, and some Of them have let up,
and lathered little at Is get, or II u month.
The great feature at this moment il the ex-
change market. The general rate for checks on
New Yerk was s@7-l6, and some banks asked %
ct. over the counter. The sales at this quotation
"a were few and far between. The Citizens Bank.
which had to-day nearly $4,000 900 in exchange,
sold to it's customers and patrons at other banks
sold at from i@7-1s and ] Sact.; though ! get.
premium was exacted, it was not responded to-.
We quote the range of sight from prem. (buying
rates) to a@7-16 prem, with the bank quotations
ranging at all sorts Of prices both for foreign and
inland Sixty days sight ranged from I, I@l to II
Ii get dis. ten days sight par thirty days sight
al dis. In Sterling the rates were well maintain
ed. We quote clear bills at from l090l09a, and
documents at from 0sl@l0sl There was one sale
at los ZIG. There was no change in remittance
rates. We quote the demand very slack, infnitesi-
mally slack, and wind up the movements of the
day at the asking rates, 1095@l0ss up to 1899,
the bank rate being from 1l0@l10}. In francs
there were very few transactions. The ruling
rates of bank drafts and double Al on the street
were from 5.10@5. 05, and produce bills, though
few and far between, we quote at from 5.2Oa5.lo
M rfynf xyas nuia fa.d
ineffably dull and fat. 9'ss 'Szs
Gen. Palfrey & Co. will offer tomorrow, the 18th
inst, at public sale, some bank shares, bonds of
the city and other securities worthy of notice.
There have been rather light offerings of uncur-
rent or distant bank notes this week. Some few
thousands Of dollars of the South Carolina and
Georgia banks, with few Kentucky bank issues,
compose the extent Of the tenders. OF the North
western banks there are very few netes vending
their way to this point. We continue to receive
highly polished accounts from Pixies Peak; that is,
the latest are to the effect that the mines were
covered with snow; but it is astonishing that SO
many citizens (wellto-do farmers) are leaving the
good lands of Iowa. Minnesota and Wisconsin, for
the delusion Of hunting for gold, when the great
New Orleans market presents SO many advantages
and facilities for the sale of double the quantity of
produce that is now raised In those States. The
exports of Western produce to the several West
India Islands are increasing every season. There
is a market at all times here in New Orleans for
all the corn that can be raised in the Northwestern
States, and if people Of those prolific States, in
Guiding tile great State of Illinois, want gold and
silver, they can obtain all they want through our
city, by sending forward their produce at one
fourth of the cost and trouble that attends the
ignus tatlts of Pixies Peak. We have some read
ers in these States alluded to. We desire to call
their attention through the merchants connected
with the great and increasing Western trade of our
emporium to the Importance Of following the
course of the great rivers Missouri and Mississippi
that is, send your produce down stream, and it
will bring up at solid and prompt paying market,
the great depot of fifteen States and few terrific
ries that are to be carried ont hereafter.
There have been some changes in the rates of
distant bank notes. which will be found in the table
below. There have been very light receipts of
coin and bullion this week. There are about $3.50,
600 in silver expected by the steamers from Brazos
ST. Iago, to arrive next week and the week after.
Mexican Eagle dollars have been sold this week at
the very high figures Of 1911. This is above the
standard of American silver coin ; but the great
East, Hindostan and China, do not want the half
dollars Of the United States coinage. They not
pure enough; nothing but Mexican eagle dollars
old Carolus and Ferdinand dollars will suit John
Chinaman. There have been large offerings of
American silver coin. The brokers have been
buying at 99@99l, and selling at the best rates
they could at ss2@lO0.
In land warrants there have been no demand.