New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-21

uuL What Will pc para when due. 1t Ii. however
manifest that buyers of paper and lenders Of the
dross have established an advance, and they Will
hold it for the present.
We have to quote the following rates:
Three to SIX months first class paper. Ga
Ten to fifteen months irst-class psper.. sIzglG
TODD second class sSl2 months. I2
at the same time unexceptonable mortgages
can be realized on at the rate Of 8@s2, but they
are few and far between. In the ordinary course
OF business there have been transactions which
may come under the denomination Of tonsorial at
l5020 and "a get, and parties buying this kind Of
paper decline to take irstclass unless at about the
same rates. Though the rates for money rule
much higher than last year at this time, there is no
press nor stringency. Money will be free and real
lied on most all kinds and description of securities
but not at cheap rates, and to cut long talk short
we have only to remark that the money market
will not be tight, but those DESTROYS to realize on
general commercial securities, will have to submit
to present ruling rates. The banks were all in
strong position to-day, in fact, rather flush than
otherwise. The gentlemen from the Assembly at
Baton Rouge, that is, the Bank Committee will be
down next week or the week after; they will go
through the yearly Formally, but the gold and
silver must be in vault whether they (the commit
tee) handle every piece or not.
The Exchange market received check back
wards to-day. Buyers and remitters had the call,
and from indications they intend to hold it. The
general counter rate for checks on New York was
yet. dis, though small amounts could not be had
better than I. Outside double Al bills were taken
to large extent at dis Sixty days sight on
Boston was taken freely at S9ct. dis, and some
small sums at New York were sold at Ii and Ii
dis. The general range of good, that is, AL sixty
days sight closed for round sums at 212t discount,
making the extreme rates of New York sixty days
from II, "a, 2a@2i dis, and for some bills on the
Jockey order we quote 22@s Bet Buyers or re-
mitters must consult general quotations and OBJ
serve which will suit them hest. Sterling, after
going up or more, seemed to halt to-day The
Havana orders being filled on yesterday, there
was some recession to-day from yesterdays
rates. Clear sterling ruled at 107s@l07l and los.
Dealers were buying at 1919. There were two
round sums closed under the basis of yesterday at
1919. We quote clear bills from l073@IO7E Doc
ument bills were taken on well known drawees at
l0T@1074, and some at 1863; then again at 1914,
so it is difficult to come to any well defined quota
tons, and we give actual operations. The demand
for francs was light and rates inclined in favor of
buyers and remitters. We also note some sales
on Paris direct at 5.27a with the general range of
the market moving along torpidly and closing dull
at 5.32a615.2 for the market.
In Stocks the feeling is good towards all Of the
banks. The sales we have TO note this evening are
100 shares Bank Louisiana at $50: 10 do Southern
Bank at 10s, dividend off, and some other negota-
,yb bod mr. trnap md
Messrs. Palfrey & Co. will sell tomorrow, the
2lst inst by auction, sundry shares, bonds and i'll
surance scrips, as will appear by notice elsewhere
There has been large increase in the quantity
of uncurrent or distant bank notes offering this
week. The increase in the issues of the banks Of
Alabama and South Carolina is larger than in any
week of the season. Mobile bank notes are also
more plenty; though they do not pass current,
they are gladly received by all dealers and traders
Though they have in Mobile two banks which may
be classed as little monsters in fact controlling
the immense business arising from the sales of
700, 900 bales of cotton u annum-they are strong
in resources-yet these issues do not pass current
II our financial circles, and they are good plum
for brokers and dealers in uneurrent money.
We have frequently alluded to the rather weak
Carolina The banks of Charleston, particularly
have very heavy circulation, compared to the
specie basis. There are large sums Of the issues
Of some Of the Charleston banks being paid out in
the purchase of and advancing on cotton in northern
Mississippi. The grand center of this field of opera
tons is in Carroll Yalabusha, Tallahatchie, Pamela
and other counties. Since the failure of the North
ern Bank of Mississippi there has been great lack
of currency in that section. Planters sell their
cotton and receive these South Carolina bank notes
in pay. The Georgia banks are also well repre-
sented Towards the boundary line of Tennessee
the issues Of the forty and paper shops of that
State form the chief circulating medium. American
silver coin would form a large share of the money
intended to supply the demands of the trade; but
the advantages and general good to be derived
from free and enlarged supply, sufficient for all
inland purposes, have been restricted by the inju-
deious action of the Director of the United States
Mint, in changing the rate to be allowed for silver
bullion and coin at the mint and branches forcing
the large sums received last year-say over eleven
millions of dollars at this port alone-to seek foreign
markets and now one of the greatest curses is en-
tailed on our agricultural community, in the way
of an almost worthless and vaueless currency, az
represented by hordes Of banks located in out of
the way villages in Tennessee and other States.
The exports of specie from Boston, New York
and New Orleans for the last calendar year were
$50, 0o0, OOO of which s70,267, 900 was from New
York, but mostly gold; s6O49,000 from Boston,
and s3,750,OOO from New Orleans in silver. A
large share of the silver received here has been
forwarded to New York. Our Branch Mint, how.
haya