New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-04
Nslp 0rlsans 1ailp Grsssnt.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Astu 0rIsans gtluusu 1larkst.

. " CgEsnKNF fryIcE. 10 Camp street. Z
Tuesday Evening, April 5, lsso
The demand for the dross was large to-day. The
calls on the banks were heavy, resulting in about
one-third being rejected. or course, there were
preparations for the large payments maturing to-
morrow. In fact, the payments are tolerable
heavy from now to the middle Of the month. More
over, there are two days payments to be provided
for In one day. Friday, the 6th inst is legalized
day Of general suspension from business. 1t can
not be called day for pleasure OF general holt
day, but il ID set apart az day Of devotion and
rest, which viii be carried out by large portion
Of our population; consequently, the preparations
may account for the general activity in the money
market to-day. The sales Of paper were large in
the aggregate. Capitalists and lenders take hold
freely at something within their own views. Sales
Of long dated Al, that is, frst-class paper were
made at 9aGl0 Oct, with strictly fayorite sigma
lures going at get, and other good to fair names
at an sorts Of prices, from 10, 11@12 and Is get,
though ia pretty tight work for any regular busi
ness to withstand an usance Of more than I70l5 y
Ct, yet it is done. The tonsors are also doing
very good business at from 150ls and III get per
annum.
The Exchange market took q very favorable
turn to-day. Under large supplies Of choice and
good bills there was great heaviness thu ough the
day, yet there were large sales and good many
small ones. The counter rate at the banks was at
from t@& prem, or rather these igureswere asked
without any large sums being taken. A round
amount, say $4,000 bank checks, was closed a
par. Double Al outside was under limited move
ment at par, that is, from the very great nertness
in regard to sight funds beyond the limited wants
Of daily and local remitters, prices and rates fell
off In short sight there were several transactions:
three round sums at one day, and three days sight
at an !@1 dis. A round amount Of fifteen days
sight at get. dis. Sales of sixty days sight at II
@l4 and II dis, and lower figures for the general
run Of commercial drafts, say from l3t0li and II
dis Foreign Exchange also received severe
blow. Clear Sterling sold at 108@I0s4. with some
small sums at 1881. In document bills there were
sales at l07a-they appeared to be very steady
extreme rates ranging from 107{@107s. Good
standard drawees on good cotton were negotiated
without any difficulty. There was but little re-
quirement for remittance. For this purpose we
have no change to note in rates.
Under the depressing accounts from Europe in
regard to ita political condtion-that Is, on the
continent-there does not appear to be any desire
to invest largely in the Empire. Francs were,
therefore, exceedingly dull and quiet; in fact, moth
ing doing even at 5.264, 5.251520. Bank drafts
IN some request for remittance purposes, as there
are several rentals to be forwarded to Paris, fer
account Of parties who grind the tenants and COM
plain at the Same time Of high taxes, forgetting to
remember that any increase in taxation by city,
parish or State is certainly followed by CORES
ponding enhancement il rents, demonstrating that
out of the tenant comes ali costs, charges and
taxes.
We append the condition Of our banks at the
close of the month Of March for the past six years.
The figures for the month of March, 1868, follow
the panic Of 1857. The figures for 1856 apply to
the great crop of cotton 3, 527 .s46. To move
the great crop of that year there was only specie
basis of $s,6s6,12l, with circulation of only
81 096 999a line Of total discounts of $40 no.
II will be well for our fnanciers to study these
figures, watch the contrast between 1866 and $780,
with only an increase of the inland elements of
commerce of our great staple of about 20 Get;
the Indebtedness direct to the banks is go get.
more, and very moderate acquisition to our
banking capital since that year, say -, 3s7 900.
The movements in Stocks to-day comprise the
sales of 10 shares Gaslight Company at 1872, rs
shares Bank of New Orleans ut 100, and rs shares
of jackson Railroad at %.
Comparative condition OF the Banks Of New Orleans