New Orleans daily crescent., 1860-11-23
Ue6 OrIsans 1ailg Crsstent.
FINANCIAL AND COMMERCIAL DEPARTMENT
g1sm 8rItaas Nlontu Hlarktt.
CREsoExT OFFICE, No. 70 Carpn straet.
1hargiay Er4nff,a No. 80 fsf0

GRksCENT OFFICE No. 10 Carnn street. J
Thursday Evening, Nov. % 1910.
The movements in the money market to-day
were, Us they have been for several days, confined
TO few discounts and renewal in part Of obliea.
tons maturing. The New York market was CON
sderably agitated on Monday and Tuesday last,
and had relapsed yesterday, and things were re-
ported to be looking better. There was nothing
beyond the intent that the banks of New York city
intend to take care of themselves; If the course
pursued turns up favorable, well and good if it
should not, the adverse results would have yery
little effect on our community.
The telegraphic dispatches today announcA the
suspension Of specie payments on the part Of the
BANKS OF baltimore. Suspension appears to be
progressing Northward, and possibly other banks
VIII be announced in day or two. In the mean
time, much stress appears to be placed on the ac
ton in New York, and great results are expected
to follow the movement Of the fifteen banks Of that
city. It is hardly reasonable to suppose that the
great solvent banks, such as the Merchants Bank.
Chemical Bank and Bank of America are going to
turn the amount Of the coin in their vaults into
general association OF, say only Is banks to con-
stitute general fund to invest in exchange, and
sustain the general produce market There are SO
many diversified dispatches received by this or
that party relating to cotton and the market that
III difficult to ascertain what degree of reliance
should be given to them. For it appears that
almost every Wall street operator who concefves
20 -, " =, - 9 " soiis pto-
against, as the views Of the sender may range
The banks and bankers in Wall street in general.
continue vor, nor,,o,,s 1his / r.eo -
narant hv tbe . tte ,,riat. z;s,,.tolas
The FTcv,anoa y,er,rat ~ sta5la er,nar
resultinc in sales of clear startling NJ IoaaIooj n,
TO 1904 and I0l Tban sga;n tbera 1rare tra,,sas.
tiops al % down to os for document nils / oood
deal of eterI;ne has hoor tal,on =, srao,,Ia,;o,,
Tho bsnEs ara takino fa, t1o,,ao,ds 60 Al, ~
~. rrto
aaS' Ing iateot aosioes 1fola NEW ork 40 mol IN
dicate any improvement in rates, as the best of
bankers sjyty davs drafts on Iondon were afieult
70 a. Io9oa1oa l., e.o,o. a., g.
'.lles 1ae.o mei'
safes at o.iulsgo.oo. iheFe were SAFES at o.b0 on
Paris direct. Before the close Of business tile
HIGHEST offer was 5.65. We nnate from, 4 -s0a5 an
r., a,,,,ast;o ,,i,,s t,ors aa,as 20
- Di,' VIZ ~ : 'a'eo " sA' 'n Ne
York from 403 prem the counter rate was a03
prem The demand was very feeble at the counter
for cbacts and rotes ro,ot raooda toe,.a -
rto.t a;at .,,,o5 60, III u
7nols siSh. Ia'eu iiohi aU4 prem. II II very al,
cult to give any real quotation for sixty days sight
Drawers sell tile best way they can at from 36a3A
and slct d;s avar do,vr u sl6as soc+ AZ, In
" " tpe'. 49, WHY
soAle 90 ~ saAeh ~ silah aliotts
at from 29t922 dis. The figures cannot be called o
real quotation. Int sales are made daily at offand
;s:,a
iusiue.
A good deal OF cotton IS being shipped on plant
ers' account for liverpool advances being made
b ra,,,or,;hla ,,ayt;as q, b, fn,,o;o.;u,. - II,
W iespohsioie pat3es' SO Wy ihahciefilg anu on-
tanning only moderate tacllites, many factors and
holders will be relieved; but the pinch in money
an5 oanar,f NEGOTIATIONS cont;n.as II I'll, forna
- -. = h -
ana tAe pressure ior Negotiations IS as stfohg as
ever, without any prospect fer general relief, at
least for some time to come.
LOUISVILLE MONEY MARKET, Nov. 10.
There was o large demand for money to-day,
and it was with great difficulty that rst-eass pa
per was negotiated. Short paper can be used at |
TO Get % month, but it Is impossible to use long
paper on any terms. The pressure in the money
market was severely felt to-day and we heard that
several protests were made. The excitement in
regard to uncurrent money that has been raised by
the brokers is somewhat dying out. The rates fol
Southern and Illinois nave signify advanced, ane
at the close the following were the prokers quota
tons: For North and south Carolina. Alabams
and Georgia, l00Dl5 fct.; Illinois and Wisconsin
Gl0 f3ct., and missouri z05 % CT dis. AS we hay,
said before, the issues OF those banks are as goot
to-day as they ever have neen. Ihe excitement il
intended Tor the purpose o. getting up q brokers
Paso: = iaige natuel ~ - wi lnelcnalts are az
There was great demand for Exchange, boti
i ", III Iase aau o.les t e ~. Pleh. ilt
ali cases It was readily met MT onr onnta tons iu
The supreme Court of Illinois has decided tba,
banks are reunired "a redeem their nofes n vhnls
packages as presented and that redeeming one
note at time is eouiyaient to a refsai and tbat
on tba faiInra * raSaar, Z 10 olTa II 81 - q :.