New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-15
9fu 0rlsaus 4ailp Grsstsat.
FINANCIAL AND COMMERCIAL Department.
Ysm 0rIezns Nl0neE IlarAd.

Ysh 0rIssas WOntT WarAd.
o1r'essr a asass Es e es Rss IRIS
The money market opened very quietly to-day.
The calls on the banks for discount were considers
bly, below for the same day last week. After meri-
dian there were later advices from Europe; that
Is, tho Liverpool quotations for cotton were at
hand. They were Of an encouraging nature, and /
they are not fally responded to, Il may be owing
70 the dehciency Of stock comprising standard OF
good qualities. As regards the paper and money
market. Il i manifest to-day that the demand for
money was not 80 STRONG or heavy as last week. |
There have been very limited inquiries or calls for
com at the banks. There have been recently some
Investments in doubloons, which have been taken |
up for shipment to cuba. There have also been
shipments Of Mexican dollars and coin to New
York, but these shipments have had very little
effect on the general money market Our banks
very seldom forward gold thither to meet their e.
change balances. II bank was to take out Of It's
vaults quarter Of million Of dollars Ia standard
gold, and forward 1t to New York Or any other
-, !.
p'a's ~ n'se' - eAs'aso = u'a.' y 'u''Aa -
once conclnde tnat u had been rather ahead q
progress. True, we are informed that the express,
50 called, will take gold to Nashville Tenn. for one
sftb ~ a., ,,.+ tho, aoss NOT o,,r t.ts
s..
Z - 1es Il = so''1e pa's'es !, =
do not give us checks on ork at such and such
rates, we shall draw the gold. Well, draw the
gold, we would reply. and transport It through the
attracts over ra;Iroads and .; Il Or, boar "a Of sore
9 J.
80 :. - o.A'1 1aS' Anu : 'Ae = ''' po'eo1
OF 'he mississppi, tHrongn tne Workings OF an oid
snag or young sawyer. The gold Ia gone, but il
the owners had had bill Of exchange. or certif
- y .a...... = az. - =, =
cry sAes "ou nov nav '''''s =
nature 70 iail back on. res, draw the gold y inc
theme in many circles. Well, the gold il ready at
all times at the counters Of our banks, and when We
ses a. ;nav;d.., q 49, Nail, co,,,,tars .orr.;r,
os'' uona' p's0es' luA''ef eas w. 0' aa'1
80 On We are reminded that the individual = losing
time in counting the dross. We again reiterate to
our bank managers, not to allow the daily threats
that If we cannot have checks at our rates, we will
draw the coin. Very good, draw the coin II We ars
in your debt These repeated remarks will. Of
course admonish our hank managers to scrutinizs
\ the character of d great deal OF paper which vii
be coming before them, and not allow our locality
TO be used as a kite or drawing post, Further. i
ii not fully as profitable ana renneratiye to LOAF
permanent resident one or two thousand dollar,
ON morteage-to build house for 4 real home
stead as 1t is to be fayoring the cosmopoIitans Of
the temporary exchange movements that are offer
ing every day on our Streets We are not vet fully
convinced that our community is SO largely in deb
after receiving the proceeds of the largest croJ
: Of cotton on record--as to warrant the belief tina
There are any legitimate balances of indebtedness
! against us as to warrant the remarks that II ex
change and New York funds are not Furnished a
such dictation the vaults OF our banks shall be dc
7 pleted Possibly en- little cool reflection, and
one side high degree Of frmness, with defan
attitude it will be proven or will turn up that th
creditors Of our banks and our good city are not
{ very numerous, and have not SO imposing an att
tude as many croakers, operators, shavers and e,
! change buyers would like to exult in.
i 4 The general money market to-day gave stron
indications of free supply Of the needfal, thong
. of course not at the rates Of last season. On Il
> street there were very limited parcels of pap,
: Offering. True, there was good paper offering
the rate of - act. per annum, and so there we,
negotiations of six to eight months at the rate Of
I sect
The Exchange market was weaker to-day. W
note the sales Of $4,000 Of sight on New York,
Z two parcels, at prem, and other transaction
Is to the amount of s12O,ooo at 6 prem. The banl
n we're asking prem.. and took ii out in asking.
there we're M regular patrons Of the several banl
piclV holo ny FA'i - s'iS ~ - bAs.An
prem. our banks must expect. IN the perforn
e anee of their duties to the public. that they wi