New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-12
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FINANCIAL AND COMMERCIAL DEPARTMENT.
Nslu NrIeans 1lolrsu Ilarhsi.
CRxsrxMr 0rrIoE, No. 20 Camp street
Wcdnesday Esenipg, April IL. 10

Nsp 0rIeans Wonsg Ilarhst.
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There was more money obtainable at the banks to-
day on short or 90 day paper than on the street. At
one of the old banks up town the discounts were
within $4,000 Of the amount offered that Is, s154,-
600 out Of 100000, the amount offered, were
discounted. Down town the offerings were two to
one for the income, and the discounts were free.
On the street there was something Of q tightness,
which can only be construed that capitalists, deal
ers In paper and lenders of money have about got
through with their incomes or surplus, and have
no more oleaginious matter !" to dispense-that
is, their bank balances are reduced, and months
must pass before they will appear on the market
again. Yet the present attitude Of the money
market-the so-called stringency-is no more than
what we have frequently predicted since The all
vent of the present year.
Our banks are all in good trim, and II is pre-
| sumed they will continue 10. Albeit there are
many and numerous appeals to bank managers for
| favors, which the law compels them to disregard.
A year ago we often alluded to the speculative
feelings or inclinations stirring. The very high
prices which were paid, or agrsed to be paid, for
town lots and property, for sugar and cotton es-
tates, and for negroes, with money easily to be
hired at 74@sa oct, were alluded to as certain
and sure indications that every Investment gilt
tered. The great prices paid for the vacant lands
with doubtful titles OF the Macdonogh estate were
called M as sure and certain signs that we should
| all he crnsuses IN short time. Well. Mr.. Mac
donoca townsbins. sections. acres lots of ground
ana Hi ala yacxetv bindings are ahout in
The aame condition as at The lime Of the sales A
verv small rnodicnm of the old mans possessions
have been improved. and Of course have NOT
| yielded a retnrn of act. Then there has been
snent for travelling purposes 10 Europe Northward
and 90 nm millions Of oilara. for which NOT q sous
il credited in the wav Of return. However. IL
neonIe vii; continue to borrow and live ON the
camera, credit svste and tiuhtness follows. Il ID
/ hardly necessary for INQUIRIES to be made every
bour what causes money to be 40 scarce Mais
,,,;upoyte. we shall ret along Yery well for the
4 balance of the season. But as for cheap money,
4 4 cannot he ernected for some weeks To come In
4 the meantime ali reasonable and moderate re-
j ou;rsmenta on the mart of borrowers or thev ei,a
Il have paner "a rel win he met at the bank Il. Ill.
4 and with operators outside,
through brokers at the rate Of s01I0 and IL 79ct.
for choice to good and fair names, for long date
N That il. 9 to ID months.
There was quite an active business in Exchange
! .o.day We note several large transactions II
sight on New York at from par to an 18th dis, and
4 some sales at dis quarter Of million Of dol
4 lar. have changed hands within the last twelve
i business hours at i@t dis. and par. The counter
rate at the banks for checks was uniform at an It'll
nrem The demand at the counter was light. Il
4 time bills we note sales of sixty days Al at 101i
ana i dis.: good to fair At 1itAfs, away down to
tIaAl5 dis These latter figures cannot be called q
quotation. Ten days sight we quote at discount;
/ thirty DAYS sight l6lI dis. There were sales Of
Sterling Clear Bills at from 10750l08 up to 1854.
round sum Of Clear was also placed OF los
sic. In Sterling with documents, there were salea
at 107I0al07a and 1914, and something very nice
done at 1914 In francs we did not learn Of any
! thing important Some few sums are passed daily
, on Marsees, Bordeaux and Havre at from 8 .26 Ia
$50, and good bankers and bank bills at from
] g. Isan5,I5 and 5.l6l.
Nine out Of the eleven banks win be closed to
2 morrow. The State Bank and Branch, and tn
! Bank Of America will be opened as usual, thoug
there will be some one in attendance at all Of til
! banks to receive money or payment for notes an
obligations which were unpaid this evening, an
: fall due tomorrow, the 18th inst. OF course, b
closing the doors of the banks, any difficulties 0
damages arising hereafter will have to be respond
ed to by the banks, which assume the responsible
{ ity of taking quasi holiday, although many banl
managers think to the contrary.
. In Stocks to-day we learn of the sales Of tvs
parcels of Gas Light Company $50 in one and so i
2 the 0ther) AT the advanced inquire OF $50. iHef
nave aso peeii sa'es y 80 sass u 4 80 :,