New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-10
Utb Orltans 4aIlp Grtstsnt.
FINarcIAL Anp coMnEReIaL pEpARrnRn1
Nen @rleaas Hlonsg Markst.
cssscssr osnes; u. q Comp stree. !, e.,

#s cyttt0 VVtlEalla t1ltuatg astatktt.
csEscssr oyrIcs, No. 70 Camp street.,
Monday Evening Apsii 3. 1850 !
The general Money market opens under a re-
markable apathy, that is, great disquietude may
be considered as forming part and parcel Of the
movement. It cannot be disguised that the "boul
yersmentn last week of a leading operator with
two Or three suspensions, temporarily, Of factors
have had very unfavorable effect on the produce
markets, particularly on cotton. In some respects
confidence and credit have been jeopardized /; in
iact, nnhinged, and many parties having produce
Tor sale, are very chary about parting with It
without something tangible or in the way of earn
est money being paid at once; that ii, the bin il
presented in one hand and the other hand Is open
for the needful, or money. 1t is merely a question:
OF time how long this rule may last or rather this
intended rule But this rule, or requirement. can
not be considered anything more than ephemeral.
| The resolves will be only of temporary nature.
Although no complaints can be made against the
| rule or movement, yet it will turn out like many
resolves heretofore interest will be the governing
principle.
The calls on the banks to-day for discount were
heavy, that is, large and heavy. The income Of
each bank discussed, and that is all that could
be reasonably expected. The banks cannot ex-
pand or increase the line Of discounts is
plainly perceiyable-unIess the mandators intend
to defy the statutes. We have not seen any dispo-
sition of this nature. Il is of no use for people to
remark that the banks have got plenty money.
Undoubtedly they have. We do not deny it, pro-
vided they were conducted on the loose and equi-
vocal system of the banks of New York and other
Northern cities A leading New York paper re-
Gently said that the banks of New Orleans had an
abundance of coin, and could very well dispense
or afford to loose few millions. This shows how
little the banking system of Louisiana Is under
stood at distance, or in leading foreign financial
circles Our banks cannot part with one-t tenth OF
the coin in vault without some stringency or dis
turbance IN the general money market following.
they might this very week extend their discounts
and circulation fully ten millions Of dollars, if they
and n s1s ooo ooo ~ con ooo ooo e t,a f,Ia..s5
~ 10y -
provisions of or han,in,, ~. A.
.s.s. =, ~ seasusea W nov iiaue
sound currency congratulate themselves on The
workings and results Of our system Of finance.
Ehankg. In Tho xvSea d;cn
.,5.1., =. ---'@fl. .--- - =
couiseis WHICH carried THIS measure through in the
memorafIa vear NJ 1910 rharafa.a a..
nieiioiaole year vi te4N. therefore, taose en-
prizes in finance who saw our banka ougIf IN a..
- - ss--.s o1t,eA's - -
'sna i s LOANS expand p disregard 0ur laws and
lose lew muHons OF COIN, are wholly ignorant OF
tho Y,r;p las o,,d t,a a.
M P'pie' t aA0 'io o4uii onieiies VI tug pahhihs
hsrs ana oaa9a ,os we nave the coin
The exchange market opened under some Ian.
puOr this morning. The counter rate Mt the seye.
~ ~
A"i p"nAe ioi oheoAs w NeW Iofh WAS steauy at
an preIu Outside there were sales Mt parIaJ Ie
IA. rl...- - II -. -ir'S -
and dis. Choice names were firm at par(0l-I6
AZ; T1 - - .... y - ~ z. 4,
us. Ihefe was an operauon OF sso,0O0 at these
A1ss'' 80 800 o"isa ~ uis' feiy hstie uohe
to-day in time hills We nuote choicp siytv Siauu
- f - sAey u"S'
at l561l4 dis good l4l1ls, and good to fair from
s5..-fs.L - -
lsWla-Was uoWn 10 l4t01a dls. Ihere were