New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-18
Ne6 Orlsans lailu Crtstsnt.
FINANCIAL AND COMMERCIAL DEPARTMENT.
geo 0rItans 1floaeg HEathet.
CaEsoyrr oYrIGE. No. 10 Camp street i.
yyrfi-,asdav roefss-s., fics II 10fi

Wednesday Evening, Oct. u, 1861 |
The laE4e, or rather increased sales Of cotton
since Saturday last, have thrown more money on
the market. With the banks, they have very little
over after b0Tng SOME few thousands Of dollars Of
exchange. Rstfree 81 the banks to-day the APP
plications for discounts were largely beyond the
income. On the street there was something Of
let-up, resulting a the sale Of some n, II and Is
months paper, at tle rate Of t0GJf2 T2et. There
was no perceptible shange il to months paper,
There was no improvements the general course
of business to-day, bcyond the movements in cot
ton. The wholesale, tile jobb5ag, the retail trade
in dry goods and consomitant branches Of trade,
were on the summer standard. There are so naay
competitors, 80 much competition in all branches
of trade, that great division Of sales follows bus
ness from day to day. The large influx Of citizens
for the last twenty days isnot composed of plant
ers and the producing classes. Their wants are
light with the great queen Of trade, dry goods +;
there is great stagnation. The sales in this braaeh
of business are not one-half in amount what they
were at this time last year. and in the coarse of car
peregrinations among the groeers we did not dis
cover any activity whatever: in fact, business was
dull to-day 1t has not opened asyet for this sea-
son. Some special retailers in clothing are making
good sales. We shall have to salt another month
before we can REMARK Oh even lGDutIAtS
ness in all branches of trade.
The great pabulum of commerce, Exchange, re-
ceived another blow day. Sterling bills were
freely offered, and buyers had tbs control. Sales
Of clear sterling were made at l0740107E. We
quote extreme rates from l07101l08l. In doeument
bills there were sales at l06 for small number Of
bales, but it is too low for quotation; the range
is from I0641107, though some established names
- rr,,
sales on Paris direct at 5.22l on other places at
530M525. at 5.25 on Paris good many hundreds
of thousands could be placed. Northern sight funds,
though well sustained, nevertheless were dull at
par. We quote decline from yesterdays rates of
an l. with larger offerings. We quote the counter
rate for checks at par. Outside good sight drafts
at from 104 dis, with larger offerings. In time
bills we note sales of ten days sight at discount;
80 days sight at Holt dis; sixty days sight at
from 1902 and a discount for choice to good, and
24@23 discount for good to fair or so so, and offer
| ings increasing from hour to hour.
In stocks we learn of the sales of 100 shares of
Bank of Louisiana on IT Nothing doing in bonds.
| The banks throughout the country show largely
| increased loans. The expansion is called aiding
| and assisting the crops to market. We do things
differently in the South, though at times there is
good deal said about moving produce, but that is
meant when the produce is in market, and to move
it bills of exchange must be drawn, sold to some of
our bankers and dealers before the produce can be
paid for or moved, so called.
The last returns of the banks in the city Of Pha-
delphia show they have been expanding, or posi-
bly, it may be termed assisting the produce of the
country to ynore to market.
The following figures give the position of the
nineteen banks in Philadelphia at the date: