New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-29
geb 0rIeans 9ailp Crescent.
FINAsCIAL ANp c0mMERcIAL pEpARTMErr

carsczsr oyr,cE. NJ. 70 Camp . " !, II,


caEscsar ovrIcE. No. 10 Camp street, 1
Monday Evening aay 70, 1860 !
The week opens under summer stagnancy and
feeling. The calls for money were few, but there
Is no want Of the needful on long or short dated
paper. At the chief bank discounting
to-day the offerings were moderate, the income
was moderate, and, it Is presumed, the discounts
were moderste-in fact, It was general moderation
all round. The general business of the season is
ofaVing to a close. There are very few bales of
eotson to come TO market, lesser number OF hogs
neaas Of sugar, and tolerably good supply Of to-
bacco, provided It is all sent to market. Produce
need not be sacrificed to meet engagements. where
real legitimate transactions can be made q, anrear
as the features OF trade. year ago to-day fac.
tors acceptances, having eight and nine rnotba ta
mature, were negotiated at the rate OF s1aa DIT
The same kind Of paper can be negotiated AT this
time, Notwithstanding the recent pinch. within i.
fraction of the same rate-that H. ON the general
run Of names, comparatively within AaI get.
There Is more competition now in the general
money market than last year at this time, brought
about by the modification Of our interest on usury
laws, which has brought ont good deal Of money
from time to time which otherwise would have
been locked up. II il the current belief among
welIinformed and intelligent nanciers that II The
act Of the Legislature regulating interest had moi
peen y force mere WONG nave oeen no coH'peu-
uoh N tne market 'nat partles having money 70
use womb nave peen inunlereh. ABOUT investing ~
paper that rates OF interest," woula nave advanced
which would have been highly lucrative to the
very few; that all competition would have closed,
INC seaue' Vi winch "oulu nave oeeh possioiy sus-
pensions, no. iaiiures. Inc advantages ana oehe-
nus OF the law nave Deen exemphhed strongly
IN .ne gfea. oss're Oh
oo.ain .ie cho'ce oi inc paper winch mas oeeh ne
eonatea Wthlh the past three months. Inc posi-
nons OF the Danks, oy tne returns made py fhe
board OF currency on saturday, SHOWS tnem 70
De IN good posltion 70 meet an iegt'ma'e Trans
actlons OF Inc season-tnat rs, rom now 70 tne
emu OF tne comnercisi year. refaavensare ehefe
may De some rev Calls ior com, under TURNER
advance IN s'gnt FUNDS on new 1ork or fatner' u
general exchange.
note very good demand for Northern funds
since SATURDAY meridlan. fuliy naH q . miiisn o.
dollars q sgnt anu tine Dilis haSe3 Deen Iaken,
soid and resoid' VI the saies, w note round sums
u Silly asys slSns ~ a's' anotner ainounI, same
hme, az tsct dis sluoooo s'gnt % iraction less
IMAM prems sioo,uoe ~ prem.s and wv wv 90 u
prem, me pahss soid over we counter az prem,
but towards the close of business two banks en-
HANGED the rates to g. II cannot 90 much higher
tbis week even If there s not hale az ootton az
booshead Of tobacco sold. xlso ono NJ tho move.
ments were raoured for a speeial pnrnose never.
theless II il .urnse that there ia more or Iess If
accommodation paper. in the shane of country
drafts on factors and others, drawn at four six and