New Orleans daily crescent., 1861-03-13
Ueh 0rleans Dailg Crestent.
geD 0rIeaus Htonev MIarket.
CREsCEET OFFICE, No. 10 Camp stre
Tr,adInv, T.

lay in commercial and financial circles. The feel
ng in general was, however, of Strengthening CON
dence. There was an improved demand to-day
or paper, particularly for planters drafts ac-
epted by factors, and which has been greatly ig-
lored for three months past. Capitalists and deal
srs who took freely last season have rejected the
same paper this season, and the season of making
paper drawing to a close without suficiency of
paper whereby capitalists can make their ex-
1enses, the time passing for investing planters and
others can now move along till the crop of 1861 is
n market. The time is approaching when how
title money will be wanted to aid the community
% sustain its position, which is as yet strong, and,
we may add, invulnerabIe. IF buyers of CONNER
cial paper do not hasten up they will have very
slim chances for investment as the season ad-
vances. Should the great political question be
amcably arranged the money bags will present a
p!cthorie attitude the season out 1t is hard, how
ever, to portray the future of the money market,
under the daily changes, whms aud caprices of
the administration of what was the United States
in the ten miles square Washington City The pri-
vate adyices from New York by mail to-day say
there is growing discomfort in regard to the po-
litica affairs of the country; SO there is conflict
of views and opinions, which may be removed, il
half (only) of the reports received here PROVE
correct. There was decrease in the specie Of the
banks Of the city of New York last week of over
three and half million dollars. This might have
been brought about by payments on account Of
the late loan of the late United States Itdoes rot
create any great anxiety in this latitude what may
be the rates of interest in New York. Boston or
Phi!adelp phia, SO long as the exchange based on
produce is protected. The New York market, az
relates to paper loans and interest has very little
Influence on our flags. In the meantime, the ques-
ton is asked, what will our banks what will out
side holders do with their money, unless they take
broader scope of the paper market? There are
several associations which will add greatly to the
public weal--say manufactures, Ouachta coal
mines, the organization of a line of steamships to
Europe-which will all return liberal interest and
relieve the South of Northern thraldom.
There was good demand for commercial paper
at the close of business to-day. with buyers in
clining to yield in their pretensions-offering to
take at lC@l2 get. for paper refused q week ago.
These figures will be considered high or extreme
before the season closes, for regard it as sure
that money must be seeking employment before r.
sixty day Nc will mature.
The EXcha- ae market to-day had an upward
tendency. The counter demand for checks on
New York ruled at par. Outside transactions were
within the range of 3lG0Gt discount. Three days
|
count; sixty days sight, double AL 15@l4 discount,
with some drawers holding at Il discount. Good
and fair commercial signatures ranged from q "A
0123 discount. The foreign bill market was dull
we quote clear sterling at from l04@l0i} and 1850
1857 and fraction forspecial purposes. Bills
with documents, ranged from lO3 Slo3l up to lea.
| Very light movements in frames: we quote from
| 5.4EG35.424 up to 5.4O-eztreme2, say from 5.5GD
| $40 and rather firm.
There were no sales of Stocks to-day, to our
knwledgc. All kinds are advancing. A few shares,
of Bank of Louisiana closed at 1913. and Citi-
zens was held at 242l, which are all the special
movements we heard of.
| CINCINSATI, March 9.--The demand for Eastern
| exchange continues goodwill snme of the prn-
cipal houses in excess of the supply. The offerings
to-day less than yesterday: in fact, the
smallest during the week. We quote the rates firm
at 4O0ll5 premium buying on New York, stG94G
premium On Philadelphia, and premium on Bos-
ton. The selling rate remains at premium. There
is an improved demand for Baltimore exchange.
Dealers free buyers al par, with but little offer
ing-not enough to supply the demand In few
cases premium, was paid The selling rate is 5D
premium. There is no change in New Orleans,
exchange. and the rates remain at par buying, and
jGl{ premium selling. Gold is dull. The rates are
| J premium buying, and selling.
There slight failing oil in the demand for
money to-day, and under large receipts of cur
rency the market was easier than on any preced
ing day during the week. But while the larger
| proportion OF the discount houses found money
matters easy, one or two experienced an unusual
demand. and the supply of currency very muCh
reduced. Strictly rst-GIass names sold readily at
10 ret, but the current rate for ffrst-caSs paper
mnst be considered y yet Call loans are in fair
request, with an easy market en- the right kind Of
coatcrals at SOLO fBCt.
There is a good demand for rincurrent money,
with but very little Offering. Bankers are free
buyers of Illinois and Wisconsin at f8ct. Missouri
Mt & get. and Iowa at get. discount. Eastern
Virginia and Wheeling banks and branches remain
as last quoted. [Enquirer.
When the scf-constuted Board Of Currency in
New York, through its chairman. our quondam
citizen, George Opdyke, X. 0. s.. and Dr. Nor
gan, asserted that secession could not be carried
out they also borrowed something in regard to re-
pudiation and stay laws. We annex below a cir
cuar from large dry goods house in New York,
which plainly says that in all their large transae-
tions with the South-selng annually, it is pre-
sumed, to the amount of millions of dollars-theR
have not heard the word ''repudiate" from q
merchant South of Mason and Dixon's line It is
supposed Chairman Opdyke, who sold clothing On
our Chartres street some few years ago, and who
aspred to the post of Secretary of the Treasury
under Mr. Lincoln, is satisfied by this time that the
secession of one or more States is fully accom-
pshcd. We regret that George will not visit our
good city this season:
NEW YoRN Feb, 1861 - GeEtemen--As Won
doubtless have learned, the storm proved too much
for US. Our senior after paying for twenty years,
dsbursing millions of dollars finds himself through
this unfortunate agitation, unable to meet his en-
| gagements.
Aside from the extreme pain and modification
incident to such misfortune, it Is doubly so to
men like ourselves, whose willingness to sacrifice
our all to pay our just debts has ever been our
pli1c and ambition.
The worst feature in the present unfortunate
state of things is, "your best friends in our me.
tropolis the greatest sufferers" If the ruin
had only fallen on those who were instrumental in
bringing these evils on the country, the punish
ment would have rested where it was richly
mpritcd. Ours, gentlemen, is ordinary default 8,
You can testify to the prompt, honorable and
pleasant rule that has characterized our business
relations. We have ever aimed to be Just not sec
tional lending no CounteIanCe to the miserable
policy thHt would endorse particular set of polit-
caI views, either North or South, with a view Of
buying favor. Our course, as you know, has been
manly, straightforward and Independent.
In our misfortune we appeal to your sympathy
and justice. We ask you to do what you can for US.
Our assets have passed out OF our hands. and
where notes are not met at maturity we ex-
posed to suit on the endorsement. Several cases