New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-23
Uth Orleans Qailp Crestent.
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FINANCIAL AND COMMERCIAL DEPARTMENT.
gsW 0rIeans mIoueg JJImket.
CRESCENT OFFICE. No. ~ Camp street,
MnhdaY Ninht rril % 1871

Monday Night, April a. 1851. {
The war element predominates, but all things
are not swallowed by the movements in, Northern
States and Washington City. We are not frighten
ed, in the least alarmed at the course Of the
Network bankers and fnanciera. The telegraphe1
and that paper, the NewYork Herald, give terrible
figures Of the sums Of money which will be ad-
vanced towards the support Of the Black Republi-
can Government, but it is all in paper and ink. In
the meantime, our bank managers are moving on
calmly and quietly. The offerings for discount
were not large to-day. On the street it appeared
to be very quiet. We cannot expect to have much
more business this season, because our chief sta
pies have all been disposed of. We have light
stocks Of cotton and sugar on hand, and very few
factors expect any further receipts this season.
We have, therefore, only to remark that business
will close about six weeks earlier than usual.
The Exchange market was very quiet to-day-a
deadlock in some respects. The counter rate for
checks on New York at the banks was steady at
par. The cash balances of our banks in New York
are running down very low There was nothing
done outside. If parties desire to remit to New
York elsewhere, they can readily obtain ex-
change. In sterling there were some few sales of
clear bills at 100@lOl. Document bills were alto
gether without demand. Francs were in the same
condition-dull at the low figures of 5.5O@5.4O.
There were six shares of bank stock sold, but we
did not stop to inquire Of what bank.
The Commissioners of the loan Of the Confeder-
ated States were engaged to-day in winding up.
We are asked how Mr. Buckner voted as director
at the Board Of the Bank of Louisiana when the
majority periodically came forward with $3.50, 000
As the minutes are private, they are not opened to
nh liz he o-5 {
is said Mr.. Buckner voted nay if SO, this caps the
climax There are some other factors who say
they had large cash balances to pay and could not
advance, and perhaps felt ashamed to put their
name down for the small sums of $1,000, $1,000 or
$4,000. At the same time we will venture wager
that some Of these parties will be preparing next
month to raise thousand dollars or more to take
trip Northward or to Europe. Quien sabe? We
have no space for further remarks this evening
The Havana money market appears to be some
what exercised. There is scarcity of specie, and
| we'll there might be, as they have introduced the
paper system to almost as great an extent as in
| the States of Wisconsin and Illinois.
| The Cuban Messenger says:
The condition of our money market is rapidly
becoming worse than it has been for some days
past-the scarcity Of specie in circulation and the
more restricted transactions in discounts is very
seriously inconyeniencing the trade in all its
branches, and unless speedy measures are taken to
remedy the evil to considerable extent, the result
must be disastrous. The large quantity of paper
falling due this month and in the early part of May
induces bankers and private capitalists to reduce
their transactions in discounts more than ever,
which will tend to make the condition of the money
market even worse than it was anticipated.
EXCHANGEs-Have continued with downward
| tendency during the week, owing chiefly to the
entire falling off of the demand and the increas-
ing necessity part of sellers TO realize their
drafts. TRANSACTIONS, consequently have been
few sales on New York from l@2 get discount for
good sixty day paper, and on London from 9@ol I.
ct. premium. Paris is freely offering at the rates
| quoted below. No sales of Importance on New
Orleans nor short sight on Northern markets have
come to our knowledge. We quote as follows: