New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-23
Weh Orleans 4ailg Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Ntu OrIeats Montg Hlnrktt.
GREscEHr OFFICE. No. 10 Cau1p street,
Friday Evening, March %. 1861.


Ffijag Evening. March q, 1851
The general money and paper market exhibited
no change to-day from the current movements of
the week. General fatness ruled supreme, and
before the close of business money lenders seemed
to think their prospects for cent per cent were in
unison with the weather, very cloudy and likely
to be interrupted from general dsintegration of
the borrowing system. Holders of money have
been holding it at such high rates-attended with
very exactng conditions in regard to the quality of
the ink used in writing ways-that many Dor
rowers have concluded to let their obligations slide
till next season, as judicial proceedings can be
stayed through tho usual formalities until another
crop, the crop of 1861, is ready for market The
sales in paper to. day comprised next January and
February acceptances of good make at l0(Gll yet.
with some dealers and buyers DESTROYS of invest
ing, at the rate of S0g0 pct. on securities equva
lent to deposits of bags of doubloons collateral
There is very little doing with the onsoria capital
ists-they call themselves such. They are loaning
at the rate of 1920 and "a get, which is much
less than the same class of borrowers can antci-
pate in New York. where the average rates range
from 2t013O and SO yet. per annum notwithstand-
ing they have usury laws statutes regulating the
price of money.
1t is not of much use to present our readers with
table of quotations. Amy one wanting few
hundreds, or few thousand dollars for legitimate
purposes with good securities in hand can realize
or borrow at some rate or another.
The Exchange market got up so high to-day as
to force large buyers to halt and consider. The
banks were selling the counter at 2@3 f3ct.
premium for checks on New York. Outside draw
ers of AL standing sold at premium. Good and
fair bills ranged from b@l premium. Short sight
within the range of par. Sixty days sight from l
oil and ll(0lb discount, with jockey bills at l&0
2 discount The inquiry and movements in sterling
fell off to-day the market being anguid all through
the day. The rates of yesterday were not availa-
Bile to-day There were sales of clear bills at 1864
1lOG5 and 1869, and fraction over for remittance
purposes. Bills with documents ranged from l053
1853 up to LOG, but something on the exquisite
order to command the highest figure. Some large
operators have caved in within two three days.
1t is surmised that it was Boots who paid too much,
which is not responded to from New York. There
was little done in francs-the rates of 5.38}0D5.2S}
are hardly sustained. This is to be expected. The
rates in New York on Monday last were 5.375@
5335 and bankers sterling was quoted at 1o6}GJ
1061 According to these figures, buyers in oul
market this week have been paying pretty tai
prices, and will loose money unless they can real
ize good rates for their sight on New York.
The movements in stocks were light to-day
Considerable feeling was evinced about the bani
ordinance (under debate today now before the
Convention Opinions are conflicting regarding
whether it will elevate the so-called free banks
depress the old banks or place all on an equality
We have sales to quote this evening, anc
might be excused from quotations, but taking last
sales into consideration, we quote: