New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-15
0eh 0rleans Duly Crfsfent.
FINANCIAL AND coMIRRcIaL DEPiRTmEa;
Nen 0rLeals 5Iqlleu Markgt.
CaKsc1HT OFFICE. No. 10 Camp street,
Thnrsiaa EYenine March IL. 1851. !


The tone of the money and paper market to-day |
was of quietness. Itmay be aptiy observed there |
il no paper market. Owners of money 1--WE speak
of owners Of money the same aa we do of other
commodties) do not seem inclined to invest in the
general run of securities or paper now offering.
They desire the paper of those houses which have
anassed competency by granting their names TO
hundreds of thousands of dollars on crops to grow,
and who were not within the last decade OF years,
in stronger position than the issuers of paper
now classed two and three, and which may, in the
course of events, achieve the high position of Al
and favorite. Within the laat ten years, millions
of dollars of paper have been taken by dealers
and capitalists, which at the time was relatively
not whit stronger than the paper now considered
AZ and 3, and at which, when offered, not few
dealers did turn up their proboscis. The season
is rapidly passing, and if parties in the country
cannot realize money as heretofore, they can go
home and prepare their crops for the present sea
son and rest content till autumn, rejecting that the
| borrowing of money for travelling purposes or in
vestment in lands and negroes, at high prices, is
| an unwise policy. ..1
CAPITALISTS, however, have other chances beside
| investing in commercial paper. They can come
forward and take the bonds of the Opelousas Rail
road Company, as good security as any IN the
country besides it will be rendering great service
to the dearest interests of Louisiana and the South
Or they can take the bonds of the Confederated
States, which, by the bye, have not as yet been
placed on the market, and it will be time enough
to talk or consider about them when proposals are
| issued by the Secretary of the Treasury OF the
Confederated States.
There we're advices received to-day that the
large receipts of coin at New York by the Etna
and the Arabia (the latter due) we're in part fol
account of the Bank of Louisiana and the Citizens
Bank, each of these banks expecting s5oo,0
The exchange market opened $3.50 to-day. A.
a large dealer observed good many operation
can be carried on under $780, The demand 10
checks on New York at the banks was lght-yer
light, Par was the ruling rate Outside, the move
ments ranged from to / dis. Three days sigh
amA dis. Sixty days ranged broadly. First elias
bills were taken at l1@12 dis. Other good bills
from 2@2I to q discount. There were all sorts q
prices, from II down to q discount ANY, ever
bill, both high, medium and low, may be prompt
paid, cashed in New York. Foreign exchang
tends upward. We note sales of clear bills at lu5
l05a and 1885, and fraction above for speci
purposes. Bills with documents have enhance
and sales to-day ranged from 1033@lo4 to l04
the bulk of the transactions being the average
lo4. The movements in francs were light, wi
very moderate demand. We quote an advant
Good bills on Paris direct from 5375 to 535, t
extremes of the market being from 545 to 5.35.
In stocks, we note some transactions on T.
Holders are asking high prices. The only actt
transfers to-day, to our knowledge, were fiji
shares Mechanics and Traders Bank, at 80 nj
and fifteen shares Bank of New Orleans at 923.
POSITION OF TIE BANKS OF NEF ORLEANS
Saturday euer lrss, commencing t5h tff HN4hcid
commercial yor Of tie city tie LIST day Of SEPTEMBER Ii