New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-06
Nen 0rleans 9ailp Gresfent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Ifu 0rIeaus HLuuev MIarket.
CRxgogET GFgTcE, No. 10 Camp stFest,
Ffi1ty Evening, Apr;J S, 1851.

ri
The general money market moved along under
extreme quetness to-day. The movements in and
about the banks in the way of discounts were free
most everything was discounted for parties who
have not applied too often that is, wanting all the
time. On the street the negotiations we're light.
There were offerings of good and AL mortgage
paper at 9G19I Get, which were not met. This
would seem to indicate that these securities are not
80 much in favor as planters drafts on and ac-
cepted by factors, which are in good demand at
from 9lc91o and IL get, that is fall paper, SO
termed, which means maturing this side of Decem-
Der next. Other grades, intrinscalfy as good,
though not CHASING A No. /, range from 10@I2 u
ct. Good and fair ranges from l2015 get. Much
depends the wants of the seller of the paper in
regard to rates. Some buyers are very strict in
their selections. The tonsorial gentlemen are not
doing much; they supply their customers at from
l38l2 and get. J9 month. They are much more
modest, and possess more of the milk of human
kindness than similar dealers who reside in and
about Wall street, New York, and its purlieus.
The most important transaction to-day or what
has taken place for months past, was the purchase
by the Commissioners of the Consolidated Debt of
$22oOOo of the bonds of the city, at prices which
took every one by surprise. AT the hour designat-
ed for the opening of the bids, the following tend
were presented:
Thomas Layton go at 95 per 500 and interest
fa'Grsy : , Co. 50 bonds at $2@g07 7 Pc, 1oo
:. :. 5 bonds at 852 per Bond.
5boud at S5I per bond.
bonds at 6G2 per bond.
:. Avegno, bonds at "a g. 's' '''
J. Avegno, So bonds at S37 Il OK interest.
F. stall and A. Lanear. go bonds at 79o atequal to
This last tender was accepted, being equivalent
to 77a. We regret to perceive some foreigners, or
distant holders, have fraternized with doubtful
friends and have so light an opinion of our city
securities. It will be observed there were few
bidders-seven in all-and the amount offered very
| meagre. II the sellers, or those to whom the
award was made, have any more at the same
price, we suggest that they put them up at public
auction. Of course, it is well understood and
known that the parties to whom the amount was
made were agents for distant or foreign holders.
The Exchange market to-day was extremely
weak all round. The counter rate for checks on
New York ranged at premium down to for
large ticks. Outside drawers sold at premium
down to /. One and three days sight premium !;
sixty days sight 5@l get. discount for choice and
good, and 101ll for good to fair Sterling dull at
1074@1074 for dealers, and 108@l08l for remit
tauce Bills with documents were not offered
freely. We quote from 1069@l07t. Francs dull
at from 5.3C@g5.25 on Paris direct and from $3.50
$50 on outports.
The furry in the stock market, which prevailed
at the close of last week. has subsidized. The shares
| of free banks are in request at lower range of
| prices, which holders will not accept. The direct
| ors of the Levee Steam Cotton Press have made
their third dividend for this year. The old war
horse is in high favor. We note sales to-day of 100
| shares Commercial Water Works at 629 10 shares
Gas Light Company at 1881 In other stocks there
were negotiations, which may reach contracts and
| deliveries.