New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-21
Weh Orleans luilp Crestent,
ANN COMMERCIAL DEPARTMENT
HaW 0yleans IEluneu YfIarhet.
CREsGzTT OFFICE. No, 20 Camp street:

The general market moved along remarkably
wei! to-day. Cotton, exchange, Western produce
and all =eeu3.d to be in unis0n with the weather.
In She money and paper market it vas rather
quieT, and greatly aYeTae to holders CT money.
The offerings and calls at the banks were
light, considering the income was rood Ifs7E
have been refn=15s If mo Tire Eate OF IL get.
fr5r long Gated prirns commercial paper; borrow
ers of stan5ng and credit are unwilling to 60 over
10 T3ct. Mortgage securities, IN small GUMS, are
taken at from l09l2 Bet The supply 1 money
continues free for all legitimate purpo9es. TIC
strengthen the position Ct the banss if there was
any such thing as Strengthening required, two
banks have now one million and three quarte-s Of
dollars en- route. One orier for 100000 was
forwarded day before yesterday to View York;
another order for 800 600 in sOvereigE5 has been
some time on theway to London; so It appear3
that the two ban..s (Citizens' Bank and Bank OF
I0csisiana) are placing themselves on real war
footing; they were we'll prepared before of
courae, the old State Bank is prepared Ne are
not positively advised what Gen. Boots, Of Camp
street is doing. There was some higgling going
on in exchange yesterday, but whether the General
vas the party designated, our ariel vas silent
II e movements in ard about the fee banks pro-
guessed smoothly. They keep in strong position,
at the same time discoEnting all goo3 short-dated
paner There are renewals going on at all the
banks which will prove as lucrative to stockho!d-
ers as though new paper formed the oasis OF the
discount line. The Exchange balance Of the seve-
raj ba4ka continues well up, now approaching
$ll 900 $50.
The movements in stocks are few ana Tar be-
tween, Folders are firm. The only sales We heard
Of to dag was 30 or 60 shares Canal Bank at 1903.
Shares Of Crescent City Bank have advanced to Is
ais. Bonds and miscellaneous stocks are mac
tive. One of the New York papers is jovial about
the decline of Southern State Bonds, overlooking
the depreciation Of the Railroad Stocks and New
York Stocks asserting that a large sale OF Loul-
siara State Stocks were made in this city at a
treat sacrifice The only sale of State Bonds made
in New Orleans for months past was tWenty-one
bonds of $1,000 each issued to the Ficksburg and
Shreveport Railroad, and these brought more than
any New York bonds would command in our mar
ket.
There was something Of an improvement in Ex-
change movements o.day. 1t applied, however,
only to foreign bills and special transactions in
some grades Of sight on New York. The counter
rate at the banks for checks was t@3 discount
double Al drawers outside held at towards the
close of business. We quote at from 3@g, several
| transactions being carried through at the lattel
rate. Sixty days sight 2l@23 and y down to st
Bankers Al on New York was held at f(gg2 get
discount: but these are not quotable figures W.
merely allude to them as showing the upward pre-
tensions Sterling advanced. Dealers paid io33@
| 1881. and some special orders were filled at l0l@
l04y. Bills with documents did not feel the up
ward tendency so strong. Sales were made at III
and lOl1. Francs were sold at 5.473. We quot
from 5.GCMj.55 to $50 as the rates for good tt
prime bills.
Our dates from New York are to the 18th, whie]
say that
The money market is without change. Som
| failures continue to occur, both among houses II
the Southern trade and among houses which wer
really ruined in 1887, and have since been strug
| cling along in the hope of better times. But
| seems to be expected that fair business VIII D
| done this spring with the West and North.
| Foreign exchange is dull: rates tor banker:
bills are about lO44@l04B. The market Will nc
fairly open till tomorrow.
The decline in the stock market notced yeste
day brought in some fresh buyers TINS morning
The recovery in prices which ensueu was ASSIST
in the afternoon, by news that the sup-cohullt.t
of the Peace Conference had agreed 10 report NJ
Guthrie's plan of compromise, with a condltlt
Stimulating that no more territory shall be acquire
without the consent of three-tourths OF the Senat
This confirms the private advces of most of Il
leading brokers, and may probably be consider
the first practical step towards settlement OF t
pending political difficulty.