New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-10
y&h Orleans Qatlp Creseent.
FINANCIAL AND COMMERCIAL DEPARTMENT
geb Orltans 5tlouty Ntartet.
CREsngHf OFFICE, No. 10 Camp str

at,}
Tuesday Evening, April Q, 1851 :
The Money market opened this morning under
some degree of quietness. The movements in and
about the banks were confined to offerings Of paper
for discount with tenders Of exchange. The ten
dcrs Of exchange were in excess of the desire of
buyers, and the general exchange market through
the day was heavy. After meridian the telegraph
brought the expected intelligence from the seat of
war, Charleston harbor, and there was no desire
evinced to move to any extent for the balance Of
the day. Some few sales of paper were carried
through at the rates Of yesterday. They were Of
too limited character to influence rates. Though
some lenders were moved by war reports, yet
there was disposition to take good and AL paper
at the rates of yesterday, particularly cotton and
sugar acceptances.
The weather continues remarkably favorable for
the closing up of the planting season. The ground,
far and near, is in splendid condition. with suffi-
cient ground being prepared for and planted with
seed to raise crop Of five millions Of bales, which
will relieve our Atlantic friends of doubts re-
garding the supply Of cotton.
Some of the Western and Northern papers say
there appears to be general suspension Of bust
ness in the Southern cities, excepting in cotton.
These wiseacres do not understand that cotton 10
the Southern cities is amply sufficient to keep the
wheels of commerce going. There has not been
any falling off in the business of the South further
than what has applied every year-that is, a gen
eral decline follows the termination of receipts of
cotton. Here in New Orleans business has been
active continues lively, with large stocks and large
receipts of Western produce, attended with brisk
sales, as the features Of this month Of April. In
some of the leading towns of Virginia dull and
nanimate state of trade prevails. If Virginia had
seeded, as she ought to have done four months
ago, her mercantile community would have at
this time been in an independent position. Her
banks would have been taking preliminary meas
ures for resuming specie payments. But we re-
greet to have to remark, chow are the mighty
faen!" Virginia, with suspended banks, hanging
on the car of Northern freebooters, well may the
commercial writer of one of the Richmond papers
suspend his weekly reviews. For the information
of those quonaam friends of commerce and trade,
and who so often delight in their filings towards the
South, we have to inform them that in this city Of
| New Orleans, the present commercial year, the
sales of agricultural productions alone foot up one
| hundred and fifty millions of dollars. Therefore,
it is reasonable to suppose that we in the South
getting along as well as could be expected; that
our merchants, planters, mechanics and resident
|
sired, and far better than Northern and Western
| folks are aware.
Money is in good supply-real money, not the
paper currency of Black Republican banks, anc
cheaper than in any other market, except one, OIL
| this continent.
There was very dali Stock market to-day
Holders have no desire to sell in fact, the general
belief now is that the most Of the bank shares are
in the hands Of stronger parties than heretofore
There arc no bonds Offering. The City Council
through its finance committee, is in the market tol
the purchase of thirty thousand dollars of the
bonds of the city, issued to the Pontchartralt
Railroad. Proposals will be received until the lSti
instant in conformity to notice in another column
As VIC said in the last sale Of bonds, all disposed II
sell cheap will hand in their tenders.
The Exchange market is under breakdown
Foreign fell off to-day--clear sterling receded
1O6}@l07 and lO5A01lO6 and l0G4 for documents
Remittance rates for sterling ranged at from l07
and fraction over Francs reeedel 1@3 f}G
right Down to 5.371@5.275. 100000 and l00,0t
were sold at from 5.37l@D5.3O, and something mic
at 5.275.
Northern funds were not so freely offered, "
the demand was readily supplied at from Ia
premium outside, and premium at the ban
conntar Pound snms outside were taken AT
uo'"'o' =, i'ou"O 1ui'' :s7 $500 W. 49,.
lime bIlis were ohefeo WIN ireeuoih' we quo
Al IG1l discount, and good to fair 10Dlb and
discount. The tiger is about in some bills AZ
9oino '"4s 0p''" ~. '"l l'0l ~ ~
corner OF camp ana drawer nave got pi''eh
sterling within a week past; they would not TAX
our advice, no.
NV ~" VI L q '''' VI '''c AZ ''''' 0"''
This mas been an extremely au'l Gay eVeryWher'
Even the award OF the he" loan mas lalled 10 III
part any activity to the money market. Money
as abundant rs ever at 100 get, and paper WING
few weeks since could not nave been disc'uhte
at all now finds purchasers at so yet Moneye
men expect 10 STE call loans tl'S summer GOWN
V5ce' ,,,,,-at ,,,- ,,on7,,,
Tassday az are 9Th more Obvious INN hey TsT