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Orleans Daily Crescent. AND COMMERCIAL DEPARTMENT. Orleans Money Market. CRESCENT OFFICE, No. 70 Camp street, Tuesday Evening, Nov. 13, 1800. hstanding the offerings or calls for disat the banks were large, heavy as is, there was no press on the street or market. There were no sales of paper record. A stray or straggling acceptsolvent cotton factor may be met and then at the rate of 12@15 Bct. Up matters and things were progressing About that hour there was some Bear accounts received by outside may be termed) of a commotion in NewYork. As the houses or branches houses of Brown Brothers & Co., and banks did not receive any advices that ender it necessary for them to withdraw market, exchange in general moved along, low rates. We may expect low rates to some time to come, or until we receive millions of dollars or more in coin. The need not attempt to stir up a breeze If Northern folks want cotton, they go to work and bring the coin to pay for system of drawing bills and selling drafts of credit on the North, authorizing the of cotton, on a credit as it were, has atculminating point. It works very well, well in smooth water, but when squalls atening gales intervene, the question asdifferent aspect. Several of the New York articles of the 7th and 8th instant are on the effects of Mr. Lincoln's election. have but a short time to reflect and methey will know what the South intends fore many days pass; they will also know cotton, sugar and molasses, they must gold hither to purchase them. York Herald, as usual, prates away Southern banks and cotton exchange. that the action of the Southern banks the New York banks to suspend payment Smart, sensible, correct and memorizing of the Herald. His memory is very middling. He says the Southern the New York banks to stop. The banks were forced into suspension by indiscretion, and at the time of year, October, 1857, the banks of New Orleans little to do in exchange-the market for not opened. The panic commenced in by the bursting of the Ohio Life Insuompany, on or about the 25th of August, From that time till the 1st December the New Orleans had very little to do with But the shoe pinches at this crisis at ticular moment, and the South has New Vall street and all its collateral connections and New Orleans holds the strongest on the record. All we have to say at this is for New York and Boston to prepare, if and sugar are wanted. You must be to pay for them in hard money. If these are not wanted, it is unnecessary to make remarks. Exchange market to-day moved along SO-SO. rate for checks on New York ruled at outside, double A1 brought I dis., with other good bills at from I@1 dis. There sales of bank checks outside at I dis., hows an improvement. There were sales one party of $100,000 sight in detached from 11-16@2 and 13-16 dis. Two round one day sight were placed at 1 Pet. dis. not learn of any transactions in time or bills, and have merely to say they are In Sterling the market took a turn drawers, resulting in sales at 104$@105 for with documents, and sales of clear at 5@106, though higher rates were asked for purposes. Francs dull and inactive at 381@5.35, and from 5.33$@5.27f-the latter on Paris direct. necessary to allude to the fact that money markets, Northern merchants, manufacturers, Northern capitalists, in New York and Philadelphia are something agitated in regard to the action of the It has been remarked freely that here in the usual negotiations of sixty days xchange on Northern cities have been circumscribed; that the valued and indisproducts of the South are not to be had mere tendering of a bill of exchange at sight, as it were. Some of the Northern or correspondents of the New York appear to be engaged in traducing, of as usual, the movements in the South, and -a-liner writing from Philadelphia to a New which has been recently started by the would-be pious folks in New York, says heard of an amusing (if it were not for consequences) incident. Very well put it were not for possible consequences.'
