New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-06-26
THE COMMERCIAL DEPARTM I.
sNtu OFleans sMlgreg Nlarktt

y
81 q h Ma CnEscEKy OFFICE, Nc. ~ Camp Street.,
e s35S "Wednesday Evening, June 49, \
On The streets to-day Il was quiet yery litls
the hands OF brokers The OF which dis
,ount on Wednesdays fair offerings IN particular the
Bank Of New Orleans had s75o0o against about the
It's OF course could not te expected
all applicants could $be though We learn
that extreme beraty pervades the views Of the directors
There ave been large drafts for coin ne Baa within
deye past quarter Of million Of dollars being called
for from Bank it's quota to towards
the Banks In louisville NJ
The Treasury department Washington instead OF transfer
ing gold from Northern dcposares to the Assistant Sub
Treasurer city meet the demands against government
which are dbursed through this city, comprise the heavy
expenditures for the in Texas Of which about oneor
situated there sends its dfs the Treasurer in New York
Boston to the subTreasrer here for sale but to
sold than par and to obtain premium for them the
market will Justify To purchase these drafts Of which there
now for sale $500 the Assistant Treasurer New York;
Sl000 on the Assistant Treasurer Boston and $4,000 st.
Louis the gold must be drawn from Banks Torepace
this gold 1t should not in the Of trade find its way
back again into the vaults Of banks the banks the
turn Of business in the fall be tile expense Of importing gold
conduct business Of the city Fortunately the condition
Of banks favorable that the withdrawal Of ae hum
bred thousand dollars will not affect them but the general
position Of the market stringent the energies and
usefulness Of the banks would be crippled by the action Of the
government. g. 51lI ~ e. u 34i=1g Al
do not believe it vas ever intended by the act organizing
the Independent Treasury hat it should be converted into
brokers shop dealer exchange competition adverse
to the interests Of the community We have evidences before
the United Saes Treasurer Of this city advertising drafts
for sale distant cities Just the banker in bills
1--WE dollar broker in long, however checks
be had New York; and good sight drafts from par
4 discount the Treasury Department will find many
buyers willing to draw coin from the banks, and lug about
town to invest in government drafts The Treasury Department
is bound by the acquisitions Of the law 10 send its gold
1T required TO meet the demands against the
other IS violation Of the intent and principles
Of the law Almost person having claim against the
government prefers receive the specie paying
bank like the issues Of the banks of this city always
verte Into COIN than to be carrying gold silver
place to another though Of there others who only
believe III hard money. -,
There than noderae business doing
in Exchange to-day. The Bnnu continue check over the
counter New York at outside there variation
from yesterday Some large Of days Sight taken
dis. and other Short Sight from to dis Sixty days
firm at ~ for bankers drafts, and commercial drafts
from ~ to dscounthe Banks buying their custom
from III to ~ Sterling Bank drafts up to-day tc
ITO and stiff sales made for remittance that rate
private drawers firm at 81 to e for good Time
were taken for Investment at * 81 Some Bills of adna
drafts 800 bales, at s No change in Francs firm
! II 1l2S and but few drawers.
Fac large purchases Of Mexican dollars yesterday
e We believe the order is supplied though at las
lo5 there demand $4,000 American Silver
ow coinage, sold at 9a and small coin
I age at lG211s fHrs
There sales of 1s shares Bank stock in ty
parcels PIT The transfer book OPEN and will nc
be closed many instances before stocks we hear
ofsno Sales and the general stock egarthc dull
The London Times says: I'm
of Messr ye brothers ( Co. Of Shanghai shows hs Il
Supposed The liabilities are deeaed hsn e. Gen
is owing 10 chinese and It appeas not m m9 s
Bile that when the affairs finally wound up the may
4 worse than es above stated. ~ 7si
The senior Of the above house, Gideon Nye was general
considered a very and keen New Englander He VI
originally from Observation-Disclosures China some fifteen
eighteen since, and supposed accumulate
immense wealth. and like many from the Northern States wi
come to good city of New Orleans-gatler together
thousand dollars establish credit more go BAT
to their places of nativity das talk largely abo
New Orleans and the that hev
in possession of almost untold wealth. when perhaps the
sheets would not show surplus Of five dollars With
the last twenty-five years the fate Of the great of
Brothers Co. has been the result of hundreds perhaps the
sands Of houses in the Southwest At the time there
another picture to which may be called There
many who have obtained ufcency Of this worlds gains
with the exception of occasional iaun plac
remain permanently with who live contented happy
respected who act the part Of good citizens and
always ready and willing to support the credit character
New Orleans maintaining Its high perogative in all
attributes Of wealth. fame, credit honor always ready
willing to aid all objects Of charity and benevolence
IS and unassuing way and not puff and blow like Glide
Nye of the late house of Nye Brothers. other
thies who have pretended to wealth in this emporium
TO The mail from New York eday brought regular dates
most important item Of intelligence the decision Of the Ii
court of appeals in the Of spurious stock in the
York and New Haven railroad 1t the decision of
lower court, which in favor of the holders of the oy
issues made by Schuyler The will now go up TO the
q preme Court OF the United States.
The New York money market continued easy Brokers ri
for good endorsed per days mont
and per cent for having four to six months
% The Courier and Enquirer, of the 18th, says
We noticed last increasing of CAPITAL in
street. This continues, from various The poli
questions pending between the United Europe are
Sufclen Importance in the of Continental Europe
T securities This week money has brok
deposit four CENT while street rate further
he cned cent There very little good pa
Of offered outside the banks Loans call readily obane
as, eto per cent, In large transactions at to SO
er, The following from the monthly circular Of Messrs.
~ singh Mummy, Bremen, Of the LIST inst gives
X, market for cotton which is often overlooked @-
on - BREMEN, June l, 1856
The excitement prevailing April has been naturally
month Of May and the United States
in to the coming CROP has been without influence
arrivals from the United States stocks all European mari
lily have been considerably Increased prices DIR mar
sill nevertheless have been fully sustained Imports
1y IL $50 bales nearly all from the United States
ports, 1888 bales leaving stock in first hands of
The total imports since january amount to $50 bales ag
IS 499 bales time last year. Sales exports 1T
a against 4l8 bales during the period in 1855 We
0o New Orleans Mobile and Georgia-Ordinary 1l54 to
Fps Coed Ordinary ia 70 Low Aiddling l21 10 MIDI
las" l22 to l3 Good Middng 1874 to r. Mdd1g Fair 1879
mo FAIR l4i to These quotations. compared with those
Liverpool markets. offer great inducements German spin
for 200 bales from Charleston Blanchard arrived
et condition and will be offered at auction the It'll inst