New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-21
SLEW 0rleaas Mlontu Nlarket.

CRESCENT OFFICE, No. 70 Camp street, !
Wednesday Evening, May 20, 1857.
The money market to-day and spiritless The
offerings In Bank show large falling off compared
responding Of last week On the decline
ia tho which have from day day noted
Market all in ALL presents aspect but moving the
order There sales Of paper igh grade)
@ and at TO- II and II per cent, and Ia per
month The statutes much regsrded-in fact the
regulation Of the price Of money by law affords merent
We the organization Of another for
insurance purposes under the style of Insurance
Company The articles under which is formed will be found
elsewhere We observe many Of oldest and ltaunches
nsrchans and citizens among the corporaors which will give
standing and credit The Board Of Directors Is
composed Of Messrs p Forstal Wilhelmus Bogart G. W.
Logan, , p O. Perret, P A. Ghaud Andrew F. Eliot Il.
Gique 9. G. Claiborne and j. c. BELIZE This fourth
company for insurance which has organized
within the last seven months
There nothing Of note done in sockshe only sale we
heard four shares Canal Bank investment
Exchange was firm to-day. The Banks selling checks
New York at Il premium, and nothing tst to be had
e street. though transactions which would
result in less, aa We note the sales of amounts
of bankers 30 day al cent discount, III dis
count but some drawers held discount an adj
vanced fgnre other good 60 day bills ruled and
N discount Sterling firm 10 per cent for
would 9 Francs Sales
at 5l552h for sixty days sight highest grade No
bills OF iading.
We give below another Of eusons from New York
Intended to the England and for
warded by the Africa from New York Liverpool on Wednes
day last Will be observed how studioasy the writer's avoid
the real position of the cotton Market said Of the
great decrease receipts but good about the present
growing Of which the authors something
but actually know nothing at ALL If English spnners and
dealers depend these circulars exposition the cot
ton trade they will lose money Pray in the common
what they know in New favorable weather
for cotton or in fact what they know growing
ally We believe many parties there bale of cotton
when they see 1t, and that is about all q: e.
NEW YORK. May 49, 1857.
ar per arabia on the 18th umo very meagrs
ther wants and there being speculative continental
the cotton Liverpool for sale there feipht ba
fallen here t. the very low and nominal to sings
extent ut all the southern ports II Is useless tba
hgh prices have not checked consumption, is apparent
porte OF British goods have also decreased demsna
the transit operations loo bales 1t is dcult to n
ions mnee nee e1iss no desire to buy Small parcels are
Line Of 5O bales could he sold cent below the@
m ne weae aang NE past week has been decidedly
of adverse adyices Cotton planting is now over md from s
t IN u If N sne culture we have
spring occurs That few have epaut There has been less
eccaened BY the cool weather during March and The earlier
bartof April In 1855 the the crop 0 was made
ference 10 our circulars at that period You viii otce we
s n eop andss pS9 II July
tegton has been given 10 the delivery present eron ns
have from hose We ae na es rs
ordng There are 10 fears Of navigation during june
field work Will retard the deliveries. N'''A~''
Yours respectfully,
May Currency still continues very sarca III
heavy stock of provisions Of which now being re-
1eved and he light stock Of other produce hand win
the prospect good crops must relieve market I'm
huge but he rates remain as beS5e
The banks are checking the East and brokers al
prem New Orleans exchange dull and quote itnominay
u dis TO lsep14 prem.