New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-12
Nem 0rleaus Mloutv N(arktt.
CRESCENT OFFICE. No, 70 Camp street,

CRESCENT OFFICE, No. 70 Camp street.
. -. ... -. ... Thursday Evening" June IL, 1857.
Although 1t was very quiet to-day among the brokers and
dealers paper yet the calls the Banks rather the
Bank which discounted to-day large and heavysoms
thing which either denotes that there considers
BILE business doing that there is great want of
will not make much difference which horn Of the dilemma is
TAKEN we believe that hoe is to be scarcity of
money There negotiations of long dated paper at 9@19
per cent which all the transactions that came under
observation. 81 4 -..... III 49,.
Exchange moved along quietly There sales to the
amount of $4,000 at sight New York Y premium, and
there sales at Il premium and there purchases at
lower rates There change in time bills and we con-
nue our figures sixty days sight @ discount for bank
ers, drafts and l and Ia for other grades We have no
change to note sterling quotations of yesterday must rule
for to day-say 990 and los for clear bills for remit
lance with dealers buying 99A Bank drafts held at
lODl0A Francs quiet. The sales making are at bl649
5l3s1 to 6. ia. No change in Bank drafts
The movements stocks to day comprise the sale of $50
shares Canal III 81 net and 10 shares Bank Of New
4 Orleans at l071S.
The Merchants Mutual Company Of this city makes
most its business for the year ending
on the 3Ist May This called the annual statement Of its
affairs which believe only the OF the
company the of the the mutual
SYSTEM For be remembered that the Merchants In
surance Company dates its existence far back the
1929 when it was ustered the world joint stock
pany ION which thirty cent only required install
men under guidance of Matthew Morgan President and
the late Antoine Dupuy Secretary The Presidents name
/
se or real estate he entered into but what
of profit instance he placed the Merchants Insurance
Company road profit He assumed the Presidency
the Bank aud by his skill and sagacy he sent the
up twenty advance All the real estate operations
and they large and extensive that he entered into
aud continue be productive We do not to infer how
ever that anything do with the last years. business
the erchauts Insurance Company in the exraor
binary of profits which have been declared its
TONER'S redemption Of the first years scrpsay Of 1855
in the third year operation We congratulate
muny having of the appliances of commerc
the strength and solvent position which the
statement the company to the commercial world
| THE COTTON CROP IN INDIA.
SIX As any information bearing upon future supply
cotton will doubtless be interesting of readers
of the ndyces received at the latest dates
Bombay the different cotton growing regions My cor
respondent By this mail will receive the Bomba
circulars SAYING that prices of eNothitan
whether they under the pehap
doubtful"
Ii unfortunate get accurate estimates for
crop have taken great pains collect information
and startling that fear almost comnuucat
will be great unwillngneSs 10 credit it,
observe that Liverpool circular estimates the NJ 700
bales further calculates Liverpool receiving that
estimate that Liverpool will receive 100000 bales only
and shall give you briefly the facts
u tiles a s follows