New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-17

s ,sS5 California per cent coupon bonds ~
The following extract from money circular forwarded by
Persia the 9Th inst Happesrs that Railroad Com
psn:es do not meet their interest promptly:
NEW York. Tuesday, July I, 1857.
operation and contrary public expectation the for
s hl m By
disbursements for interest and dividends due LIST July we find
a is during The WEEK. Owing
this n but X as Been as
reaction in the stock market and the rise (Which is very great
California State Bonds expected remains unpaid
The and Indiana Railroad first mortgage coupons
bonds issued favor Of the Pittsburg and steuben
r ankns company wheh has ngefe
snsd b Sss 70 h and fs Ct s sas
valid and the claims the foreign creditors those
If Nss The ey q ss
under plea Of ury the court held tina, the
according the laws of England and that consequently the
plea of usury could not be sustained.
The following which take from the Francisco Price Cur
the June, will show that the FL Dorado of the West
has finally broken down. far merchandising is concerned
California, like all other places starting in hurry impulse
of does Not offer any encouragement We learn
hundreds of citizens who went from here would be glad
return and many regret the they left the Crescent
City:
The leading the past fortnight has
leading of merchandise having held day day
to an extent not at all hitherto this year OF
natural the past four or six
months which have endeavored picture
abroad the departure of steamer When add
ever the market sgnaly failed sand the severe
which subjected and that for almost all descrp-
staple merchandise have steadily declined
aps of who disposed
croakers and show them the California market has
broken d0wn--we had almost said for good.
1t merely, however, the decline for goods
to point in instances much below the Of i'm
that particularly claims
present moment Flour grain coffee sugar might all fall be
low paying price and harm done: but the
instance the has accrued much from surplus
stocks disagreement interested operators from
positive inability place goods the market at ALL Thus the
of ALL and shows how utterly unstable the which rule
for any class OF goods i'll this city at present.
1t is admitted by alive have not met excepton-ta
been dull in Francisco
three years past during the fortnight just closed and
cal affairs looked In the gradual descent
bad the generally ceptbe that
is har, fortnight is duller than its predecessor
this however, has proved exception in addition
general dizziness the specuaons which engrossed public
ton during the spring. and which appearance Of firm
il of activity the ma ket have all given
evil of dlness depression is added II
therefore that parties who have held through
months of declining trade begin to sicken of the
conclude that further struggles only
and had better be Our local readers will
how there who present in this position and VIII
| feel this.
And yet with market growing duller and less proitubl
month by month"; aud by the mania for Shipping
goods this market still continues and the
York and Boston free from feet of vessels loan
for Sun Francisco Clearing at the rate of dozen month
their births always filled at and despite all advice
from this side goods rushed in pell nell
tat in many instances will return prime We
shippers abroad hat the intelligence brought by the las
mail Of the number Of els the berth for San Francc
caused universal feeling of establishment here and cae
forth unanimous condemnation for the folly of the whc
pursued