New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-21

Cnxsussr Ofricx No. 10 Camp esrsei, I
Thursday EVENING. May 20. 1865. I
There eatsy the paper market to-day.
Capitalists money lenders have ed from their fright
regarding cveors and os The encouraging accounts from
s all sections Of The cotton growing region Head TO the belief
with ordinary there will b NO famine in cotton For
plsntsions dsvoed without any her
breaks and esti iug the growing Of
ye By innndato cannot exceed s0O
hhds Sugar The far advanced that
any further increae Ia the volas Of water The
sdzics daily by telegraph cntradctosy IN the
Que hour have adviees Of rise Of half
uch perhaps ineh the nsx hour advised that
she "a is IN twentyfour hours We do place any
reiizncs on aecouut Individual
lec4ts sick spinsr Of wood the ieves. and slight
forthwith the telegraph i called into
regulation the vastly important nfofmasiou has the
river has varied II inches could BE- turned into Feet
the information import Tbs present prospect
n We shalt this and the injury already
sustained d nefions AZ IL might be.
The money market freely supplied today and We note
hs paper long date. rather loanu
1t tie psr through party $2ao0 CONNER
eia pager by noohsr 10 per small Of arepcc
sK eaHher AZ cent with 10000 Of good aud
10 q II There little short time
psper son outside kshey take all good
.urns nsids q % days and dzys take Of and
months.
Iu SOCKS We note the today Of
81 shsrss RANK e New Orleans at.
y .ss,s s e us ss n, ssn s, on = Z, 7.
E,oo fasarspcs scrip lsdn Company, on PIT.
There we're largo offerings Of Exchange and
largely in favor Of buyers whes compared
% the rrsess The banks asking y discount
and Y checks New York This does apply
% ali As some Of ii I'm held al par
Bankers n drafts taken freely at VI = a per cent
Discount slight discount sixty days sight ~ ok
Of hills be had the insis hgurs
Other gped bills ruled from TX % IN and cent dis
count In foreign heard Of Of STERLING with shipping
aocunen> At H. which decline the however, range
from st ig7 q lgx There we're sales Of clear bills at
los a sx aod sse for selitAnce 81 los aud fraction
We quots from ue a lU94rahe broad
FOR private bits The Bank Of Louisiana Southern Bank
to9x there small transactions
kzJ< - 5lsa aud bank dratss 5l5 "a 5l2k An abundant
supply Of All kinds. and likely 20 be fcf days
Oar <drcss from New York todsy 70 The St inst The
sxshAa&s market dull and though leading drawers
Ioa not qposabIe though 100 "a iosk
ard Ioez< we're considered Francs SIS "a 5l21s
per X per psemian. About <10ooo have ben
snx@xsd per prem. Tho AZ cents 4 premium.
asd hs per esal premium with small sals at u
Pr cent The PSF cents are Is "a 5oc discount
PRICES IN 1851.
recent meeting Statistical Society, London Mr.
Hswmch real paper con the history prses in 1851
Ths author BY observing that HE object
trace Of the commercial dsfansemen do
rspxemeat which than any record bearing
ressksble similarity 20 that Of liza The peeu>r Of the
recent was preceded by any Of
which had t other commercial pncs Of e
present eensy There had been bad harvesis bnt The
good there was great dcafth q com
nodies used 10 manufacture there dfzin the ha
political dsrangp publ credit yet all
The fabric az seeming prosperity which had been hui
upan borrowed capital fell 10 the ground For the complete
Illustration Of sreci Newmarch referred prices
e. the different articles food manufactures
last years and he exhibited large diagram
wblcu the prices marked in tabular form, compared
with the 1855 which he placed The an,hos said
years isis49 cheap years aud 1851 With
which she table comnsleed for low
prices 1855 the effects gold discoveries baxsn
operate prices which In 1853 For the closing
prospect Of with Russia tended prices
through following here general
dcncy advance A. the commencement Of 1857
generally range 81 prices with strong Indications Of
thsf rising higher This Of thpgs Strengthened
ea-l credit md those who had goods 20 sell readily
Increase capital and tempted
embark IN speculation but when autumn there
zaddsn ow given The trading borrowed capital firms
f credit cond be abtasrd and then the false
cn Of trade which had been carried for ave ak
wildcat capital to support IL fell TO the ground.
The table showed that Ia the middle Of last there had
hesa ne in the prees Of eonlmods but that IN
ths course Of seven after maay bucuaons generally
vim advancing tendency prices have settled down. At the
Vss Of ysar which these prices had
eseursa che qaaaty Of gold and silver had been in
osuesd into tha commercial world amounted
which Increase Of 10 quantity
sold IN the eennsre. world M 1888 The such
siAffs smoan Of gold might have supposed would
have produced effect 10 raising prices yet
tct y thcrNie That the author said. his rsl PROPOSE
non H second that ths fall range Of
prices Opposition % the natural effect large insx Of
soid % BE- accountable BY the operations Of capital
credit he 'hn alluded the facilities given advsniarsrs
for e-sias on tass ssealAons By The readiness
they eetsnsd aiseonn Of the pAne The
alleged fluctuations IN the erouaon notes which had
ben assumed Of the disturbing causes was shosn 70 :,
f-acioa' By Inference to the average circulation during the
last yeA which exhibited remsrkshls ste diness Kx
elusive AZ Ireland The 1851 amounted % %
raiions In 1885 10 "a millions 1850 81 millions from
Which frae the aonnt has scarcely varied The
dpFsg the years great change.
In 1851 average 81 per cent 10 lass Is DER
ssut Ia ls <5per esnti in January 1857 60 per cent
IN Dseebsr IS par Tho commercial
CRISIS NJ Snrnafch said be found variations
In e ssts Of sts 81 dlscornt 50 oe could
x<f their bills discounted al wall bat ~hea prices
f-i< dculi-a IA he u accommodation
tben the syssn n fasett&apE end Why had
soaned iong. be attributed 70 the gold discoveries 10
i4'4 which bad sysa s'uaauz 70 speculation, aud
h<1 eHssd sdsfniass carry The process q Borrowing
it> Of the war and other dscousgng u0nepcs Mr. New
sfeh nsiesd tbs opinion expressed pecal
ist ths the gold lcossFirs 81 Australia have
fhe ~esih Of The world fran which opinion entirely die.
s1Ise fo iuaax Of gold given 20 caisrps lie