New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-06
Nsb 0rleans 1aiIp Gresteut.
MONDAY MORNING, JUNE 6, 1869.
Wsb 0rleans montu Marktt.
CRkscEsT OFFICE. No. 10 Camp street,
Saturday EIpht. juna 4 la

ANN treek !
Saturday Night, June L. 1859.
The foreign intelligence received this week, though
not of nature to relieve the uncertainty Of events in
course Of progress in Europe to repress the I'M
easness which has apparently prevailed for some
weeks, has had no effect in checking purchases or
operations in great staples OF cotton the sales
since Monday last up to this evening" inclusive reach
25 900 bales, which may be deemed good weeks
work OF tobacco, the sales have not been to a suf.
ficent extent to warrant the name of transactions
until to-day, when some movements were made.
Large operations would be entered into in fact the
market would be cleared at reduction in price, but
holders do not disposed to accede to such re-
duction. In sugar and moasses there have been good
sales for the stock hand and at fair prices With
good stocks of Western productions the sales have
not been large yet fully equal to former years at this
season of the year. The business of the week has,
therefore, been of sufficient extent to cause some
activity in the financial market and commanding
money to be freely circulated. The payments, en-
bracing to-day, the 4th, have been large this week.
There have been three arrivals of steamers this
week from Europe-the New York, the Hammonia
and the America bringing full and copious details Of
political commercial and financial events up to the
21st ult, which have been duly considered but cause
changes in the views of cotton buyers and tobacco
traders, provided they purchase at low rates or
cheap. Facilities and resources are at command to
relieve our market of every bale Of cotton and every
hogshead Of tobacco. Asregards cereals and proyi-
sons have only to note that prices on this side
are much in advance of European markets that no
purchases are making for shipment. Some few small
cargoes of breadstufs meat and lard are being made
for the West India and Mexican markets. The arti.
Gle Of flour is also too high for shipment to Brazil;
consequently the stocks of these products are ample
for the season.
The advance in the season has been marked in sales
of merchandise, say dry goods groceries, hardware
and concomitant branches of trade. Some few deal
ers from the country have been in market this week
which has been productive of the usual trade for the
month of June. The local and retail trade is confined
to daily shopping In the drug and medicine line
there has not been any animation. As the time is at
hand for taking account of stocks, balancing books
and other movements incidental to the closing up the
years business, wholesale Dealers jobbers and re-
taers will apparently be employed for short time
longer, when the summer standard of events will
prevail.
We have from day to day noted the daily occur
rences in the paper and money market To-day there
were not SO many calls on the banks-in fact, the
offerings for discount were moderate compared to
some days of the week. 1t is supposed many timid
parties became alarmed evnced their fears by large
offerings, entertaining views that the war in Europe
will seriously jeopardize our financial position It
appears from daily intercourse and expressions that
that there never was war before undoubtedly, the
remark will apply to many now engaged in CONNER
cial pursuits. There is entirely too much nervous
ness, too much senstiveness at the events now in
progress on the other side of the Atlantic 1t is not
generally conceded that there has been any overtrad
ing in our community; therefore, we again repeat,
that there is no occasion for press on our money
market. We have, however, to reiterate our views
that the line of discounts with the banks is extended
as far as prudence and business justify. The weekly
exhibit, it will be observed, indicates no curtailment
with the amount beyond any former period, and
$500, 900 in excess of last year OF this time.
The following is the comparative amount of net
deposits for five years on the first Saturday of June