New Orleans daily crescent., 1859-03-30

Ntn 0rltans 9aiIp Gr.sttnt.
WEDNESDAY MORNING. MARCH 80, 1859.
gsm 0rltans Nluntu Hlarkst.

| cHEscssI oyncE, No. 10 Camp street,
| Inesday Evening, March y, 1850.
| Money matters moved along quietly to-day. The
discount brokers are out Of long commercial securi
ties. The banks have about as much short paper
offered az they desire. There are few transactions
daily taking place in second and third grade secur
ties at from 8, lo@l2 get. y annum There is no
demand for paper maturing in the summer, because
many buyers will be absent and their receipts will be
idle Then again, factors do not assume obligations
maturing before October nevertheless, the line Of
discounts with the banks will be well kept up during
the entire season.
The European advices brought by the Niagara and
Alps do not vary from expectations. The war opin-
ions are made up from reports and conjectures. As
we have at all times expressed our views that com
bat between Austria and France would have very lit
tie effect on American interests. We have regarded
the fears entertained by many parties az premature
and without cause. There is precedent, and we
Will simply ask whether American commerce or
American interests suffered or deprecated from the
war between Russia, France and England? Not a
silver We can only say to those sensitive money
changers and operators, be calm and quiet Let Mr..
Francis Joseph and Emperor Napoleon go to fight
ing, cotton will command the same value-biIls of
exchange based on solids will be readily negotiated
our sugar and molasses will command the same
prices our breadstuffs if wanted for expectation.
Will be paid for, though, bythebye we have little to
spare at any price at this time moreover the river
mississippi will continue to flow from the lake in the
woods to the Gulf Of Mexico, and we can safely come
TO the conclusion that good city of New Orleans
will remain in the present locality. war or M war
Now, we think it is idle to regard continental war
IN Europe with so much fear as many persons do So
our money lenders can move onward and cease their
perturbed imaginations. We are not going to be
affected by the jugglers of Austria Italy and France
The Exchange market was steady to-day. The
counter rate for checks New York with the banks
was prem, at which figure they met all the require
ments Of their customers Outside good sight drafts
ranged from par9ith prem. Double AL drawers
sold freely at the latter rate. The demand for West
ern account is strong Large sums have concentrated
here for investment based on the rates being at 1Ma
dis. Some OF the Western banks have done very
profitable business in our market this season. We
nope they may continue to do 80. We do not care
now much money they bring into market. If we can
furnish them Northern exchange below par we will
do So But the question is asked, what has become
OF all the exchange based the 27O 900 bales cotton
SOLD during the past four weeks or since the LIST inst
ny, 1t Is gone, or rather it is not comeatable But
we may well ask what keeps foreign exchange M in
New York under the very high value for which cot
ton is drawn for? In sixty days bills to-day there
were some sales at l, It@1 dis and 1a@I4 for fair
grade. Sterling was stiff, and though the market
showed symptoms of weakness yesterday, it rallied
to-day and dealers paid lo9@1Os for clear bills, and
lOs{@1os3 for bills with documents The confidence
In shipping documents is increasing. Remittance
rates ruled from l09s@lo93 and towards the close of
the day lOs4@1o94 were the current asking rates,
with sales being closed at lO9. We therefore quote
clear bills from good to choice up to 1Oss Francs
scarce with very little inquiry We quote from 500
@5.174 up to SIS.
In stocks there were transfers of 25 shares Cres
cent City Bank at lO54 sc do. Louisiana State Bank
at l76 100 do. Bank of Louisiana at l7lA, and some
other transactions astir; also 700 do Tehuantepec
Company stock on PIT.