New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-24
FRIDAY MORNING, JUNE "a, 1859.
gth 0rIeans Hlontu Marktt.

vanced or invested. The prpsent nositiop NJ Tho
money market shows that paper IAN he sold and
loans effected on as low terms as at this time last
year and the year previous. There are. however.
many small transactions entered into bv parties who
have not the dollars or capita to operate IN denend
ing the workings of the machinery Of finance tn
help them ont. While we have from time to time al
luded to investments in the productions for rise or
for gain we did not intend our remarks shouId
to those who have cash in hand or cash -
operate on, or who are pecuniarily in post;on n
meet all or any untoward results. But We nrotest
against Mr.. Jones 1--WE will call him, entering Tho
market and buying up certain kinds of r,rodnc. IN
the extent Of hundred thousand dollars With ~
nominal support Of Mr. Brown-awav in the rear Nd
sent-who appears at the proper time in tho avon.
of the investment turning ont nroet.h, 49, - :.
should turn the other vav he viii ba vi, :.......
In the meantime notes are made based On th.s. T.,
yestments which are discounted +, aonoe ~ ~.
to the preiudice of regular business n... ~
local customers and traders NJ rvt;ch soou
NAV have occasion To comment ~, haraaf.sr NC
are MANY transactions carried tbron1, ~.
which result altogether for the benea, ~ ,;a....
ties. narticn,ar,v for tboao ros;fn l.; par
Missouri and 4 ia cbor,od 49, - .enes'ee ano
boen GRANTED ,.hor ,ooo1 -any Aa,ofs nave
,1pIo,
by some disapnointed annl;con,s n.,,a...a O'..
is gratifying to learn that our oneved
can aid and accommodate the oro.t w.. al
recty or indirectly and keen tho ,oosso W
of commerce and finance revoIv;no >s''.'e.'
We are. however settling down - -.
standard of affairs. and onerat;ons in erora
trade and finance in our citv will for 500 "
worth only brief and short notico ''''' NC
The EXCHANGE market ,,o, do,,~,.o,
nrominent hank rednced ;ts so,nr 49, - uay. a
to sect. nrem Ontoida +ha,a g. ~" VIZ
sight drafts at loa2 s;vtr H., 'ses Vi sooo
first drawers were bold;nn ont f,s Ia e w. my
quote the counter rate for checks al is pra,, nj
buying rate at the banks was from las nre,,iur, g.,
sight, and sixty DAYS sight from Il0Ild;. rv;th
downward tendency In Sterlino tbero ,o.o so,,o
transactions at ITO for clear bills Tho on,ount oa.
ing was yery light. We have to onote 1ooloa11o =.
dealers buying rates, and remittance cnras a. 1,nI
@llO5. There have been some transact;ons j., d.,
ment bills, say about 800 bales cotton at 1osa with
a margin of about five dollars ner hale v;th 100
appliances as regards drawers and drawees W. Ala
not learn of any movements in franc. tbouo ros;.
tiers can be accommodated at the hanks Of NO. os
for sixty dav hills on Paris d;rect >''''o
In stocks the market ia ouiet Holders ,roeou .,
wait for the dividends before se,lino III.
to our knowledge was 5o ebaro, of Cav, 80 su na
or Whereabouts, At snecial meetnn loo.
the Directors of the Merchants, RAM d;r;aa.s ~
S9ct. out of the earnings Of the h.nL 80, 49,.
payable to stockholders on and oftsr a..
day in July The net nrofts of this hon, fos ~.
six months have heen ~ soct ~ ~ 49, W. ."so
Ct u annum on the Maid mn con;taI f 5000 ooo
,,h;ch d.n,onst.,to, ~ oNp-'at = So'Scoo'
There is handso,a suo.essiui movement
,eaz 40 u.on. surplus remaining though there
are losses implied IN some exchange transactions
they do not in the least interfere with the regular
dividend.
Ronds ond RAILROAD sboro, oro =,
nj 1aa Nv a,e III s'aeu quo we DO
mol learn OF transaction We note the sale in New
York on Thursday last of small amount of Louisiana
State skies at o. which il the general ,uototio, ~
tbs time We o1so Ioor, t,at ~ iuo.s''on d.
lea,n .lial 'ne SHARES OF tne great
NEW lorh ana Erie fallroad, which road has cost
about $35 100000 selling at 546 for 800 paid.
This is considerable lower than anv WORKING ra;ro,d
in this section of the country Fororah,a s;.sn
- ".aaasoI,a- oy' na'oiao'e views can
De reasonably entertained OF our prominent railroads.
We are not aware that the stock of any railroad con-
nected with our CITY selling for 81. cents nm IN. AL
lar. No that we have mt W.
we should infer that the great West ought to be
working out of debt than to be monthly increasing
its dependency on the East as annears that
nm New yorl, uv,s ,or,1 l.; ch;as..a -, 49,
49, fA~hA' |
This does not look WELL The borrowing system has |
increased too much throughout the entire Wes+ na
money is scarce and markets TIGHT in almost a,,o..
section Wast of tho Anonho,,, N.,,..t.:n '' es.iy
sec.lon west Oh .the Aiieghany Mountains, which |
ought not to be the case.
The monetary of the Missouri (St. Louis) Demo.
GRAFT of the 18th inst says:
cnrencv 10 in Int rnodoro+o ,,,,,,,..
coming in from the country are M. ~, .ne amounts
Louis traders in the habit Of nayine any, nn ~ b st
debts as sney become due, there is not suffciepcv
OF money LETT here even for the present dull trade
Ihere IS no overtradng here, and matters are in as
healthy state as can be found anywhere, though the
ioi money az present Is IN excess OF the sup
ply ana banks stlll snow disposition to curta : |
indeed, the offerings at most of the hanks yestnr1,
and A.:
thonoh Of others not na,r sn W. ~ ',lei n1oes,
paper will he matnring tho 1st 10 tho IN ,,ra;
after which money matters will he easier Pha mro'
liabilities are that within three months money will ba
nuita abundant troda Iorra on,7 e.. - ~. w
When ti,a haa, ] anu ,inles prosperous,