New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-02
Asu 0rleans 1aiIp Gresfent.
THURSDAY MORNING, JUNE 2, 1859.
geh 0rltans Mlonty Nlarkst.
Wsdnsxday Kuer.inxr lima 1 lQk

CRESCENT OFFICE. Camu street.
Wednesday Evening, June /, 1859. )
On the part Of our money institutions there was no
disposition evinced to-day to enlarge extend the
line Of operations The offerings for discount were
largely above the income, indicating that not only
some but several parties have got Off soundings
possibly it may be precautionary measure the
part Of many depending on bank movements to pre-
pare in advance, and press strongly for favors
than they otherwise would were the distant elements
of trade not SO much obscured. But results partially
at light seem to warrant surses that there has been
some over-trading oyeraccepting, undue advancing,
followed by short returns, which will of course, be
COMPOUNDED with and charged to the war in Europe.
There were some unfavorable accounts announced at
a late hour regarding further difficulties in New
York that more suspensions had occurred of which
we shall have full details in due course The cores
pondence by the Asia from Liverpool was received
this morning. 1t does not read satisfactorily. We
hope for the best, but suggest to all concerned in
European affairs to prepare for the worst. general
war will, Of course, be used detrimental to Amer
lean trade when, in fact, many interests connected
with commerce and agriculture will be benefited by
general tumnlt-that is, if it lasts long enough.
There was very little done on the street to day in
| the way of discounts sales Of paper stocks. A
few small transactions closed in paper at 80s3
get. There is very little Of choice paper afoat
Three and four months dated paper is not required
There were some small loans to be had on the usual
mortgage terms at S@sa get. There is no diminu-
ton in the bills receivable Of the banks and though
under large calls, many favors granted to keep
the wheels and machinery of finance moving. The
line Of deposits show gradual decline, which will
continue for some time to come
| There were some movements in Exchange. The
counter rate for checks on New York was prem,
with some of the banks holding and selling at /.
Outside drafts at and three days sight taken
at 51A get prem. Sixty days sight /, l, Ii, 14@13
discount The inquiry for Sterling continues fair.
| We note purchases by large dealers at 1884, 1093@
| ll0t. The remittance rates rule at l104@llO4.
There some little doing in francs. We note one
sale of 100000 at 3d. with bank drafts at 5.06{@
5.029 and 5.00-extreme figures from 5.12405.00. II
war is going forward in Europe it is best to let the
world know that we can get along in New Orleans,
war no war; that we do not altogether depend on
Europe, Asia, Africa for existence and susten-
ance so it is Of no use for our community to be
watching the telegraph wires from sunrise to sunset
let it be known there is little independence in
the Crescent City, and likely to continue, if hus
band but it is too late with some par
ties talk of taking in SAIL the hurricane is shadow
| ed forth in many respects.
The Stock market is quiet. The most important
intelligence announced to-day in stock and bond mat
tiers dividend of get, declared by the Direc
tors of the Pontchartran Railroad, payable on til,
10th inst. We embrace the present occasion to vel
come the return of another truant. The old Pont
ehartran the third railroad organized in these Untet
States has succeeded Three years ago the stock o
the Company was knocked about at 1876 get. dis
This is the first dividend since the year 1858. Bu
stop, we do not intend to allow our old hobby to gel
off with compliments. It is suggested that the rate
of fare be now reduced to twenty instead of twenty
five cents. That large share of the present proprie
pretors will realize great profit at twenty cents,
the stock did not cost them average over sixty
cents q dollar The present dividend is about equva
lent to about l3l get this value, and % get or
the last sales Of the stock. If the Mexican Gulf Rail
road pay 9@lO get. for carrying passengers 21
miles for fifty cents the Pontchartrain ought to carry
them So miles for twenty cents.
EXPORTS OF PRODUCE Of The gro,e, and production of
United States from the Port and Ne Orleans fol
tls rf.rs uG, tJs9 IN lfur.b