New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-26
Aem 0rleans Dailp Cresfent.
THURSDAY MORNING, MAY 2s, 1869.
Nsu OrItans Nlonsu ylarAst.
cnnscEs1 OFFICE, No. 10 Camp street,


9tflu G1rlfalrS 1tlDftfII 1tldrkH |
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CRESCENT OFFICE oIricE, Nc 70 Camp street; o,o } |
Business tbis morn;no onened with favorable ;na;.
cations. commercially and financially Towards Noon
IT was brn;ted that several large fsilures had taken
Mace IN New york and Roaton in which onr com
munitv Il wes snnnoeed wore largely interested |
The teleoranb advices read that u.raous T. Rrotbsrs
New york in which bouse tho Louisiana Tebnante.
NOE (,o,on.nv 10 interested boa susended novment
under ,iab;l;fea If 1oroe omonr+ Which ,von,d no
fabulous if thew were ali on account of the Louisiana
Tebuantepec Comnanv. and AZ MANY Of our citizens
are more or less interested in this SUSPENSION. we
suggest to all to await the usual mail advices and not
he alarmed. Another fa;nre ia renorted saw Never
h. Stucken-4bev are called bankers Nov this ia
another great feat Of the telegraph making ordinary
bankers out of ordinary commission merchants and
dealers in tobacco Though this firm had large bust
ness connections and branch in this city some two
or three years past we do not learn that any losses
are likely to accrue to ts agents and correspondents
at this time. It is supposed that the suspension of
this house was caused by Judgment given against
them by i,lry in the United States Court in favor of
Capt John Graham for 5000 0Oo interest and costs,
which would make over ouarter of million Of dol
in regard to advances made on three steamships
one of which steamships the Ocean Bird was in our
mort some three or four years since However. there
were no doubt auxiliary causes which led to the failure
The assignment in Boston AZ renorted M. Field Fow
Ter h Co.. will, not affect New Orleans. though having
intimate commercial connections ha,e An tbose
most deenlv concerned in tbe SUSPENSIONS announced
to-day AZ being holders Of exchange ought not to be
alarmed. Wait till the regular mail comes through
and then the true positions of affairs will be under
stood
The money market to-day moved along Quietly.
Sales Of lone dated-that is. paper maturing next
,s, ss made st the ss ssss @
class anu gooa names W.. M,.d s 10, ~ NY
year The offerings IN bank Tor discount were ABOUT
about onefourth above the income The deposits in
bank are daily declining. The average line will,
however, rule much higher than in any season here
toore at this period The decline in the water Of the
Mississippi banshes all fears of further damage from
overflow consequently, the discrimination in paper
is growing less every day There are very few calls
the counter for coin, and we are moving on u-
affected by the war accounts from Europe.
Exchange was dropping again to-day. The counter
rate for checks on NewYork was 4@s prem Double
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range of the market for good sight from 5-l6@4
yet prem. Sixty days sight was in some request.
We note sales Of $4,000 in three lots, at 1916 dis
Another lot at dis, with fair demand existing for
favorite names at a@l fct the range of the market
running from 5@l to 1a@la dis. Foreign gave way
again. We quote clear bills from ITO, ll0{@ll0a
yet the extremes are lO94@l1os. Document bills
scarce. We quote them at 10s4@lO9 up to 1893
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Paris direct at d6{@5.05 sixty days 5.l5@5.Os2
with dull market.
The following figures were the rates of exchange
for the years As3f-'os at this time:
e,,. IN Nv, way Way 70 1851 ,ro,,,u May sSs
60 days sight; choice ! @,,4 Dis d1tqS
Clear s.eeing 49,. l0s5ss9ii6 los1SNa7Gs4
s s,,is Of Ladng... Is1 gSt1sa ipI @,
There were no sales Of stocks to-day to our know
| ledge. Holders are firm and we do not think thew
will again become frightened. There were seyera
offers but below the views of sellers or wouldbe sell
ers. The dividend season is approaching, and a.
every bank has earned what is intended to divide
there will not be any forced sales. We repeat agai
to ALL do not pay much attention to the telegraph
wires, we have solid basis to go on in our nancia
market.
There was disappointment expressed in the nor
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Yesterday via Cape Race. 1t must be taken into con
sideraion that speculation has much to do with man.
dispatches forwarded over the wires The Canada
advices which are complained of, quoted large ad
vance in England in the price of wheat and in prov
sions say beef and pork, but whether there any
collisions between spectators and other parties VI
are not informed. However, it does not make mucf
difference who obtained the first information of til.
advance in England there will be no money made
through tin fact, exchange and notes of hant
based on investments in breadstufs and provisions
will not be regarded with favor in either of the bank
of this city; consequently, flour and provision ex
changes are looked on by dealers with the creates
scrutiny. There were reports current to-day of al
unfayorable nature regarding some exchange draw
here on New York. AS the bills will in all probabil
ty be protected it is unnecessary to alude to then
more explicitly at this time. But the impression
that large sums of exchange would be returned, ar
not corroborated at this time and the partial frgh
which prevailed last week and the week previous ha
been removed, and exchange transactions are movin
along with the accustomed regularity perhaps to b
acted on again by the next accounts by the impulse
and excitahle temperament of many remitters. dea
ers and traders.
W. &c.,. ,,,-. 49, r,IIo,,;,,,, -, - !,