New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-19
Ath @rleans 4ailp Grsstsnt.
SATURDAY MORNING, FEBRUARY 1s, 1859.
Atw NrItans NGutu Narkst.

csrscEsr orytcE, No. 70 Camp s..sstl
Friday Evening, Feb IS, 1859. |
The tenor Of the general money market is I'M
changed. The European advices Of the 9Th, brought
by the steamer from Galway, have been the chief
tonic of comment to-day Commercially, they were
deemed favorable-fnancially, rather dubious and |
politically, tolerable blue The advance in cotton
comes in good time, and comes very well for ship
ments now at sea.
The calls on the banks to-day were moderate, con-
sdering the magnitude Of operations in progress
On the street and through brokers the transactions
were marked with paucity, and we have only to re-
peat that all good commercial paper and good mort
gage securities are available at from q 81 to 9110
49ct, though the amount that be realized at q
81 is circumscribed. There u.s. however, more paper
to he made the coming month, and buyers will have
good chance. We can only suggest to our moneyed
men, don't regard what the crowned heads in Europe
are doing. Louisiana does not depend on any Euro
mean demand for sales Of its sugar, molasses and
rice.
The Exchange market opened in favor Of buyers
the counter rate for checks NewYork at the banks
and double AL drawers was steady at q 9-l6. At
discount there were several large transactions at
this figure, and five and ten days sight at q dis.
Sixty days sight ruled from II q 2 and 2l dis In
Sterling the market opened so-so-moved along in
favor of buyers and closed heavily at 1854 q 1854
and 1881 a 1885. Some dealers paying the two last
rates and others refusing Bills Of lading drafts
taken at 1919 q 10s for special signatures Then,
again, there sale Of several hundred bales at
l07-a low rate. Francs quiet The transactions
to-day were within $3.50 q 51s3 = extreme figures
being from 5.25 q 5.l64.
In Stocks to-day there were sales Of so shares
Bank Of Louisiana at 16l 100 shares Bank of New
at lO04 SO shares at lOl, and 100 shares Crescent
| City Bank on PIT.
| The movements in State Bonds, City Bonds, Bank
Shares and Railroad Shares have been very limited
figures which do not offer so liberal returns to capt.
tasts as the dealing in commercial paper and mort
gage securities. The vote the increase of capital
of the Crescent City Bank which is to be taken next
week. (say the 26th nst) has checked the desire to
invest in this stock above the par value. The impress.
sion prevails that there will be abundant room for the
employment of all increase Of capital to either Of the
banks organized, as there is no probability of any
more banks being organized in this city for years to
come. There is not the least doubt but that in the
next year, say 1s59-'60, there will be received al
this port two millions Of bales Of cotton There will
be seed sufficient put in the ground this spring Il
yield more than this with good average season W,
safely estimate the foregoing quantity, and witt
corresponding yield Of sugar and molasses all tn
associated banking capital will be called into requis
ton to aid the great and varied interests of our EN-
porium.
/ The following are the quotations to-day of Banl
shares and Stock: