New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-28
Nm ORIGINS Daily Crescent ahusday ornmg apr 49, 1859
Nsm Orleans Bulb Crtsfent.
THURSDAY MORNING. APRIL %, 1859.
Netu @rltans Hlontg MarAst.
CRESCENT oyucE, No. 70 Camp street:

CRESCENT OFFICE, No. 10 Camp street, |
Wednesday Evening, April Il, 1859. |
The offe. ngs N bank for two days past have been
very heavy-exceed'1g, at Of the banks, largely
the income and one bst K discounted over half |
N lion of dollars at the last session of the Board.
Other banks have as much paper offered as they de-
sire. Outside of the bark the supply OF capitol con-
tlues free, and competition for good and selected
names exceeds any pre-, .ors pe1iod. We note sales
Of twelve months paper to-day at the rate OF per
cent, the market rang 1g from 7tDs and per cent
The cheapness Of money in our market has elevated
some descriptions Of paper which have heretofore
ranked as fa'' aud good, to choice and good Pos
siby should press stlingency come over the mar
ket reduced scale classification would follow
Our market was not at all '1G1enced by the Euro.
pean advices Of the 18th i1st received, VIA ST. Johns
1t is hardly necessary to allude to the war adyces
| those who believe that war WI not follow all the
great talk regarding it go the same as usual
those who believe that war VII ensue need not
change or modify their actors, for we hold to our
oft pressed opinions, that American interests viii
not be compromised by hostilities on the European
Continent. We merely have to suggest to our COM
mercial and financial community to throw aside and
discard the weekly Tor daily almost they Will beg de-
monstrations and fears Of this European cisis is
only few days since that some teeg graphic dis
patches caused general belief il peace now most
Of the same believers think that war is imminent.
We have not, for weeks or months, had orly one
opinion on this subject-that is, there will be
but we never harbored thought that an European
or general Continental would in the least endan-
ger American interests. On the contrary, some in
terests would be greatly benefited We therefore
regard all the war dispatches, Pecce Congresses, the
movements in powder, .car non balls, MIME rifles,
one and all, with the greatest composure. 1t is a
m ,st fortunate thing that the great submarine At
antic tees .aph never progressed to completion, OF
our community would be kept in cont ,ued state o.
excitement, palS of it, from the rising OF the
sun t. the setting thereof. AS for that excitable
financial and commercial center, New York, it would
be topsy-tr wy the receipt of about every othel
dispatch. The United States has been spared great
del of excitement by the failure of the SUMMARY
telegraph.
The exchange market was steady to-day. The
counter rate for checks on New York ruled at par
Double drawers outside held at par though the,
sold at an iii discount early II the day; towards
o'clock they generally advanced to par. Other goot
and commercial sight drafts ruled at from t04 dis
There was no change in time bills. We quote s. !.
i days at 1@lI@l4 at which figures there were sales
J. though the range of the market be placed so
# TO luciuue loWeI Hsuies, say AsN12. III lolelS
there were several transactions, though not in arg
Suns. Dealers paid for clear bills l09s@l09A, an
two sales, in all 100000, were clo-ed at 1898. Fl
remittance the rates are steady at l095@l09s @l09
There were sales of 700 bales bills of adi-
drafts at 1889, and fraction below and fractie
II above. In francs there were some small sales
or l73@5 1895 121. Bank drafts are held bighe
In stocks there was sold 20 shares Citizens Bar
h. at 225 40 shares Bank of New Orleans at 1851,
shares Crescent City Bank at 1863, rs shares G:
Light Company at 1921, the dividend of three pr
cent, end 1000 shares of Southern Pacific Rai'roa
on private terms.
~ POSITION OF THE BANKS Of Ne,c Orleans Saturdt
or morning Of each treek tie Hh Of September, 1885,