New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-17
geh 0rleaas 9aiIu Cresttnt.
Tuesday MORNHyG. MAY17 Isso
Ssm 0rlssrs Abntu Markst.
onEscrsr orncs., No. 10 Camp street,

Monday Evening May ia 1889
The week commences with depression in some
branches Of trade and aeeeerion in Others Cotton
rthesaccounts Of the Sd inst from Europe, wa.
quiet. Western projects wexe somewhat elevated
Sugar and n1olasses abo as strong as desirable
for buyers, and other little items of trade did not an
rearto be affected by the war news IT is surprising
tkat great excitement should se expected to follow
what has been predicted and foretold for severa
weeks. In TIE month of Marco we said that thost
gentlemen" (they are called sa.h in many circles,
in Earope woald be fighting By the 18th of May
They, however, have borrowed two weeks, and com
meneed hossiliies, and it is hardy necessary to al
ude to the adsiees received within the past twenty
four hours, as they were expected.
The Money market opens this week under the
same good feeling it closed on Saturday last. The
calls or offerings at the banks were moderate and
there was nothing Indicative to-day kat the present
good state Of finance was likely to be disturbed. Let
them fight in Europe, the sooner they all get into
the merits of the ease the BETTER they will sooner
carry out their intents, and possibly end their quar-
res by the time business opens in city next Octo
Der or November. Coasols, rentcs and metaques
can decline to nominal figures it will not disturb the
value OF mortgage securities commercial paper in
this market for the time being. Cotton will decline
and That was expected, war or no war, though it
saust be admitted that the king ought to have made
stronger fight in Liverpool, and not let Manchester
dictate conditions. The impression prevails that we
are to have large losses that large quantity of the
Gotten now going into Liverpool goes to weak con-
sigHees- This may be so and may not In all proba,
bility these consignees could have held under repu-
lar and aeady posture Of affairs It is the question
looks dubious. The excitement in England, it ia
hoped, Will abate after the impulse of the moment
has passed But let the worst come to the worst,
New Orleans is tolerable easy if there is anything
to be lost it be submitted to without murmuring
There were Gales on the street to-day of one and
two years mortgage paper at the rate of get, and
some sales of small sums of AL commercial paper at
the rate of u Yet. No are made of war, in
terlarded with the expressions of hard times, etc.
In Stocks there were sales to day of II shares Gas
Light Company at l54 effected, of course the Bulls
would say by war. At the time, they would not
agree to deliver large quantity at the same price
within sixty days. There were also sold 100 shares
Levee Steam Cotton Press at 101-perhaps this is a
war figure There also sold some parcels of Cres-
cent City Bank Stock on PIT; 10000 of Opelousas
Railroad Construction Bonds at s34 and interest. We
note that the Southern Oil Company has declared a
uiNAuSAN "a Q f'SI., Which, Will 10 very Well ZINE
knots are advancing, war or no war, though there
has been considerable stir in some markets in rosin
and pitch for shipments to Europe since the war
poets have frightened up. We also learn that the
philosophers stone has at length been discovered It
turned up last week on Baronne street in the shape
of division of profits by the Carrolton Railroad
Company of Get, termed in financial parlance
dividend. We shall never despair hereafter
The Exchange market did not appear to be much
influenced by the war reports to-day. The banks sold
checks on New York at f2ct. premium. Outside
drawers a@l. Sixty days sight was sold at !, 5@l
yet. dis, down to ll@l4 dis. There were some sales
of Sterling at no. taken by Dealers and 11o4 There
were sales for remittance from 11os@1103 and some
drawers held at Ill. Small sums ruled at ll1sMIl2
That is about five dollars the pound Sterling Francs
on Paris direct for remittance 5OG3@5.05 for bank
and double AL names-extreme ranges 5.l2a0l5O5.
We did not learn Of any transactions in document
bills, but large margin is required on cotton drafts,
equivalent to a refusal to purchase Tobacco docu-
ment bills we quote at los4@lo92, and very small
sums Offering