New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-09
Nem 0rleans 1aiIu Gresfsut.
THURSDAY MORNING. JUNE . 1a5a.
Astu OrIsans HIonsu Hlarktt.
CRESCENT ory1cE, No. 10 Camp street,
WefnS4d ay EfSht JuDs fagf

wedne4day Night, June 3, isss
The movements in paper and money to-day did not
denote the least semblance Of press. Lenders Of /
money and buyers Of paper did obtain an advance in
rates this advance, however, had no effect on real
rstcass Or selected signatures az they are taken at
s083 Get, while good and sound names, without
the prestige of fame and partial emnence, but intrin
sically good as the choicest could not be neg0ta
ted at a lower figure than 90l0 fct.-at the inside
figure there were placed 5000 and over, which,
with other transactions made fully 100000 Of sales
in paper to-day. The offerings in bank for discount
were twice above the income; that is two for one.
This is not satisfactory feature Of trade at this
season of the year. with large returns in the aggre
gate for cotton, sugar and molasses. The stock Of
cotton is greatly below last year at this time this
precudes any large receipts from sales of that staple
while the other staples have been about accounted for
in full. However, we shall move along without any
stringency through the summer, though croakers
may continue to pirate about the effects of war and
the continued drain of coin from the great center
New York. 1t is, however, in proof that much spec
ulaton has been going On in provisions and bread
stuffs and, probably, there is considerable paper
aloat based investments of this character. It is
hoped that traders, operators will allow the bag
ging and rope market to move on regularly, and
though the prospects for large yield of cotton
at this time very fattering, it is premature to raise
an excitement in the bagging and rope line Query,
can dealer in paper discern baggng paper when
placed before him, rendered for sale The tobacco
business appears to be under great depress at this
time Wouldbe buyers say the weed is held at too high
| prices even with favorable freights and high ex-
change, the weed is in about as dull state as the
greatest Bear could desire. The Bears, however,
will not come to the figures asked for the present.
Therefore, it is suggested to the Western traders do
not draw too heavily on shipments hither.
There was not much done in Exchange to-day
Two round sums of sixty days sight on New York.
were placed in bank and outside, say in all $70,O00
at yet. dis. The rate ranged from 39E and 10D1t
dis. Sugar drafts from Havana do not stand so high
| or command that quickness of sale as heretofore.
The counter rate at the bank for checks on New
York steady at prem, outside the sales ranged
from a@9-16. The demand to-day all round, was
limited. Our banks will their specie reserves
though there may be demand from Memphis and
other places they have cotton nor large stocks Of
other produce to send forward just at this moment
True they may send us large or small sums of time
drafts 60 days to 100 days or MORE that is choice
and selected kites with long tails for negotia
ton, to be negotiated for Exchange. Our Ariel in
forms us there was negotiation of 500 900 few
days since of this nature
In Foreign Exchange there were some transactions
under downward rates. Sales of clear Sterling a
lO9a@109g. Document bills at 1881 and l0s2@1o
Francs easier to buyers at 5lsl@5.ll4 and 5.10@
5.O74 the latter for short sight. We learn of som
Commercial Sterling being sold in New York on til
9Th at 100 and 1904.
The Stock market is dull and lifeless. Some Ga
| Light Company, Citizens Bank cash stock an
Pontchartrain Railroad to be sold by auction
Saturday the 18th inst.
POSITION OF THE BANKS IF Me,s orean. Setarau