New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-14
9sh 0rlfars 8aiIu Grssf.at.
THURSDAY MORNING. APRIL u. 1889.
Nsm @rIsars 1luusr Tyzrtst.

ytw GrltMs 1lMfg 4ymtA.
eHt's a:ss. esssi s,s e 2 + ss' ~;
Nothing Of an important character turned up TO-
day in the general Money and Paper market. eales
Of paper were made at the rates Of yesterday. The
supply continues free and the calls the banks were
fully up to the income of each, and they generally
have as much good and secondclass paper presented
as they desire, though two or three could expand II
necessary. 1t will not answer for our banks to be
cognizant of making money too plentiful. The sea-
son CT the year is at hand when citizens temporary
as well as implied permanent Ones are preparing for
the usual hegira Many who have been in the habit
OF going annually to the Empire of Napoleon the
Third are rather cautious and reserved in their views
about the stability Of the Empire and are inclined to
the belief that investments this side of the Allan
tic are as safe az in Europe moreover in the event
Of war (and if 1t is to the sooner the better)
we shall have lower rates for money in fine, it will
be drug in our market We do not mind the Bear
views regarding war about depression in stocks and
sound securities. The Bears may rule Wall street.
N. T., and the London Stock Exchange, but we de-
sire to know-that is, we ask the question right up
and down. of of the stocks Of banks of our
city, if he will sell out tomorrow at decline Of five
or ten dollars y share, under the impression that
war among those rulers, Kings, Emperor and fellows
in Europe is going to affect local financial inter
ests If the ncertitude Of political affairs in Europe
causes daily fluctuations the Paris Bourse or the
London Stock Exchange, and reacts on Wall street.
n " SO far as jobbers and gamblers of that locality
are concerned we cannot coincide in views express
ed that our community will experience drawback.
We have no fears whatever particularly as our fact
ors are realizing l2@l22c. for cotton and getting
their pay for it. This does not look as though an
European war was going to affect American inter-
ests. No, that it don't. As for the buyers of the
bills, it is presumed they are aware to what extent
will prove averse to their interests and exchange
dealings generally. We can also assert that our
commercial and financial connections with Southern
Europe are at this moment so reduced as not to be
| worthy of moments notice.
The Exchange market had heavy appearance to-
day, with dealers and buyers realizing an advantage
| in all kinds. The counter rate at the banks for
checks on New York was par, and SO it was with
double Al drawers who obtained par. The banks
were buying freely at t@l dis though at the latter
figure drawers did not seem to acquiesce We have
change to note in time bills quoting as we do at
l. lt@l@ for choice and good sixty days sight on
New York and Boston, and 14@1A for good to fair
| on NewYork and Philadelphia. A good demand pre-
walls for time bills. The good prices realized for cot
ton keeps the basis for exchange well up. Sterling
was weaker to-day. There were some transactions
in clear bills at 1094@lO9l-the latter figure was
the highest notch to-day though for remittance 1908
t0l094 and fraction have been realized. Several
cargoes of coffee were required to be provided for
which has some influence on rates. In documen,
bills there were several transactions to-day at 1854
| 10sl@109 - the latter an extreme rate. Francs
quiet, and very few offering. The demand beint
only for remittance. A good many rentals have t
be forwarded to France though there are man,
Louisanans, or those calling themselves such, resid
ing in La Belle France, they still think that produc
tive real estate in New Orleans is about as safe an
investment the rentes of France or the me.alques
of Austria The demand, therefore, for French bills
is confined to remittance purposes at 5.20@5I25-
average about 5.l64@5.l5 on Paris direct.
Very little doing in Stocks and Bonds There
were some negotiations on the tapis, which may
reach contracts We note the sale of Is shares Bank
of Louisiana at liz, and q 900 City Bonds to Rail.
roads at S62-another advance. Very few bonds Of
any description on the market.
We have from time to time published the state
ments of the old banks of the State of Tennessee
and though they were temporarily under the ban in
1857, it was no more than the banks in New York
and Philadelphia were universally forced into The
good and patriotic State of Tennessee has for YEAR
and years been blended, associated commercially
financially and socially with NewO rleans and though
efforts have from time to time been made to change
its trade from the natural center, New Orleans We
have to state that the business of Tennessee this
with our city will exceed any former season. We Of
course are gratifed that publish so atterinq
statement of one of its financial columns as repre
sented by the following figures
Statement of the Assets and Liabilities of the Plant
ers' Bank of Tennessee and Branches;