New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-23
Neh Orleans 1aiIp Crtsfent,
MONDAY MORNING, MAY 2s, 1859.
getu @rltaus Hlousg Nlarket.
carscrEr orrrcr, No. 70 Camp .,resl,


Saturday ssa1ss NJ Ss & c nv f. Ito
The week now closing has been marked by the re-
ceipt of an extraordinary quantity of intelligence
from Europe, brought by the arrivals Of eight steam
ers, commencing under avalanche ON Monday morn
ing last and continuing until this evening. There
have also been arrivals from California and Havana
which, with the domestic telegraph dispatches, have
kept our community tolerably active to understand |
the drift and run of this surplus of news. CONNER
ciay, the most important feature the nature Of
the advices from England which we laid before our
readers this morning, brought by the City Of Balti
more up to the 11th inst They caused enivenipg
aspect on the street. and Carondeet street and env
rons improved in courage and feeling fully twenty-five
get. or more. The excitement and uneasness which
have useessly prevailed for two weeks past are
passing off, though the sequence will be modfca
ton and restriction in general operations, more
strict regard to the mmutable requirements of supply
and demand. During the week breadstuffs and pro-
visions have attracted large share of attention and
speculative tendencies have been enlarged not war
ranted by the general position of foreign markets.
course the advces last received from Europe are
not satisfactory to those engaged in the Western
trade, and some denzens on Tchoupitoulas and Poy-
dras streets were much depressed to-day as opera
tors in cotton were enlivened. 1t is singular that
| such high wrought expectations as have ruled re-
garding foreign prices of breadstu should be enter
tanned, when our markets on this side are now
actually one dollar and fifty cents to two dollars per
barrel higher in the price Of -four than the English
markets, and what distant market will justify invest
ments in corn at one dollar and five to one dollar and
ten cents per bushel. We think we can with safety
say to the great West to the dealers and shippers of
breadstus, that our market is at this time the best
extant. Financially, the European intelligence of
the week has not been of exciting character as
the Bears predicted, our community have no great
debts to liqudate in Europe. Some cargoes Of coffee
arriving here have to be provided for in London We
have accounts Of 80 500 900 in silver en- route from
the west coast of Mexico for England via Panama.
Of course there is encouragement for any share of
these shipments to at this moment via our CITY,
| though eighteen months since there were received
nearly half million of dollars in one shipment from
Acapulco. Possibly the extension of facilities via
the Tehuantepec route share of the treasure usually
forwarded from the west coast may be ordered here
We have also advices of the usual shipments of gold
from California for NewYork, where it appears to be
in greater demand, more wanted than here.
The general trade for the week has fallen off, cor;
responding with the advance in the season. There
few merchants and traders from the interior
in town from day to day, particularly from those
tons where communication is likely to be interrupted
by low stage of the rivers in the fall of the year. The
local and retail trade has dwinded down to the sum-
mer standard That standard, however, appears to
be of higher grade than heretofore. Though thou
sands on thousands of transient, as well as many
permanent citizens, have departed there are goodly
throngs appearing on the street daily Shopping, in
fact, is still maintained, and more or less money is
changing hands daily.
The greatest activity now going on is in the me.
chanical and building branches. We are gratiied to
observe the many buildings in every part of our
extending city in the course of erection Building
materials selling at highly remuneratng prices,
and with the many public improvements, paving and
repaving Of streets, ETC., active summer business
is in prospect. Our active builders and mechanics
will not find time and have leisure to take the tour of
Europe this season.
There was no perceptible change in the money
market to-day The offerings at several of the banks
were heavy for the season of the year. with Others
not more than ordinary. 1t is however, manifest
that the demand for money has increased during the
week, which is confirmed by increase of discount:
of over half million of dollars This may be owing
to the desire of many persons to close up for the sea
son, anticipating their long bills receivable as the ex
pansion is under the dead weight of most of the
banks The line of deposits show decrease, and the
exchange line decrease of over 81 100000 which is
large and is due to the absence sight bills being
obtanabe on the street of satisfactory kind and al
equitable rates. for rapid the advance in checks
was realized by the banks outside drawers enhanced
in the same ratio. The increase in discounts, how
ever, does not largely vary from this time last year
and the year 1857 The increase for the week ending
the Goth May 1857, was $4,000, yet our banks can
not with due regard to the general good of our
community and their own interests expand much be-
bond the present amount say twentynine millions of
dollars. There are very few loans asked for, but it
behooves managers to be extremely guarded, and not
encourage made paper tainted with inflated objects,
as disposition exists through some sections of
the country, connected with our city, to invest in
and advance on crops to be ased particularly wheat
corn, pork and beef
The variation in the active bank movement for the
week, according to the return made this morning to
the Board of Control, show decrease in every time
while the dead weight exhibits an increase. The
changes are:
decrease in specie 273
1prra in cirr pf s,0r