New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-07
gth Orleans 1aiIp Cresfsnt.
THURSDAY looming. APRIL I. 1s5a.
Ntm 0rIeans alonsp Marktt.

Ntu 0rltans Nlonsu 1rktt.
CRsscEs7 OFFICE, No. 10 Camp street. !
Wednesday Evening, April g. 1859.
The Money market, the Paper market, the Real
Estate market, in fact all branches Of commerce and
finance opened with good feeling to-day but 1t only
lasted for short time, and we might well compare
the excitement and activity Of yesterday with the
events of to-day. Yesterday was day Of excitement
in market, was to-day, but the results may be
considered the very antipodes Of each other 1t is
only necessary for to say that of those destruc
tive fires which have ruined many, very many citi-
zens, and bankrupted insurance companies which
were supposed to be beyond all calamities occurred
to-day. The amount Of losses cannot be ascertained
at this moment but one item was considered as IT.
retrievaby lost that embraced $1,000 bales Of cot
ton. The exact amount of losses, nor nothing ap-
preaching them, can be ascertaned for day two.
We only know that cotton has gone, that dwelling
houses burnt that stores and warehouses are in
ashes that Of those devastations which mock the
efforts of man has passed, and immense amount Of
property is new smouldering in ashes and smoke.
Ever true to the instinct of trade and professions the
inquiry was made "how will it affect the insurance
Offices and stock2" This question, though easily
propounded, is not SO readily answered. Suffice to
throw the insurance, commercial and social body
polite into chaos. The immunity from large confa-
grations has been great for the past four or five
years that precaution and carefulness have been
overlooked and the large assets and resources of
insurance companies have been regarded as security
for all losses.
1t is not out of place for to remark that there
were complaints Of scarcity of water to-day This
refreshes our memory that about year ago. under
the privileges and charter from our Legislature an
act and authority was granted to incorporate Water
Works Company in the Fourth District to furnish
supply Of water under such events have occurred
to-day, though water-works in the Fourth District
would not have prevented the great desoaton to-day
in the Third District We allude to the subject to
show the apathy and insensisility which exists
among our leading citizens. to those improvements
and associations which would be of the most essential
service. The Lafayette waterworks, though brought
forward by the late Logan Mcknight and other in
fuental and old citizens with charter of the most
liberal provisions, was treated with as much con-
tumely though it emanated from the empire Of the
grand Mogul.
We have no room for further comment, and have
only to remark that with city surrounded by water,
it is strange, very strange that property should be
swept away by the hundred thousands of dollars in
few hours-not few hours, but in one hour. One
hour would be sufficient to place Insurance Compa.
MES hors du combat in the way the devouring ele.
ment had control day.
The Exchange market, under the large operations
in cotton yesterday, was weaker to-day. Sight on
New York at the banks, though steady at premium
over the counter was sold outside at par@l-l6 prem
We quote the regular buying rates at the banks at
par, at which figure they were disposed to take
freely. Sixty days sight ls@l dis. for good banka
BILE names, and II, 14@ls for outside operations.
Sterling seems inclined to a tendency downwards
The transactions embraced clear bills at 109 1O9i@
1909, dealers buying rates. 1t was difficult for brok-
ers to obtain the latter figure, G09D and the market
must be taken as ruling considerably in favor of buy
ers. For remittance l093 and fraction is asked.
As we do not owe much in London, the remittance
rates may be deemed as nominal, though some re-
ceipts of coffee have to be provided for There was
no change in document bills. We quote lOs3@lOs3.
Francs quiet. We only repeat our last quotations Of
$40, 5.15@5.l34
There was nothing done in stocks to-day other than
a sale of SO shares Louisiana State Bank at about
176a. The fire seemed to attract the attention of all
which precluded transactions in stocks and bonds
though there were some in treaty.
The monthly return of the Bank of France shows a
stock of bullion almost equal to the great accumula
ton of 1882 the sum total being about Sill 500 900
Of the great features of the present return the Lon
don Times remarks
The monthly return of the Bank of France shows
an increase of FL 800 900 in the stock of bullion,
which is thus raised to f22 100000 The notes in
circulation have experienced another decrease of
100000 and the contraction of trade is also evil
denced by decline of 40 900 in the discounts
In the treasury balance their is an augmentation of
s94o 0o0 while the deposits of the public show de-
of f264 900. The advance on rentes have de-
creased 940 0OO but in those shares there is an in
crease of flS0,000.
The return from the Bank of England for the
week ending the 18th of March give the following
results when compared with the previous week
$685. Increase 2Sss
On the other side of the account
e SSs HEnSssssea
Notes unemployed ls,as6s g. 800
The amount of notes in circulation is eco 259, 255,
being decrease of fl76 1856, and the stock of bullion
in both departments is Els 1922 1872, showing an in
crease of f2s,29 when compared with the preced-
ing RETURN
From the Daily N VS. March 1871
The funds opened this morning with rather heavy
appearance the demand made upon the market, in
various shapes for Indian purposes, leading to some
bona de sales. fresh decline of get, which took
place early in the day, proved however merely TEN.
occasioned in the afternoon by news of partial re.
covery on the Paris Bourse. Consols finally closed
the same as yesterday.
In the other departments of the Stock Exchange
there was total want of animation; but French and
Lombardo-Venetan railway shares experienced q
slight improvement in the afternoon, upon the re-
ceipt of better prices from Paris.
The demand for money continues active, and the
rate generally current for the best bills is equal to the
bank minimum. AT tho bank to-day the applications
were again rather numerous. The next return OF
that establishment is expected to show considerable
increase in the other securities The fact that the
Council of India have now commenced to make ex
tensive remittances Of silver to India, with view te
relieve the pecnniary embarrassments of the local
Governments, is not without its influence upon the
mrney market.
Commercial Intelligence.
BOROUGH BUILDINGS, Water street.
Per Persia. Liverpool Mach 1S 1850.
Cotton has lost the buoyant tone which character
ised the market at the date of our last report ani
prices have declined about ll6d. under the influence
of increased anxiety among holders to realize, Mid
1