New Orleans daily crescent., 1859-06-11
Nem Orltans Bully Gresteut.
SATURDAY MORNING, JUNE IL, 1859.
Nem OrItans Nlontg Nlarktt.
CRESCENT OFFICE, No. 10 Camp street,

gkhJ WrleaIts al0nsg N1rktt.
Crescent 0f;'ss gs.y ~ asss.s T. s'5s 5s.s t' %
The general market was quiet to-day. Trades and
business, generally, have approximated the summer
standard so closely that we may call it summer, as
ruling supreme. There are many citizens borrowing
trouble under the complexion of the last foreign ad
vices. That the war in Europe will be general seems
to be the settled opinion. If it has to come the
sooner the BETTER and if it could be precptated and
be ended within six months, SO much the better. 1t
will then be about the period of the commencement
of the next seasons business. The latest adyces at
hand denote that all Europe may be under arms in
short time. For the present general war would not
effect commercial and financial interests in our CITY,
but long war might be productive Of great and ser-
Gus trouble to Southwestern interests too serious to
be regarded in any other than fear and trep
dation, particularly with those who have large agr
cultural and landed interests involved in the South
west.
The negotiations in paper are yet free-the bottom
Of the money market has not yet fallen through.
There were sales of long dated paper at 9@l0 S2ct
with few tonsoral transactions at 10 to l215 2ct
First-class mortgages are taken at s@s4 second
class lO@l2 If there is any business that will Justify
paying IL f3ct. for money, we should be glad to have
it pointed out.
The Exchange market was exceedingly quiet tc.
day. The demand for checks on New York was
limited Rates range at 33S. Several round sums
at sight were sold at 3@9l6. Time bills were not
much inquired for. We have no change to make,
quoting from frst-chop to good s@3 to abct dis,
down to lt@l} dis. Sterling taken at 1884, 1891
@l10t. Bills with documents 10sa@1O9}, with an
exceptional signature at higher rate. There were
some sales of francs during the week. the last was
10000 at prices ranging from 5.lsA@5l14. We
quote from 5.l82@5.0s2-the market all round very
quiet.
The New York market for all bills of Exchange
shows great variation, and we should Judge from the
following quotations of the 4th ins that the demand
for money in that market was strong, which we re-
ceved by mail to-day.
There is steady demand for money, and business
paper Of fair quality aud long dates is more freely
offered and is selling at higher rates. while sigma
lures not considered undoubted are very difficult
to sell at any price. We quote:
pct per annum.
Prime p9 Endorsed GsfI .e escs
otSsl oiissoss sssa ''aE'e sis signatures s1s s
Foreign Exchange is easier, both for bankers and
commercial signatures and produce bills are selling
at very irregular rates We learn Of sales as low as
108a@10sa for second class with bills of lading at
tached but this is too low for regular quotation.
We quote bills at 60 days on London at 1O9@1O9a for
commercial 1l0@l10t for bankerf'; do. at sight
110301ll0t Paris at 60 days 5.l25015lO: do. at
short sight 5.os2@5.o73; Antwerp, 5lO@5.0e3
Bremen s0@S03.
The Stock market remains in the same position as
last week. We have not heard of a transfer, nor
have we met with any one who has heard of sale.
We omit quotations, holders and would-be buyers
are for apart in their views.
There has been very little done in uncurrent
money this weekthat is the issues of distant banks
have been offered in very small parcels In coin and
bullion the receipts have been the semimonthy sup
ply from the Brazos St. Iago say 1920 O0O the greater
part of which is raw bullion, which, it is supposed,
will go through our Mint, and be transmitted into
bars for expectation This is further evidence of the
advantages of the Branch Mint in this city, If Mexico
should ever become peaceable nation, we may look
for large increase in silver bullion at this point so
we hope that Congress will be liberal in the appro-
priations for the conducting of the Branch Mint in
this city. Mexican dollars taken freely at 1O6@
1861 There has been more American silver offering
this week than usual. 1t is readily purchased within
the range of our quotations We do not hear of its
being refused in the way of trade nor do we expect
dollars were in active demand to-day, and some buy
ers went as high outside figures. m.
Land warrants are dull.
We annex our usual weekly quotations Of coin and
uncurrent money, being the rates of John Wood &
Co., corner of Camp and Common streets
American half Dollars old coinage. l@2 premium