New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-21
1th 0rleans 1aiIp Grestent.
THURSDAY MORNING, APRIL 81, 1859.
Nstu 0rltans Hlonsu 1larktt.

Ben 0rltans AlCneu Hlmktt.
Wednesday Evening, April ~, 1881
The money market moved along quietly to-day.
The European advices Of the 9th inst brought by
he Arabia, were not regarded by lenders Of money
ions in small sums Of long dated paper at the rate
If y, and 8 per cent. As we remarked last week
that the accounts from Europe by the steamer Arabia
would be something the stirring order the predic
ton has been verified by the nature of the accounts
received to-day. We cannot conceive that they
should have any unfavorabe influence on our trade
and finance. As for our commercial connections,
Chat is, in our city, they Of so tring amount
as not worthy of moments consideration. As for
those with Italy, they are Of less considerations;
while those with France are, from the advanced pc
ROD in the season, greatly reduced; but be they
more or less cannot discover for any great
alarm. We are commenting on the suppostion that |
war has actually commenced in Southern Europe, |
and there may not be any war. We can only reiter |
ate our heretofore opinions-that war the CONT
nent Of Europe will not have any great effect on |
American interests. There may be a furry Of two |
or three days the commencement of actual ostili
ties. |
There was nothing Of an important character trans
pired in the general exchange market to-day. The
counter rate for checks at the banks was par out
side there were several transactions in sight drafts
though small in amount, at t@3 dis. There were
some round sums Of double A taken at an dis j;
three, five and ten days sight ranged from ll and
per cent. dis. We heard not Of any transactions in
thirty days sight Sixty days sight ruled from la
li@ls dis. There was very little done in sterling
the offerings were light; the transactions embrace
sales of clear bills at 1093 down to 1904 and 1885,
The rates for remittance range from 1888 and
1898, the latter figure for small sums. The large
dealers only allow 1O9l@109S, and fraction over.
In document bills note sales at 1899, the rates
ranging from that to l0s3 and 100, the latter under
liberal margin and good drawers. In francs the
supply was barely inadequate to the demand and the
market closed pretty firm at l73@5 123-dealers
rates on Paris direct (buying and selling) On Bre
men we quote 7s4@7si per rix dollar.
There is good demand for stocks at the current
prices of the week. 223 was offered and declined for
Citizens Bank-a tolerable tall price. There is no
desire evnced the part of holders of any stock in
our banks to sell: either old new banks. In the
meantime dividend day is approaching, which will
give tone to the market for some time to come.
The transactions to-day embrace go shares of Bank
of New Orleans, in parcels, at LOG, and some few
| shares of Bank of America on private terms.
The following very singular notice below appears
| as an advertisement in the New York Journal of
| Commerce. As there are no names attached to the
notice it will not he drawing strongly on kind and
charitable feelings to believe that it did not emanate
| fha off nf no Cup
ance Company of New York, but is the effnsion of
some Spectator or jobber in scrip in the New York
market. 1t is not however, ont of place to observe
that the notice in question has not been repudia-
ted by the officers of said company. they must be
held accountable for of the most contemplate,
meanful and stingess slurs the character of CO.
temporary institution which has come under our OBJ
servation. 1t will be allowed that this famed, or
| wouldbe famed, Sun Mutual Insurance Company,
was brought into life and existed for years on the
| patronage of the mercantile community of New Or
leans; that its agency here for ten years paid in
profits and gains upwards of one million four hun
dred thousand dollars, and the chief sustenance Of
the principal or mother Office on the agency in
this CITY, It reversed the laws of nature the mother
drew its sustenance from the daughter-and thu
notice follows cannot be considered only as an at
tempt to bolster up the credit of the Sun Mutual In
surance Company of New York at the expense of tn,
Sun Mutual Insurance Company of New Orleans, tn,
latter company, by-the-bye, being mpregnable, ant
in such position that we consider it would be an in
suit to question its ability to meet all demands al
sight:
The Sun Mutual Insurance Company of Ne,t
forh aove sus,anea no doss oy the Iecent disastrous
or, tbat c; nbous ,,.sa eg.s s;na
pany bearing the same name ,cas created there Al
that time, but has no connection ,chaterer 10Th tn
company IN Neo fo'x.
as an aodenda' OF a httie seasoning OF the above
we append safes OF the scrip Oh the respective com
panies'
c1o New Yo o @ p - @ ~
In New orle ms On the lg.h April by AUCTION: Sun Mnua
The above fionres show tho stsndinr in tho voc
Motive cor,nn;,;os of t1a +., oeaoos ~ ,,.ho,,
anv further comments. we believe we shall, not HI
| g. 49,. &c A., - L., - ~, :. a., c. ~
, | 1,..,,.a r,.,,.c.-, - ~. g., - ~
,