New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-14
Nem Orleans 1ailu Crestent.
SATURDAY MORNING, MAY IA. 1880.
Ntm Orltans Nlontg Nlarkft.
CRESCENT orrrcr, No. 10 Camp street.

Friday Evening. May Is, 1853.
The general tone of the Money and Paper market
is unchanged though it hardly be expected that
with the panic and war advces the rates which have
ruled for the past three months could be realized.
They are however, and first-class long dated COM
mercal signatures continue to be negotiated at the
rate of 774 yet. There is very little short paper
that is, paper having less than 100 days to Offer
ing the street. In fact the amount Of all kinds is
the infinitesimal order. Good and first-class
mortgage paper is in demand at dos yet. There
are very few loans made and very few applications
at the banks for this kind of accommodation. The
feeling towards paper made by parties who are SUBJ
ect to nundation has improved within the past few
days, yet there extreme hard cases among
drawers makers who reside on the banks of the
river where general overflow prevailed last year
and the present Though there is great competition
yet existing among dealers and buyers of paper a
large number of operators have, usual at this
son. closed up and departed for the hyperborean re-
gions. Many others are preparing to pull up stakes
and take their departure. This will lead some cir
cumspecton in the market, nevertheless, there will
not be any lack of facilities, and money
cannot be dear in our market at least for some
months
The Exchange market was more uniform. The
quasi panic of yesterday, which extended only to a
few buyers and would-be buyers, seemed to have ex
hausted itself. There was very little demand for
sight funds on New York at J. and no desire on the
part of large buyers to take freely at prem. One
0f our hanks far &S0O mn CHI nj opca
and though some two Or three sums of $40, 900 and
s25 900 each were contracted for yet the nature Of
the transactions leads to the suppositon that they
barter operations. Time bills were not SO strong
to-day. We note sales of sixty days at l, l4@ls dis,
with some drawers holding at Ia. dis. Foreign was
stiff and likely to remain SO for some time. We note
sales of bills with documents at l09t and the general
run of the market running from 100, lO931l09d,
with very moderate supply of bills offering. There
several transactions in clear bills at llO2 ITO.
@ll0a. The bank and other choice names were ll03
Gill. Francs scarce. We learn of some sales on
Paris direct at 5.124@5.l0. The banks which are
drawing hold at 5.os4@5.O74 The rates in New
York on Saturday last were for Sterling 1O9E@l1Ol,
and francs 5.l24@5,l0. The exports of specie from
New York for the week ending last Saturday for
Europe were 81, 900. If they continue on at this
rate the boosted specie of the banks in that
market will show considerable reduction.
There is very little to he said the stock and
bond market this evening. We have noted the sales
| from day to day during the week, and have only to
remark that holders do not evnce the least desire to
sell. The movements to-day comprise 81 shares
Merchants Bank at l06; so do. Bank of NewOrleans
at LOG 100 do. Southern Bank at 10 net Some
shares Crescent City Bank at l054. Dividend day is
approaching The first will be that of the Canal
Bank on the 9th proximo of 5 yet.
The following are the values of shares and bonds