New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-18
Aw Orleans gau Crescent Saturday Bornng gums 49, 1859
Nsm 0rleans Bully Crescent.
SATURDAY MORNING, JUNE IS, 1860.
Nsp ORLEANS 3flontu IEarktt.
CRESCENT OFFICE. No. 10 Camp street,

Friday Evening" June II, lsb9. |
The general Money market moved along regular
today The calls on the banks were not large, nor
we're they urgent The members Of our commercial |
are getting over their timidty and nerv
BUSINESS regarding the disturbances in Europe long
as England keeps aloof. If the commercial opera
tons of the country with England and France were
now closed, all Europe might become involved in the
war without the least detriment to American inter-
est. As it is it is desirable that alliances of different
powers should be postponed as long as possible. The
parties now engaged are about equally matched,
which leads to the suppostion that other may
take hand in the game. However, it will be |
splendid development of the effects Of recent inven.
tions of firearms and the appliances. The Emperor
Napoleon appears to have been very successful in the
late proposals for loan while Austria appears to be
a supplicant with the money autocrats. We learn
that in the several money markets North, say New
York, Philadelphia and Boston, that money is daily
becoming in greater demand, though loans are re-
ported to be made at S, 5a96 get, yet they so
few and far between, they cannot be taken critic
ron of the market in fact, long dated paper be
negotiated on the streets of New Orleans within a0l
59ct. of New York rates, while our rates are much
lower than in Philadelphia Baltimore. There was
very little paper offering through discount brokers
to-day. We quote long dated commercial signatures
(frst-class) at 81; good to fair from 9@lO 59ct.;
names less known from l0@l2, with the usual tonso
rial operations, which are rather higher than for
three months past, being l, li413 get. y month
Loans be realized frstclass mortgages at 10
CT second-class mortgages at 1001l get There
are some few discounts at the banks of long dated
paper falling due next winter at the usual rate with
no desire evnced on the part Of the banks to increase
their liabilities by expansion by discounts as well as
to heed the made paper-for the occasion based on
local investments, say in pork, corn -four, bagging
and rope-or the many drafts made in the West for
warded hiher for placement, and the proceeds to be
returned in gold provided exchange is not obtainable
at certain figures.
There were several transactions in Exchange
though not large in the aggregate they were ample
to restrain large operations and check the upward
views Of drawers. The general counter rate for
checks on New York was prem. Outside drafts
were sold at 4@9l6 prem; sixty days sight ruled at
lGl get. to 1l@li dis. We note the sale of two
round amounts at !: dis. We quote selected names
at from 5@l yet. dis. sale of sixty days sight on
NewYork drawn in Havana, (sugar draft) was closed
at II dis Sterling is firm at lO9@l09} for document
bills sales being made at these figures and clear bills
at l092@tol092 to Ito, and for remittance ll0t0
ll0s, and ll0a for bank credits. Francs quiet The
selling rate at the banks is 5O74@5.05, and outside
rates range from 5.l6l@5I14.
The Stock market is blank-has been blank for
five weeks, and will continue blank for some time
to come, though there will not be any blanks when
the days of dividends come round next month. In
all probability the prices of stocks will be well main
tanned through the summer. In bonds and railroad
shares we have not heard of any transactions. There
are some few struggling bonds offering now and
then, but the majority Of holders seem willing to
sink or swim with the destinies of the city. There
have been, however, several barter trades amounting
in all to about five hundred bank shares for notes
and on time, which, however, afford criterion for
market. We omit quotations. ...... .. ...a....M
In the uncurrent money market for the week there
have been as large transactions as usual at this
son of the year, and in general the brokers on Camp
street and envrons, have been doing good business
for the season of the year. All kinds Of distant bank
notes, in large or small sums, are purchased at low
rates of discounts even those large amounts Of issues
which are made by several of the interior banks,
the condition that they shall be circulated away from
the locality of the bank, are purchased, and if not
taken off the buyers hands within short time, are
forwarded home for redemption.
There have been some receipts of silver coin this
week saw from the west coast of Mexico via Panama
Tbara would have nndonhtadl baan 1aroer eun,s ro
-, L., ~ ~, 80 49, 30,
ceVeu' nau NV 'ne oeefs VI the otlIish hawai- ser
vice, with active mail agents, SO termed, combined
and euded the export duty Of 6 f9ct., by which
means thew secured the fre;rht and nndonhtad co,.
rs, A. -: =. 81, 80
luoeu "Vl the snppeis Ill fesatu W the uuty' WHICH
may turn up on the arrival of the specie in England
in the shane of commissions and half duties of EXPORT
Tho pnnob uirt.of tbis ci+,, hoe rooo;,,oa nod
~ -. 's 80 g.
snare Oh Tue iale OIL SILVER large snare peils
bullion. 1t is Transmitted into coin as desired by de-
positors on the payment of seienioraae.
Tba s,nr,r Of ir,or;c,n si1,er COW oon+;nros f.oo
supply " s'''sl eo'N ~
lne vNels n''0 n W.. oe''u % .ly ue ~.
"neh WY '"Is ts,' 49, 'AN ''Nf 'Ae
oou,'ef o,i ~. pes' 'eiins '''ey ''i .......,
IAeie HAS oeeh noile iuquiiS loi iaiu "aiiailS
without any advance being realized by holders, We
-, 4. t. -. ....4:o.,z :, ..-.t..:a.
There are so few United States Treasury notes
N - - 49, ~
offering that rates OF sales may be deemed obsolete
| ~, =, =, :. a, 3 Am
surv of the United States has issued proposals for
| -
issue OF Treasury notes. TO bear an interest OF fct
| . -
mr. local canitnliss are esirous of investing in these
| -. =, ,,. , =, -, r
| 'e.''ii.'os wa 0' w t ~ e. f "
| record
| m, A.. ~,
The proposals must state the rate OF interest with