New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-29

4sh @rleans Dailp Crescent.
FRIDAY MORNING, APRIL 20, 1859.
ysm 0rltans Nlunsu Narktt.
csEscI.r oyncr, No. 70 Camp

1hursdav Evening, April %, 1852
The war accounts to-day were commented on
freely The malls by the Arabia were received, and
the early part of the day was remarkably quiet nor
did the close present anything Of an important note
The private correspondence conflicts. Letters from
the very highest authority in London say that strong
hopes are entertained that hostities on the con-
tinent will be averted then, there are letters from
Paris asserting that war is inevitable. So we have
varied views from those located closely to the seat
OF the expected conflict. But we did not to-day
learn Of the whereabouts Of a solitary individual who
(nnder the influence of powder and war; was willing
to sell bank shares, bonds Of our city and State,
houses lots and negroes at less price than on yes
terday or last week. Nor did we learn of any deal
ers in paper withdrawing from market under the i'm
preston that war will have an effect on commercial
and mortgage securities all dealers are as ready at
this time to invest as at any previous period.
There were some transactions in paper, embracing
commercial securities, (en and twelve months date)
at s3ct and small amount at the rate of u. The
offerings in bank were fully up to the income, and
most of the banks have as much paper offered as
wanted. There were sales of Insurance Scrip to the
amount of $4,000 Of the Sun and Merchants Com
panies. The Sun of the years 1885, 1878 brought
7l@s6c. Merchants sold on PIT.
The Exchange market moved along very quietly
to-day The rate for checks at the banks on NewYork
was steady at par Outside there was no change
There were some sales Of good sixty days sight on
Network at l@ls dis and other grades from Hall
Sales of one and five days sight were made at dis.
Sterling has advanced above the views of dealers
they say they cannot afford to pay over 1898 1905,
at which figures there were sales the ruling rate for
clear bills being lO9l@l093. Document bills with.
out change. We quote 1Osl@10s2. There were
some sales of francs Paris direct at $40 and 5l25
the range of the market being 5.1s3 for good COM
mercial drafts and 500, 5.l0@5.l14 for bank and
bankers bills.
In Stocks to-day there were sales of Is shares of
the Crescent City Bank at 1861 so shares (od
stock) of the Mechanics and Traders Bank at 1861
$50 shares Bank Of America at the advanced figure
Of 1929. Some few shares Commercial Water Works
on PIT. 1t will be observed that the shares of the
Bank Of America have gone up to the high figure of
1929, and parties were holding to-day at l25.
Although the capital Of this bank is OF very limited
amount, yet its line Of deposits which were to-day
one million and quarter of dollars, refutes the re-
mark that banks of small capitals cannot prosper in
our city.
We remarked some days since that the Southern
Bank of ST. Louis intended to open books Of subscrip
ton for thousand shares of stock to be appro.
priated for this CITY, Closely connected as our city
is commercially and financially, with St. LOUIS this
tender on the part of the Directors of this institution
to citizens to extend still further the intimacy
and more closely link the connection between the
two Cities ought to receive the favor of our citizens
and it is hoped the 100000 of stock offered here will
be taken. Several of the Western banks opened
books for subscription in New York. which were well
filled. Our merchants ought not to be in the rear of
other cities. This is the first instance of any foreign
distant bank opening books for subscription in our
city, and the high standing Of the Commissioners,
particularly those resident is sufficient guarantee
that the proposals are worthy of consideration.
There were some offers of bonds to-day, but no
transactions were closed.
Messrs. Palfrey Co. will sell by auction on Satur-
day. the 30th inst, variety of Bank Stocks Railroad
Shares, Bonds and Insurance Scrip.
The Arabia brings us the return of the Ba1k of
England, which is considered something of barome-
ter in European circles, far relates to finance
The return Of the bank for the week ending We'd
nesday, April 6, compared with the previous weekly
Al. c,I1z.