New Orleans daily crescent., 1859-05-10
Ntb 0rltans 1ailp Gresfent.
TUESDAY MORNING. NAY TO- 1859.
Ntm 0rltaus Hlouev Market.

gtm 0rlsaus aloutv Nlarket.
CREscEsr oryIcE, No. 20 Camp street, I
Monday Evening, Nay g. 1859
The week opens with good weather. The war re-
ports from the other side of the Atlantic cannot in
huence the elements of nature. Towards meridian
the arrival Of the Anglo-Saxon at Quebec was an.
nounced. The adyices were only confmatory of
expectations which ruled last week-that war was
progressing and the conflict inevitable. Cotton was
under further decline take accounts altogether,
they may be deemed first rate for the Bear interest
There is very little to be said on the money market
to-day The supply is free and likely to continue So
1t is not very probable that any part of the excess in
deposits now in Bank over last year will be drawn
out to send, or to take to Europe for investment.
This excess is little six million Of dollars that
ls, the deposit line proper Of the Banks show to-day
600, against sl5, ,z74 900 same time last year.
and $l2, 1000 in 1857. The demand and inquiry
Tor money is very moderate there is probability
OF large capitalists and holders of money investing
Immediately it may not be out of place for those
having large sums idle, and which are presumed to
be on deposit with the Banks to signify to the Banks
That the money will not be wanted for some months
The Banks or Depositees could then use such depo-
sits for the general good of the community, and If
the Banks could would allow interest at the rate
OF 504 yet. per annum it might result beneficial to
the public at large.
we incidentally, few days since, alluded to the
losses from the great fires which occurred last month";
the amount which each Of our local Insurance Com
panes would have to pay was the fabulous order.
Iney are not onehalf Of the amount supposed, and
which 30 disturbed the equanimity of a New York
Office as to publish that it was not interested in New
Orleans.
The following is the exact sum Of all losses sus.
tanned by our Insurance Companies and foreign or
distant agencies paid last month:
Gissa. Mutual Insurance coapsay sssSe sSe g g
1o,!ss 3 iss Delaware io:a.nc:
insurance Company of the Valley Of ''''' W
Losses paid By the Crescent Home Louisiana. Sun 's' %
New Orleans and Hope Companies pub he'd Isl 90
Z. s7s4,74, 90
The Merchants Insurance Company paid for ad-
justed losses during last month $780, which will
make the actual amount paid by all the local COM
panies and agencies 1894 00O to which is to be added
further sum of about 100000 to be paid by the
Merchants Company. So it will appear that the
capitals Of our local companies have not been en-
croached on; in fine, several of them are prepared
money as usual One of the local companies declined
to give the amount Of its losses. The foreign agen
cies, with one exception promptly responded to our
inquiries And, we have only to add, that the sew
eral Insurance Companies of New Orleans, with the
agencies named London, Liverpool and Delaware,
furnish most unbounded evidences of their
and capabilities In fact we have repeat, that one
of the Oldest local offices loaned last month 100000
besides paying s4sO0O for losses. 1t of no use for
croakers to assert that have no security or safety
in New Orleans.
The Exchange market was very steady to-day The
counter rate for checks on New York was par, and
outside drawers sold at the same, and at an dis
Sixty days sight at l@lA and II dis. Sterling was
weaker to-day dealers obtained satisfactory bills at
1893 and 1O9s, though the range of the market ran
from l09t@l094 and 1899. The Banks are draw.
ing at llot@llO4 for sixty days on London. We
did not learn of any transactions in Francs and have
to quote 5.l7a@5l5@5.l2a. The Exchange market,
all round, was not at all effected by the war inteli
gence.
In Stocks there were sold to-day, 100 shares Bank
of Louisiana at 1724 100 shares Gas Light Company
at 1923. The market continues firm.
There have been some movements lately in the South
ern OiCompany not only in the Oil, which we learn
continues to be in active demand, but the Stock of
the Company is under good inquiry. We note the
sales of between 700 and 800 shares within the past
ten days at from $4,000 This will do very well for
stock which year ago was forced off at SOC. The
merits of this Association and its production are be-
ing fully understood. In few years the South will
be independent of New England and the Pacific
ocean whaers for the necessary article of oil and the
essence of Pork, otherwise Lard Oil, will be alto
gether superseded by the pine knots of the hitherto
supposed unproductive forests of the South.
We learn of some sales of real estate at private
sale, which we will note in our next.
We last week published statement of one of the
city Banks of South Carolina, that is one located in
Charleston. The following statement is of one of the
interior or country Banks Chester county is stu
ated in the northern part Of the State and makes as
the phrase is, $4,000 to OOOO bales of cotton. We
think that with capital of only 100000, the Bank
of Chester has toerable large circulation, say $642
495, with gold and silver coin on hand of s6s 2ss We
are also struck with the remarkable increase between
the lst October, 1858, and the lst April ls59-being
an increase of over 100 s9ct The bank owes the
public, payable on demand, s753 $685. and that sum
is represented by little nine cents in coin &c.
cordng to the Louisiana system, this bank ought to
have coin..in vault to the amount of s24l ,OOO We
ing that the Bank holds Exchange on New Orleans.
We should like to know what commercial and inan-
cal relations there between the village of Ches-
ter and the Crescent City, that this Bank should hold
discounted exchange against us. Are there any kites
flying?
BANK OF CHESTER, South CARoLINA-The fol-
lowing statement of the affairs of this institution was
submitted to the Stockholders at the annual meet
ing on the 30th of April 1859:
LIABILITIES.
Chlh stoeN..'. tSSWuuu W
deposits Su,37b "
Net profits on hand I56l4 03
Sl,O9S 4SI &c
Notes OF oher l,l29 w
Balances due by Banks ll245J 46
llne oy Agents; 1853 II
Money Invested in Stock
Discounted Notes Maturing 1889 A.
Suspended llebt-iioo t.,, S2i.I72 AZ
Discounted Debt-Doubtiu 95l2 81 3?S4 rs
Sl,09S4'4 rs
The BaEk owes the public, which is payable