New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-24
Nlm Orleans 1aiIp Cresttnt,
TUESDAY MORNING, MAY "a. 1859.
Vsm Orleans H!onsu Nlarktt.
CRESCENT orrrcE, No. 10 Camp street.

Monday Evening. May a. isso
The week opens under the summer standard, or
rather the agnancy usual at this season Of the year.
1t would be unreasonable to expect that business
should continue the entire year. or even for three
fouths of the year. under the activity and veiness
which attended it from October to the commence
ment of the present month. The amount of transac
tons the extent Of sales and purchases within this
period can be computed at the rate of hundreds Of
millions Of dollars-nothing less than such figures
will balance the mighty trade of our city since the
opening Of business last October. We have been
favored with communication via the Mississippi river
and tributaries the entire season. with however one
exception-that is, the upper Red river, which, we
! learn, still continues impossible for the ghtest
draught boats. This, of course, keeps from market
thousands of bales Of cotton though the retar-
daon will not affect seriously the business or those
| connected with that section Of the country.
The inundated lands, or large share of them, on
the many bayous and creeks in Mississippi will be
available for some kind Of crop either cotton or
To raise corn, which may bring one dollar u bushel
will pay about as well cotton at II cents 10 H. As
king cotton is the hobby, attempts will be made to
raise it in many parts of the inundated districts as
late as the first week in June. There are therefore,
very few fears expressed regarding paper predicaed
on cotton to come from the submerged districts We
note to-day the sales Of $50 900 Through two partes)
paper, payable next spring, at s@sA get. The sup
ply or amount offering through discount brokers is
very limited, and no indication Of hardening an
pears to be gaining ground is there any advance
in the general money market The calls on the
banks to-day are fully up to the income. The mana
gers generally appear to be attending to the direct
wants and desires of the mercantile community ir-
respective of spectators and wouldbe spectators
and distant operators it is known that our city il
sometimes considered very good sort of drawing
| post
The Exchange market opened languidly, moved
along under considerable torpidity and closed dull
ishly, the course through the day being against
drawers and sellers. The counter rate for checks
opened at prem. on New York, which continued to
be the asking rate with most of the banks which was
reduced at two banks to 4. We, therefore, place the
quotations at {. At the same time there were large
transactions at 4@f for sight 1@1t for sixty days
sight We quote choice to good sixty days at /, Ia
II 53ct dis Sterling fell off, and there were several
transactions at 1lo@ll04. We quote extreme rates
for clear bills from Ito, 1lo3@1l0s. Bank rates
higher. Document bills at lOe4@l09s. Francs had
also tendency downwards. We quote 5.l33, 5Os3
@506i Though the ruler of the Empire has gone
10 tne wars Lne peleI EXISTS That business will move
along and financial affairs be protected Sterling ex
change was sold in NewYork on Saturday last at Tic
@ll0a for choice names. The importations continue
on very large scale into New York, which begin tt
create some uneasiness regarding the balance of &C
counts, as the exports of breadstu are so very dmi
nuve as to attract the attention of many connected
with the foreign trade, they being aware that gold
must be exported to meet the balances, so called
under the lessening prices of cotton.
The only sale of stock we heard of to-day was l9
shares Union Bank on PIT The attempted hubbub
in regard to bank shares did not succeed, and the
now holders have no desire to sell unless at the
highest price of the season, and if they sell il
would be difficult for them to reinyest. There has
been sale of $50 shares St. Charles Hotel stock at
| SIS.
There was shipment to-day for London of $3.50,
900 in silver bars by the ship E. W. Farley.
The following figures show the amount of bank de
posts and circulation of the banks of the United
States for twenty-five years past. 1t will be observed
that each individual in the United States had more
money, or perhaps some stuff that was called money
to his or her credit in 1S36-'37 than at any otbe
period of time. The next highest average is 1857
so it will be perceived panics succeeded the fusl
| times of the respective dates: