New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-21
Nem 0rleans Dailp Crestent.
SATURDAY MORNING, MAY 81. 1859.
GLEN 0rltaus 5tloneu Markst.
CRESCENT OFFICE, No. 10 Camp street.

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CRESCENT OFFICE No: 70 Camp street. !
Friday Evening, May -, 1859.
1t would be herculean, and in many respects
bootess task TO keep pace with the volunnous dis.
patches which are coming over the telegraph almost
every hour between the rising and setting of the sum-
and we may go little further, extend the time and
say between the setting of the and rise thereof
If the members of our mercantile community intend
to give credence to the thousand and one reports
which will be received during the tumultuous condi
ton Of affairs in Europe, they may expect to be in
state of agitation for msnths to come 1t is well
known that war exists in Southern Europe, and we
may expect for weeks to come perhaps months,
French versions Austrian versions English versions
Russian views, Sandman expressions, Italian wishes,
with possibly something of or less import from
the Sultan Of Turkey. With all these manifold &C
counts and views there is nothing whatever to cause
create any change in the financial and monetary
course of our community. We have some citizens
who are overstocked with timdity as well as being
possessors of idle capital and who express more
senstiveness than the position of affairs warrant If
they will after reading the flaming Geographic dis
patches, just coolly add them up, then divide them
by the figure two, take the result of the division and
credit half of that they will unburden themselves of
immensely of fighting, and relieve their minds of
great deal of anxiety 1t is really ludicrous to OBJ
the excited state of many of our COOL rejecting
and supposed sagacious citizens. 1t is hoped as the
warm weather has already advanced, they will pre-
serve the calmness and imperturbability which has
for years characterized the residents of the Crescent
City.
There were negotiations of spring paper (next
spring. to-day at the rate of s1s3 get, and some
very choice names placed at y yet. The calls
the banks for discounts did not exceed the income
They were about even. There were the usual tonso-
rial operations among the second and third-class
dealers ruling from 10@l2 up to 15@1s u annum
But the large discount brokers have very moderate
sums of paper to offer their principals There are
very few mortgage securities Offering, and very
limited inquiry for loans, either short or long Our
insurance companies take freely of mortgage pa
per at something less than the regular rate of our
old banks. The old banks, which are privileged to
exact act. discounts and loans over 100 days,
have as much offered as they desire. The nundation
of many fine river plantations has had very little in
uence, as the front proprietors generally out of
debt though they who have suffered for two years in
succession, may be in different position.
There very little offered to-day for remark on
| exchange. The market all round, both inland and
foreign, was softer than yesterday The counter rate
for checks was steady at premium. Outside there
were sales at s@2 prem, and the best Of double Al
drafts were to be had at {. Sixty days sight was in
better favor than on any day of the week. There
several sales, though not large in amount at L.
1t@l3 dis, the extreme range being from s@l3
dis. Sterling fell off. We quote clear bills at 1l04
1l04@llO3. Document bills, we did not learn of
sale. Telegraph advices from New York yesterday
quote Sterling as being under full supply and rates
heavy. Francs are very quiet. We have not heard
of sale, nor did we meet with any one who could
inform us what they are WORTH but we will venture
to quote them from 5l2s oslo up to 5OG4@5.034.
In bank shares and bonds the market has ruled in
active for the week. There have been some few sales
five dollars to ten dollars share below the rates ex
listing ten days since There are offers made for
favorite stocks from fifteen to twenty dollars below
the range of sales fifteen days SINCE There are more
buyers than sellers at the commended reduction. Mis-
cellaneous shares and stocks well sustained. For
instance, there have been transactions in Gas Light
Company at l52@l53. Levee Steam Cotton Press at
1OO@l01. In the present great disparity of views
between sellers and would-be buyers of bank shares,
we omit our usual quotations, with the remark there
is no inclination the part of strong holders to part
with their shares unless at the highest rates which
have prevailed during the past two months. There
have been some sales of shares, not, however, at