New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-20
Aem 0rltans 4aiIp Cresftnt.
MONDAY MORNING. JUNE 20. 1s5a.
Wtm 0rltaus Nloneg Markst.
CREaCHxr Qrrtcr Ma "a Ca.an s.xa.


Saturday Night, June il, isss
Our last weekly summary comprised movements
made under depressing commercial accounts from
Europe, with general falling off in operations De-
cular TO the Of the year. The week now clos
ing has been attended with much better feeling ap-
preaching at times to enthusiasm with something of
an excitement applying to cotton. The most i'm
portant feeling, however, applied to the Exchange
market. The bills now running to maturity drawn
against cotton, having been under clouds for some
weeks, the very favorable action in England has
wrought wonderful change in the minds of those
most deeply concerned nevertheless, the future is
involved in some anxiety, the seasons business is
not yet closed over the water and we are not alto
gether out of the woods this side. The most i'm
portant advees received this week came to hand on
Tuesday night, being up to the 4th inst from Liver
pool, brought by the Europa via Halifax, and were
commercially and financially highly encouraging.
As for the political intelligence, nothing of favor
able import could be discerned. The war was pro-
gresslng-to end when, where and how, it is impos-
slble for the most learned seer to foretell.
1t will be observed that the transactions in cotton
for the week reach Is GOO bales at good prices and
very good business for the stock on hand that the
movements in tobacco have been to good extent,
with sales OF sugar and molasses corresponding with
the receipts and stocks. To sum up there cannot be
causes for complaints and croaking. OF course, if
anything adverse should turn up it would be charged
to the disturbances in Europe, when, in reality, it
might be debited to the progressive spirit of the age
the desire to realize large profits merely by the pro-
of investing the faith of one steamer adyces
and selling the expectation of the next or follow
ing. In addition to the dubious talk of exchange,
there is another feature of affairs which does not
augur well-that is, the very high prices of grain,
say corn. With such prolific country as these
United States the great staff Of life ought to be pro-
duced in sufficient quantities to obviate the high price
OF cents 70 b for Indian MAIZE or 81 rs u bushel
The great Southwest ought to be in position have
surplus of corn as well as other cereals at all times
As we are not prepared, with the thermometer ap.
preaching ninety, to write dissertation on poll
teal, as well other economies, we will merely re-
mark, that the business of the city at this time is
fully equal to former years.
There are great many improvements now going
forward. Builders mechanics, one and ALL are
fourishing. Houses and stores are in the course of
erection in all parts of the city, and with the very
large contracts entered into by the city for paving
and re-paving streets, and incipient preparations
astr, indicative of great and solid additions to the
general prosperity Of our city, the opinion is cur
rent that the business of ls5s-59 will close under
refugent results, barring, of course, some CONNER.
cial connections with our trans customers
The weekly statement of the banks shows well, as
will be perceived by the figures below. The demand
for discounts has decreased appears by the state
ment. In fact, everything connected with finance
augurs favorably at this time and very little of the
exchange held by the banks is considered doubtful,
Ins.--
the Tehuantepec Company.
There were later advices received to-day via Que
bee, brought by the steamer AngloSaxon from
Liverpool up to the sth inst, denoting declining
market in cotton, and giving some accounts of
great battle having been fought. The losses in killed
and wounded are reported large, and are hardly
credited. However, we have to wait for the next ar
rival for confirmation of the accounts. In the mean.
time, losses of Is 900 in killed and wounded cannot
be deemed large for the great number of begerents
The Money market was quiet to-day The Offer
ings in bank were light-in fact they appear to be
decreasing in the aggregate from day to day. On
the street there were very few transactions and we
have no change to note in rates.
The Exchange market is well supplied The sales
yesterday and to-day reach half million of dollars on
New York Alone $250000 were taken by one party
at sight and short sight, say get prem for sight,
and prem. for short sight The banks sold at
prem, and outside drawers at 9@9l6th. Sixty days
sight without change. Sterling was taken at l09a@
1893, up to ITO for clear bills. No transactions in
francs.
The Stock and Bond market shows some symptoms
of reviying To-day there was sale of 100 shares
Canal Bank at 100, and $4,000 Consolidated Bonds at
80 and interest. The barter trade alluded to in our
Lac Il,
shares Mechanics and Traders at an average of
lO5!, but not cash transaction.
The weekly statement of the banks shows the fol-
louinp for this week.