New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-13
gtb 0rltans 8aiIp Crescent.
WEDNESDAY, MORNING. ApRIL 10. 1859.
GLEN 0rItans Hlontu glarktt.
CREscExr orrice, No. 10 Camp street,
- TnezdaY Rxeniu0 Mi 10 ia

Cf$*~ VSAS"ss~ cSsVtt<H GkW%R*ss
Tuesday Evening, April ~, 1850
There was an increased amount Of paper Offering
to-day through the discount brokers at the same
time rates tended in favor Of sellers The calls on
the banks large. About eight out Of the eleven
have az much offered as they desire in the way of
paper and all have had free offerings Of paper and
exchange; yet there is so much unemployed money
that rates of interest have declined to yet. for
good and choice commercial paper, maturing in
January, February and March next, and some twelve
months paper has been done at the same figure. Is
there any other city in the Union where IL months
commercial paper can be cashed at this rate in an
open market! We think not. We hear Of loans and
mortgages being made property and real estate at
607 get. in Northern Cities but they are specified
loans. The line of deposits with our banks is de-
Ginning This is Of the events applicable to our
trade at this season of the year.
The Exchange market was active to-day-that is,
increased offerings and general disposition evinced
on the part Of buyers to move Sterling, however,
stiffened, and we note operations to considerable
extent in clear bills at 109l@ 1909. We also heard Of
Two parcels, amounting to fl5 900, being taken at
1899 for special purposes. We, however place quo
s>'1'L7 AZ AV0V1iVoE Luc kcHtIdl Vi BoOu
choice bills. Bills Of ladng drafts were taken at 1854
lost@l0s2 Francs quiet, without any specified
change We note sales at 5l7a@5.l5 to 5.l24, max
ing extremes from 5.20@5124 Paris direct. An
tive business was done in Forthern funds. The
ter rate for checks on NewYork par at nearly all
the banks, while two held at an It'll prem. There
were several transactions in sight drafts outside at
par@tth dis. five days sight at 31614 dis. sixty
days sight at dis. for choice names 1t014 for
good and II, 1s@ls dis for good and fair bills. All
good time bills on New York are taken as quick as
rendered. At late hour there were sales reported
Of Sterling with shipping documents at an advance
sending rstchop drafts on frstclass drawees up to
| l0s3@109. The rate of Sterling Exchange in New
York on the It'll was 1093@ll0 for firstrclass. We
shall soon begin to hear of large shipments Of coin fol
| Europe. It was supposed that cotton would have
furnished sufficient exchange to meet the great i'm
portations of merchandise, as well as to cover the
large sums which have to be RENTED every siz
months to pay interest Bonds and railroad securi
ties held in Europe. We may expect that shipments
CT coin will go forward every week, or for as long
time as exchange on foreign countries is permitted
to rule against the United States. Even with croE
of 3,759,00O of bales of cotton, with correspond.
ing share for Europe, there is deficiency in ex
change to meet the value of importatons, and golG
must go to liquidate the balance.
The Share and Bond market was quiet today. We
only heard of the sale of $50 shares of Citizens
Bank at 1921. The St. Louis Hotel has been Dur
chased by Messrs. Hall h Hildreth at the price O
5000, 900, payable sl0,0 cash and the balance Q,
time with interest.
The steamer City of Baltimore, from Liverpool
was announced at an early hour this morning as hay
ing arrived at New York from Liverpool, with date
up to the 30th ult. Cotton market unchanged !; &C
counts from Manchester hardly so strong as by tn
last arrival The financial advces present no change
As for the war accounts they are about as mystie,
as ever, and as we do not believe that war on thu
continent of Europe will affect American interests
we dismiss all these powder reports from our notict
at this time
| There is a great many surmises and an immensity
of figuring on the great staple. The following view.
and figures are taken from the New York Courie
and Enquirer Of the It'll inst. This estimate goes nj
further than the 18th October next, and makes tn
stock Of American cotton that is to be in Lverpoo
at that date $780, bales. We will however, go be
yond these figures, and compare the stock on han
in Liverpool on the 18th October last, 1858, whic
was of all kinds 492, 700 bales, of which 42S 90
bales were American. 1t will be seen that the prt
sumed stock, according to the table below, will b
nearly $4,000 bales less than at the correspondent
time last October The consumption of America
cotton per week in 1858 was on the average of 81
bales per week. and in 1859 it is computed at 80 90
bales.
The following has been transmitted to us for pub
LEGATION, with the that it has been prepare,
with much care !:
Supply of cotton from the United States for Grea
Britain and estimated stock at Liverpool on the l5tl
October:
Stock of American cotton Liverpool March bales S3
At of the IT from the United States to Feb.
|
Export February % April Observation-Disclosures. 369V
| To be received estimating the crop 3,i00,U0U
9. paiss.;.: .'....... aSVtU,
| l,20,000
OF which allow Great Britain 60 Get to be received
from date october I62OC
Stock supply March ii October Is 53S Iii
Deduct q weeks at 80 900 bales week 200 O0t
Will leave ttock Of American Liverpool o. H. a2e