New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-06

This includes the entire claims against these re-
spective companies, with some trifing exceptions,
for the losses by the recent large fires. The Mer-
chants Mutual Company has paid s1sO,OOO, and is
paying all demands as soon as adjusted. The New
Orleans has not lost much and the Hope still less
All pay on demand, so that the hundred reports
which went abroad and were circulated also in our
midst, of our Companies having lost l4@2 900 900 of
dollars prove all to be imagination. The buwark of
the trade and commerce of city is still sound and
unimpaired, and our insurance capital in fact in a
safer position than any other on this continent.
In addition to the above, one of the companies
named loaned on bonds and mortgages during the
month of April 100000 after paying all demandable
losses Is not the commercial fabric of New Orleans
the great Crescent City, in sound strong and iu-
vulnerable position? We answer in the affirmative.
The Exchange market was steady to-day, and
moved along in favor Of drawers. The counter rate
for checks on New York was par Outside drawers
sold at dis. Several round sums of sixty days sight
were placed at lt@li dis, though some signatures
were held at dis. Short sight from 4@a dis, say
five to twenty days. Sterling was very firm, with
sales at 1885, 1905 @1O93: for some grades 1909 was
asked. In fact, remittance rates rule from lO9l@
ITO. Bills with documents 10s5@l09. Francs de
clined and closed heavy at 5.20@5.15, though some
were held at 5l24. Bank bills ruled higher
In stocks there were sales of so shares Mechanics
and Traders Bank (new stock) at los IS Crescent
City Bank at 1861 5 Louisiana State Bank at l76s
and 100 shares Merchants Bank on PIT; $50 shares
St. Charles Hotel stock at liz.
Among the articles of merchandise free, imported
into the port of New Orleans during the quarter end
ing the 31st of March last we find that the coffee
imported from Brazil to be 23,092 sos pounds, costing
S2,ll5,l57 or about So Is per one hundred pounds
From British West Indies the imports were 90 GIG
pounds costing Sl0.l32 From Hayti 46, 44O pounds;
from Cuba 81 023 pounds. The importations from
Cuba reach 1929 900, of which 1924 600 in cigars
Alone SCI 900 in sugar. So OPS in Coffee the balance
in SPECIE The largest imports it will be observed
are from Brazil. Next stands England, then France
so far as merchandise goes. The imports from Mexico
are chiefly of coin and bullion. They are of very
trifing amount ; not near so much as they were
twenty-five and thirty years ago, when it only re-
qured three OF four small clipper schooners to do the
business between Vera Cruz and this port.
The season for speculation in gunny cloth and
gunny bags is approaching. The following table
from the Boston Shipping List of the 9th ult gives
the position of that Market being the great center Of
Calcutta trade:
GuSNY BAGs.-The market is firm for gunny bags
but we learn of no transactions for Il few days.
Imports from January to April %.
1859 1858
R Ra,si sils i5 ss5
GuNNY CLoTH.-Since our last report gunny cloth
has been quiet and we have only to notice sales OF
ITO bales 2l2 10 average. at l24c, mos, and 200
bales to arrive, at l2c mos, for standard l2c. is
fair quotation for standard cloth at the close.
Import from January ito Aoril %.
1850 1883
Bhtes...... Il. Y lo,S53
The receipts of guuny cloth since LIST January last
are 100 fet. over the receipts of last year. The
ceipts of bags are about equal 1t will be observed
that sales are made III that market on six months
credit, which will give dealers in the article chance
for profit, even if they ship to this market, sell 70,
cash at Boston prices, with freight added, they have
the use Of an investment for four months which vii