New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-27
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SATURDAY MORNING, JUNE Is, 1859.
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cREpcssr or,roE. No. 10 Camp strss.

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Beyond the European accounts Of the late move
ments and battles in Italy, which received in
the early part of the week, nothing of an exciting
nature has TRANSFERRED during the week now closing
The latest intelligence from Europe was received
here on Tuesday night, brought by the Persia which
arrived at New York. In a commercial view it has
little or no influence on market possibly, if the
quotations for cotton had been of more favorable
cast part of the 900 bales supposed to be I'M
sold Tin control of our actors) might have changed
hands. As it is the sales for the week have been on
very limited scale, reaching only $500 bales. Not
withstanding large portion of the cotton buyers
have taken their departure the buying and specula-
tive interests are fully represented, and if there is
anything to be gained any remote prospect for pass
able Investments, there is sufficient number of
residents, agents and representatives, with all the
usual resources and appliances prepared to move and
avail themselves of all opportunities offering.
Our community, commercial financial and social,
are varously exercised regarding disturbances and
transpiring events in Europe. We reiterate our
views, if England maintains her neutrality, American
interests will not be subverted If England's position
should be changed, then, of course some interests
connected with our trade, commerce and finance will
be compromised and greatly endangered particularly
the immediate interest of the South. It is clear that
England is in full state Of preparation for any
emergency, and liable at any moment to become in
volved.
Fortunately at this advanced period of our com.
mercia year. the reduction of our vast receipts and
stocks Of products is 50 great that inducements to
enter into large operations contracted and other
wise precuded and for the present. the least business
entered into will be the more polite.
The general wholesale, jobbing and retail business
offers nothing for comment this week. Many of our
jobbing houses have sold as many goods credit as
compatible with safety. The retail trade being con-
Quoted more on cash basis-the larger the sales the
better
Having given daily for the week the routine of the
money market, leaves very little for remark on the
movements of to-day. The bank movement for the
week will be found below. According to the returns
made to the Board of Currency, the movement is
somewhat different from expectations. Though the
deposits show decrease, and circulation similar
result the decrease in specie is larger than expected
Our Ariel, who has been lowering over intimates
there have been calls the banks for gold for ship
ment direct to Europe, which has been paid for by
exchange on New York not, however, direct, be-
the exchange might have been taken under the
expectation that the proceeds were to be invested in
produce, instead of gold for shipment to London.
This is new kink in finance in this latitude, though
not paying business. If the shippers and owners
repudiate insurance, there may be some profit real
| lied through the workings of finance. But we do
not approve of this indirect mode of the vaults of our
banks being depleted. If, however, quarter of a
million of gold has been taken from our banks and
shipped to Europe to protect sundry bills of ex.
change, it may in the end prove beneficial. We
await further developments.
The weekly statement of the banks, as made to the
Board of Currency this morning, shows decrease in
all items excepting distant balances saw