New Orleans daily crescent., 1859-03-03
1eh 0rltans Dailp Gresfsut.
THURSDAY MORNING, MARCH ;. 1859.
Nem @rIfans Alontg Narkst.


Wednesday Evening, March O. 1859. !
The money market moved along very quietly to-
day. Commercial paper Of long date is scarce, and
the discount brokers have large sums at control for
next years securities. Four, five, six and seven
months dates not desirable, as they will mature
at when there is no employment for capital
There sales to-day Of and two years date at
the rate Of 9ct and nine to ten months at 81
for choice names. We quote this evening:
IS $::s: ss::;s: ::s:;
oos ana solse 81 long da.
Good .:s% .sssad:s,s.. commercial: @le e.
And short loans according to the wants of the bor
rover, at rates ranging from up to Is get. y
NUN. The insurance Offices are very flush, and dip
into paper now and then. The offerings in bank to-
day were heavy-that is, largely beyond the income,
and far above the corresponding day last week, and
all the banks being flush, they can do about all the
sixty day paper offered. We learn that one Of the
banks exacts interest at the rate of get y annum,
and has much paper offered as is required, matur
ing within ninety days.
The Exchange transactions were large. Several
sales of sight at 7-l6 q dis. on New York. The
counter rate at the banks being steady at discount
five days sight dis sixty days sight plenty, with
| rates tending in favor of buyers. Some round
amounts for special account were taken at Ii dis
the range of the market ruled from IL, IL, IL,
dis The bulk of the sales was at Ii. The inside
figure Qs) is an exceptional rate, and not quotabe.
In Sterling note transactions in clear bills at 1885,
but 1854, l0s4@1ost the extreme figures, though
for remittance 10sl and over considered quota
BILE. In bills with documents we note transac-
| tions at 1915 a 1919. We have to quote extreme
rates from 1919 q l07a up to 1919 q los. Francs
were quiet, without any noticeable variation. 523l
| q 5.ls3 up to 5.15 are the extremes.
| In Stocks there were some transactions, say 277
shares Canal Bank at 12s; 300 shares Gas Light Com
pany at $50; SO shares Bank Louisiana at 1861 80
shares Crescent City Bank at lO3a; Sc shares Bank
Of New Orleans at 1Ol3.
The European mails by the Africa were received
to-day. The private correspondence reads much bet
ter than the telegraph accounts, of these
counts quoted cotton heavy and tending downwarda
at the departure of the Africa It is reduced to a
real certainty that the Liverpool market is in great
measure controlled by the range Of prices on this
| side, and when flmness and steadiness attend the
course of our market, it reacts Liverpool, as We
note particularly the following lines in several circu
lars: The advices carried out by the Africa show
ing slight diminution in receipts and the manten
Of high prices at the Southern ports impaired
higher tone to the Liverpool market and swayed price
upward" The war reports, however, seemed t.
check speculation. However, there will be heav,
weeks business in this market to record Saturda
next, unless the Europas advices should be of Dc
pressing nature The large exports Of cotton yestel
day for Russia have been in the course of shipmen
since December last, and the greater part by on
house. The continental orders will be largely il
creased next season, and our market will be, ,fayore
| with a GOOD share,