New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-04
Nw @rans 1aiy Crescent, Saturday aNornima sune L. $50
Nsn 0rleans 4aiIp Gresfsnt.
SATURDAY MORNING, JUNE A, 1859.
gth OrItars Nlontg Wlarkst.
CRESCENT OFFICE, No. 10 Camp stree.


money market. Beyond the ordinary discounts at
the banks there was very little DONE The calls or
offerings with majority of the banks were in finan-
cal parlance, heavy, and the reflections were above
the average nevertheless, all good and strictly legi
innate business paper or large share of it, with
some exceptions, done, the phrase is 1t must
not be forgotten that banks at this moment have
discount line largely in of previous years
that they obliged to according to the laws,
which laws very stringent. The impression pre-
walls that there is considerable made paper afoat
that there parties concerned in speculations or
wouldbe specuations, who rely the banks for the
passing of everything they may offer. Our banks,
and ALL have certain duties to perform to their
proprietors and the public. They are all in strong
position at this time, and it behooyes them to con-
time SO. Nevertheless, with all their watchfulness
and care they may accede to solicitations which may
result in partial good to few ndiyiduals-that is
there may be opportunities to favor paper the pro-
ceeds Of which may be used for speculation to be
taken out of the State The deposit line of the banks
will tomorrow show some reduction. OF course, it
is not expected that 900 of dollars as deposits
can be retained here at this season of the year,
against $l4 62s 600 last year, 1858 $l1 527 S5l in
1857 $3.50 IL in 1856, and $l1 s14 ,723 in 1856
Outside Of bank there was fair amount of money
to-day without any large negotiations being effected
1t is unnecessary to contend that lenders of money
and buyers Of paper have the call There is very lit
tie choice paper offering, and Of good and second
class the supply is not large that buyers have not
large scope from which to make selections. Choice
and good names COTTON factors acceptances) range
from sa@9, and good to fair from 81, I0@ll get
The amount Of choice that be placed at inside
figures is, however, greatly crcumscribed. First
class mortgage securities range from S@s4 second
class 8, l0@ll get, and while choice and good mer
camille signatures range before stated there are
other ruling towards third-class, which cannot
be placed better than to l4@l3 get. q month. In
fine, our small operators must live as well as the
large ones.
The Exchange market was very quiet to-day. The
banks did not seem inclined to purchase largely,
either on New York or Europe. The banks sold
over the counter at s@3 prem, the latter figure be-
came obsolete towards the close Of business, and
large sums of bank checks were to be had at prem
Double Al outside sold at J, 9-l6@S prem. Good
sight drafts based on produce to be had at to
3@9-16 prem. But some agents having funds to In
vest seem to think that the very best Of signatures
are to be had at }@a prem.-that is, some parties
expect when sight drafts are selling at OF more,
less than bank checks they occupy the same stand
ing as bank check, not considering that bank
when buying at get. less than its selling
rate of checks has to the vicisstudes Of trade
and exchange. On Saturday last there were sight
bills on New York sold at par and PREM bought by
parties willing to run the risk, il any; yet, three
fourths of those RENTING would not touch such bills
with ten foot pole, (and they will be paid promptly
presentation) yet think strange they cannot OBJ
tain checks from our banks at about the same rate
In time bills we did not learn of any transactions.
Some of the banks were not buying, and others did
not care about making offers. What small transac-
tions that were closed were within the range of FOL
and Il dis. A sale of some Havana drafts at sixty
days was reported at dis. There was some few
transactions in Sterling at 1094@l10, the extreme
range being l09a@1lo4. According to this, docu
ment bills would range at l09@l09A on Middling
cotton at l04@l03c. At both figures it is reported
there have been sales made. Exchange on the EN-
pire is almost out of favor, and only required for
travelling purposes, and occasionally for remittance.
We quote from 5l25 to 5.l0@5.o73 for commercial
drafts on Paris at sixty days Banks hold and sell at
5.06i@5.00 On Bremen there have been sales at 70
per rx dollar.
The stock and bond market continues quiet. We
have only heard of one actual SALE which was some
Mechanics and Traders Bank at 1921 and under the
great disparity Of the views of buyers and Sellers we
do not look for any sales worthy of note for some
time to come, the of dividends will arrive
long, led off by the Canal Bank on the 9th inst
We, therefore, omit all quotations of Stocks bonds,
and other shares.
In uncurrent money there have been as large trans
actions this week usual at this season of the year
The rates of such as is daily offered will be found be-
Rrotya on CTR 70 tab
all kinds and descriptions of distant bank notes.
(even those which not genune) as also all sorts
Ind descriptions of gold and silver coins, gold dust
aud bullion. The receipts of silver this week have
been limited. A small amount of Mexican coin has
been received from Tampico, which brought good
prices, say LOG for Mexican dollars The Branch
Mint offers to all advantages for recoining or trans
nuting bullion into bars or into COIN At this present
the interests of the country at large and the
rade of New Orleans will be greatly subserved and
promoted by the abrogation af the Treasury and
lint order restricting the price allowed for standard
liver to 2la and placing it at the old rate of 224.
Mere is no fear of our having too much silver coin
does not depreciate deteriorate like other mer
handise say cotton sugar, tobacco flour and so on,
ut will hold its own at lD2 fact. below lOO--as
ong as gold is considered the standard of value
Some chera'iers dindustre have been quite sue
essful in many parts of the country say New York,
'hcago and several other places in the West at |
iemphis, and street of fame and finance,
ne de Camp, in passing off one hundred dollar bills
f the Brighton Market Bank. brighton, Mass,
ear Boston.) The engraving and notes of the issue
re acknowledged by the bank to be genuine, the
gnatures of the President and Cashier being forge
es The amount taken rue de Camp is sixteen
undred dollars only. The last heard from the in.
ustrious individual, lie was at Memphis, where he
ad succeeded in passing some few hundreds. Coun-
~ merchants and traders will do well to keep look
ut for all oerers of Northern bank notes they have
o business in the Southwest at this season of the
ear. Texas will undoubtedly be field for opera
ions.
There is no demand for land warrants, and prices
re about nominal.
Letters of credit negotiable in any part of the
vorld and any other facilities to be had through
ur banks and general exchange dealers.
We annex our usual weekly quotations of coin and
ncurrent money, being the rates of John Wood &
o., corner of Camp and Common streets /:
half Dollars old coinage. u cent premium
osGs old coinage premium
excnn Dollars sold q cent. premium
panish P1liar DOLLARS SOS u cent. premium
I've ranc 95ll9Sc
sop4 80
aifofnia Coins l0g2 % cent discount