New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-28
gm Orleans Gully Crescent, Saturday Buruma Maa %, 1859
Nem 0rleans 9ailp Grestent.
SATURDAY MORNING, MAY %, 1853.
sYtm Orleans fIontg Ntarket.
CRESCENT o,.IcE. No, 10 Camp street

Friday Evening, May q, 1859. )
The Money market moved along quietly to-day.
Some negotiations Of long dated paper were made at
the rate of s01s1 33ct. The war accounts and the
war talk have had very little effect on the general
financial market outside of cotton operations. The
-four and provision advices were Of too ephemeral
character to have much influence, and as stocks Of
cotton growing less daily in all the ports, it is
hardly necessary to allude to the limited supply on
the market. There several inquiries to-day re-
garding the fate of IL 900 Or Is 900 bales of
cotton purchased for drafts Network, the drawee
Of which suspended payment last week. This is un-
doubleday one Of the several dnsitu operations that
have appeared on the market from time to time this
season. However, it is not supposed that anything
like the value Of $1,000 bales of cotton is absorbed
but merely estimating the loss at $40 per bale, it
amounts to heavy drawback for one seasons opera
tons.
There have been very few large transactions this
week-in fine, every and all things are tending down
to the summer standard Most of the large operators
have taken their departure few waiting the
commands of their constituents but will close up ere
long, there being prospect of obtaining cheap cot
ton for the present.
1t would be supposed from the last correspondence
from England that very dubious state Of political
affairs was expected to arise the announcement of
the arrival Of the Emperor Napoleon in Italy to take
command of the armies of France, but as yet no
alarm, nor great little excitement has followed
this intelligence. The Bulls and Bears are waiting
the result of the first great conflict though in reality
not one of them which whips in the great con-
test So long stocks hold their own, cotton con.
tlnues King, and all the Bulls taken Of all will
be satisfied.
In Exchange to-day the market was quiet. Moth
ing more, however, than the usual quietness which
prevails at this season Of the year The counter rate
for checks on New York was get. premium, with
some of the banks holding at fraction In sight
drafts there were sales to the amount of O0O at
from to 7-l6@9 get dis Sterling fell off, but was
taken at $685. lO93@I1O4 for clear bills and docu-
ment bills at lOs3@1O94. Francs without change.
We quote bank bills at 5.064@5O5 for sight, and
time drafts at from 5.l5@5Os3.
The stock, bond and share market has been re-
markably dull this week. A few jackson Railroad
bonds have been sold also, some Opelousas bonds.
Bank shares have been altogether nominal, and we
omit our usual table of figures. Some Gas Light
Company has changed hands at 1924. There may
have been other Sales but the transactions have not
been made known.
The uncurrent money market has been very quiet
during the week. We have therefore, no change to
note in rates. The issues of all distant banks having
the least pretenslons to soundness purchased by
dealers and brokers. The bullion market has been
very sparsey supplied large quantities of coin and
bullion are expected from the interior of Mexico.
part OF which may come here but the greater part
is intended for Europe, and will be shipped from
Vera Cruz, Her Britannia Majestys officers of war
vessels being ever the watch the bulk of the ex
ntl1r ttan in
on board of some of the soealled royal steamers to
be transhpped at the several intermediate ports for
London as England generally allows her navy officers
carte blanche when and where to go, particularly
when round sums of silver are to be transmitted to
Europe, as in the expected instance to arise on the
receipt of the bullion now due at the Mexican sea
ports. 1t would cost an American naval officer his
commission if he were to assume the privileges
granted to British naval officers consequently, when
We hear of large of specie in Mexico being in
course of shipment, we shall hear and know of Bri-
fish steamers, either of the mail or naval service,
lowering about.
The receipts of coin and bullion this week here are
s2l300O, being what was brought from the Brazos
St. Iago by the steamer Arizona, arrived this morn
ing Part of the dollars sold at 1869. The bull
lion will probably go into the Mint to be transmogri-
fed into bars, and then shipped to Europe. There
has been shipped this week direct for Liverpool
$274 900 of silver, mostly in bars and 100000 for
New York. There is more American silver coin
Offering and the brokers purchasing all they want
at 4@l get off, and selling it out over the counter at
$50.
There is very little doing in land warrants, and
rates may be considered as almost nominal.
We annex our usual weekly quotations of coin and
uncurrent money, being the rates of John Wood l.
Co., corner of Camp and Common streets:
American half Dollars old coinage. s@2 p premium
American quarter Dollars, old coinage premium
american silver new coinage. aG discount