New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-08
Nsh Orleans Bulb Crestsnt.
WEDNESDAY MORNING. JUNE 4 Ia5a
Nsiu OrItans Mlunsu Tlarktt.
csrsorsr o,,cs. No. 70 Camp s,r.s.

gtb 0rItans Hlousg Nlarhtt.
tuesday Evening min 3 June Hs3 7, i 49,
Nothing of an important character turned 10 to-
day in the financial market. The telegraph brought
several unfavorable dispatches regarding failures
and suspensions in New York, some Of which are
connected with city. The private correspondence
does not read satisfactorily only for buyers of paper
and holders Of money. The Bears in New York are
Of striving to make the most ont Of the large
shipments Of coin to Europe, which are in some re-
spects orninous. The branches of European houses
intend to fory their principals at the expense of the
New York banks, and the New York banks and |
bankers expect to receive from our good city in
way Or another, fully five millions Of coin. In add
ton to the constant drain of specie from New York.
which is brought about from profit being realized
as well as to settle for the enormous mportations of
dry goods and general haberdashery great deal of
which might be dispensed with, there are large re-
CARNATIONS for losses on cotton to be provided for,
which, if not carried out or complied with, will send
the parties to the wall. Some private letters state
these reclamations amount already to large sum,
and will in all probability reach ten millions of dol
lars However, this sum is nothing, if the parties
can meet it, as their large losses are not like great
something returnable in commercial disasters
In our Paper and Money market to-day there were
some few negotiations of March and April paper
cotton and sugar factors accepances at the rate Of
81 and get, of course there were some tonsorial
operations The calls the banks in the aggregate
were not large; check has been given to specula-
tive tendencies which will prove advantageous here
after. The accounts from the country Of the grow
ing crops are highly favorable though in some sec
tons there complaints of want of rain yet take
all the changes of the elements into consideration
there are no grounds for murmuring. We were fav-
ored to-day in the city with good shower Of rain.
If the country was similarly favored, there will be
very little cause for complaint. ..=...
The Exchange market was as active as usual at this
season of the year. The counter rate for checks on
New York was uniform at prem. Double AL draw
ers, outside, sold at and GIG prem. No transac-
lions in short sight In Sixty days there were some
transactions at /, and get dis. In Sterling there
were no sales of Importance of clear bills we quote
them at l093@ll0. The banks ask ll0a@1l1,
great difference. In Document bills there were trans
actions at 1903; we quote from 10s2@l094. There
xera come few transactions in Francs between the
figures 5.l7a and $40 on Paris direct
| There were no movements in Stocks to-day. Some
Gas Light Company was offered at 14s@15O without
meeting buyers. few shares of Southern Bank
changed hands at los. Four hundred and fifty shares
Of Pontchartrain Railroad stock are to be sold by
auction on the 18th inst 1t is almost unnecessary
to alude to the Stock Market embracing bank shares
railroad stock and bonds as there are no sales to
justify quotations holders are awaiting the diyi-
dends.
| The meeting of the Stockholders of the Tehuante
pee Company was not productive of an immensely Of
benefit to the bill holders and still less for the hold
ers of stock Private advices from New York to da,
aude favorably to the affairs of Messrs. Hargous
Brother; we hope every succeeding dispatch or com
mnnication may add to the same. But we have GU,
doubts.
Our private adyices from New York Indicate thai
there have been large losses on sugar to importer.
from Cuba, New Orleans and other points, in New
York, Boston and Portland, some share of which i:
to be debited to New Orleans. This operates against
Havana Exchange on New York, forwarded here 70,
sale. 4".. "".
The following from a New York paper of the 81
inst. comments on saccharine:
The condition of the trade in Cuba sugars and III,
heavy stocks in the market at present. attract atten
ton. New York is made the favorite depot of TIL
trade OF late years, and the disturbance in Europe
which renders the English market uncertain an,
partially shuts out the French and German markets
has tended to increase the shipments from Hayan
and Mantanzas to this port. The entries the has
week were OF the value of 81 100000, including me
lasses, and about 900 the previous fortnight
The stock OF sugar at present on sale or waiting
market abroad, is reckoned this morning as follows
as against same time last season
... June ], 1859. June 1. 1853,
Roses eAuS 80. ..''.''''''' aIess 3s, ~
81 3l Is 1sad
The Spanish houses in New York together witt
four or five of our old American commission firms
are the principal nsignees.
The Cincinnati Gazette of the LIST, speaks of tn
: money market in that emporium
The week has been comparatively quiet one il
the money market. Bankers have been somewha
cautious in their movements but still the demand fo
money has been so moderate, compared with the sun
ply of currency, that thy n1e not hesated to taxi
all the acceptable paper offered at l0@12 pct ant
matters, so far as regards the legitimate wants o
. business classes, continue easy with healthy ant
steady appearance, in the line of local interests.
y Eastern Exchange may be reported scarce, ant
rates are very firm. Bankers bought, to-day to .
very considerable extent at the selling rate-1 prem
and in some cases dealers refused to sell to out
siders except at an advance. Our quotations how
ever, represent the prevailing rates. Current move
ments indicate the probability of temporary ad
vance, but there seems to be no likelihood Of hghe
rates being permanently established; and for thi
reason, most dealers disposed to work through
possible, without changing the figures. The suppl
from mercantile quarters continues very light bi
there were some slight indications in the gener,
markets to-day of change for the better in this re
gard, some disposition having been manifested t
move produce. New Orleans sight is dull at la
dis. buying, and par0l4 prem. selling Thirty an
Sixty day bills on the East are taken at equal to ca
s Vet. per annum-the inside figure for tirst-cas;
Gold is in good demand for shipment at 40 prem
The supply is light, and if any considerable local d,
mand should spring up, the rate would be firm at 81
We quote:
BUYING SEILING
New York sight. ......... do@i5 prem. ga 1apren
BosIon. sra AZ prem saGapren
Tnaoepnia. aVet 10 PREM 5snt 4
baltimore. .S7t1 40 prem fsiaHtr eu
new orleans ,..''.......- tehDh4 ds pa 0iipreH
American Gold ....-..,. 251D pr m. 49G50pren
gebitJ Of tbe Tlarkets.
CRESCENT OFFICE, No. 70 Camp street,
Wednesday Morning, June s. 1859
COTTON. There was only moderate deman
yesterday, with sales of about $500 bales at preyio
prices. Mondays business embraced some $50
bales We still quote: