New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-03

Neh Orleans Dailp Cresfent.
FRIDAY MORNING, JUNE 3, 1859.
geh ORLEANS zlontg Markst.
cREsoErT OFFICE. No. 10 Camp street,

CREscErT OrYICE, No. 10 Camp street, !
Thursday Evening, June 2, 1859
There was decided aversion to large operations
in every branch of finance Holders and owners of
money were inclined to hold on, unless they could
realize exorbitant rates for the time being. The calls
on the banks were beyond the desire to accede to-
The discount line Of the banks is large as it
ought to be, yet some people will keep pressing them
who have been large recipients. Admitting, az we
do, that the banks all largely within the limits
prescribed by law yet, precaution is the parent of
safety, and it behooves all bank managers to keep
strict look out at this juncture. We will ask ques
tion and then we can at the same time answer it.
Is it polite course for bank to give Messrs. Tom
Dick and Harry all they ask for, so they can put
their affairs in good and safe position and embark
on tour for the North or for Europe, and overlook
the wants or claims Of many meritorious citizens
who have to remain the entire season, particularly
many hard working and industrious mechanics who
are engaged in building or other improvements and
who are the very sustenance, the lifebood of com
munity? We hope our moneyed institutions will act
discreety and wisely at this juncture and dispense
their favors with an eye to the general good Of the
| community. We have no fears whatever Of the war
in Europe, as influencing the financial position of our
city, for veal or VICE. Of course it must be received
that commercial interests in some respects will be
more or less affected by general war in Europe but
the spirit which is now in course of terminating in
Southern Europe ought not to be the cause of the
alarm to our local and resident capitalists par
ticularly at this late period in the season. True,
troubles may arise as they have already, with some
few parties who possessed with large share of
the milk of human kindness, and have been too free
in the issuing of their name for the advantage and
interest of planters and country merchants. The
system of advancing crops to be raised is an in
cubus the of our city, which we despair
Of ever being removed.
The steamer America from Liverpool, with the
weeks advices up to the 2lst May was announced as
having arrived at Halifax, with rather depressing
advices regarding cotton in fact the intelligence all
round, and all about, is unfavorable. We are think
ing it will be hopeless task for any improvement
for few weeks.
The Exchange market was dull, exceedingly dull
1t could not be possibly otherwise from the general
accounts received. The counter rates for checks on
New York was and I. There was very little sold
at the latter rate. Private operators did very little
to-day. There was fair demand for sight funds on
New York at nominal rates. that u.s. from par to and
prem. There were sales Of round sums on New
York at prem. down to 4. Time bills on New
York were somewhat in favor to-day, being held at
l9l and Ii yet. Some SO 900 were closed at late
hour at and II dis. The market was very firm. Ster
ling we quote at los3@lo9h for Document bills 1891
@l10 and ll0l for remittance. Francs without
change; we quote 5.l2!@5.lo up to sos. In ou
market We have very little to say on operations.
fact, they are almost too limited this morning t,
give them moments consideration.
There were no transfers of stocks to-day. Holder
are firm, and likely to continue so for the present
Comparative rnlue Of Exports Produce oretg
countries from The port and district Of for III
quarters of the ending the st March yea
| for sir years:
1881 -, a.,