New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-16

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WEDNESDAY MORNING, FEeaUARY Is. ,sse
Nstu Orleans gtlontg Hlarktt.
CRESCENT OFFICE. No. 10 Camp
Tuesday, Eveniu0. Feb IL

~
Tuesday Evening, Feb Is. 1859.
Under the depressing character of the European
advices brought by the America, our general fnan-
cial market opened this morning with great apathy
and sluggishness, and continued 80 on the street
during the day, some Of the most prominent dealers
and brokers closing before the usual hour to take
cool and calm reflection on the intelligence, though
really there is nothing to create unnecessary ALARM
unless the reports that France, England and Austria
are all armng and preparing for something, that is
not yet understood this side Of the Atlantic. New
ertheless, few folks have taken the alarm, and
seem to think that great crisis Is at hand in Europe
II Will undoubtedly prove only great Bear stock
operation; yet it has its influence on cotton. How
ever cotton is more operated on by the increase in
receipts and stocks on hand at the various ports than
by the political events on the European continent,
unless Great Britain should be drawn into the bro
The calls on the banks to-day were large-that is,
they were heavy compared to the income. All good
paper maturing inside Of ninety days is favored. On
the street or through brokers' we note sales Of
$40 900 long dated prime commercial names at the
rate Of get; some good at o. and SIS 900 in small
parcels OF other names at the rate of 10 S9ct and
few tonsorial operations at the rate of Ssct. per
month.
The exchange market was on a pivot to-day. Some
operators did not come to any conclusion-whether
topurchase or whether to SELL or whether to do any
thing, or remain in "statu quo" Some drawers were
for higher figures, and, under an increased demand
for money in New York, sixty day bills on that point
had downward tendency, though there were sales
at L. @l2 and II dis. on New York. In sight there
were sales at to considerable extent. The coun.
ter rate at the Banks was though there were banks
selling to their customers at g.. There were also
sales of sight at one days sight taken at l. and ten
days sight at 1916. In sterling there were sales at
1881 and 1854 nett. Good bills on London were firm
being sustained by the last quotations from New
York. say yesterday, selling rates there l094Ol09f
In bills with documents there were sales to-day at
l07}@l07a. Francs are deemed rather ticklish un-
der the excitement prevailing in France at the last
dates. We quote some small transactions at 1880
s l64 extreme rates being from 22A@5 Is fol
good sixty days sight on Paris direct.
| The stock market is dull with no desire eyinced
either to give or take Bonds are in the same posi
| ton.
| We alluded last week to some important errors
| published in the New York Bankers Magazine rela
tive to the position of the banks in this city aud cor
| rected the error. We have now to aude to the fol
lowing remarks taken from the monetary article O
the New York Evening Post of the It'll
The banking business at New Orleans has beel
very profitable for several years back and the div
dends Of the banks, on an average, equal those PAL
in this city.
We do not deny but what the banking business i
New Orleans has been tolerabe profitable, but it e1
cites our rsbe faculties to think they have not pal
dividends only on an average with the banks of th
city of New York. We will take the last year in gu
leading banks and we find they have paid as follow.
NH.