New Orleans daily crescent., 1859-05-31
1eh 0rleans 1aiIu Gresteut.
TUESDAY MORNING, MAY 81, 1859.
Ysm 0rItans Hloutg Market.

O.. D
Monday Night Way 20, is59 !
The lateness in the season obviates any extended
remarks on daily operations in the money and paper
Market The foreign advices which were laid before
our readers this morning, did not have any effect
though deemed Of a pressing nature. There was
very active demand for cotton to-day, and with the
limited stock on sale, the GALES were large which will
throw on the market some Exchange and prevent
any advance in rates for two or three days The Of
ferlngs IN bank to-day were largely beyond the in
come Yet, the banks are fortified, they can pass
over the differences in receipts and discount all the
good and satisfactory paper offered. On the street,
and through discount brokers' there was very little
paper passed-some and mos. factors accent
ances were placed at the rate of 81 and ct which
will be the ruling rates for sometime to come even if
all Europe go to fighting and test the qualities of
gnnpowder. 1t is supposed that every one engaged
in financial and commercial transactions is aware of
hostilites in Europe, and that the course of COM
merce is in some manner, dependent on the political
attitude Of the rulers Of Europe. The teIegraphic
advices received this evening are deemed in the
commercial vocabulary, blue 3" yet, blue as they
are considered they not SO blue as they might be-
The hungaran's advices of the 18th from Liverpool
were the latest on the street to-day. Cotton was,
however, in active request subsequently to the re-
ceipt OF these dispatches. There is very little of the
staple on sale at this moment, and whether bold
game to force up this market and then sell out is not
one Of the features, intentions, of toays opera
tions, remains to be diyulged.
The accounts at hand to-day from the cotton.grow-
ing sections are Of favorable character, and with
only an ordinary season out, all paper based on
growing crops, will maintain its present good yalue.
There were several transactions in Exchange. A
good demand still exists for New York sight finds.
The counter rate at the banks for checks was act.
PREM; Double AL private drafts were taken at and
get. prem. Fifteen days. sight was sold at and
prem, and sixty days sight at /, 14@l4 get. dis.
The market closing in favor of buyers on the general
run of bills The foreign exchange market was dull
very dull Dealers paid for clear Sterling lO9a@10
and Ito. For remittance the demand was limited,
but we quote from l10@l10} with bank drafts at
llO5 We did not learn of any transactions in Docu-
ment bills Francs quiet-the rate ranged from s.
@5O6l, with bank drafts being held at higher figure.
The Stock market was dull decidedly dull The
only movement heard Of was 10 shares Merchants
Bank at LOG.
The last advices from New York quote decline in
Foreign Exchange. We think it is about time for a
falling off in the expectation of coin after reaching
5000 900 in one week, with further large sums
ordered for this week. But as gold is on the decline
in England, the shippers of gold even after saving
Insurance. by not patronizng Insurance Associations
will not bring cost, nor yield profit in England. at
the last quotations.
Comparative condition of the Banks of Net, Orlean.
on the last Saturdays Of Ap'a and May, 1859.