New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-20
1eh Orleans 1ailp Gresttnt.
FRIDAY MORNING, MAY 20, 1859.
Nem OrIsauSHlonty Mlarkst.
CRyscEsT OFFICE, No. 10 Camp street,
Thuysdou Rro,fnu H., JSY

gsbo OrlsanssHloatg Hlarktt.
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The general money market moved along very
quietly to-day. War accounts are talked Of one |
minute and forgotten the next being Of too limsy
nature to merit second thought. The Bears, how
ever, are hard at work in stocks, bonds and paper
We should like to be informed, however whether the
flaming accounts from Europe ought to have any or
the least effect paper based on the sugar crop Of
louisiana and after cool second thought is duly
considered it will turn up that cotton ought not to
go any lower than an average price Of 10 cents y Ii.
There is one thing very instructive, and will serve to
dispel the unnecessary excitement-that it, the CO.
partners the acting agents of the DID, the strong and
long established houses have not received any in
sructons to suspend operations refrain from the
regular and systematic course which has governed
their movements the entire season. The decline or
falling off in operations is feature Of the trade Of
our city. There never has been year since city
has been mart of commerce and trade but what the
month of May has been marked with general clos
ing up and departure of dealers and traders and
though the present position of affairs in Europe may
have fastened some isolated parties to withdraw
rather earlier than contemplated, there is nothing to
warrant the presumption that their movements have
been provoked by the disturbed condition of Euro
pean politics. There were some negotiations Of pa
per to-day, maturing next season, at s@sa get.
Capitalists, however, will not realize much increase
in rates. There sales of long dated paper at the
rate Of get, and short date at Z, 7!@s get The
offerings on the street are SO very limited that the
competition for high grade signatures and even good
to fair, is apparently the increase. The offerings
to-day in bank light, and hope the present
| ,1
The great Bear talk will have only partial effect
Affairs move along very quietly. There are several
operators in stocks watching very closely the course
of the market, and ready to pounce all shares and
stocks of our city and State. There is singular il
lustraon of what timidty will do in recent events
since the war news has been on the taps. A holder
of hundred shares of the stock of of our banks,
becoming rather frightened, ordered it to be sold
through six different brokers' and we have to reprove
the injudicous movement of employing six different
parties to dispose of $4,000 value of bank shares,
each party running thither and hither on the same
intent Then there was another holder of IS shares
of another bank, and that in the hands of two
| more brokers. This is very foolish course. How
ever if holders of bank shares and other securities
are intent on fright, the they sell out and
then clear out the advantageous for permanent
holders and strong operators Some folks regard the
exchange operations of few of our banks as likely
to entail losses and of bear down strongly
some stocks. Unfortunately they make no dscrimi-
nation, for they bear down on the Bank Of America
that has not dollar of foreign exchange, and only
IA or SIG 900 domestic, the as on larger banks
| This evinces the inconsistency of their views.
In Exchange there not much done, more than
the banks all putting their sight funds on New York
at prem. Outside transactions there were sales of
good sight drafts at prem. The demand is falling
off. In sixty days we have no change to note, and
continue figures of yesterday, {, 1@la dis.
| Sterling was not strong to day. We note sales of
clear bills at 1lOl, quoting from llO4, 1l03@1l1
Document bills with good margin 109l@l093
Francs without change. We quote on Paris direct
5Osa@5O64 though if Paris is to be declared under
martial law, it might endanger exchange.
The Canada's advces from Liverpool were received
to day. Scanning them closely, we do not discover
the numerous war reports as being of SO extraordi-
nary character as to warrant the attention given
them. We have nothing of decisive character re-
garding cotton, and after the game of brag is ex-
hausted by the Manchester spnners, we will look for
more regularity, though low prices-that is, G@Gad
will undoubtedly prevail for some time.
We append below the movements at the Branch
Mint in this city for the months of March and April
The great demand for silver for the East India mar
ket draws the bulk of the shipment hher direct to
Europe. The Mint is at all times prepared to
facture or transmute bullion, foreign coin and gold
dust into legal coin of the United States at the rate
of 5000 900 u week. and by increase of force the
amount can be extended to 100000 % week, Or at
the rate of over $25 900 U anunm. 1t is not how
ever very probable that its capabilities will for the
present be put to this test. The greatest induce
ments are however, held out to the proprietors of
the mines in Mexico, merchants and traders con-
nected with the trade of that country to send all the
coin and bullion which will under their control
to this market, particularly in the active season of
the year when shipments are intended for Europe.
At certain periods of the year exchange on London
presents the greatest advantages If the foreign de-
mand for coin and bullion is slack, our Branch Mint
can be used to turn deposits into American coinage,
which will generally pay profit over cost in Mexico.
The deposits Of bullion for the present month at the
Mint are liberal. There is very little gold dust re-
ceved from California and not likely to be much, as
the Mint in San Francisco absorbs the greater part of
the products of California.
s.atemetofn lie Deposits and aaqe atthe Branch Of he Mini
' GOLD DEPOSITS, March.
Se old from other sources II 81 sl5co2s
California Gold. ......... 5,97 Il
Gold fro ether 4S5 80 Sl4 42 80 SiiS2 "a
SILVER DEPOSITS, March
Silver extracted from Cali
fornia gold. 10 b3
Silver from other sources IS? 1873 20 2S3, 536 90
April
Silver extracted from Cali
Silver from other SOL 50 9s4l IS ss7sss 4t
GOLD COINAGE, March,
i''O po"0's SILVER COINAGE March s''''Y'
70 IseS SSS e es' no Doiss s's s5sSS
| 100000 Dimes 1bUD
$50 900 Half Dimes...,.... $4,000
$4,000 co
Il Silver Bars......... ls0,449 4G
April
10000 Half Dollars IS 900 ~
l400OO On .rer Dollars, $4,000 10000 90 s475 449
8ebieW Of TIE I(arhsts.
CRESCENT OFFICE, No. 10 Camp street.
Friday Morning, May co. 1853
CoTToN. :. The market opened yesterday with
fair demand, and some 1900 bales were sold before
the Canadas accounts were made public, mostly a
lie. 3a ID for Middng. We heard of no transaction
,4,p1l t,J