New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-07-27
Nsh 0rleans lailp Crsstsnt.
FINANCIAL AND COMMERCIAL DEPARTMENT
Nstu 9rIsans 9tloneu Tflarktt.
CaEsoksz orrrcE. No 70 Camp street

Thursday Evening, July 2s IS50
II king all things into consideration-hi ad-
verse intelligence from Europe being one Of the
things he great losses on cotton another with the
thernomes err at above OFT must be confessed
there s very little time to consider Of long none
tary articles. The calls on the banks for discount
for three days past have been, with the prominent
banks, about ~ times above the income. We do
not learn Of any transactions on tbs greet though
there are few now and then at the rates of TO- IL
and l33 get. for good mortgages. With the excep-
ton Of these few items, we might as wei say there
10 no money market: in fact some of those Pct
gentlemen say that they cannot find sale for
solitary piece of paper. large majority Of these
inestimabie members of the body financial are now
absent, Disturbing their gains realized in this ssty
In fact, the calls for money from the North con-
tinue on large scale, confirming the hitherto i'm.
pressions that our community purchased too much
merchandise in New York last fall.
The European adyices, up to the 7th brought by
the Africa, have been duly considered by those in
terested, and deemed as greatly depressing. The
recent failures in London have had most injurious
effect on the Liverpool cotton market. They COM
meneed to slaughter cotton during the week end
ing the 18th inst, and when this Strengthening will
end time alone can determine; but our views are
that the lowest quotations have been realizedthat
sgd. is about as low as good cotton or middling
cotton should recede. The bills to be returned
from Liverpool drawn against cotton on the Messrs.
Conbrough amount to fs5 600, or about $40 600.
Several thousands of pounds sterling fall on Mobile,
but very little is held in this market (New 0rleans)
beyond the amount that is protected by bills of
ladng or documents. 1t is not perceived how OF
where there is any safety in having the custody of
bills Of ladng, particularly where there is very
little margin allowed and cotton being forced off at
55@53d., and some at lower figures, but very little
at higher rates than Cd.
The ninth annual statement of the Crescent Mu-
tual Insurance Company will be found in our
columns 1t holds its own very well. The follow
ing figures denote the losses paid for the last fiscal
year: s6l2, 456 The losses paid the year previous
were s49G,277. The losses for the current year. or
last year. were considerably in excess of the pre-
| vious year. The capital assets of the company
| approximate nearly one million and half dollars,
and composed Of the very best of securities, of
which sl22,259 is cash in bank. The scrip divi-
dend for the last year is 30 ot which will do very
well. The dividend the year previous was 40 get
But it is well enough not to make dividends too
I
Onand after the 18th August (next month"; the out
standing scrip Of the year 1s57-say SO yet. of that
year, or SIPS 0O0-will be paid out, besides get.
interest on the scrip of ls5s-'59 which will throw
about 100000 on the market which, with the div
idend of thu. louisiana State Bank on Wednesday
next, payable on the 10th August and the dividend
of the Citizens Bank and the dividend of the
Bank Of Louisiana, say 10 get, will throw on the
market about three fourths of million of dollars,
| which will help along. The dividend season-the
season of blossoms-s now over for the year 1860.
The movements in Stocks and Bonds since our
last comprise 100 shares Louisiana State Bank al
1871, and 5000 Opelousas Railroad Mortgage Con
structon Bonds at SO. The bonds of this road
ought to command higher value, though if tbs
public do not desire to aid this great enterprise
they neglect their own interests
The Exchange markets. $3.50. The counter rate
for checks on New York at the banks rules from
al prem. Outside, there were some double Al
sold at prem and good to fair at from down to
J. Sixty days sight ranged from sol to lt6li
dis. There have been sales of Havana sixty days
sight at the latter fgure-l4 dis In Sterling, we
No Document Bills offering sufficient to make a
quotation. Francs have declined. We quote: On
outside ports, 5.l7lG15.l34, and on Paris direct
5.l2a@5l0, with downward tendency in all kinds
and descriptions of bills.
The following were the quotations in the New
York Exchange and Money market on Saturday
last:
f4ct. per aunum