New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-30
NsD 0rlsans 9ailg Grsstsld.
FINANCIAL And COMMERCIAL DEPARTMENT
Ysu OrIeaHs Mcnsu Ularket.
ca.scrsr o,y.er, No. 70 Camp ss.se.,

n ID
Tuesday Evening, Nay 90 1868
The general financial market moved along to-day |
on the summer order. The calls for discounts at
the banks were moderate, only about equal to the
income On the street there was very little doing.
Some small capitalists we're on the street looking
for something choice within the figures Of 9795
o'ner large operators (wlio, by-the-bye, are few
ana far between just at this momentl we're pre- |
pared for anything nice that might be offered at
low rates. The general money market TODAY
ruled at much lower rates than ii aid last year AZ
TINS time. On May 70, 1859, the street rstea sor
long dated, good paper were s@I0 5sct Ana o,,,er
names l2@15 get. There were transaf.tions -
in January paper at s0sa get, and great des;rs
eyinced by some parties to obtain Al and good na.
per from 81, s@ea get.
Although there are accounts from some isolated
sections that the sugar cane is doing very well it
is useless to attempt to disguise the fact that there
is great want OF rain and that the plant Is suffer
ing seriously. Moreover, the very low stage Of
the water in the Mississippi prevents any irrigation
being carried out and although there are no COM
plants from some quarters, they are numerous
from other sections. From the adyices received
from Texas, the sugar crop for this season in that
t'e~sS PteN0S
utiye prospect but IL it reaches these figures it
will be larger than last year. The general ac-
counts from Texas are thus far encouraging as re-
CARDS corn and cotton. Wheat is cut short, which
causes the Texas markets to depend on New Or
leans for something more than the quantity shipped
from here this year. There not being any banks
in Texas, the citizens generally have to depend on
New Orleans, through their agents at Galveston,
Houston and other places, for the usual facilities
to move the crops to market. Texas has been toll
erably well travelled over this season. Every VII
lage, nook and postofice locality has been visited
by Northern agents and drummers, solicitors for
all the increasing productions of this rich and fa-
vored State. The question is asked, is there vii
age county-site postoffice throughout the great
Southwest but what has been visited by these
agents and pseudo merchants?
Our city dealers and merchants complain that
their collections this season for merchandise sold
last year have been bad in fact the country has
not paid up here, though it may have pursued o
different course towards the New York, Boston and
Philadelphia vendors Mdis n'inpo,1e, II the North
merchants will now be as liberal as heretofore
sell as freely to the South, our merchants will,
in all probability, realize the amount due them out
of the purchases in Northern cities this season.
The Exchange market was not SO lively to-day.
The asking rate at two three banks for checks
on New York-that is, ! premium-was not re-
sponded to. There were some very small sums
taken at !. The market, the demand, the desire to
sell, will not allow Of higher quotation than
get. prem. There were good drawers Offering to
sell at prem, which confirms the weakness OBJ
servable at the close of business yesterday. In
time bills, the holding rates to-day for good sixty
days sight on New York were I, d@l get. dis,
with very few bills making. In Sterling there was
q very moderate inquiry. Seine drawers held at
l09l@lo9a, and even at ll04@l10a. There were
no document bills offered before 2 O'Clock to-day,
and we can only quote such sterling at l0SlC0109.
In Francs we did not hear of sale. The supply is
light and SO is the demand, and we can only quote
on Paris directcle bills at 5l6i 5.I5D5.l TO- and
bank drafts at from 5.06405, with very light sums.
Some Of our exchange dealers draw on almost
every point or city throughout France-say on
fifteen to twenty agencieswhich gives all travel
from this section great advantages in transmit
ting their funds taking them with them in person.
The Stock market moves along $3.50. The larg-
est operations are in Gaslight Company stock. The
movements are conducted with so much secrecy
that 1t is difficult to arrive at the real bona fide
y
sales, as reported from day to day; in fine, the
Gaslight Company for thirty five years to come, is
fixture something more than a come to-day and
go tomorrow affair-though, per Sc, it can be
called one-horse team, yet it is a hundred horse
team under the exclusive privileges which are con-
ferred OH it. Tiue la Gas. The only sales in
shares to day were 20 shares Louisiana State In
surance Company at 25a, for 20 paid. There was
reported sale of Canal Bank shares, but the price
was not made known. The proposal for the sale
of S37 900 of the Madison and Carroll Parish Bonds
were as follows: 10000 at 95 and interest from LIST
April; 10000 at 81, including interest; 10000 ut
9s, including interest. The amount wanted was
taken out of the first sum above. These bonds
draw a3ct. per annnm interest, and are consid-
cred the best securities the Market or, rather,
to be taken for an investment, as there are none
on the market for sale. They have advanced about
Is get. since they were issued.
POSITION OF TIE BANKS or NEE ORLEANS ON
Saturday n ek, o3a,Osnring ftit tie financial