New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-25
neb 0rIeans 1ailp Grestsnt.
PIEaEcIAL AND COMMERCIAL DEPARTMENT
Him @rIeans Nlonsu Marktt.

From briskness and liveiness to dizziness and in
animation appear to be the prominent features OF
the money market at this time. Capitalists and
owners of money have had their own rates for
some weeks but the charm is broken for the pre-
sent. Our banks, under the wise provisions Of our
statutes, are now at the close Of the season flush
and full of resources Bat this strong position
must not lead the public and their customers to the
supposition that they will expand or accede to oil
calls that may be required. In fact, our banks are
now in position to guard against the future, or
events connected with the political aspect OF En-
rope, which may come to pass within four months,
or may be procrastinated for year. There Is no
doubt whatever but what the Emperor of France
is preparing and marshalling his army and navy for
some gigantic purposes known to but few. II the
ruler Of France really intends to have tilt with
England, 1t is hoped he viii go at it at an early
day, and relieve the world Of all doubt and uncer-
tainty. Some Of the private letters recently re-
ceiyed from England are written under fears and
expectations that the entente cordial may be shv
cred at any moment. These surfnises from the
other side have not began to have any influence on
our financial market. The offerings for discount
to-day at the banks did not equal the income. On
tile street there was very little doing. There have
been some neaouauons VI paper, hls'u.ns ne-A'
fall at the rate OF ssa sc1. 'or s'iicay ls. oiass
and reaiiy good, anu other az .e
" ana ~ Sct. Inc amour. u paper = On : 'els
limited scale, ana tnongn tnefe nave neen sohie
transactions below ga rate below that Is not quo
table.
The European advices received to-day were gen
efahy o. i1ghiy iasorapie hature. ine hahs
bills OF exchange drawn against COTTON shipments
TO England are belieyed 70 oe feahy saie shat r
protected. IL is great reiieI 70 many pa.ues'
drawers as well az holders. moreover, We earn
that the bills on London OF large operator winch
have been commented on N financial circles az
being noted for non-acceptanee, have been prosld-
ed, which made the holders feel very comfortable
to-day. Adyices were also received to-day that
sundry bills, drawn for account OF the large opera
1 tor towards the clese Of the month OF March, and
which went forward at the time with the exchange
have been honored, and the cotton against whlch
| they were drawn is now part in warehouses mere,
part on shipboard, and otherwise out Of the control
of the holders of the bills Of ladng and documents,
and the purchasers Of the exchange. yery IN
| pertant question may arise, whether the drawees
and acceptors Of these bills can be compelled TO
pay the amount? Can they say they have received
or are likely to receive due consideration! WI
they adopt this course, or will they pay the biis
will be subject about the time the bills mature t
be thought on. Will they pay the bills as accept
ed, and trust to chance for receiving the cotton o
the proceeds thereof?
The Exchange market was very feeble to-day
languid all round at the rates asked when were
act prem. at the banks for checks on New York
and s@7-ls prem. outside. The buying rates a
the banks were a@4 and fraction over. fher'
4 were some sales of sixty days sight OF 30l dis
extreme range being from a@l 70 1s@1i dis. Ii
foreign there were very moderate transactions
m sales we're for remittance at 1885, making til,
rates ~. s range from 1os11oga outside and llo@llo
,s;Ils taren n 1os1
the banks es Msne ssn Y
extremes peiis iossssaVo. 80.
ua ,"a ~ 30 nsosa;nr - snms wanted s95ooo
No. h,,,;on ana co;n have been received with
IN silver paihoh anu com n'se 1eea $500 s,
~ sas pa aaa s~ The dollars we learn wer
on"se 1ns1a,oo1 rhora 4,
sold at the msh ngures OF iVe.eDioe4' iae.e ~
some more eApeeseu iloi'i ~ ~
In stocks to-day we learn Of the sale Of 80 share
Bank OF Louisiana at slis' ana iao shafes 'aehso
| yoS, nj ia yarv liftJn Il asira pvinnn
hanoau ~ 9's. 5Ahete % ~! $3.50 e' = -
| w setA az VAC Pisseai Pti5 -.
| We learn that the necessary amount OF capital
| e9zn nm having ham anhserihed to reor1aniz
$500 90. ,1,a, con,,,a nv a
~ r. .et;,.
aue " a.. :. a., nv l. 80 mo
D.s.nv' az t;xe
.nn..4a.; 'a,as 49,, = N'.eS -
M or;,,,;,,, ,oro, mor,,at II annaars 10 tole
i
| rab1y trlt from the following remarks OF the I9t