New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-06-15
gen Orleans 3ilonty alarkst.
cHasoEsr qrF.cr, No. 70 Camp street /.

Friday Evening, June "A, 1851 5
The only transactions in the paper market to-day
were some negotiations of twelve months mortgage
paper at the rate off, Pct. per month "a get.
per anuum-a very high rate, and hardly reeog-
nhed by rules Of prudence and safety. However
If people think they can stand d get on mortgage
securities. they must be doing a very profitable
business. In commercial securities we did moi
learn Of any movements. Most of the prominent
ote-brokers have gone on fishing excursions, while
some Others open their Offices more for Formally
than the expectation of negotiating piece OF
paper Exchange brokers are doing nothing real
estate brokers are waiting the good time coming.
Plenty Of real estate vacant lots, brick stores and
dwellings are for sale; but we do not learn that
holders are willing TO sell at war prices. No, that
they are not. The impression is that owners Of
real estate generally are having very good time,
particularly those who have prompt paying
tenants It is doubtful whether there is a tenant
Of the palaces on the grand boulevard, Canal, or
on either Of the most important business streets,
who Is barely selling sufficient to meet current ex-
penses, let alone making, the amount. Landlords
and owners, however, do not generally suffer much
from defauting tenants. Owners of real estate in
New Orleans are not yet on the tenters as they are
in New York. The great city of New York is
doomed. We regret to learn that some large real
estate holders in that city twho earned their dollars
j the South) are suffering that some Of their in
yestments in the upper ten circles of New York
have deprecated 90 et. But this is not all if the
war continues twelve months, Network will be an
outcast from the commercial circles of the world,
and the-quondam citizens Of the South will rue the
day they ever invested in New York.
Thar rl-a+ 70 in az
The tonsoral gentlemen say they are doing as well
as could be expected, that is, loaning out at 23@3
T3ct. per month. The large capitalists and owners
Of money would take irst-class factors paper {if
they could get it) at l3612 58et. per month. How
ever their money is very safe in the vaults of the
banks. If they choose to keep it there idle, it will
not change the course of events. The sun will rise
tomorroW, as usual, and the great Mississippi river
will continue its meanderngs by the city to the
Gulf of Mexico. There have been very light ap-
pHcations for discounts at the banks this week.
The calls for coin have been light, and will be less
next week.
The Exchange market is something of non
entity. Two of the banks are selling checks on
New York at par. We have no objections TO these
banks getting their balances out of the meshes-of
the Northern Government. The sooner the better.
As Lincoln, Seward 4 Co. will be very savage next
month, they will confscate everything pertaining
to the South
There was no movement in sterling today. Pri-
yate drawers ask I00@Iol. The banks ask 1850
LOG, according to sums wanted.
In stocks We have very few transactions to no.
tice. Thirty three shares of the Louisiana State
Bank have been sold at 1913, and some shares of
Bank Of Louisiana have been offered at 100, be.
longing to q foreigner (European, not Northern
foregnerl The stock of the City Railroad Com
pany appears TO be in great favor. We learn of
sales at l02, full paid-pretty well for the times
There has been very little uncurrent money offer
ing this week. The issues of the banks of the
States of the Northwest are thrown out altogether
and if matters go another season, we shall throw
out all their corn, wheat and pork. There is
coed supply Of American silver Offering; it is
bought over the counter at 983@9Sl, and sold at
the best rates possible There have been no re-
ceipts of specie this week.
There is nothing doing in land warrants.
The supply Of Confederated notes is very limited
They are taken in payment for merchandise, and
many parties will be very glad to sell out entire
stocks Of goods and merchandise, and take Con |
federate notes in payment
We annex the rates of uncursent money Of John
Wnad a. Co corner of Carnn and Cannon e+ron+,.