New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-08-16
ea 0rleags Nlaneg alafket.
GEEscEsT OFFICE No. 70 oAnpstrsst,

ThIfrsaay Evening, August u. 1851 s
TIE fine weather to-day, following that Of yes
terdays impaired a good feeling. The growing
crops Of sugar and cotton have thus far been most
provdeHtially favored, and with only ordinary
weather for the next forty days ne shall have the
pleasara of recording the greatest crops ever
raised. True in some sections, but isolated there
has baen more rain than was wanted; nevertheless,
snpsFRbnndance of rain is far preferable to a
long and dreary dronth. A drouth destroys, burns
mp. as il we're everything protfacted rains afford
hopes Of a reeuperatioR. Admitting that the crops
have many vicissitudes and casualties to undergo
before they are actually gathered, yet the great
sonta has 50 specially been favored, we indulge in
the highest anticipations for the future.
As for the money and paper market, there were
no transactions to-day worthy OF notice. There is
ggud supply Of money or capital available, but
borrowers or those in want do not find it co1enle il
5alR to aeeede to the asking rates of lenders
What business Is there now going on that will war
rant 2s12a Set. per month usance Owners of
money can keep it in the vaults Of the banks on
deposit is safe, perfectly safe, under the iron
doors and bars Of those dustodians.
There is . desire for speculation eyineed among
some parties. There are would-he buyers Of bank
shares ind other stocks, at margin considerably
aboye panic rates Holders do not appear inclined
to meet the views Of Ronld-be buyers Two hun
bred dollars per share for Citizens Bank stock
hare been offered and refused This is two for
one City Railroad stock is held at almost two for
one. Bank Of Louisiana is held at 1870. For shares
Of ofher backs, the free banks there are very few
ofssing. Holders are wiling to sink or swim with
the future.
There we're no movements in exchange to-day,
unless soma two Thousand pounds Of sterling at
i02 eaabs called movements. The banks hold at
I99@llD, We are asked what the Canal Bank is
doing with its 81, 457 900 exchange. Is this sum,
about one half Of the capital of the bank, lying
idle in London, or where is It'll Some inauistiye
folks are DESTROYS that the Baard of Directors
should order the New York transfer book to be
Forwarded to the bank here. Let the transfer be
SO managed IS not to attract the notice of the mer
cenaries Of Lincoln SO as to obviate detention on
heroute II ID suggested that the agents in New
York will not intimate to Chairman Geo Opdyke
that it The desire of the New Orleans stockhold.
ers that these books and accounts should be in the
possession Of the bank. Chairman George might
get out writ of Injunction, instigated, perhaps
by his associate, our late citizen, Matthew Morgan.
large operation Unreal estate has been closed
within the past few days. The property known as
the tobacco warehouses in the Third District, en-
bracing brick sheds and appurtenances, with one
hundred arpents Of ground, have been sold for
fifty-two thousand seven hundred and eighty dol.
ars, (s52,7s01 equivalent to cash. The ground
measures u arpents front on the river, by DO ar
penta in depth. The purchaser was Mr. Rpbt. H.
Dixey, and b q bargain. True, the same ground, .
with Chinese cottage, formerly owned by cur late
citizen, Vincent Nolte, was sold for account Of his
estate at shout one-tenth of the price now paid.
The present purchaser has, however, a bargain,
and shows confidence in the great sfutufeyof New
Orleans.
The first annual statement of the Star Mutual In.
snrancs Company appears in our columns. The
operstons for the year prove to have resulted
highly advantageous to the patrons and stock
holders Of the Association. The net earned pre-
minus for the year ending the 31st ult were $780,
os7. The total amount of premiums received was
$20ss5sS. The amount participating in profits is
$l5207L The total losses for the year were slD2,-
$50. The capital and assets Of the Company are
Of the most substantial character, and though the
Star is the Junior of our array Of strong Insurance
Associations, it commends itself to the patronage
Of the public from the promptness and faithfnlness
Of lbs management. A scrip dividend Of ~ per
cent has been declared from the business Of last
year Interest Of the rate Of s per cent per an.
mum viii be paid in cash to the original subscribers.
The Office of the Company is now located at No, s
CarondeIef street.