New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-06-18
Gen a'rieans .stlol,cg yElarktt.
CRESCENT i,sF1CE, No. "a ANN street

The week opens quietly There were some calls
for money at the banks, but as they have adopted
rales only to grant facilities for preparing the
growing crops for market, the discounts were few
and far between. It is useless for parties TO at
tempt 10 obtain facilities for travelling purposes.
The banks are all in strong position, and intended
to be Kept 10. They do not adopt the sliding scale
Of interest, as adopted BY the Bank Of England,
not being obliged to as an act Of sGif-preserFafion
The drain Of coin from England, which chiefly
conesfrom the vaults Of the old lady, was very
large fer The last month (sfay) The last steamers
from England. say the 4I3Ena, City of Washington
and Austsalasiau, delivered at New York three and
three quarters Of millions of specie. This amount
Y will NOT help New York much under the present
disturbed state of the old defunct United States
We4have not received any direct Information from
s. New Y qfk since the 9th inst. 1t does not make
much difference. " e snail soon get along without
The friendship Of Wall street.
The recent adFices from Great Britain say that
the weather continued or the most favorable char
acter Tor the crops, and vegetation had made
great progress in parts of the country. These
favorable advises viii check any further movement
in the grain markets ofaN New York and the North
west. Some adyices say that the favorable weather
in England, up TO tile 10th May, was equivalent to
s5a,0o0G00,or lOoe0,0GO sterling to the country.
We really hope these favorable anticipations may
be realized. Good crops of cereals throughout
Europe VIII SO fer, very far, towards breaking
down the supposed supremacy Of the Black Re
publican States Of the old deflnct Union.
A4e haEe m reports Of negotiations to comment
on this evening. Our community is now attaining
that point which will serve to realize how little Of
the dross is really necessary to meet daily require
ments. The note-brokers do not pretend to offer
their services yet there are some small amounts of
good paper to, be met with at from 293 got per
month. There is q large amount of unemployed
money here that is, for this locality and as it is
very safe in tue vaults of the banks owners are
not uneasy regarding the future.
The Teatherco ntinues favorable for the growing
crops. The corn crop, which will be of extraordi-
mary yield, is safe from all casualties-suffi-
Gent rain has fallen to hasten its maturity. Sugar
cane promises the greatest return True, many
Eicisstudes have to be encountered before we
shall have the pleasure of exulting on the prospects
Of at least four hundred thousand hogsheaGls in
fact, the great South appears to be highly favored
BY Providence this season.
The Exchange market offers nothing for com.
ment beyond the sales of ESQ eco Of Southern Bank
of Alabama drafts on London at 1901, and some
counter transactions at our banks at lO5. Francs
sold in small sums at 40 for bank drafts on
Paris direct. All the exchange balances Of our
banks At this time are, with the exception Of
300 in NeT York, in London and Paris being
equivalent to % much dead weight Ask some Of
the executive officers Of our banks if they are
drawing on NewYo rk, ana they aptly and properly
I reply they know no such place as New Yorl,sin
their accounts There were some outside sales of
sight drafts on NewI ori today at "a discount and
sales of bank checks at par. We do not know how
parties can be buying sterling exchange and draw
ing en- New York It does not comply with the
rules of War. For instance, the Southern Bank of
Alabama not being able to sell in Mobile its bills
on London, has been for some weeks past sending
its engrayings over here for sale and being offered
low rates, dealers have been encouraged to in
vestfreely and draw on New York to realize funds
TO cover the purchases. There cannot be any
transactions With New York otherwise than in VIC
lation of law.
The return from the Bank of England for the
Week ending the a5d Of May gives the following
results when compared with the previous week
e osses bsesi'ss BE- ss sssst 9S
3,2Ii9S0 Increase, ..,,... 1881
the other side Of the account:
t53ylts Seeutifies.. Gl9,ls092s Unchanged
s.'s anei4p9sea. $3.50 Decrease l578i5
The amount Of notes in circulation is Gl 8l4560
beng decrease Of cps go and the stock Of mi
non ~ bofh deparnents is Ill ,995 10I, showing a
decrease of when compared with the pre
eeaing return. lS -
The Gazette publishes the regulations onder
which Excheqner bills win henceforth be issned IN
pursuance Of the new act. The new bills will he
81 5sfs easp uas II ssl Wig payable
the halt year ending lIth December next will he
l6s Vet. per alnnn The bills viii Be- eurrent
from year 70 year for period Of ave years nj the
option Of the holders and they will be payable fo1
duties and taxes at any time during he last siI
months Of every year The interest may vary nom
time to time. . "