New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-03
whole OF the transactions of that body since our
| last, viz:
MORNING SESSION. ,.r.
SS large Gold.
EVENING SESSION. ,is

MoRHSG SESSION. ,+
SeSS large Gold
EVENING SESSION. II,
$50 iouisiapa State B,nk Notes vs.
NEW York MARKEr--The New York heraiu %
the 2sth ult. has the following faeeuous remarks
about stock speculation;
The stock market has shown iurther slshs Vi
returning animation to-day, ana kilograms 70 pus
from, ispersed multitude OF SPECTATORS ht sara
49, Nagnort Long Branch and elsewhere are
bein flashed into the street WIN the recklessness
| I'LL anlv confidence in high prices can heget.
| The duness and depression OF MONDAY ana yeStet-
5a,- morning on the stock exchange dampened the
shirts of many ardent aspirant in the race for
wealth at the watering places; bnt as suddenly as
it was darkened the prospectus Enlightened again,
and the Saratoga races acquire tresh charm IN
speculative eyes by reason Of profits IN wal street.
Tim Bobbin, the dry goods clerk, can now breathe
more freely in the probability of being able to
stay where he is aud pay his hotel bills Mr.. Mi
cawba, Jr., can indulge more confidently IN the
expectation of being not only able to deray his
current expenses, but pay oil some Of his long
standing liabilities.
Mr. Thimblerig, the lame duck " and ex-mem-
Der of the Stock Exchange, may even hope TO
mount the ladder of gold in day, and *sette up
with his creditors tomorrow. bull - market
is always pleasant for the sprats. rdines and
smelts in Wall street, 1t furnishes them with food
for the imagination, through which they can dis
port in a lake of thousand islands, with every
way to an earthly paradise, which is generally,
but enormously supposed to lie in brown stone
'front.' on the Fifth Avenue, street affected by
the worshippers Of Mrs. Grundy, and few others
OF 9 contrary persuasion somewhere up town. II
is painful to dispel Illusions, but Wall street men
are generally such victims to them that they re-
quire to be reminded that '.all flesh is grass, and
that consequently even hardened, hawk-eyed,
whisky STEPPED veterans of the street may be
q green TO their own true interests.
To make moneE on g bull market, however,
is no more than to make hay while the sun shines.
aud man who could not earn decent living
elsewhere would think it strange and his luck hard
if he could not double his Investment in month in
Wall street. Hence it is the dernier resort Of a
host of vagabond, shiftless adventures, broken
down merchants and defaulters Of all classes, who
wish to make up for previous shortcomings. BY a
sudden turn Of good fortune on the STOCK eX-
change. But as there is q far sprnkGng of honest,
| industrious men among the multitude, it would pc
unjust to stigmatize the whole under this untiatter
ing description. When the market turns, there Is,
unfortunately for the great majority of these gen
tlemen, great deal Of futtering, which is gener-
| ally followed by remarkable emptiness OF pocket
1 among their number.
| The Jews are commonly the most successful spec
ulators and when hard pressed they know how to
fail judciously, and to turn even failure into sue
1 cess, although there was one poor fellow with q
suspicious crook in his nose, who once exclaimed
on the sidewalk, preparatory to fainting, ! pays
everybody and nobody pays me-" but such IN
| this unhappy individual was new to the street.
| To be more matter of fact, we seriously thint
that stocks are beginning to describe the course
4 balloon which will have to rise very much hlghe
before it is likely to commence falling. All the
| conditions of the market monetary and otherwise
| are favorable to the ascension, although prices
for leading shares are considerably higher already
| with one or two exceptions, than they were few
months ago.
MEMPHIS MARKEr-The Bulletin of the 10Th nit,
remarks as follows
| Owing to the general inactivity in all branches
of trade, the week just closed has been, IN money
matters, one Of almost unprecedented dullness, so
little doing in fact, that at times the market has
been entirely without tone in any particular. De-
posting has fallen off considerably, and owing to
this and other reasons, the supply OF currency is
much diminished, and loans and discounts are not
SO readily negotiated as has heretofore been the
case. Regular customers of undonbted standing
are almost the only favored ones, and these are
accommodated on short time paper at the rate Of
| 10 to IL per cent. per annum, Merchants, now
| ever, seem to be cheerful, and are living ii
| the most hopeful antcipations OF q gooC
| time, it being the general belief that the
| coming business season will be one of far greater
than ordinary activity, and added to this, we heal
/ favorable reports of the crops from almost every
| direction, the recent spell of hot, dry weather
| having been prolific of great benefits to the grow
| ing cotton and grain
/ In consequence of the inactivity in cotton during
i the week, exchange has become unusually scarce
| to the extent that BANKERS have been obliged t
make frequent calls upon their neighbors, ant
| with some the selling rate has advanced from t
u cent, but most dealers are still operating a
| the inside figure. The buying rate is par; s0mt
bought at discount at the first of the week, bu
the uniform rate at the close is the former.
| 1t is believed that the coming week will be
marked with more activity in cotton, in which
event offerings of exchange will be more liberal