New Orleans daily crescent., 1866-05-28

Merchants Bank, by Gardner Smith, Yeiser q Co.,
al &2s0g25 50.
REAL ESTATE There is no material variation Of
any kind to notice in the movement in Real Estate
Desirable property is in request at full prices,
whilst all other descriptions are neglected and
difficult to SELL except at low figures As an indi-
cation of the present ruling rates we subioin
some Of the sales which transpired at public auc-
ton yesterday, viz:
BY ]. B. Walton & Desonde: A three-story
brick house on Basin street, near Gasquet street,
SlsO0; two-st0ry brick house No. 222 Baronne
| street SB30O; two-story brick house No. 224
"a bafonne dn street, $4,000; twostory brick house,
NO 226 Baronne street, $6400; one lot corner
OF Common and Howard streets, $1,000; three lots
on Howard street, in the rear of the above S42OO;
Two three-story brick stores Nos. CT and SO Front
street ana ~ and 10 Fulton streets, $50 $50; two
story double frame house, corner Prytania and St.
Andrew streets, $4,000; a two-story frame house
corner Coliseum and Fourth streets, SIS 500; four
lots on Prytania street, and one key lot in the
rear corner of ST. Mary street, S750O
by A. Grmault Property on MarigDy street
between Goedchildren and Morales streets, with a
small frame house, foe $1,000; property in the
parish OF Jefferson, on Magazine street, between
Ioiedano and Louisiana avenue, $1,000; property
at the corner of Marais and St. Anne street, S3700
property OH Prosper street, between St. Anthony
and Annette streets SI260.
by Gardaer, Smith, Yeiser & Co.: House and lots
corner OF Napoleon Avenue and Apollo streets,
$4950, cash.
By Bernard Turpin; One two.story brick building
on Customhouse street, No. 220 measuring 26 feet
by liz feet in depth for $500.
NEW York MARKET, May 22-The CONNER
calls money article says the stock market this
morning shows the effect of the heavy gold move
men't of last week. The sales Of the government
will call into the treasury about $l3 900 900 of cur
| rehcy, and the demand upon the banks for this
/ large amount has caused some changing of loans
! a m Ibn rl-a Eo
banks generally continue the rate call loans at
f@ cent, but borrowers are in some cases offer
/ ing j3 cent. The flow of currency from the
| West has abated. At Chicago exchange on New
orE is selling at discount, and at Cincinnati the
| rates are much easier. From this concurrence of
causes, 1t would seem reasonable to anticipate a
/ partial reaction from the extreme ease in money
IL has been suggested to the secretary of the
treasury that he call in certain amount of certifi-
Gates OF indebtedness giving notice that, after a
| specified period, the interest on them will be di-
I Verslhed The secretary has the option Of calling
in the certificates at any time within the wear for
| which they are Issued. The authorizing act reads
which certificate shall be paid in one year from
date or earlier, at the option of the government
| we understand there is much probability that this
/ course will be taken by Mr. McCulIoch and that
cient to return upon the market all the currency
now being drawn through sales of gold
The statement of the Associated Banks does moi
show any important change beyond decrease Of
nearly $2,Oo6,OO0 in loans The returns however
DO not cover large proportion of the checks
against gold brought from the sub.treasury, sc
that the statement does not reflect the result Of
gold transactions last week.
The Herald's money article says: ..
Should the European news fail to exert a favor
able influence upon our exchanges within the mex
few weeks, there will be large and steady drair
OF gold from this country, and the export demand
will be stimulated by the low price at which the
Treasury is willing to sell it. The government
| bnI5 +I,a
MUM in check, because it has still forty million
OF coin left after providing for the whole of tht
May coupons. Meanwhile, by keeping the pric
low IN the face of heavy foreign demand, i
encourages larger exports than would otherwis
be ventured upon. On the other hand, shoul
the German difficulty meet with a pacific solu
ton, and Europe subside into its ordinary tran
qnility, no harm will have been done by thes
treasury sales Of gold, apart from violation of prir
' clple But the danger which this practice of goV
ernment thus indiscreetly assuming the control c
a thing which may pass beyond its contro
should render it cautious in its operations w
have no desire to see gold go any higher. Wha
is most to be desired is its steadiness but to il
sure steadiness for a week or a month, we mus
not voluntarily incur the risk of having it go muc
higher afterwards than it otherwise would go, tht
& disturbing value and provoking evils it was our il
tention to guard against.
The Times editorially says: ftGold was parte
with at the going rate of the market with 1
+ stuted or grudging hands and should later neV
~" SN'iSs'''-N W AN4NiaS uSub4S VI HllFc-lOLu VI
c sumsof last week, we have reason to believe TIL
it will not be withheld. Since the LIST of July la
d the treasury has received at New York aol
about sl2O 100000 in sold customs, where it h
= been required to pay out only SAL 600 600 for 60
interest. The difference available for current
interest, and other objects Of expenditure in Gu
reuey, is thus seen TO be $4,000 600 at New Yor
and probably over 100000 900 in gold at {
points. Part Of this is already sold OF exchange
but much the larger part is yet to be sold or e.
U changed in open market"
i, The following table compares the exports
specie from the port of New York to foreign por
for fifteen years from January to May 10, 166
aud tor tie corresponding period in the 9th,
years: