New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-16
NEw YonE MAREEE.-The journal of Commere


of Wednesday says:
The banks have very generally relieved them
selves of their late large surplus of national bank
currency, through loans to leading Wall street
banking firm, for six days, without interest, and
payable in legal tenders.
The notes have been sent into the interior by
the firm borrowing them, and it is presumed that
by the time they find their way back here there
will be demand for money to move the wool
crop which will afford an outlet for them, thus
avertng a surplus Of unloanable funds in the hands
of the banks
This movement appears likely to suspend for
the present, any efforts among the banks for put
ting in operation plan for sending home bank
currency for redemption.
Gold is rather frmer, under slight demand for
export. The general tone of the market, however,
is decidedly weak, under the prospect of re-
sumption of shipments and the payment of July
intere5twith but slight demand for customs duties
during June.
Gold is being attracted from the interior by the
advance in the premium. Yesterday, about 81 000-
900 OF double eagles were received from the nte
rior. The price this morning opened at l40A, and
advanced steadily to l4l} at 1890 P. N, The ex
port tomorrow is most generally estimated at
about two millions.
The 18th of June coupon on the second series of
the seyen-thirty currency bonds will be payable
on Friday next, and will draw out of the Treasury
$10950 900, or 1856 per cent. on $300,0O0,00
The movement of specie at New York for May
was as follows:
Imports from foreign ports 1913
Received from California 4OO7 7O8
Enp 1G's g 5fiS osssa ports $4 81 81
Loss IN sl9843 AZ
The World of the same date remarks as follows:
The street was disturbed to- day by stock job
bing rnmors of bank failures here and in Washing
ton, which were without foundation The stock
and gold markets We're depressed by the sales of
the bears, who exerted themselves TO the utmost
Of their ability to bring down prices. the money
nDoY Lat iE hnu AZ,
forced down with difficulty and they re act up
wards as soon as the bears cease to operate Cal
loans are easy. at five to six per cent, and lead
ing stock commission firm was offered e950 OOO at
three and a halt per cent.
FOREIGN PANIC AND Manifestation the tele
graphic synopsis of the Hibernia's advices of thu
LIST instant, we extract as follows:
Financial affairs continued to exhibit a stead
progress in recovery at London and gradual re
turn Of confidence. The pressure for discount a
the bank was diminishing. although it was still ey
tremely large, and the rate remained at 10 pc
cent. The rumors of assistance from the Bank a
France, with tts immense accumulation of speci
to the Bank OF England, were not authentic TIL
Times says: +" Such step 10 the heart of thi
crisis might have owed beneficial Init il 10 noy
unnecessary" The funds and securities penerail
exhibited decided frmness, and prices had ad
yanced all around.
H. Erthoyer 4 Son, Of London, principal
engaged in the metal trade, had suspended Thei
liabilities are nearly $500 900. Their assets ar
believed to be ample.
Sarerthwaite's circular of the evening of tn
30th ult. says: The market for American secur
ties during the past week has developed extensiv
sales Of government stock and railway shares, O
English as we'll as continental account; but thi
has been more than met by the demand for expor
to New York.
LIVERPOOL MARKEr.-Liverpool, June 1.-Cot
tOXa-The Brokers' Circular reports the sales of tn
week at $4,000 bales including 1850 to speeu
latofs and $500 to exporters. The market has bee
buoyant, and prices are I@l5d. higher for Amer
can and gold. higher Tor other descriptions TIL
authorized quotations are Fair Orleans, I6jd.
midding Orleans, lad. fair Mobile, l53d; mid
ding Mobile, l34d.; fair upland l54d middlfnl
upland, I33d. The sales to-day (Friday) are es
timated at 10000 bales, inc nding 1000 to specu
lators and exporters, the market closing firm a
the advanGe, The stock in port is estimated
Breadstufs and provisions are dull aud unchanged