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Helr Orleans Daily Crescent. DEP ARTMNNT COLUMNS. Hem Orleans Moneg Market. CRESCENT OFFICE, No. 70 Campstreet, Thursday Evening. May 30. 1851. The extagnancy which has prevailed for some days still con tinner We caunot arrive at any conclusions why it should not continue to provail, The cotton crop of 1860 has been received, sold and paid for. The sugar and molasses likewise, though there may be R low thousands of hogsheads on hand. The tobacco crop was short, and not much more is expected to be received, The deficiency in tobacco has, however, been made up in the ordimarry articles of potatoes, hay and cotton seed, with a few tens of thousands of barrels of flour. As the chief staple (cotton) is now about cleared off, it would follow that If the disturbed political elements did not rule, there would he very little business doing. It is out of place for the remark that there have never been such times, hard times-they have occurred before, though brought about by other influences. We here in the South, particularly New Orleans, do not experience the sams results of the war as they do in the Northern States. Financially and pecaniarily, the South is an Eden at this time compared with the North. There was nothing worthy of note transpired in the paper market to-day. Some small sams of factors' paper were passed at the rate of 3@4 Ret. per month--rather R hard business, but money is worth what it will bring, or what borrowers can afford to pay for it. though many borrowers pay more than their business will afford and them-infortunately have to suspend. If there is any regular business in one city at this time which will justify the rates of 3(5) Mct. per month on business paper, we should be glad to have it pointed cut. In and about the banks it was very quiet. They renew all paper of which there is only a moderate expectation of its being paid. We have not heard of any discounts being granted to parties desirous of taking a tour in Europe this season, or feed3 ng the Black Repalicans at the North. Many of our citizens have been innocently supporting thousands of their direst-enemies for years past. In many instances direct, in others through the various ramifications of trade. The Exchange market offers nothing for particular comment. Four of our banks have closed their accounts and business with New York, and have nothing to de with that metropolis at this time. Two banks have balances, which they are drawing for at discount. Outside there were Fales of good sight at 2% discount. to the amount of $30,031-the range of the market indicates that there is just no market at all. All exchange busiROSS with New York must be brought to a close at an early day. In foreign bills there was very little done. Some small sales of clear sterling were closed at 100. The binks drew at sixty days at 101@107, according to amounts wanted and time. We did no: learn of a movement in francs and it is difficult to say whether they are worth 5.95, 5.85 or up to 5.50. The Stock market offers nothing for comment. Louisiana State sixes are retailing in New York at low figures, but these figures are 20 criterion for their intrinsic value. They are worth just as much to-day as they were one year ago. The Board of Directors of the Pontehartrain Railroad have declared H dividend of 4 Pet. out of the earnings of the last six months, payable on or after the 10th proximo. This, with 5 et. paid in December last, makes 9 Pet. for the last twelve months. If there is any other railroad in the country, far and near, that has paid 9 act. out of its earnings, we should be glad to have it pointed out. The rates of traveling on the Pontchartrain Hailroad are as low as any on the American centinent. From all accounts before us, we judge they are having a very good time in the great political capital of New York. Four banks holding the highest standing for years past {one of them the Bank of Albany, the oldest institution of the kind in the State) have saspended payments: not only suspended, but are completely bankrupted. The following banks of Albany, New York, have failed, not suspended. The Bank of Albany, capi$501,000 Bank of the Capitol, $519,000 Bank of the Interior, $251,000 Nitional Bank, $300,000. According to the partial reports of the receivers of these banks the greatest swindling has been going on for years. As regards the banks of the city of New York & large number of them are broke, shough they are ash mad to own it. At the Inst dates the Cein Exchange Bank, in regular standing at the Clearing-House, was selling at 60% Bank of America at 96, the Tradesmen's Bank at 95 Continental Bank at 65 or, 35 Bet. discount, and Park Bank at 90. We perceive-that one of the Directors of this bank, formerly a prominent citizen of our city, and who amassed a good deal of money in selling dry goods, say a quarter of a million of dollars, is In strong Republican company. It is manifest that the finan-in position of New York is at this moment in g very en tient condition. The banks, with their $38,000.000 in vault, dare not use it: In fact, New York is doomed. The suse pension of foar banks in Albiny has started a run on the other banks. L The advices from the Western markets are gloomy enough. Illinois, including Chicago money, is at a discount from 30@75 Hot. A money article of the Cincinnati Enquirer, of the 25th, p. rends as follows: no The actual condition of the financial and cosamereial affairs S' present some variation from the same date last week. The throwing out of Kentneky currency has resulted as was anticiSI pated by the larger preportion of our bank managers, at least that portion of them who had sagacity enough to 600 the future in all its various phases It was known beyond question that W Oliio and Indiana could not supply the yacnum produced by jeeting Keatneky currency, and the extreme stringency of the remarket during he past week has left no doubt in the minds of W bankers to make the trial. and is if any, are raisine with it. For banks pr the people received it RS a store in the city that does not take at being made, discrediting the but forepart who few. it. felt of willing heretofore, par. now all there The the that hardly brok. it ers the week shaved it at 4@5 Flot. : but toward the close. the bankers obtain.ug the subrance that not Thank in the State would ellspend. nut down the rare of discount a single 203 set The banks said to be the best in the
