New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-06-11
THE COMMERCIAL DEPARTMENT.
WeU ORLEANS N!outg Nlarhet.
CRESCENT OFFICE, No. 70 Camp stre

U, = Tuesday Evening, June 10. 1885, 5
In the general position Of the Money Market today there
variation from yesterday The quantity of paper offering is
daily decreasing particularly Of AL make The banks are
generally In flush position, and though the offerings to-day
rather heavy for the ncone there was but little paper
jected 5eI& E..
The Exchange market firm to-day at for checks
New York Outside and with private bankers the
Is cent discount prevailed Five days sight sold at
discount; thirty days sight Il to n discount sixty days at IL
discount though the asking rates with IL discount
Boston factory bills sixty days sight held discount
good fair commercial drafts New York ruled from III to
III discount Sterling with Bills of Iadng attached there
sales 81 About $4,000 in clear bills taken at
81 The for rstclass is from 9 and for remit
81 "a. Francs-some little doing 71 TO 516A
Paris drect for good to fair grades the range 5
to 5.1saz. 7h ~
We1earn the Of checks Mobile to-day New York
was u premium and firm although there is considerable pro-
duce dropping in daily which It is supposed would swell the
basis for exchange operations there is probability that good
bills and bank checks will decline The banks do find
necessary sell unless profit is be attained they all being
within line and but very little for money beyond the odi
nary transactions Of the day.
We did not learn Of anything going in Stocks to-day
few shares Of Bank Of New Orleans belonging to deceased
estate sold by auction at los Opeousas Railroad and
Crescent City Mutual Insurance Scrip at IS.
queer report got into circulation this morning that
several companies had largely by the burning
last night of the five steamboats, the other side Of the river
Four of them rather DID, and worth altogether about
about halthe otller
good boat and not under Insurance. The losses falling to
the several insurance companies will amount to about S 600
$4,000.
insurance companies generally closing up very
cessfu seasons business All the heavy fire risks cotton in
expiring and the cargo risks at this season outward
and inward heavy We learn generally that the marine
losses this have been large taking the
of risks consideration Finally do believe there
solid insurance companies in the United States perhaps
in the WORLD than those transacns business In city
| Orleans Insurance.
We notice retirement from active commercial pursuits of
Mr.. Jonathan Montgomery, of the old firm of W. j. Mont
gomery This was of the Oldest houses in this section Of
country possibly exceeded only in few
any firm this continent The senior Mr. W. W. Montgomery
commenced business in this city in the 1893 The firm of
W. j. Montgomery formed in the year 1902 forv-seven
Great und remarkable events and changes have
transpred in the commercial and financial world during the
above time From the 1909 and 1910 to the termination Of
the with Great Britain in 1876 the whole commercial fabric
of the Union in chaos-Janks suspended merchants
failed distress and ruin followed each other SUCCESSFULLY and
perhaps New Orleans suffered much during the above crisis
any other CITY, Then followed the great commercial revul
sion Of 1919 when the merchants England and the United
States failed and went into insolvency After lapse of six
years the crashing times Of 1926 Through all these many
mercantile ornadoes and disasters, the house Of W. Mont
gomery suspended stopped payment. If blow
struck it. the trying year 1896 it only redouned to give
sounder basis and strength, which has brought the
Montgomery of New Orleans all the commercial world
the highest pinnacle Of credit integrity emnence.
Withdrawing fl ON active business Mr. Montgomery does
template retiring from city, Long life aainale here
well ether sections Of country The senior Mr. ".
Montgomery continues the business of the house, having
sociaed with him his son Augustus R. Montgomery.
There few of the old land marks of old times remain
ing; besides the Mesrs. Montgomery only thei
old snd FRIEND Rein D. Shepherd Mr. Richard Relf
Louisiana State Bank four
These all left by the hand of time who entered tn
and financial world in the early part Of the
I century in this city.
to-day New York of the 4t instant give til
following:
Boston steamer while The supply Of commercial bills has bee
considerable extent First-cass Southern bank bill
* per cent The best bankers names could Be- had Pc
cent Francs duller but without change-5ls to 5l6
We give below the monthly report Of coffee for Bamor
market The circular of Messrs. White Elder the
since their last report of April 30h the market has exhbite
continued depression with gradual declining tendency Price
average may be considered fully Of
per lb. below the four weeks ago The decline
perceptible in the medium and grades Of R
which plenty than usual, and comprise very are
proportion of stock hand The Of arrival
all principally made ordinary grades the quality lsue
to this MARKET and therefore difficult of sale The late dev
cargoes also attended with much
sequence of the heavy cenage of moulded and uy
indicating want of care in the shipment at Rio. The
exists fair demand for the better qualities which
moderate supply The sales reported embrace about
from second hands There inquiry for cargoes
mainly speculation but the contcnding parties
wide apart. Nine and half has been offered cargo
medium cargo of fair They quote prime
lots 1l1s fair 1O1s 1054 cents, grades
cents; Laguayra II l114 Java AZ
per b.
MONTHLY STATEMENT.
Imports Of coffee since January /,
lS56-of Rio. ...............79 0Is bags
Other descriptions. 1879 bags
Sc 537 bal
Do same period lS55-of Rio. .SS,S 63 bags
= Other descriptions. 1855 bags
D 96sls bal