New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-01-31
THE COMMERCIAL DEPARTMENT.
yleH ORLEANS St(oneg NMrket.
CRESCENT OFFICE, No. 70 Camp street,
iIk..l..sI.I o.. L ..a,ai.1cs Intil- OQ lttSE


The European letters by the Africa arrived at Now York with
dates of the 9th inst received today The Liverpool COM
mercia correspondence Of that satisfactory nature to
large the future yet there willing DISPOSE
ton to continue operations cotton with decline from prices
ruling at the week The tenor Of The Africa nd
vices confirmed by the adyices received
per Baltic. .S
The Exchange Market heavy to-day particularly for do
nestle funds with decline in rates. however Good sixty day
bills by the Banks from their regular patrons at "a
TX per cent discount other descriptions sold in limited
amounts at 2 to @ discount The drawing rates Of the Banks
we're X discount with very little demand On the street there
oil from q to cent splitting pretty close to
Sixteenth heard Of talk of 1892 discount Private
bankers still hold and sell at & 4 discount but concessions
from these rates will be accepted conditonally
Foreign Exchange quiet Some small sums OF Sterling
bills taken by both Banks and private dealers at 6
and 81, when the highest sales to-day, thought to is
for direct remittance. Some bills Of ladng negotiated
late yesterday at to 81, confirmed to-day We quote
this class from 81 Nothing done in Francs to our
knowledge they held 5371s latter for first
class direct. ,.7s''- ...5
outside Of Bank in Paper to-day
$4,000 long dated placed at cent in parcel and
100000 another the and $1,000 four months date at
per For the Of the the amount of Paper in
market contracted. The calls the Banks were with one
State largely in of Its receipts with the Canal they
large, yet the discounts were liberal .,-
to-day 1875 shares Union Bank at par,
80 and Is shares Mechanics and
Traders Bank 1909 nett There also sale of Mechanics
yesterday m The State bank will make its regu
dividend Saturday next of cent The
and last for the will be that Of the Citizens Bank
Attention has often been called to the debt of city, that
feel disposed all times to with the debts OF other
cities Of which far in advance of New Orleans in
point of and settlement The Mayor of the city Of Ba
more, in his annual delivered last week. gives the
debts of TINT city as follows: - ISL. .-. T.
The stock bonded debt which interest paid
Liabilities bonds on which interest is -
mol oVo,eo'
l s1s282,s89
To which to be added the amount OF the hoae dep OF he
| citv mt repored .l
-. r. A., .,, &c No,r o,,aono 10 Al, Goa 400
Inc ioa' nteAeuhesso iie Guy y. a''" -
Of which l is what is termed the amount OF Inc Ola CITY
.r+ c remainder is made IN the benefit
81 sd ~ moi of tha aois,o,nre tho 5ohs of tho civ
Oh inc lii''i'' ny az u 'e ,,,''> ,,, -, -
cannot be increased over twelve millions oil we near
proery owners complaining high taxes but it
for real estate proprietos never took that
appears ioi many Se' Ia ~ p -
interest in our municipal affairs that was monument upon
ten,raDy leaving one-thrd onealf of the
- and annaren,ly indifferent to their own interests At the
year, anu "Ppaiei''s inuns4 CIV ~ W -, - -, -.
last session Of the Council the annual from the
Committee delivered which, from the great reduction In
the ratio of taxes year. has taken citizens
with an agreeable surprise Yet propre0rs of real estate
,;n aF t;r ,,a,uoon of nronerv and comnare II with
| eohp'sii VI .hsh ~ = fNi-' -. -: q, :.
the low valuation Oh many years ago sI e 'ueo
overlook the their rents have increased double Fo
;oo ~ ,o, Of storos nm Cana, street which rented Mt The