New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-05-22
THE COMMERCIAL DEPARTMENT.
SMeu ORLEANS ytlerrsy 5tlarktt.
CRESCENT OFFICE, No. 10 Camp street,
-Iyral..a.J.. E,a,;pD Nav 81 1SLf

To-.
Wednesday Evening, May q, 1856 5
At mn early hour to day It was known the had arrived
Halifax with dates from Liverpool to the ion inst, winch
checked operations in cotton, and gave partial advantage "
However, but little disposition evnced
the part buyers The fact IS the sussishhesao
weather is apparent in all transactions
The Money in the same position we have
noticed past All kinds OF paper and securities having
the pretensions ovency and puncuay can be readily
negotiated Al paper at cent good per cent iar III
pe cent lesser grades IL with occasional operation
at Is per cent
Stocks were quiet to-day We heard Of some negotiations
going on but nothing positive had trnnspired 10 r. NJ ex-
ceptne the sale Of rs shares Canal Bank r T. 100 shares
Gas Light Company 1885, and lis sares Bunk CT ouisiana
at l53 This of the Bank Of Louisiana Stock belong
ling to the Of Ferguson in Scotland There
general inclination the part Of moneyed to hold back
the The stocks Of the old Banks high enough
We perceive that any good result from higher
prices Dividend day rapidly approaching which induces
Of all stocks to hold The important anac-
ton Of the day the sale Of the property known No. A
Royal street. being lot of ground 81 by 26 feet with the three
story brick building which many years ago. for the
of t~enyree thousand dollars The reside now
and have been residing for several in France The
property has been rented for 80 500 which believe
Is the price paid by the present occupants Flint Jones'
who the buyers and occupied furniture warehouse
There will be money drawn from this property and
| spent in Paris.
several large transactions in exchange New
York. decline brought buyers The Banks sold
in New York. and to favored customers
granted Privnte Bankers sold much
they desired for sight and IL dis for sixty days sight
The rates ruled good Commercial Bills from laol
discount though houses held at Pa heard
sight drafts from Il dis to But little done
in Sterling highest offered ~ 9 by reuitters
sale Of f4OO good make at In Bills OF
Ladnk heard of transactions Francs heavy at 80 to
though tip bills are held at 2z and 6l3 for direct
remittance.
advices from New York to-day favorable
CARDS matters The steamer Persia for Liverpool on
Wednesday last 81 G and New Workers
to be joyous that the amount larger Stocks were i'm
proving doubt whether the market will be AZ
tight expected.
We alluded to the contemplated of bonds by the New
Orleans jackson and Great Western Railroad The to
be issued three millions dollars rcdeemabe in thirty
with eight per per interest," payable seniannnaly
by mortgage the road with Its various rights,
privileges and franchises The value of the road at this time
the actual outlayis three millions and nine hundred Thousand
dollars This leaves margin of nearly twenty per cent
the present the road and the of bond
expected to be issued.
The road is progressing favorahly commencement
towards the laying Of the forty me
of above the State line All the graduation between th
line and jackson has been under contract with
of already work Contractors for
and completing forty miles Of the road south of jackson
proposed construct that portion favorable terms
say third payable in cash. the other twohird in the mort
gage bonds Of the company We also learn that
parties in the city have offered to take certain of tn
bonds which in the aggregate will amount TO something
handsome payable in cash These very atterin
indications that the necessary will be furnished Their
doubt of the ability of the company raise the fu
Of money required either in New York Europe
The security offered by the of the road good
other road in the United States. Many roads have raise
millions millions of dollars, terms which will not bea
comparison with the contemplated proposals to be made by tn
managers of the jackson road There least in
city hundred individuals who perfectly able TO tax
from thousand five thousand dollars Of these bonds
there sufficient pride and feeling them com
Of completing of the greaest Improvements unde
taken for the benefit and prosperity of New Orleans There
ample and sufficient unemployed capital city,
this time TO take the full amount of these bonds say
would be two millions and hundred thousand dollar
Complete the road Jackson and its future
It is contemplated that such will be the during the
1885, and that the celebration of the will take place
the time the Legislature of Mississippi will
1885, that the great interests Of the States be
# strongly cemented.
We the act of Legislature passed last seso
giving authority Railroad Companies mortgage and hyp
= thecate their roads and privileges.
:. AN ACT
e EXTEND POWERS RAILROAD COMPANIES
Sec Be enacted by the Senate and House of Represent
tyes Of the State Of Louisiana in General Assembly convene
h companies any railroad company established
may required for the construction repairs
road and for this purpose issue bonds er ohgatioI
e sad companiss payable such time And places
Ps po s 1ss @
said President and Directors deem eSpedent.
Sec 2 BE it further enacted ETC., That mortgage
any company aforesaid, shall be binding in The
parishes through which railroad may pass by
The mortgage in the parish where the principal Office dol
M ns BE Sla and s 1ss5ea ind @
of company may confer the holder my bond
bonds issued for money for the said coInpan
the principal due them into the stock OF said
time exceeding from the date of
bond bonds, under such regulations the President
Directors may adopt Provided that nothing this
be construed authorize increase in the capital ocl
r. any railroad company
Sec & Re il further enacted etc That conins o all the hot
at
of nrocaaI,y of ,ba nractors oar,;G.d r M f
companies under the seal of the shall be received
all the Courts in this State evidence place of the origin
Sec 4. Be it further enacted etc, That this shall b.
force from any after passage.
ANN Mfrch