New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-03
geh Orleans Nlpntg Nlarktt.
CRESCENT OFFICE, No. 10 Camp st,

CRESCENT OFFICE No 10 Camp street
Thurday Evening, April 2, 1857.
There great activity the evee to-day
having arrived with large and heavy of western pro-
duce within the last twenty hours call into requision all
the available at hand to onward The
Of transportation abundant and the facilities of dpong
exchange as reasonable rates ample We however,
learn that the for full stage Of water In the upper
rivers satisfactory This to attention
the public the great Importance of urging the railroads.
North and South Fast and West We begin think that
the Mississippi will only be navgabe to light
rnught boats although important work going
which may be considered coming into competition with
river navigation Is Of the greatest importance New
Orleans that this undertaking Che Southern Pacific roa
should be sustained by the citizens Of New Orleans From the
partial statements before the Of the road ultimately
will prove of wealth. OF city is be the
terminus of this great and magnificent undertaking
The towards the construction
per mile We do pretend Judge of the
Of these lands hut 1t will be immense Subscription lists
the capital the road opened days.
gratifying learn that they have extremely
r and the s nstaiment paid promptly We learn that
part of the cash received made
porary is presumed in two hundred and fifty shares of the
stocks Of our city banks which evidence company
has already considerable cash hand and moving
onward. .
paper market to-day marked with the
long dated AL at o. $4,000 by party $4,000 by
another 600 by another and other by divers agents.
The supply of long dated securities continues ample
Some negotiations Of good though Al in prestige of fame
have been made at 10 tits demonstrated that
Banks Of the city this the usual facilities
scounng long has been the practice
several mandaors particularly of the old chartered banks
in view the penalty and do think they will caught
mapping supposed however, that from the constant
of the business Of the city and particularly If should
have only ordinary communication with the country
will be sufficient Of ninety day to keep the active
ent going At the time if the various patrons
Of the old chartered disappointed their ap
pcaons must be considered the sequel of the law mpos
ing penalty the President and andatos
of hundred dollars each member of
present.
Exchange to-day very inanimae, Drawers Of repute
about the most independent folks met in trayes
they had their and seemed disposed maintain them
seauety the transactions which have notice this evening
are limited The Banks sold checks New York at Z per
cent premium Outside the rates the figure
t,ers Dealers of COURSE purchased at ales and
ruled from 4s Sixty days sight held at discount
for high grade with parties declining to draw only at ga
u discount Commercial bills ranged from 1908, and
fair grade at Z discount.
We heard transactions Sterling other than small
for remittance ShSss Dealers did not offer high.
Bills with shipping documents offered any
Francs heavy yesterday though 20U0 Hayre
placed at 525 We quote the Of the market at 52
8. 222k the latter for the best Paris direct.
Stocks rather quiet though heard Of the sales of 5
shares Canal Bank in two parcels supposed to be within the
range 21 SO shares Merchants Traders
PIT There offers for State Bank at 49, but holders
disposed to hold Citizens is held by 1elS
but the majority of holders have desire to sell at price,
The London Bankers Circular gives the following in relation
to the past and present value of money:
idea may formed of the enhanced value of money
capita, its owners when the following proportions which
place between the Of discount and capital within
beI nstfpv shnyyn .1