New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-22
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Thursday Evening. Jan. y. isSs
The general features to-day financially highly favorable
The demand money rather more active
than yesterday however only Of Temporary nature
arising as II were from the very limited Of for the
past four quantity Of offering through brokers
gradually falling Of and yet there very little paper
prcdcaed to be planted this spring. Theirans
comprise commercial paper having to months
10 run at the rate II per mortgage
and years cent Fair signatures of factors at %
per month"; The calls the banks for discount
large something about the income though some Of the
banks have Of offerings Money appears to be
accommodating leading markets Of the Union
suspended Philadelphia and Baltimore there surplus In
New York aud Boston 1t is becoming burdensome with daily
the desires Of capitalists invest Loans call in
New York to be had At bs cent Discounts rule from
9 10 per corresponding depression in rates will
this market provided factors refrain from ext nding
signstures freely The seductive facilities Of drawing
against we believe will be much crcumscrbed
this The with which parties have heretofore
realized IN be depended this II is
doubtful question whether paying oneeghh lk cenf
per cent? be justified with another
Paper will DO issued heretofore but the amount will be
greatly diminished.
Exchange to-day was neither brisk dull There
sort Of betweeny banks continue sell checks
York par, under however, light demand Street sales
ruled from 5s4 and x discount with some sales at u
discount This latter figure can hardly be considered
Gu rent only low grade bills and checks Three
days sight K discount ten days sight lals dis. sixty
days light 2l@3 and So discount There also sales Of
double Al signatures per discount for 60 days and 10
days date and sales Of fair At cent discount which
Sterling quote bills with shipping
lO4@lO5 and lO5 clear bills foz lG6lO7 and
dealers 1851 for remittance The Bank Of Louisiana sold
1895 their agents. Francs rather quiet Sales at a3S
SIS and Is. Some ordinary grades at 5.45605.4O
there sales Of 50 shares Canal Bank l14
advance ls refused for Bank Louisiana. We ss
has been offered
Paey hold their regular weekly Stocks Bonds
ETC., on Saturday, the sd inst,
The Governor Of Mississippi his Message made
auson to the largely accumulated bonds of the State
unpaid for eighteen years The validity these
time disputed portion of them but the C urts
Of the State have fully and hsy acknowledged their validity
and the State creditors have The strongest claims for indemnity
Yet taken BY the Legislature pay such
bonds although specific and moderate upon
properly owned Mississippi Would realize ample funds to
pay the long arrears Of interest,"
The hardship or the is somewhat prominent when
find that Mississippi has million Of dollars surplus
which beenvesed fellows ee report Of Joint
Committee Of the Senate and House. dated Jackson 10
1857
Chickasaw sechoo Fund. ............ 80. ss5sO72
Internal Improvement Fund ..-..s.......... 1880
Loaned 70 itailroads 273.56l
siO7893s
The ordinary tho last year with its cash on
hand s9s5Oo and the expenditures s9oOgO The loans
railroads follow:
Mississippi and Tennessee Rairoad...,, sisls50
New Orleans and Jackson Road 5sSSS
Mobile and Ohio Railroad. .................. $4,000
Total. 81 1890
In the elaborate report the Committee aud in their
long discussions the principles Of naneehe receipt and
disbursement Of auson is made to the
heavy debts owing by the State and confirmed by High
Cour. Of Errors,
The St. Louis Price Curren' Of the llth, says
The money market Is without material change Gold more
plenty and currency in better demand Illinois and Wisconsin
Is taken At cent discount for Missouri paper 22
cent for geld Eastern and Southern Excl
Sight bills New York u premium for gold on
New Orleans l per cent The condition Of the city banks
90, and the outstanding circulation 81 lDO,3S5
Notwithstanding the fine, bamy weather and
but little produce in The low range prices deters the
farmers from oherng and bad roads in the country owing
FREQUENT and rims keep back what would
Its to Market We have Improvement leading
articles since our last review the prices
down lower figures than last reported The principal topic
considerable.
From Cincinnati we have the following
The money market exhibited feature today The de-
naad was air. and This WAS met to moderate extent Bust
such has heretofore been sold outside 23 per
cent month Is rapidly disappearing from the street and
difficult to place satisfactorily any thing like panic
rates There arc borrowers however a. 23
with good hackers in the shape OF colaerals endorses
capitalists prefer parties known to be prompt, rates