New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-24
At6 0rltans 9ailp Gr.stsnt.
THURSDAY MoRNING, MARCH "a. lisa.
Nem ORLEANS Mlonfg Whrkftt.
CREscZET oTTIcE, No. 10 Camp s.rest.
Wednesday Evening. March "a $50

Wednesday Evening, March q, isss
The weather was very favorable for general trans
actions to-day About noon it was announced there
was later intelligence from Europe, which proved to
be the case, having been brought by the screw
steamer Nova Scotia, arrived at Portland. Cotton
was in favor, with upward tendencies. The general
quotations vary, some being "A for Midding Orleans,
others 7sd 1t is difficult to arrive at the true state
Of the case. 1t was, however, manifest that the
value of clean and good cotton was well maintained,
which confirms what we have from time to time re-
marked.
In the money and paper market to-day the transac-
tons were moderate. The offerings in bank were
rather above the income. On the street there were
no important transactions. We have only to remark
that all wanting money, and have securities APP
preaching punctuaty and soundness, anticipate.
We note negotiations of country mortgages of one
and two years date at the rate of get, and first
class city mortgages at 749s get. Some few trans
actions on the tonsoral order take place daily but
being small in amount and few and far between,
they are not generally embraced in the quotations,
though ranging at the rate of 10, 12915 get. OF
course, these are small transactions yet good. There
is no regular business at this time that will justify
these rates. the instances we allude to being casual
The Exchange market, so far as Northern funds
were required took another leap to-day, which sgni-
es an advance The counter rate for checks at most
of the banks on NewYork was l dis. At late hour
there was no inclination to meet the inquiry at this
rate, and further advance was established. We
note sales of sight drafts from AL to good at 3l6
dis. good to fair sixty days at L. lt@la dis with
higher rates being asked by some drawers. 1t is,
hswever, useless for some remitters and buyers Of
Northern funds to depress the market sight funds
will go up to par and there remain for some time
The telegraph to-day reported Sterling in New York
yesterday fat or heavy at 1904 for Southern bills
though the rates for bankers bills were more The
transactions to-day in our market ruled at from 1859
l09Gl09i. Document bills l0st9l0st. Francs with.
out change, and continue our quotations at 6.lsl
@5l34 on Paris direct. There is very little produce
going forward to France at this time. First-class
bills are very scarce.
In stocks note sales of 200 shares Bank of Loui
siana at Ill, and SO shares Mechanics and Traders
Bank on private terms; 25 shares Crescent City
Bank at 1853; 25 shares Bank of New Orleans at
1853; $4,000 City Consolidated Bonds at 93s and
interest. All shares have attained high prices
the very highest for some As there are nc
great opportunities for investment, the impression
prevails that capitalists and owners of money will
have to keep it in bank 1t may be as well to mourn
over it as after it, though really there are no events
likely to arise which will cause regret on money in
vested in the securities which are offered every veal
in our market.
The earned net profits of the banks of New Orleans
for the year 1858 are detailed below. Two banks
the Crescent City and Bank of America, commenced
business at the close of 1857. They did not get &C
lively to work till February, 1858. 1t will be seer
that associated capital has been proftaby employed
promising that the four old chartered banks enjoy and
exercise privileges not available by the banks work