New Orleans daily crescent., 1859-11-16
Neh 0rleaus DULY Crescent.
WEDNESDAY MORNING. yoyEMBER is 1s5
YsU Orleans Montu Ylark.t.
caE.ossr oryIcE. No. 10 Camp stree

gt1 @rIsans 1lontg Nlark.t.
Tuesday Evening. Nov. Is. 1850 )
Inc general Money market to-day was very
quiet, though there were sales Of paper maturing
next spring at the rate Of get, and negotiations
which have been in the course Of treatv Tar +ro |
and three days past were confirmed, say to the ex
tent of $500 by one party, which includes some
paper maturing IL and IA months Oh. There was
also transaction in sixteen months paper at the
rate of get The calls on the banks for discount
were heavy, that is in the aggregate. There u no
immediate prospect Of exchange declining to rates
that will pay for the transmission of coin hither.
The most important operation during the last
week was the confirmation of the negotiation of
the leree bonds, issued by the Parishes Of Carroll
and Madison, under authority of State enactment,
for 100000, payable in ten years, with interest
payable semi-annually at the rate of 8 get u an
mum. We heard of these bonds some time ago,
and Of the same having been negotiated, but it is
presumed they were conditionally. However, the
buyers have met the contract and paid 1924 900,
which may be considered a very profitable opera
ton for the buyers. The check given for the
amount was the largest made for many years by
private individuals. We are not prepared to say
whether the prompt payment and confirmation Of
this negotiation had anything to do with the throw
ing of one of public banks out of line; and of
course, this bank cannot grant many facilities in
the way of discounts and purchase of exchange for
some two or three days. n
The fiscal AGENT fro vynert ,f ;vfarns+ ar1
the reception of all moneys for these bonds has
been designated, say the Citizens Bank. These
bonds are drawn payable in ten years, with get
| u annum interest. For the punctual and prompt
payment Of the interest and principal of the same,
the Board of Levee Commissioners is authorized to
levy and collect tax of five cents per acre on all
alluval lands in the parishes and in addition there
to to assess and collect such dd ralorern tax, by
making it such get. on the State and mill tax as
will make the sum of $4,000. The Board of Levee
Commissioners has the most plenary powers and
the strongest resources for the payment Of these
$400 900. The Parishes of Carroll and Madison
raised in 1857 one hundred and one thousand
bales of cotton and this year the Parish of Carroll
| it is asserted, will produce crop and half, say
SO, 600 bales of cotton. Well we come to the con-
clusion that this toerable fair investment. The
bonds are believed to be worth fully 90c. in open
market, that u.s. pari pdssu with other bonds. It is
| not supposed that the parishes will repudiate, and
| it is presumed the SIT 900 to be collected has
already been carried out and the is deposited
with the fiscal agent to meet the interest. Take
| the question all round, it is a most profitable
operation for the investors and it is hoped there
will not be any overflow in these two parishes on
| the next annual rise of the Mississippi, as the
money to pay for the construction of the levees
| has been realized.
| The Exchange market to-day tended in favor Of
drawers. The counter rate for checks on NewYork
at the banks was dis, and double Al outside was
held at /, but it was not realized. We cannot ad-
vance our figures over 3. We, therefore, quote
from 4@4 get. discount for sight for choice and
good names, and lot for good to fair, with an oc-
| casional variation from these figures in favor Of
4 buyers. Fifteen days on New York and Boston we
quote at dis; thirty days sight from l!@ls dis.
sixty days sight from la@l3 for choice Ii, II, 20
| II for good to fair. Sterling was held at higher
rates early in the day. After meridian telegraphic
dispatches from New York of last evening and this
morning were received quoting decline in that
market of quarter, that is, 1o9l was the highest
figure. Sellers were not prepared to acquiesce in
decline, and our market closed at about yester-
days figures, say los2@los to los@l0st for clear
bills. At the time good bills of lading were
| taken at s3@10sl-extreme ranges being from
| 10st@10S3 With good drawees and clear cotton
| such bills are highly in favor by dealers and buy
| ers. For remittance direct the rates range from
| l094@l09a, and possibly a fraction over in some
instances. Francs were stiff at 5.2l4@5. .1S}-ex-
| treme rates from 5.23S@5l73, and bank drafts
higher.
In ctool, thor. ,,or. ..,os of % shoro, p.,t -,
III otoohs 'nele meio s"ios y. 80 saa'es nanA VI
Louisiana at 1876; SO shares Mechanics and Trad
ers' Bank at lO4, and 1882 shares jackson Railroad
| on PIT There was also a sale of Sun Mutual In.
sn.onaa ro.,nonu - 1eso 70 snoo,,1o.ors ~ tho
surance COMPANY VI 1910 ~ ~ opeouia'ors III tne
New York Sun Company can take notice.
Relating to frauds in cotton, also sand and dust,
4ho Ar,orcor r,bomhor of f,or,r,oroo 81 ;ror,ooi
.ne 1laei .a - oe =. NV pun
mas addressed tne loho"ing circular 10 the boards
of Trade and Chambers of Commerce throughout
the world where cotton is bought and sold. and il
ID rresnmed conv has been rece;vad hv tho
- r .so'Nea :, !" WY n"s pee" i.oe'''u ~ sne
Chamber OF Commerce OF New Orleans: