New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-10
gem 0rans Gully Gres1nt Ghasdau orniua aah TO- 1862
9sm 0rlsans Bully Grtstent.
THURSDAY MORNING, MARCH 10, 1859.
Ntm 0rIfans Montu Marktt.
CREscEET OFFICE, No. 10 Camp stres,. }
Wednesday Night. March q iasn I

u n
Appearances indicated to-day that the festivities
of Nardigras were not wholly eradicated There
was no indication for large operations, and though
the weather all that could be desired, yet finance
and trade had dull and somnolent aspect. Every
body, however did not partake of the Joyous event
there were sales of paper long Dated to the extent
of 100000 at the rate of eight per cent and there
were several negotiations in exchange. The calls on
some of the Banks were LARGE on others light, but
in the aggregate much above the income There is
no diminution in the discount line of the Banks.
The war reports seem to be taken into close consid
Grafton by several bank managers by others they
thought lightly of, still there is not bank that is
operating in foreign exchange, but what would in
crease its investments to some extent if the political
horizon of Europe was uncouded.
The Exchange market all round stiffened to-day,
without any advance being asked by the banks for
checks on New York. which were steady at dis
count. Outside the ruling rate was J for choice
sight drafts. Early in the day there were sales of
bank checks in round sums to the amount Of $3.50
900 at discount. As the day advanced the market
stiffened although some good commercial sight. in
round sums was sold at 9l6-the figure could not
be called quotation at the close of business There
were round sums of three and five DAYS sight passed
at 11-l6 discount Sixty DAYS So So without any mar.
ticuarization in the course Of the market We note
sales of commercial bills on New York at IL discount
and some on Boston at fraction lower the ,,,l;no
rates for the day were IL Ia and discount In steri
ing there were sales of clear bills at l0aA l()ss I0s
l1-16 the sales being mostly at the low nsie onres
we quote extremes from 1854 to 1854 and IN to 100
for small sums. There were sales of document drafts
at l07S to lOs mostly at the latter figure extrmes
being from 1913 to 1854 with better supply offer
ing. Some dealers require large margin We did
not learn of transaction in francs. though there
was something said about sale of go. 000 We
have no change to quote, the range of the market
to rentters being 2l4 to l33 the latter for hank
drafts at go DAYS sight
Stocks have attained great confidence with the nut
lie; that is, bank shares We note sales YESTERDAY
and to-day of l6O shares Bank of New Orleans at
1O39 for the greater part so shares Bank of Louis
lana, supposed to be within the range of I65 few
shares of Bank of America at 1914; 40 shares St.
Charles Hotel stock at SKA considerable advance
over last sales.
The annual election for Directors of the CONNER
cial Bank of New Orleans alias Water Works, (wly
not dispense with the old title and call it the Water
Works Company p was held on the 7th inst, when
the following gentlemen were elected to serve as D
rectors for the year, Messrs Antoine Carriere.
Adam Giffen, Andrew W. Smith, Edward A. Brad
ford, Cuthbert H. Slocomb Jos. Lanata Mr.. Giffen
is designated as President. dividend of five dol
lars per share was to be declared at the meeting this
evening, which, it is presumed, is carried out paya.
| BILE on or about the first Monday in April.
| We are reminded of the attempt to organize a
Water-Works Company for the Fourth District, and
the wonder is, this association has not been carried
through. The old remark will apply to this Com
pany "What is everybodys business is no ones bust
ness. The Fourth District has been very fortunate