New Orleans daily crescent., 1859-12-30
Neh Orlsans 1allp Crescent.
FRIDAY MORNING, DECEMBER 30, 1859.
slsn @rIeans aflousu atlarkst.
csrscxsr osrrcr, No. 70

4
Thursday Evening, Dec q. 1859
AS expected, the general Money market was
operated on to-day by the large payments to be
provided for within the coming fifteen days. The
amount to be paid into bank within that time is
large, much beyond any year for the last decade Of
years as well as months. No trouble is anticipat-
ed but, Of course, borrowers and lenders will
have some strong arguments. The most important
feature to-day was the general duIiness Of the ex-
change market. There was no action whatever in
bills. Several Of the banks could not buy because
they had nothing to buy with; others purchased
now and then from their regular customers; other
banks were receiving and closing mp the purchases
made last week, and having no desire to do busi-
ness just for the fun of it, they concluded to defer
investments until next week.
The fluctuations in sight funds on Northern cities
are so frequent and the rates of sight vacillating
from day to-day that there is no prospect for
profit by ordering back coin for exchange bal
ances. The counter rate for checks on New York
ranged from 305 dis In sight bills there were me-
gotatons going on at /, s9l4 discount, and short
sight from 1a@19 discounts sixty days at all sorts
of figures from 24@23 for the best of names; 2lt0
for good; 3t934 discount for fair. At the latter
figure say 81 discount, there were some transac-
tions, but there were full as many at 23@3 yet.
discount.
In foreign there was more dullness and inactivity
than on any day of this week. We quote clear
sterling on London direct at 107@107a and frac-
ton over for some grades, even up to 107s@l073
for standard names. In document bills it appeared
that the Bears had it about their own way, taking
some fair to good names at the low figure of 1860
1904, making the extreme range from 1060106
In francs there were transactions worthy of no.
| tice. We have to quote a dropping market, with
good bills to be had at from 5.3l l952sI with the
| market ranging from 5.37! a 5.279. Here is a
chance for any one desiring to place funds in the
Empire.
| We notice sugar estate advertised to be sold
located in the parish of Ponte Coupee on account
of the present owner desiring to go to Europe
Undoubtedly there are many estates to be had BY
paying about two prices for them.
| The general stock and bond market moved alone
| quietly. There were some bonds of the Mississippi
Central Railroad offering but as there is taint at
tached to all securities emanating from that State
they are not received or looked on with favor i
the general market, though they are offered at 2
ar get. discount, and drawing interest at til
rate of get. u annum In bank shares ther
have not been any transactions. The season
dividends is at hand, and holders prefer to receiv
them. There are some shares on which loans llav
been made, which may be placed on the market
The transfer books Of most of the banks will b
closed for the first twelve days in January.
The great Panama Railroad, or the Director
thereof, have declared, and will pay half yearl
dividend. We learn that the earnings of this roa
for the last year were 81 sl,90O,OOG-that it has pal
u T2ct-two dividends for the last year-and thu
it has now surplus Of 100000.
When will the Tehuantepec Company commene
} operations In fact, are the privileges of til
!, Company or grant to be swallowed up or purcha
ed off by parties interested in other routes, whi
is to be the sequel Of the high sounding anticp;
tions that have been held out to stockholders?
The earnings of the Panama Railroad for Oct
ber and November last were $4i6,0OO again
s2S0000 in 1858. However, as Tehuantepec is n,
appreciated on our flags, we publish some high
interesting figures, relating to home incorpor
ton, which, it is believed, will be found high
satisfactory. .s..
The business and earnings of the New Orlean
jackson and Great Northern Railroad for the thr,
months ending the 3Oth November-the first qua
over previous years. The fact is, the business
the road in the way of transportation of freight al
passenger travel is only in its infancy.
The following figures denote the earnings for Il
months of October and November for the yea
1s5s-'59: a..5..
D....u.,. Oct; lss9 1859 Oct iiss;5s 1853