New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-12
geM 0tns Daily Crescent satuaday aonn fuara H. 1859
0th ORLEANS 4ailp Grtsttnt.
SATURDAY MORNING, FEBRUARY 10, 1859,
Nsm 0rItans Hlontg Market.
Crescent OFFICE, No. 70 CAM


Friday Evening, Feb. II, 1889 )
There were increased calls on the banks to-day for
discount, with ALL in the aggregate, much beyond the
income Of each. Some reections Of course, attended
the movements of the day On the street and through
brokers there several transactions at the rates
of the week. Cotton moved again to-day with fair
sales considering all things. Clean cotton will as we
have frequently remarked, command good prices
while Ordinary and Inferior qualities will rule at low
figures. Though the banks are well above the re-
quirements of the law, it is essential that they con-
tnue so and it is hardly reasonable to expect that
they support the cotton market at prices to meet
the views Of many planters, until the English
spinners choose to come forward. There cannot
however, be any causes for complaints for the past
three days. Factors have held up well.
The Exchange market was pretty active to-day
the transactions all round large. The counter
rate for checks on NewYork was get. discount, and
some drawers outside held at OF, while there were
others willing to sell at q discount. At the lat
ter figure and fraction higher there were several
sales. OF short sight there were sales at q dis
count for five days sight thirty days sight at IL dis
count; sixty days from IL q II down to yet. and
u discount. The buying rates at the banks were
mostly at II discount. In Sterling there were several
sales at 1851, 1854 q 1oss-the latter an extreme
figure for investment though there were drafts taken
at 1881 q 1888. The supply to-day was very free.
Bills with documents were taken at 1o7a @ 1919 and
lOs Free offerings and willing buyers all round
Very little done in francs. broad range exists
Good drafts on Paris direct rule at 5.233 a 5.2l3 up
to $40. On other points the rates are lower. For
remittance the rate for sight particularly rules
higher, even to 5.lsl, and sight still higher.
There have been some transactions in Stocks say
2l2 shares Gas Company at 140 rs shares at l42 ];
100 shares Crescent City Bank at 1922; so shares
Citizens Bank at the advanced figure of 212 dividend
on. We have not heard of any sales Of bonds this
week. There are very few offering.
The Commissioners of the Consolidated Debt are
in the market for the purchase of 100000 of the
Bonds Of the City, issued under the consolidation act
proposals, according to the following notice:
CRY HALL, New Orleans, Feb. 4, 1859.
Notice is hereby given that according to the 37th
Section Of the Act Of the Legislature of the State of
Louisiana, entitled An act to consolidate the city
of New Orleans, and to provide for the government
and administration Of its AFFAIRS approved the 23d
February, 1852, and of the 5th Section of the Act
supplementary thereto, and providing for the incor
poation of the city of Lafayette with the city Of New
Orleans, approved on the same day
Sealed proposals will be received for the sale to the
city Of 200 Bonds Of 81 900 EACH of the Bonds issued
according to the foregoing acts until the 18th March
| 1859, at II o'clock N.
| Proposals to be addressed to O. De Buys, Secre
tary, and endorsed Proposals for the sale Of Bonds
The following are the quotations to-day of Banh
shares and Stock