New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-01-29
gth 0rl.ans 9ailp Grssftrt.
SATURDAY MORNING, JANUARY %, 1859.
Slfm 0rItans Nluatu Markit.
csEscrrr OFFICE, No. 10 c.

4
4 FRIDAY Evening, Jan %, 1859
The tone Of the money market is unchanged-the
offerings for discount to-day were deemed heavy. On
the street there negotiations Of twelve months
dated mortgage paper city property, at n get. o
annum. There were also some loans at one, two and
three years at get The supply Of capital continues
free and likely to remain 30. The European adyices
by the Arabia were received to-day shortly after
operations had commenced, and being of weeks
later date, there inclination on the part Of
buyers and operators to suspend transactions until
the charactenof the advices was fully developed
decline of oneeighth cotton was the chief purport
on that point, but parties are regarding the de.
cline consols as the harbinger Of ill-adyces We
can only say, fudge" and any cotton factor who
relies the price of British consols French rentes
or Austrian metalliques the basis of movement in
cotton, is not in our view fit representative of the
cotton interest nevertheless, we have information
before u.s. that some feeling, considerable tmidity
is evinced regarding the result Of shipments of
cotton, and the bills connected Herewith Losses
to large amount are already advised Of, yet
spinners make up the deficiency il an advance in
yarns and manufactured goods can be realized. The
decline Of on cotton for the week ending the 18th
is no more than was expected.
The Exchange market opened with some languor
this morning, and moved on the same After the re.
cept Of the Araba's advces, buyers insisted on de-
cline and evinced desire to move at the opening
rtes We note transactions in clear bills on London
at 1881 @ 1854. The range of the market being
from 1917 q 1854, and for remittance 1Os1 "a 1881.
Document bills were taken at l073 q l072-extreme
rates being 1914 q 1914 and l073 Advices were re-
ceved at late hour by telegraph quoting the result
of the Arabias advices in New York. and which were
altogether in favor of the Bears and it is presumed
the Bears will have the call tomorrow. There was
no change in domestic funds. The banks were selling
checks over the counter on New York at discount.
Outside rates ruled at I a discount. Double AL
sight was to be had at l. Thirty days sight CONNER
cial drafts Ii a IL discount; sixty days sight u
II discount for good names, and II a and 81 dis
count for good to fair. Francs were more inquired
for to-day. AL drawers hold at 5221 a SPA on
Paris direct on other points the rates range from
$3.50 q 5.233.
Stocks are advancing, particularly bank shares.
They are getting too high for general safety We
note the sales to-day of 100 shares Bank of America
at 106; so shares of the at 1063 10 shares at
log 100 shares Union Bank, in two lots, at 101,
$4,000 City Bonds, endorsed by Railroad, at s22.
There will be State Bonds offered on the market
within few months to the amount of $685., 900, at
thorized to be issued to the following Railroad Com
panies
To the opeousss Railroad. $50 mn
To the Vick.burx and Shreyeport Road s ~
10 the Baton Rouge and Gross Tete 1900
900
1t is supposed they will be the market sometime
this spring. They will aid in absorbing some Of the
increased bank capital