New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-08
Nsh 0rlsans 4ailp Grsstent.
TUESDAY MORNING, FEBRUARY 5, 1859.
Atp NrItars uluntu Narhst.
CRESCENT OFFICE, No. 10 Camp str
Monday Evening, FEB I, 16S

CREsCErT OFFICE. No, 10 Camp street.
Monday Evening FEB !. 1856
We commence the week with large receipts Of pro-
duce, to be added we may say, to the large stocks
previously on hand OF our great staple, we can say
very little this evening The advices by the Asia
were not at hand to-day and the Discrimination on the
part of buyers was stronger than on Saturday
nevertheless, the delay in the accounts does not
create any uneasness it is well known, with the
good state Of trade in Manchester and other manu-
featuring districts, cannot receive any accounts
depressing cotton more than an eighth of penny "
week. The great event is to equalze the relative
value Of cotton in New Orleans and Liverpool. Our
market has to advance the other has to recede 1t
is impossible for the great difference in prices to re-
main much longer stationary.
So far as money and paper moved to-day, the mar
ket was extremely quiet. Some few transactions Of
choice paper at one and two years. at the rate Of y
ct. y annum, confirmed. So there were sales Of
good factors paper Of 10 and IL months at the rate of
get, and some at IL get, with single names at the
rate Of get. u month Double Al names, of which
description Of paper there is very little aoat ranges
from "a q and 81 get. The offerings in bank were
about much as wanted.
Exchange opened under some languor. As the day
advanced, large dealers felt disposed to move, but
there was no large amount Of sterling offered. We
quote clear bills at 1851 @ 1851 dealers rates !;
1889 @ 1881 for remittance. We did not learn Of
a transaction in document bills. Francs without
change 525 q 5.21 for the range Of bills direct on
Paris. On New York the banks held and sold at
discount Outside there were several sales at dis
count amounting to three hundred thousand dollars.
Thirty days sight q H. and several transactions
in sixty days at IL @ IL discount. There were large
offerings at these rates. and buyers took what they
| wanted. We, however, have to quote from IL q Ii
and get. discount. 1t is idle for drawers to be ask
ing d. with the large basis for exchange, and the
large balances before them, which the banks hold,
reaching to-day nearly ten millions of dollars.
There was not much done in stocks to-day. We
note sale of 35 shares Of Union Bank at 101A SO
shares of Bank Of Louisiana P. T., and some nego-
tiations astr in Others which may reach contracts
The sale of the real property belonging to the
estate Of the late John McDonogh, was commenced
to-day. There was an immense concourse Of citizens
present and some Of the property brought enormous
prices four times much it cost the old miser; the
amount of sales WILL in all probability, exceed the
last appraisement The full details will be found in
our columns when this remarkable sale is closed.
The annual election for Directors Of the Citizens
Bank was held today. The following gentlemen
were returned: Messrs ]. D. Denegre, President
John G. Gaines, of Henderson b Gaines, crockery
dealers; P. A. Giraud of P. A. Giraud l. Co., gen
eral commission merchants; j. G. Goodrich, of Good
rich & Co., grocers; A. Landry, of Brand 4 Landry
sugar factors; NJ. Musson, Of John Watt & Co., cot
ton factors and A. B. Roman, Ex-Governor. Til,
State, through the Governor has the appointing o
two Directors, aud it is supposed the present incum
bents, Messrs. Macaulay and Starke, will be reap
pointed.