New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-03
Nth Orleans 1ailp Grestent.
TUESDAY MORNING. MAY 8, 1859.
geb 0rIsans NIantg Nlarket.
CRESCENT OFFICE, No. 70 Camp street,

\
Monday Evening, May 2, 1893
The month, as well az the week, opens quietly.
Not more SO than expected. 1t must be taken into
consideration that for over six months an unprece-
denied state of activity has prevailed in market
Large crops Of cotton and sugar, with other produc
tons, have been sold, and gradual falling off in
business always takes place in April and May. This
season will not be exception to the precedents
therefore, the Bears in market need not say that
the probable war in Europe has any influence on the
regular and established Of events which have
attended commercial transactions in our city for the
last forty years every revolving year.
There very little done in paper, from the fact
there was very little offered. We have no change to
note in rates in the limited transactions that passed.
In Stocks there were some few sales, say 46 shares
Gas Light Company at 1872 100 shares Canal Bank
and 120 shares of Bank of New Orleans both on pr-
vate terms.
The Exchange market was altogether inactive,
though sight funds on New York were firm with an
upward tendency, no advance was established. The
counter rate for checks was par, with the demand
outside scarcely amounting to ripple, though draw
ers were firm. We quote sight bills on New York
and Boston at par9s dis. five and ten days sight
3l6@l dis; sixty days sight /, ls@ll discount. In
foreign there only limited transactions too dimi
nutiye to command quotation. There was some in
qury for francs, and note small sales for travelling
purposes at 5l32@5.l0. The range being from 5.l74
@5.07A.
We have to note some most extraordinary prices
given for property located Canal street. Messrs.
Vincent d. Co., auctioneers sold today the three
story brick store and ground known as No. 80 Canal
street. the ground measuring ls feet front by so feet
in depth, for the sum of s2s,50O. On Saturday last
the adjoining store, known as No. 80, of the same
dimensions, was sold for $26,50O. On the 9th March
the lot and building. known as No. 49, was sold for
$24 300. These two last sales were on account of
succession. Each lot is subject to ground rent of
1925 in favor of the CITY, which there has to be
paid f9ct. y annum. Connected with this proper
ty, positively refer to facts which show the
increase in real estate in our CITY, In the year 1929
say thirtysix years ago. Col. Maunsel White sold the
ground which these stores built including the
adjoining lot towards Royal street. say rs feet front
by so feet in depth for $4,000 The buildings then
on the ground rented for $720. They were torn
down and the present four stores erected at cost
sl2 OO0 making the entire cost of the four stores
known as Nos 49, co. so and "a Canal street, s25 OOO
The property has always commanded good rents,
particularly after the removal of the cotton yard and
presses of the late VIM. Kenner l. Co., which fronted
Canal and Chartres street, embracing part of Ex-
change Place.
1t now appears that this property sold to-day at
the rate of STA O0othat is four stores measuring
1sa feet front by As in DEPTH ground so feet This
advance, though not great other real estate,
yet shows the steady advance Of central located pro-
perty. These four stores sold in the year 1882
for s33 600. They were erected in the year 1928,
thirty six years ago, and the money for the same
passed through the hands of the writer of this article
Condition of the Banks of Ne,c Orleans on the last
SATURDAYS of dp,T{ for fre years: