New Orleans daily crescent., 1859-11-18
CRxscEsT OFFICE, No. 10 Camp street,
Thurada- Erapsr1 Ear- ~ ISE

D
- -..s5s Thursday Evening Nov. II. 1859 |
General stagnancy ruled supreme in the Money
and Paper market to-day. The quantity Of paper
onering is through SO many different brokers that
the actual amount Of negotiations cannot be arrived
az Dut there is deficient supply to meet the re-
sources outside Of bank. 1t ia too early in the sea-
son for the making up Of planters paper on crops
10 pe raised. At the same time the banks have as
many applications one way or another as they de-
sire. If there are many lenders Of money fownera
thereof who have more than they can invest in |
the purchase of paper securities, we suggest that
they invest in vacant lots Of ground build small
dwelling houses for the increasing population or
our city. Such investments will prove more bene-
fetal and do more good than speculatng in stocks
or commercial paper. In fact, squares of ground
can be purchased, which, if properly improved,
will pay 20025 get. u annum, even with little
extra rate of insurance paid True, the buying and
trading in paper possesses some advantages. For
instance, capitalist can turn his porte feuille,
the contents of his breeches pocket, from paper
into gold in about fifteen minutes time, particularly
if he chooses to get frightened at some spasm in
the commercial and financial world, or some ina
ginary pressure. Our moneyed men have lost very
trifng sums by the recent fires. 1t is believed
that the sugar interest will be forced the market
in the of the for assistance. The late
cold weather has cut short the fond anticipations
of even 900 hogsheads of sugar being realized
from this seasons planting.
The Exchange market to-day was something in
unison with the weather, dark and cloudy; in fact,
it was something on the whimsical order, first one
rate and then another; SO with the clouds and
rain Change every hour was prominent feature.
There were sales of checks on New York at some
of the banks at Get dis. at others dis, and
with others was the steady rate. The sales out
side of the best Of sight drafts were at s07l6 dis
There were several transactions at these figures,
with other sales at 41l1-16. 1t is hoped there will
be no more division of fractions. We note 16ths,
and hope we shall not have to go to 32d. in ex-
change dealings There were sales of three days
sight at 9-16. Ten days sight at 3@g dis sixty
days sight at lS@l} and get. dis. for good drafts
and 22t for fair. The banks had no desire to take
largely, as two of our largest banks say they
not make get. in exchange dealings Foreign
bills and transactions were quiet. Clear sterling
ruled at 1889, lO9Gl109t, and for remittance 1093G
| lO91, while the banks which draw ask higher
| figures. Document bills we quote from 10s@10S4
to l0sa@l0sS qualifying the quotation that there
were some grades which will not command over
| lO7a@lOs, and others that will bring 10s4@10S5.
In Francs there were no sales worthy Of record.
We place figures at 5.25@5.20 on outside ports,
and 5.2l4@5I64 on Paris direct. In stocks there
were sold A shares Gas Light Company at 49,
Ten shares Merchants Bank at lO2, and few
shares of Bank of Louisiana at 1856. Prices Of many
descriptions of shares are approximating real
| fancy prices. The Directors Of the old Pontchar-
train Railroad have at last discovered something of
the philosophers stone. They have declared a
dividend of get, payable on the 10th December,
which makes Get for the last year. We tender
our congratulations to the stockholders, and hope
| they will not think of selling out now
The receipts, or rather the earnings Of the New
Orleans and Jackson Railroad, show indutable
evidence Of steady increase from year to year,
and the remark will, it is believed apply to every
month as time progresses, as appears by the re-
turns Of the month of September, 1853, which show
an increase over the month of September, 1858, Of
a fraction over 56a get. The table below gives
the earnings for the month Of September for three