New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-02
Nth 0rleans 4ailp Gr.sftnt.
WEDNESDAY MORNING, MARCH ., 1859.
Ntm @rItans Nlontg Nlarktt.
CREsGEH1 orsIcE, No. 70 Camp stree

Tuesday Evening. March i. 1883.
The Money market was quiet, exceedingly quiet
today-the street and discount brokers appeared a.
inactive as on midsummer day. The calls on the
banks for discounts were, however, large-denoting
that there is some holding on in produce, which we
do not believe will rebound to any solid advantage
The Liverpool advices of the 10th u, by the City Of
Washington, arrived at New York, were in the pos
session Of the knowing ones at an early hour in the
day and were acted on accordingly. The quotations
by the Canada were sustained. We have no higher
quotations for Middling Orleans than I'd, which is
equivalent to fraction 104 cts in this MARKET
with present rates of freight, and per cent ex-
change. But if the figures quoted are really correct,
say lie and over the Canada's accounts, Aiddlings
have gone up above I'd. However, the intelligence
has inspired operators, and they moved forward in
purchasing. loan on the part Of the British Gov
eminent for s35 600 600 proposed So it appears
there other nations besides the United States that
have exhausted exchequers.
The Exchange market was well sustained in rates
to-date. The counter rate for checks on New York
ruled at dis. Double AL sight outside was to be
had at dis. Sixty days sight plenty. The banks
were buying at II q II and get. dis, which will
enable them to make something, provided they can
sell at I. In Sterling there transactions
for clear bills at 1881 a 1884, and bills with docu-
ments at l073, los q 1854 These are, however,
spnners bills, dealers spectators in cotton cannot
realize so high rates, and have to submit to 1914
1913 q 1919. 1t does not make the least difference
to cotton factors sellers of cotton who buys the
exchange, so long they get the cash for cotton.
In oden times factors had to take the bills made
| cotton, and their names would appear in bank for
large sums as endorsers their business. This is
now all done away with, and the document system
instated. There very little doing in francs. We
quote $40 a STA and from STA q 5.l5, and bank
| drafts for remittance $40 q $50.
In stocks there were sales of thirty shares Bank o.
New Orleans at 10l net, and further sales Of Bank
of Louisiana making in all 210 shares at from 1921
up to-. There is some enquiry for bonds and
holders are asking higher rates. ....
| We notice the retirement from business of Mr.. A
NJ. Nathan, who has been largely engaged in the ex
change and discount business for several decades o.
years. and for the last few years known the head
of A. NJ. Nathan & Co. Mr.. Nathan's residence il
our city dates back far the year 1903. The ex
tensive business of the late firm will be continued BY
his late copartner, Alexander Harris, in conjunction
with his two brothers, Aaron Harris and L. ]. Harris
under the firm of Alexander Harris & Co.
Mr.. Nathan, in retiring from long and activ'
career carries with him the good wishes and feeling
Of our old citizens, and we join in the expression
that his days may be prolonged in enjoyment. Their
are but few now remaining of the old school mel
chants who have withstood the revulsions and panic
of the last fifty years. and can withdraw with til
comforts and completeness of life.
Position of the Banks of New Orleans on the las
Saturday of November, 1858, and the last Saturda
of February, 1852 showing the variations for tire
months