New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-05
Ned OrItaIs 9aiIp Grsstsni.
FINANCIAL AED COMMERCIAL DEPARTMENT.
5ltu 0riszns N,lOusg IIarhst.
car'cssT oss.ss, ss g Camp EI s. / I'll,

NHENCNNT 4
Wednesday, kysnfns. AprI 4, 1910 3
There was very little excitement In Che Money
market to-day. The chief feature was to GIL purses
TO meet the contest the plains Of Metaifie Most
parties paid all their obligations at an early hour
presented their compliments to Presidents and
cashiers-that no mere favors Or discounts were
wanted and took tarn down les rues Common
and Canal at q 2:2o pace for the great Messirie
Bank.
Inc payments in all the banks to-day were not
10 extremely large, say IN an two millions and
three quarters Of dollars mot sufficient 10 create
any fuss The largest amount was navable into
the Citizsns' Bank, which amount was double ~
| amount paid into the Bank 81 Louisiana t,on,l,
the payments were said to be heavy at he Aiar.
The collection and discounted paid into the CHI
zens' Bank amounted to eight hundred and fifty
Thousand dollars. The offerings for discount to.
day were not heavy at the principal banks, when
placed In juxtaposition with the income, as the in
come was tolerablc large. Tomorrow there ara
two days payments to be provided for All tho
banks viii be closed ON Friday, the 9Th inst, a.
per announcement. and IN conformity TO usage and
custom; also recognized by law. As there has
been considerable excitement and . correspond.
ing feeling in regard to the Metafrie Ridge banks
we observe that some of old, steady, staid and
most valuable members Of the body financial, good
and most respected members Of society, have, in
adyertently and unknown, taken the racing fever,
as will appear by the notices Of two banks. The
racing mania appears to have extended, to ascer-
tain which could use the lesser number of words,
or indite public notice, conformable to law with
the greatest hrevity. We do not know which party
TO award the race to- the gentleman on 81. Charles
street or to the gentleman ON Camp street. BY
reference to our column Of special and bank
notices, the question can be decided.
The downward tendency of exchange, which we
noticed yesterday, was confirmed to-day. Large
buyers appeared to be holding OFF for the decline
to be more fully established, and then come for
ward for a still further recession. The banks
which were buying New York sight would not do
better for drawers than / dis. and from that to t
dis. were the buying rates. The ruling rates out
side were at par, at which figure remitters
seemed willing to take with freedom. Ten days
sight discount; thirty days sight a@l get. dis
count Sixty days sight was dull and inactive at II
oil dis. for good and fair. There was no decline
to-day in foreign the knock-down yesterday and
the day previous seemed to be satisfactory to buy
1881 Though there were figures Of 1914 and q
fraction less talked Of, they cannot be deemed as
quotations. In Document Bills there were sales at
l07, l07t@IoT4 and 1073. Though there were sales
reported at less than l07, they cannot be deemed
as qnotable, as there contingencies consider
ed which nullify such figures to be assumed as the
market rate. Francs dull, very little demand, and
no great confidence held in the stability Of peace.
which, il disturbed, will effect finance and COM
merce in the Empire. We quote the general run
| Of francs at 5.26405.20; bank drafts 5.l7A@5.lsl
and sis, just as sellers meet with buyers, make
the best conditions and draw.
From the returns Of the earnings Of the New
Orleans, jackson and Great Northern Railroad, up
to the present time, or rather the close of March,
it will be observed that the receipts or earnings
are at the rate Of sl,a5o,ooO per annum or there.
abouts It Is unnecessary to stand upon fractions
in 50 large business, as figures show. The repor
Of one Of our public functonaries say the receipt
Of this road though large, did not come up to til,
expectations Of the directors. We differ from thos,
conclusions; and, moreover, we presume to sal
that the expectations and estimates of Boards o
Directors are not infallible. Nevertheless, the re
ceipts or earnings of the jackson Railroad Git i.
useless to be adding Great Northern and 50 on, al
every one knows what the jackson Railroad phrase
mean) are in the highest degree satisfactory they
are more than was expected by the lockers on in
Venice.f The earnings have been large, and some
folks say they might have been larger, but we be-
lieye that the figures and statements below will be
satisfactory. They come up fully to our expecta-
tons:
Earnings of the Jackson Railroad for the months OF
February, 1858, 1859 and 1850;
L 1880 1874