New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-13
Ne6 0rlsans 9ailp Grssssnt.
FINANCIAL AND COMMERCIAL DEpARrsIRsT.
Aelu 0rIeaus Montp Warhst.
cnrses 4, o,rIss. 70. . Camp ss.s !,

- Z - .,asr,s5sl 81. a.
W. Thufsday EVENING. April il isSs
1t has beel observed for some days past that TO-
day, or the events, would be of an extraordinary
nature in orr emporium; that an immense con-
course of people from every part Of the Confede-
racy would be present to take part in the most i'm
posing ceremonies and celebration Of the age.
Iheae expressions and representations have been
iuiiy confirmed by the grand Inauguration of the
statute to the statesman, Henry Clay, which will
De found detailed elsewhere in our issue. We have
therefore, very little, extremely little to say on
money and finance. There were no negotiations,
either IN paper or exchange, and next TO nothing
dome IN cotton. The Louisiana State Bank, the
Branch Of the same, and the Bank Of America,
were open as usual. The other banks were closed
70 an intents and purposes; though there were
oihciais present 70 answer demands, there Was no
desire evinced to assume the responsibilities Of
iaslng the payment OF checks, whether drawn in
1he cry q IN me country There was very little
business transacted to-day, and operations in ex-
ehanee, paper, stocks and bonds, we quote as
being on the infiniteslmal order. We have, there
fore, not word to say about exchange. The
banks, which we're open to-day, were holding sight
on New York at an l prem We quote fair sight
drafts on NETWORK and Boston at from an s6} and
SIG discount
The NewYork merchants, brokers and financiers
are striving hard to get Branch Mint in that city
The chief Director of the United States Mint, as
well as all Phiadelphians, oppose the suggestion.
1t is manifest that New York ia the chief port Of
Decentralization or receipts OF all the coin and bull
lion in the country Ofcourse, the Pennsylvanians
Will most strenuousy oppose the movement for q
Branch Mint in the Empire city.
There have been several sales Of central located
property recently, and at very high prices, yet
.hey were not much IN advance Of the prices paid
last year. say Tor stores and lots on Canal street. in
the vicinity oil camp and Charities streets. On the
"a Oh May, last year. the small three-story store,
known then as No. so Canal street next TO the
corner OIL Chartres- the ground lsa feet front and
on ieet deep-soid Tor ~, ooo. The buildings were
erected IN the year 1873, say thrty-six years ago.
withlh month past there have been sales OF tine
iour-story stores, on the opposite side OF Canal
street, between Camp and Magazine streets, at
very hign prices, nut not comparatively higher
imam iast year. For instance, the two four-Rt0ry
DITCH STORES, WIN the grounds feet mont by 90
ieet III oepen-soid ior si1l, ooo. TINS same pro-
perry, ho"eVeF, "as sou III 1909, Us belonging 70
W ese1te u oofneAus ior s4o,ooV, Win
some OF tne three'stofy buildings, whicn mad peen
deVoted ior years-say from the year 1873 to ls50-
70 commercial purposes, ana afterwards used and
known as tne Planters Hotel, though the original
oid fianters ana Merchants' Hotel was on the ad-
Joining iot ana feii down 40 the spring OF the year
1855, killing and manning several boarders and in
mates. The property now alluded to as having
"
improved since 1852 the old buildings then stand
ing having been demolished, and the present fine
structure erected So it appears that after paying
taxes this property to yield the usual or old rates
OF interest, should rent for about sl4 900 per
annum, or say $1,000 for each store. These are
prodigious rentals, yet they will be paid. In the
years 1913, $50 and 1921 the same property, with
three ordinary brick buildings, which would not at
this present time be called nothing more than
bricks and mortar; the bricks made out of Mis-
sissipi river bank sand, and the lime made out Of
oyster and other sells at Bonfuca, on the still
waters of Lake Pontchartran. The same property,
with three stores, rented in the above years for
s6ooo that Is each store OF Il feet front and rs feet
deep. quickly commanding $4,000 per annum. The
property then paid about % get. on the invest
vestment. 1t will not pay the same at this time.
The large iron front store erected last summer on
the ground owned by Jacob Brandegee, for thirty
five years or more, next to the corner of Camp and
Canal streets, was sold few days since for the
sum Of $50 900 70 pay 10 t}ct. and taxes, this
property must command rent OF $4,000 per an
mum. 1t must be a toierable good business to meet
this sum FOR rent Alone Atthe same time it is not
out OF place TO remark that the old building and
ground, forming the southwest corner OF Canal and
Camp streets-the Old property Of Pradat, the
buildings OF @heh were erected IN ls22, or say
about thrty.eight years ago-has been held at
from sso,oOo to s9o,ooo for the past six years.
On 81. oharles street property Is not held at such
rates lar from 1t. Inc building known as the
Union saloon, situated between Perdido and Poy-
dras street, has changed ownership at the price of
sl6,00o Lot 20 feet by 95 feet,
The building and lot adjoining the Bank of New
Orleans say 20 feet front by SO feet in Depth has
been purchased by the bank for the sum of $4,000
CASH. IL Is intended 10 uemollsn Inc building, so
4 "a form, m araa far fla honE ava tha ,arruinr
- " ~ 80 49, " M , " .o oa'iy tnS
out of an intended Improvement in the banking
mouse, by the opening OF spaces Tor doors and
- -, ~, Ar ,or+t ,;5o - ~. h,,.,l. M,
"Anuo"e VI NV sooon eiuo VI lAc puiiaiuS. 1He
huildinp can now he made one of the most canye.
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