New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-29
aetu 0rlfans paiIg Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
geb 0rleans Hlonsg HIarket.
CRzscksr orYics. No. 10 Camp street.
THURSDAY Evening, March q, 1861.

y
Nothing Of an important nature transpired in the
paper and discount market to-day. The calls for
discounts at the banks were in excess Of the in
come but as the most Of them are prepared to
grant cags above the receipts, there were very few
but whag obtained something. There is good
demand fsr the purpose of RENTING NorthWard,
for regular indebtedness Of purchases Of merchan-
disc. On TIE other hand, there are some parties
making preparations for seasons jaunt, and to
take away with them some few thousands Of dol
lars to invest ~ Northern States. The supply of
money on the market is large, and appears to be
increasing, particularly with those bglders who
have been partial to commercial securities that is
factors acceptanoes Of pIanters' drafts, which,
when confined in the issue within proper limits,
comprise the best Of commercial paper eItant, or
that can be made There were some negotiations
of good paper closed to-day at lO5il and II pct.
The same grade of paper thirty and SIXTY days ago
would not command an offer. For 6tg8 months AL
the demand is free at from 9G8l0 get. The banks
take all paper maturing within ninety days, having
moderate pretensions to soundness in fact, the
banks take of al, of good Style of medium style,
and now and then go little beyond.
The foreign intelligence received to-day [say up
to the l4th instant from Liverpoel) was considered
as bearing a favorable import No quotations of
cotton were received; they might as well be
omitted hereafter, so long as discrepancies Of a94
appear between the published figures and the pri-
vate advces. It is bruited about that there have
been sales of Midding cotton in Liverpool within
the past few weeks at 7lGD7! and even I'D, when
the public circulars only quote 63f97d- Some ship
ments from this port have turned out very well to
our knowledge. In the meantime, the advices to-
day were deemed of a highly important nature,
particularly as regards the recognition, on the
part of Great Britain of the Southern Confederacy
The Exchange market took a further advance
this morning. Banks which sold yesterday up to
the close of business at get. for checks on New
York, enhanced their rates to premium Outside
the rates ranged from a@5 and firm Thirty days
J T9ct. discount Some very tip-top factory bills on
Boston at sixty days sight were placed OF dis
count; other choice and good bills on New York
direct ranged from 2@5 down to l T}ct discount.
It is good time now for jockeys, as some little
more cotton is wanted for the Northern markets.
Sterling was held at l0s@l084 to 1885, with some
transactions at all the rates; but the bulk of the
sales was l0s@lfsb--the latter figures were for
diminishing purposes-extreme rates ranged from
1073@l084 We did not learn of any movements
in documents, but quote from l06a@l07. There
were large movements in francs-200, 900 on Paris
at 5 27I05264 and 5.25 other sales at 5.2II, and
one million, part at thirty days sight at 5.225, and
part at sixty days, 5.25-supposed to be connected
with the recent purchases of tobacco. In the open
market the rates range from 5.35@5.25. 81
There have been several sales of the free bank
shares this week, among which we note 275 shares
of Bank of New Orleans, in several parcels, at from
9Sb@99 and 999@lOO; 200 shares of Mechanics
and Traders Bank, in parcels, at from OSLO
100; So shares Union Bank on PIT; 225 shares of
Merchants Bank, in lots, at from 95@S71 up to
80, and a negotiation going on for Crescent City
Bank at 90. There have been no transfers of Bank
| of Louisiana nor of State Bank this week. There
was some inquiry for Jackson Railroad Construc
ton Bonds to-day. State Bank is held at IT'S
Bank of Louisiana is held at ITO, aud Citizens a
| $50.
There have been many remarks on the amour
| of Indebtedness of the State of Louisiana. 1t
| supposed to reach an almost fabulous sum, wher
in fact, it is only little over one-tenth of tn
amount of the State of Pennsylvania, whose il
debtedness is upwards of forty millions of dollar:
The debt of the State of New York is little owe
$50 OCO ,0O0-about seven times the debt of Lou
| siana.
The following figures give the amount of il
debtedness proper Of the State of Louisiana:
| Total lab ties for bonds issued sud falling due he
tween the 1867 and 1900 S3n1S G
| Amount due tha General ti0rrrnfIe. for tho
ohg RP rus, ssvs sn. asoo.i.sd in 4 5fs
Total of debts proper.... 4,502 30
The State is liable for bonds issued to the pro
perry banks to the amount of IS 399, 1913, of which
81 ,2o7 1888 is for account of the Citizens Bank.
| This cannot be called a real debt as the banl
will pay the bonds issued at maturity. There are
| 81, IOl 900 in bonds issued in favor of the Con
solidated Association or Bank and SOS, POO for ac
count CT the old Municipality. The amount O
taxable property in the State, according to the las
returns to the State authorities is four hundred ani
sixteen millions of dollars. With many additional
| improvements, extended cultivation of lands ani
increase in negroes, the taxable property in the
State may be safely valued at this time at foui
hundred and fifty millions of dollars. The amount
of the debt proper is only pet of the valuation o.
of this taxable property.
The following figures give the condition of the
banks of the United States on the first day of Jan
uary, 1861 as the returns made TO the Secretary o.
the Treasury at Washington City.
The number of banks and branches Throughout
the Union CHAT was) is sixteen hundred and forty
eight.
Capital nAnr'TF .sisss ,s xo.o bills A s. as
r1,Iutin, rlnrfrn