New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-06
Ue6 Orleans 9aitg Crsstent.
AND COMMERCIAL DEPARTMENT.
9fy GrLears HEontg Marhst.
CRESCENT pgrffB. No. 10 Carp street
Tuea.saw ERinnirn Frh : taEI

Tuesday Evening FEB 5, 1881. ;
The tone Of The money market is towards ease
and quietness. The calls offerings at the banks
for discount are not greatly in excess of the in
come. Up to meridian the general market was
extremely quiet, when two days later adVices from
Europe were announced, say up to the 23d ult,
quoting the Liverpool market very firm and steady
but the Manchester advices were Of q backing
down. However the spinners' reports must be re-
ceived at discount, There are Bulls and Bears in
the great cotton trade at Manchester, as we'll as
spectators in Liverpool. Tt il diamond cut dia-
mond between Liverpool and Manchester. The
receipts of gold at New York from England con
time on free scafe--the three last steamers from
Liverpool bring over So, 100000 delivered at New
York. There is no evidence of any pressure in the
London money market; though the bank rate of
interest is get, the discounthouses and London
joint stock banks were only allowing 50059 get on
deposits. There is an immense amount of money
lying idle in England in the hands of private bank
ers and joint stock banks. It is estimated that
25,000o 900 in light sovereigns alone in the
hands of banks and branches, and the raising Of
the rate of interest to get. by the old grandmarm
is complained Of from the fact that these 900 900
soyereigns might be brought into use. 1t appears
a very great ado Or fuss is made in London if the
old lady is depleted of simply quarter of million
Of pounds in the course of a week, though it ap-
pears that the decrease in bullion for the week
ending the 18th ult. was only Eli, 600, or about
two and an eighth million Of dollars This is very
meagre amount to cause 50 much or create so
great a fuss, because the decrease in bullion was
no larger than customary on the paying of the
dividends, which followed the commencement of
the New-Year; nevertheless, the private adviees
by the Niagara say that money was abundant in
London up to date of the 18th of January. They
were more alarmed in London in financial circles
| about the action and movement Of the Bank of
France than about the shipments of gold for this
side. They will be relieved of the idea before long
that the gold sent hther, to the United States,
would come and perform sort of obeisance, and
then 60 back again to Threadneedle street. The
| impression prevails that good deal Of the old
| lady's gold will remain in this country, and be
| transmogriied in eagles and double eagles. In
| the meantime, the course of exchange is tending
still further against Europe, and other shipments
hther may be the sequel of present rates of ex-
change, particularly under the increasing demand
| for breadstuifs. .M"0 f.
| Our Exchange market to-day opened dull and
| under great depression. 1t continued SO through
out the day, tending from hour to hour in favor of
| buyers and remitters. The demand for checks on
New York at the banks was light, very light. The
rate was steady at dis. Bankers outside sold at
a@7-l6 and discount down to SGGa dis. Five days
| sight at ] dis. Sixty days sight was taken with
| more freedom at from 292l discount for good, and
| 29D24 for other grades. Foreign was heavy--the
best of clear bills available at from los l@l054
at the opening and closed at los, with some trans
| actions between 104l@l05. Document bills ranged
from l025GglO3 and 1881, though l035 was offered
for some grades that sold for l04 Saturday last
Some 5000 bales of documents were in treaty at
l03 Francs We're dull-oiferings free at .50G1540
| We did not learn of any sales of stocks. The
banks are all so very strong there is no desire to
| part with shares, only from sheer want of money.
| The President and Directors of the Citizens
Bank to-day declared dividend of get ont of
the earnings for the last six months. This with
the dividend of August last, say 10 get, makes IL
pet. for the last twelve months
The annual report of the President of the New
Orleans, Jackson and Great Northern Railroad
made to the Legislature, is before us. We append.
The earnings of the road show large Increase for
last year. say 81 Get over 1852 and Ill get. over
| the year 1858.
| new ORLEANS Dec. /, 1860
| To His EXcellency, Thns. o. Moore
| Governor of the State of Louisiana
SIR-The following statement of the affairs of the
| New Orleans, Jackson and Great Northern Rail-
road Company, is respectfully submitted by the
President and Directors. in conformity with an act
! Of the Legislature, approved April 2Sth 1853,
/ which provides that the President aud Directors of
| any railroad company, in which State is q stock
| holder, shall within week after the meeting Of
| the Legislature in each year. report to the same,
| the general condition Of said Company, the amount
| of capital expended, money borrowed length of
| road finished and under contract, and particular
| IA
another act, approved March Is, 1856, which di-
reefs that the report shall be made to the Governor
| of the State, at least ten days previous to the
| meeting of the Legislature.
The road has been completed with single
| track, together with the necessary sidetracks,
depot buildings, and water stations from New Or
| leans to Canton, Mississppi-a length of two hun.
| dred and six miles-in substantial and permanent
manner equal to any road in the United States,
with the exception OF portion between the city Of
| New Orleans and the Pass Manchac, which portion
is now being filled and raised in such manner as
| to prevent any future delays accidents.
| On that portion above Canton, known as the eX-
| tension, twenty.sX miles have been graded at a
cost of 500 000 and additional section of four
teen miles to the town of Kosciusko, is under
tract, and will be completed during the year 1861
another section, extending south from Aberdeen,
| Miss, to the Intersection of the Mobile and Ohio
Railroad Qength nine miles is under contract, the
graduation of which is nearly completed and ready
for the rails which be laid in season to take off
the next CROP should the receipts of the road equal
our sanguine expectations. In addition to the
work done on the above nine miles, there has been
| more or less work done upon about forty miles of
| the line through Monroe county, above and below
| Aberdeen, at an expense of about $500.
| The amount expended in the construction Of the
road from New Orleans to Canton, Miss, including
the right of way, real estate, depot buildings, sta
ton houses, iron rails, wood and water stations and
workmanship OF all kinds up to date
Has I'll 81
For locomotive engines ctls, tools, etc, in the ma
chine shop 46Gl 20
For graduation. right Of way and real estate, etc,
| north Canton. $4,000 90
Total OF road and rolling stock OtSS7A NJ
|
| The of Indebtedness for MONEY borrowed
upon irst mortgage bond $4,000 90
L0aS from the State Of Mississippi 205UD w
Amount OF bills ayable 735,335 Is
Total loans and bills payable. Sd BE *
The earnings of The road from freight passenger
| trains from LIST December, 1859, to the Both Of
November 1860 shown h statement H. 81 272 GS2 81
| The amount Hisbursed for transportation during the
period, ............... SSH ,5i7 70
| From this must be deducted for
penSeS incurred previous to Nov. 30,
INIT The