New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-17
0e6 Orleans Gully Crescent.
l7INANCIAL AVID COMMERCIAL DEPARTMENT
Men NELeaas Mplltu IEIarktt.

CREsCRET j
"Wednesday Evening Jan. 49, 1915
The movements to-day, financial and CONNER
ciaI, were "a the qgfct order. The large sales Of
cotton last week hays beer interrupted in the de-
livery by the yet and rainy weather, and with the
absence Of Ia1eTnews frpHl Europe (now dae) and
the North, there ras very ie inclination to move,
that is, to buy co2:on. TIE cotton market, how
ever, was more operated IN by tie advance in
fFeigbts than otherwise.
The movements in and abGat the banks were
light. The calls offerings foy discounts were not
excessive; but imere was good quantity of paper
flying about in the hands of I1ote broasrs, and
paper which has heretofore beer classed, and ~
now equal in strength to Al, was refused at the
rate Of "a get per annur, having only 60 to 30
days to ran. There is probability Of large Sums
Of paper being made this season. Capitalists and
dealers il lOng-datcd commercial securities Will
have to go into retirement u1less-they up TO-
II and 10 yet. There il legitimate business that
will Justify higher rate of usance. Irue, the
Federal Government at Washington did borrow
three Tillions of dollars ct the rate Of y D
CT to aid in paying the interest on the LIST instant
The greater part of this loan Was taken through
one Of the New York banks, tie Bank of Com
merce, managed by good Republican citizens, who,
with their friends, happened TO holllarge amoants
Of the stock on which the interest was to be paid
Twelve get. was, however, considerable of shave
The State of Louisiana can at this moment borrow
from its own citizens all the money wanted at the
ordinary rate of pet. per annum interest.
Some Of the money articles of the New York
papers received to-day, say Of the 9th instant re-
marks that there was some anxiety manifested in
Wall street and on the exchange market about the
steamship Star of the West, arrived at Charleston,
and the results of that arrival the Inhabitants of
that city. Well, these suppositions really
amusing. IF the Star Of the West had got into
Charleston the New York market was to be e,2bi-
rated as the Star did not get in, we are somewhat
at loss to know how Wall street will feel the
effects.
| The Exchange market was ffrmer to-day. There
| appears to be large balances due West, which are
called for in New York funds. The rates of sight
to-day were well mantajned-594 discount for AL
sight outside and f9l discount the buying rates
at the banks, with the COULTER rates at the banks
ruling steady at discount. Nothing done in sixty
days, nor will renitters take bill of this date,
even on the best Of Black Republicans northward,
though these very would-be remitters sympa-
| thisers and connected in some way another with
Northern drawees. Francs were frmer, and the
closing rates of the day indicated advance. We
quote best on Paris direct 40, with other
transactions ct 555. In sterling we note sales oil
clear bills at lO23@l03 up to lO33@lO4. Remit
lance rates higher, say lO43@l06 Document bills
ranged from l01G1l0l3 up to 1929, and though the
offerings were rather light, there was no advance
realized on the part of sellers.
Tn stocks there is very little movement. We note
the sale of 500 shares City Railroad Company a
something above par, taken by Northern CAPT
talist. which indicates confidence in our local in
corporations.
In conformity to our CUSTOM we publish the
usual halfvearly returns or statements Of the mos
pIoLh1HeHV hd"As III h'e " e7' 'int 49, ING 7e9tlon "
the west which has been Tor the last thirty year
|