New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-11
Ne6 Orleans DUH GrtsfeIt.
FINANCIAL AND COMMERCIAL DEPARTMENT
yem 0rIsans moutv Ilarhtt.
csEscrgr OFFICE. No. 70 Camp street. !

yew 0rLsans HLontg HEarttt.
CREsczrr OFFICE. No 10 Camp street !
Thursday Evening, Jan. TO- 1851.
The general money market moved along very
quietly day. No press for discounts at the banks
and outside movements were confined to some few
sales of four to six months paper at the rate of IL
OILS get. This will do tolerabEy well for sellers
and borrowers. The banks are, however placing
themselves on war footing. They are looking TO
the future, if we should judge by some Of them
having the entire amount of cash liabilities Oh
hand in coin. There is no real press for money
just at this time, though many people do say that
money iz tight but that is the mere echo of events
That 1t is very difficult for some parties to raise
money to meet Northern NEUTRALITY-SUSPICIOUS. q
great share of which may be due to the direst
enemies Of Southern interests-cannot be diseuis-
ed. There is large amount of paper now running
to maturity, the proceeds of which are going
directly into the hands of Northern citizens. say
Ohio, Pennsylvania, New York, all New England,
with a few parties residing in New Jersey. We
hope and believe that every dollar of this paper
will all be paid, and the thraldom on the North be
for ever relieved.
The advices from Europe to 2sth nit. strengthen
ed our general market and Notwithstanding war
alarms, the day closed very satisfactorily.
The Exchange market seems to be the chief
attraction that is, second to the great staple. The
transactions have been large every day this week.
The rates between the banks and outside buyers
show great discrepancy. The dealers in sterling
paid 102Gl02d, and some sales were made at
higher figures. Document bills Of lading, TO the
| amount of 1000 bales, were closed at 1006l1003
and 10l. There were other sales at 1030Gl03a and
l03E@t04, and it was reported that bank paid
this figure, for what purpose we cannot say. In
francs the marketw was extremely quiet. We note
some light transactions at 5.471, making extreme
quotations from 5.60@15.473. Nor Northern sight
the good demand so frequently noticed continues
| The counter rate for checks on New York was
| steady and uniform at all the banks. Outside al
| drawers bankers bills ranged at GOA discount
| while other good bills at sight were sold at from
| @1 and Il discount. Three days sight from ItMii
discount. Sixty days sight had an upward feeling
which, if it continues to grow may enable many
produce operators to realize real improvement o.
from 1@l get, that is, good sixty days sight may
advance to 2a@3l discount
The general stock market has an upward feeling
We note sales to-day Of 43 shares Bank Of Loui
siana at 155, and 10 shares at 1853. sale of Jack
son Railroad Construction Bonds was made at so
4 The Bank of America, the Bank of New Orleans
and the Mechanics and Traders Bank commenced
paying their %a:f.yearly dividends. The calls wer
prompt, while some others remarked they had N
use for money.
In our columns will be found the last statemen
of the Home Mutual Insurance Company, whic
shows something really imposing, and as equal
strong and sound in resources and assets. TIL
| lis for The lac q no hrca
for the same time have been $2S2, OG0. The cap
tai and assets of the Company are now 81 ABA, 73s
safely secured and invested, and offering to the ii
surfing community all the guarantees and securit
of one of the most solvent and strongest nature
The profits for the last year enable the trustees
declare scrip dividend of 40 Get, and to redeer
three -fourths of the outstanding scrip of 1851
and pay in cash the usual interest of get. on a
outstanding scrip.
From the Boston Shipping List and Price Gu
rent of the I'd instant, we extract the followin
details of the sugar market of that city for the yes
1860
In January last the market opened firm fc
sugar, prices ruling from 6a@97ac for Nos. s to II
74@s4c. for Nos. u to 1G; and 9@9ac for Nos.
to 20. The first six months Of the year the ma
kot, generally speaking, was firm and good priic'
were sustained, the current rates in June rnlir
from 7973c. for Nos. to ii, S99}c. for Nos. J
to l6, and 9l@95c. for Nos II to 90 and thes
| were the highest prices obtained during the yea
From July to November the tendency of the ma
ket, Influenced by more favorable advices in rel
ton to the Louisiana crop, in connection wi
large receipts from and the prospect of vel
good crop in Cuba, has been downward, pric
ruling during that time from 492c. under the
figures, bat in November the unsettled state of Il
money market caused a rapid decline in the ar
| Gle, and for six weeks past prices have been amo
entirely nominal, touching early in December tt
low figures of 56554c. for Nos. to IL 6@64c. Fl
Nos. II to 16: and 7QD73c. for Nos. II to 90 b
with better feeling at the close, influenced by o
easier money market and large shipments to E
rope, an advance of 3@2c. has been established
these figures. Prices of Muscovado ruled hghe
in January and February last, when sales we
made at 7(979c for Fair to good Refining, T40l72
for Fair to Good Grocery, and 74@s3c. for Prin
and Choice. From March to November pric
auctuated from 4@4c. under these figures al
since November the market has been unsettled al
nominal the sales at 5@l53c. for Fair to Good
filming, 530Gc. for Fair to Good Grocery, and 81
&c. for Prime and Choice being the lowest of Il
year, but the market closes firm at an advance
lM5c. on these figures. The New Orleans sug
received during the years sold from 64@7Sc., b
none has been the market for some mont
past. The sales of Manila during the year we
1859 bags at 74c. in January last, 5000 bags
G5c., and SO584 bags at 64c. from March to Mover
Der. In 1859 prices ranged from Ga(07ac. in Is
from 54617c.; in 1857 from G9@ll04c. in 1856 fro
GI0l9c.; in 1866 from 540174c. in 1854 from Il
55c. and in 1853 from 44054c.
The highest and lowest prices for ten years ha
been as follows
| b
1859 .........................,..... G15Gt0 Is a
1855 @ w 524(G
| 1891 -. Wllts bihJl
iS5o ...'.......-'.' ''''.'.''''.-'. lt4&g2i{s @l