New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-30
SJlttp Ortsans 1atIp Cresfelrt.
FINANCIAL AED COMMERCIAL Departures
glen Orleans Htorg 5Barktt.
ORKscErr OFFICE. No, 70 Gsmp s .r


The general money market moved along qu2sEly
to-day. There WaB press foT Discounts, Beyond
4he regular routine of commerce and trade. Tie
genera! routine Of trade is settling down on whist
we have before alIF5sd to-a CAST level. 70 re-
move any doabts aboat what constitutes o cash
level we have ogay That cash level iza dead level
and the dead leJe movement, as if wefs, ia placing
orr commercial community in an independent po-
ston. THAT holders ana owners Of money can
pirate away much as they deeire, yet if here arc
70 commercial other securities ahoat they would
be horS de sonlJat. As the eozrse of things is now
tending it is palpabEe that the dealers and Buyers
Of paper, who have FOR years, IN some measure,
dictated and controlled the View Orleans money
and paper market, wilTbe bors.de combat IL is
about time for capitalists, dealers in paper, ownsTs
of money and those who have been living on cen
per cent that the borrowing and aTcepting systefF
has received check from which it will not re-
cover this year, 1881 that there. are very limited
amounts Of paper making from dag to day. In
fact, may say that Gthello's occupation is gone
that there are no twelve months cotton factors ac-
ceptances on the market; that the expenditures
Of dealers in and buyers Of paper have driven the
cotton factorage community into what may be
termed self denying position, on which ne might
diIate.
The exchange market, the great fulerurn Of our
commerce, was, in some respects, firm to-day. The
counter rate for checks New York rEed at
dis, though there some banks asking par
The simple qaestionis just this: if our banks have
willingness to lose their coiny they can enhance
| the rates of exchange at the bidding Of some two
or three outside operators who come to-day and
go tomorrow. 1t appears that the favorable news
lpau Df
exchange to enhance their professionalism H.
stance, the asking of l06@l063 for clear sterling
to-jay-though asking was one thing and realizing
it another The immutable laws OF supply and
demand however, may have something to do Will
| the upward tendency. 1T is hardly possible thai
we are getting so fast in debt to New York ant
Europe as TO cause exchange to advance so rapidly
as it has against us for the last eight days
The rates of clear sterling to-day ruled from l05@
1853 up to l06@lO61, and remittance rates still
higher say 107@l074. Document bills moved cor
respoDdingly, say from 1893 to l0a@l043. Accord
ing to the views of some bill brokers, the marke
was at skies and sevens. There were sales of tel
and fifteen days sight on New York at | tDl4 dis.
and good sight at I9s03 dis. Sixty days sight a
from 2@2b and q to q dis. for AL Other grade
at from p to 2i@3 get. dis. Francs $3.50. WI
quote 5.4O055.35 up to 5.3ll@5.2s2.
In stocks we learn of sales of so shares Bank o
Louisiana at 155, dividend on.
The largest transaction in real estate for the sea
son was brought to a close to-day. The Ren7
plantation, (sugar) situated on Bayou Lafourche
belonging to the late Juan d'Egana, was sold o
account of the succession. The plantation CON
prises 1850 acres of land and 294 negroes, which
with the horses, mules, steam engines and all, con
prising the personnel of frstclass sugar estate
were sold at four hundred and forty thousand do
| lars. Not much want of confidence expressed
the future of Louisiana, in the price paid for tn
estate.
We append the condition of the Bank Of Loui
iana previous to the making Of the half year
dividend of yesterday, the 28Lh. The position
the bank is strong. The surplus, or profit and 10
account made up from the same figures and stat
ments, shows $l,159,36S, against 81, l42,5 36 sar
time last year. The dividend declared yesterd
is the sixty ninth, and, according to our recort
the Ajax has paid to its stockholders within t