New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-30
Slqly ORLEANS 49ai)p Grc5tcnt,
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OHEscyar urFscE, No "a cANy srsMrT,
Saturday Evening, July q, 1866,
Inactivity has been the most prominent
movement il financial circles to-day. Gold
ruled all day at yesterdays closing quo.
tations, with barely moderate offerings and
only merely nominal demand throughout,
The only outdoor sales Lhattranspired were $1,000,
$4,000, $4,000 and $4,000 at 148, and $4,000 sold
late in the afternoon at l4sl. Sales of Silver
have been restricted to $500 American halves
and quarters at 1879, and 1000 Mexican dollars at
ISL. We still quote Gold at 147l@l4sl and Silver
at l398l4l for American coin, and l5l@l52 for
Mexican dollars,
FOREIGN EXcHANGE-There is no improvement
of any kind to notice in the movement in Sterling
or Francs. Offerings Of commercial bills exhibit
some increase, owing to large shipments Of cotton
to Europe on planters account, but the demand,
which is still Of a very restricted character, ia for
the most part confined to bank drafts and to bills
OF favoritc private drawers, for which full prices
are uniformly cXacted. The only sales reported
to-day were E3SO0 and Gt0O0 Clear Sterling at
1888; $1,000 do at l50, aud $1,000 private Francs,
in two lots at $50. Quotations continue IN
changed, and We therefore repeat yesterday
figures, a. follows, viz: Bank Sterling 16l@lG3,
clear bills 1jS@l60, bill of lading bills nominal,
bank Francs 3.15G1340f., and outdoor Francs
3.57l@3.5Of.
DOMESTIC ExcHANGE-There has been mode
rate demand at bank for remittance purposes TO-
day, which was freely met at previous quota
tons Outdoor offerings were unusually light,
however, and sales Of commercial have been con
fined to $1,000, $50 700, and $4,000 New Yo'h
and Boston sight at j y cent discount, and $4,000
do. at IL cent. discount. The ruling rates con
tinue at q cent. discount G1par at bank and l0s
" cent. discount in the outdoor market.
UNCunRENr NoTEs AND SEcURlrfEs-The has
been no movement worthy of special notice under
the above heading to-day. Most of the dealers
and brokers left the city a visit to the various
watering places, and tile business throughout wa-
partially or wholly suspended. No sales of any
magnitude transpred out Of doors, and there were
no operations reported az the Brokers' Board. In
fact the latter held evening session to-day, anC
transactions in the morning session were confined
to sales of $1,000, $l4G7 and $1,000 Gold at l47; Al
auction $4,000 Ope0usas Railroad FIRST mortgage
bonds were offered for sale by McCerran & Co,
but they had to be withdrawn for want of buyers
REAL EsTATE.-There is but very little move
meny noticeable in any class of lots or buildings
and the sales during the week have been unusual,
light. Prices, however, have undergone but little
if any variation, and we annex the following al
indication of ruling figures:
By c. e. Grardey & Co: Two story and atti
brick dwelling on Rampant. between Custom
house and Bienyile streets, for $4,000; one-stOrl
frame cottage on Clara, between Jackson aut
Josephine streets, $1,000; one do. on Howard
near Clio street. $685.; one do corner Common
and RoChebave, S62j one do. corner RochblaYt
and Banks, $3.50; one do on Banks street, 1915.
WAR AND NATIONAL FINANCES IN EUROPE
About the middle Of last month Paris correspon
dent of the London Times examined the fnaGCia
position OF the three powers then about to engag
in war, and setting aside the advantage which eaC
may derive from the gallantry of its army and til
skill of tg generals, he seeks out the one who shal
be best served by its material resources. He be
gins with Prussia, whose finances previous t.
Count BismaTcKs administration were in eXcecn
order Her funded debt was only about E44 900
600, and her annual expenditure G24 900, 000--on
the third of that Of France. Count Bismarck, how
ever, called five hundred thousand men to arms
and all the savings OF former ministers have bee
expended. Confidence, moreover, is destroyed, S
that Prussian paper money is at discount, an
the Prussan Bank has found it necessary to rails
its discount to % u cent.
Turning to Austria, he says the financial picur
is very dark. Austria has not ceased to increas
the deficiency in her budget during the last eigt
teen years, and TO contract loan upon loan. Cor
seq1enty her debt is increasing, and her credit
diminishing in an equal proportion. The Austria
debt is estimated at GAG, 900 900, The Austria
minister Of finance has increased all the taxes S
as 10 arrive at a revenue Of 100000 900. The il
terest on the debt absorbs so much Of the revenu
that it will be impossible to maintain the prcsel
standing army with the balance. Her bankruptc
is becoming imminent but the loss will fall chief
on Frank Urt, Amsterdam, Antwerp and Rrussel
from which Austria has derived her supplies
money.
Leaving the government Of Francis Joseph,
arrives at that Of Victor Emmanuel. The Italia
debt in 1860, after the annexation of Tuscany an
the Marches amounted to 100000, 600. 1t hi
been since doubled. The Italian rente was quote
at 81 in May, 1861; at presentt quoted at37. I'll
Italian government has been constantly inCrcasi1
its army since 1860 without engaging in war
has moreover, contracted engagements with raj
way companies which amount to above E2 900 0(
year. The two-thiris Of these railways al
completed but their bonds have fallen cOnsdc
ably below par. The Italian government has iu
ssued paper money, which, according to ii
Finance, is at a discount of twenty pr
cent, and according TO the Semane Financere
eight The truth is that there is no fixed rate
which Italian paper money can be converted in
gold. 1t is under these auspices that the ItaliG
government is about to attack the Quadrilatera
The budget of Austria for 1866, presents a total
expenses of 53l ,273,SSl forms, and of receip
49l 1874, 1876 forms; deficit 40 ,l39, lag forms.
Prussia for 1865, expenses, l50,599,l64 thaer
receipts, 50,7l4,03l surplus ia SCI OF Ital
also for 1865, expenses, 8T3 ,635 900 fr receipt
669, 43S ,563 FRI deficit, 20t O37 fr. In the Al
trian budget the army and navy were put dow
for SO 538, 9Sl forms, in the Prussian for A 1856
fr., in the Italian 900 fir
MIR. Gladstone recently made the following es
mate of the public debt of the principal nations