The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-19
5hs Sem ORLEANS Greste
TUESDAY MORNING, JANUARY 10, 1869
Aem Orleans sRuneg Ttaket.
CRxscKNr OrFIoE, No. - CAN'T srvEyf, /
Monday Evening. Jan. IS. 1869.


CRESCENT orrIoE NO ~ CLxr srvKxt
Monday Evening, Jan. IS. 1859. J
The money market continues steady, but in
active. GOd opened at New YORK this morning
at 1861, against 1863, the closing rate sitordsy
at 1880 A. N. il quoted at 1876 at II IL ruled
at 1861, and ct P. NJ. il closed at 1855. Opera
lions in this market disclose but little. IT any. i'm
provement and rates have remained IN accord
ance with the alterations at New York. We ap'
pend particulars Of the principal sales as follows,
viz; $1,000 az 1856 $500 at 1861. 200 81 1850
1864, $4,000. $1,000, Sl2, 500 and $4,000 at 1861,
aud $1,000, $4,000 and $4,000 at 1853. Sales OF
Silver have been restricted to oribets, and We
now quote Gold at l360l36l; American Silver
coin at l3l3Ql32, and Mexican dollars at 1875
@l3s.
movement in Sterling and Francs throughout TO-
day has been in favor of buyers, owing TO the
downward action of the New York Gold and Bill
maket. Offerings Of commercial continued light,
however and with only moderate demand no
ticeable at best, the actual sales were confined TO
the subjoned amounts, viz: fl500. bill of iading
bill at l47, fl0,000 commercial do. at price
that has been withheld; 100000 commercial
Francs at 3s24f and 80 O00f. private bankers do.
at Sllf. The ruling figures this evening were
l4s@l4s3 for bank sterling; l47@l473 for COM
mercial do: 3.S0f. for bank francs, and 3.S34t.
I, T commercial do.
DOMESTIC ExCHANGE-Transaction under the
above heading have exhibited bot little, If any,
variation eince our last. The market was fairly
though not neaVly Buppned WIN COMMERCIAL
sight and short sight, while the remittance de-
mand was of restricted character from the
opening TO the close of business. The following
embrace the total purchases by banks and bank.
ers, viz: 100000 New York private bankers
sight at J q cent. discount; $780, 900 do at Is
u cent discount; $1,000 $4,000, $4,000, $50 900,
5000 and 500 600 do. at " cent. discount;
$1,000 and $4,000 do. at I u cent discount;
5000 thirty days do. at u y cent. discount;
$4,000 do. at T cent. discount; $4,000 sixty
days do. at q % cent discount SIS 900 Gold
checks on do. at ~ cent. discount and 5000 do.
at 1 % cent. discount. Quotations now rule at
% cent. discount at bank and l60ll-l6 y cent.
discount out of doors for sight checks on the
Northern cities.
UNCURRENT NOTES AND SECURITIEs-Levee
bonds still tend upward. Louisiana State warrants
and city notes continue firm, and there is more
cheerful feeling in all classes OF stocks ana bonds
The market is not heavily supplied, however, and
most descriptions are now held at prices above
the views of buyers. We annex a statement of
the leading operations to-day, as follows, viz:
$4,000 city treasury notes at 354 II cent. discount,
$4,000 city ten per cents at S74c. ~ dollar,
$40 coo one year do. ct ss4c.. $4,000 Louisiana
State warrants at S2tc., SIS 600 six per cent.
evee bonds at &C.,, SO 600 eight per cent. do: at
s24c. SIS 900 do. at &c., $4,000 do. at S3sc.,
$4,000 do. S5c., $40 000 SIS 900 aud $40 900 do.
at s5tc., 500 900 do. at sec. and l24 shares Union
Bank stock at a price that has been suppressed.
BOARD OF Brownsville following comprise
the sales at board tonight, viz: s24OO Amer
can halves at 1917, 5000 State warrants at s.,
$4,000 do. at s43, $500 city ten per cents at ST.
$500 do. at IS, $50 shares Union Bank, with d..
vidends sellers option sixty days, $50 rs y
share, $40 shares Bank of New Orleans at s37
n share, and 100 do. at $S7 l23 u shsre.
SPECIAL DIsPATCHEs.-Me are indebted to the
Western Union Telegraph Line for copies of the
| following private dispatches received from that
route to-day, viz:
Netp York, Jan. $50 A. M.-Gold opened at
1851 1890 A. M.-Gold 1856. Cotton market dull and
ho
| Midding 29c., Mobile 29lc., Orleans 294c. Ster-
| ling 1905 @llO3. l2M.-Gold 1885,. Colt n market
| dull and nominal. Middling 29c., Mobile 29I:..
| Orleans 293e. Sterling steady. P. M.-Gold
| closed at 1861. Cotton dull and nominal. Sales
| lsC0 bales also, 1000 for April delivery. Mid.
| ding 29c., Mobile 29Ic., Orleans 293c. S,erli g
| steady.
| LlUepool, Jan. IS-1l:l5 A. Motion market
| fat. Estimated sales 10000 UDlands III 3D., Oc.
leans lid. LOO P. Motion market fat. Esti.
| mated sales 10 600 bales. Uplands llsd., Orleans
| lad. P. M.-Cotton market dull; quotations
! nominaly unchanged. Sales 10 600 bales.
HoUre, Jan. 1S-A. M.-C0tton opened qulet.
| Prices unchanged.
| THE RAGS OF COMMERCE 1t is curious fact that
Italy furnishes a large portion of the rags which
enter into the paper stock OF this and other cou1
| tries. Few persons are aware of the quantity OF
rags which such a country supplies. One would
suppose they must be entirely used up, so tenaci
| ously do their owners hold on to them; but even
after they have been finally cast off they are gath
cred together and form nOinsignihcant item in the
| commerce of that sunny land.
During the ten years, commencing with 1916 and
| ending in 1885, the amount Of rags imported into
| the United States, was 209 $50 as pounds, or al
annual average of 20,9sS ST. of which just three
| quarters or an annual average of ii OILS
| pounds were from Italy. Other countries on the
Mediterranean furnish large supply.
| The expectation OF rags has been prohibited IN
| some European countries, as 10 France and Bel
| gium on account Of the scarcity of material fol-
making paper. Nothing has yet been discovered
which will fully answer as substitute for rags
especially for linen for which the finer and firmei
| qualities of paper are manufactured. The ingen
uity Of man has been severely taxed, and il is YET
| at work to find some other material that will taKe
its place. but rags still occupy the throne and the
discovery of perfect substitute seems as far OF
| as ever.
Wooden rags are becoming more important
/ article than formerly. Once they were useC
chiefly for manure. for which purpose they arc
| very valuable, q large demand existing for then
smong the agrculIurists of England but since
wooden fabrics have advanced so much in prci
they have deem extensively worked over, and dur
ing the war have given rise to q term that will no
very soon pass out of memory with the American
| people-ShOddy. The wooden rags are thoroughly
| picked to pieces, and in this state make an ex
tremely short stspled wool which may be used TO
some fabrics, but the cloth into which 1t is woVel
is of comparatively little value.