The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-23
gem Orleans Iuntp @arhft.
CRESCENT orrrcz. NO. % oAnr sfxz.s,
Mondav Fvenin9. March y. 1850.


Monday Evening March y. ls6e. } |
Continued ease is the leading feature OF the |
Money Market. We have no changes OF import |
10 noiice. Gold opened in New York at 1880 this
morning at 1877 against III, the closing rate on
Saturday evening. At II NJ. It stood at Isl and
closed at P. NJ. at the same figure. The follow
ing are the trsnsac tons in city to-day $4,000
at 1919; $40 000 So 600 and $4,000 at 1911 $4,000
at 1917; closing at lslt@l3l2. Nothing reported
in Silver.
ally unchanged. For the actual transactions OF
the day we refer az follows: f4S00 bill iading
sterling at 1402; $1,000 do. at l40b fl5O0 fioOO,
and f2500 clear do. at l4l fl2,O0O A Dill
lading do at l4l3; $1,000 bank sterling at 1854 for
gold 10 600 bank francs at 3.95 so 900 and rs 900
Commercial do. at 400. We quote bank sterling
at l42@ll23 commercial do. at l4lQl4l4, bank
fran CO at 3.96l@3.s5, and commercial do. at 4.OO
@3.9s3.
heading have been very limited to day. Offerings
have been unusually light and the remittance de-
mand has been restricted. We have no change
whatever TO note Ia quotations. The following
conprise the principal sales to day, VIZ: slO0OO
and 500 900 sight on New York at sic prem;
$40 OO0 sis, 900 and $26 600 do. at PREM, and
sis, 600, tl5, 900 and SIS, 600 do. at prem. we
quote bank sight on New York at prem. ana
commercial do. at Hal prem.
UNCuRRENT NoTEs AND SEcURITIEs.-But little
has bee done in this market; there is, however,
no noticeable change In prices, and tne actusi
sales ruled as follows. viz szeOO city treasury
notes at 25a discount, $1,000 metropolitan police
warrants at soc. q dollar; 20 shares Canal Bank
Bo,Rp OF BRoKKRs-The only sales ct the board
tonight were $500 gold at 1915, and $500 do at
| 1871.
| western Union Telegraph Line for copies of the
following private dispatches received from that
ROVE Me,s s0- Ssi March 221o A. x-Gold opened
| at 1914. 1890 A. M.-Gold.l3li. Cotton quiet
and steady. Sterling l0s3@lV9. IL M.-Gold
| 1914. Cotton dull prices unchanged. Sterling
steady. 3P. M.-Gold closed at lSl5; Cotton de-
mand fair prices firm; sales 1000 bales; mid
| ling 2sac.; Mobile 2s3c.; Orleans 2sc. Sterling
Iscepool, March %, l1:l5 A. M.-Cotton mar
ket quiet; estimated sales 5000 bales; uplands
| I'D. Orleans l24d. 1:20P.M.-Cotton demand good.
| Holders are free sellers; estimated sales 10000
| bales: prices UNCHANGED. P. Motion more
active sales to-day 10000; uplands I'D; Or
leans l24d.
NATIONAL DEBrs.-In recent issue Of the Bull
letin we gave our readers q statement OF the pub
lie debts of the various States of the Union. and
fair estimate of the Indebtedness OF the United
States including the claims not yet audited or IN
| cluded in the statements OF the treasury depart
both State and national. it may be interesting to
| INQUIRE how much worse of we are than the rest
| of the world. Misery loves company; and al
though il will not help rs TO pay our own DEBT the
sooner. TO know that every other great nauon Is
| in a similar state Of financial embarrassment, a
comparison of accounts places rs in sympatheuc
From a pamphlet recently published in Ger
many giving the statistics OF the public deots OF
the w. rious nations of the world, some interesting
| facts or figures can be CLEANED. The three great
| European powers of Russia, France and Austria
together with Italy, had public debts IN the yeal
1922 amounting in the aggregate to VI 600 oOO oOV
| which required the payment OF about $50, ,OO'
| per wear in the way OF interest. In thirty -fou
Years the aggregate debts Of the same States were
six times increased. reaching the heure OF 80 ,OOO,
600 in the year 1888, and requiring. for interest
| the annual payment of $500 100000. On the OH
of January, 1851, the national debt of Great Bri
tain was about 81 OBS 600 900; on March 81, 1868
IL was SO, 9s5 600 600, exhibiting reduction 0
$40 900 600. In 1851 the debt of Holland wa
s49l sO7 49, and in 1868 it was 1887 ,Z9I 300, de
crease of sl04 599 S67 Prussia had debt, In 1852
of sl4s 1884 els, which, In 1868. had increased &
1913 AGO 566, including $l3l, $50, GOO for railway
| purposes. Her debt was. consequently aug
mented during that interval OF time sl64 ,ozi AZ
The public debt of France In 1851 was sl,069 .2O0
600 while in 1865 It was 81, 32S 707 AIS, besides
| floating debt of $685. 600 900. The total debt o
the smaller States of Italy, now constituting tn
dominions of Victor Emmanuel. was only ssOO,
| 600 GOO in 1851, while on the 2lst day OF Septem
| her. 1857. the debt of the present kingdom {
Italy stood at 81, 1856, 08l $50. The debt OF Aui
| tria was ssh. 600 600 in 1851. aud In 1861 wa
1852. 66s, 94s. So complicated Is tne cnaIac.e
| Of the national OcDt vi husSio sA"e
| impossible OF classification, and actually so ON
cult of computation that the interestit pays torn
the best index to It's amount. Estimating II, tnel
IN this manner. the interest on the public dept
Russia ip the year 1850 amounted 70 >2i 'STz ,45t
n the wear 1868 to $50 2l3 907. Phere are. in az
dition. bills of credit issued by that government
and forced into circulation by an imperial ukas
, amounting 10 1886, 800. Public credit Is at
| yery low ebb in Russia. an embarrassment whit
| he government is endeavoring TO remedy at Il
present time by the withdrawal Of the treasuI
notes. In comparing these figures with those
| the last treasury statement. It will be seen tn
our country. the United States. IN the amount
her public debt runs far up the list.-[N. Y. Coz
| -n.a;al Qnliafin 18th