New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-21
9sb 0rleans 9uiIp Crestent.
TuEsDAY M0RNINe, pEcEMBER q. 1s5s.
gafn @rleans 9fIontr glarket.

MONDAY Evening, Dec ~. 1888. (
There is very little to say on the general transact
ions of to-day. The weather, in some respects was
unfavorabe, slight showers Of rain falling, with
humid atmosphere, seemed to dampen the ardor for
heavy or large operations. There is an immense
number of wouldbe operators in our market at pre-
sent. There are wouldbe cotton operators would-be
sugar and molasses operators, woudbe Western pro-
duce operators and there are really operators in
paper dealers in stocks and exchange all DESTROYS Of
moving or doing something. The competition is
great, and tends to the general beneficiary Of the
Crescent City,
In paper we did not learn Of any transactions to-
day worthy Of record. Buyers of long dated com
Tnercal securities plenty, and appear to be pre-
pared to take all that are offered at from "a 8 and
10 II cent Whether there is any business now cur
rent which will pay over 3 "a 8 u cent. IL annum in
terest, is question for those deeply concerned to
answer
The Exchange market is however, prominent
topic at this moment. Some Bulls think the rates
must advance-thatis sight funds on NewYork must
60 up to "a y cent. discount and even par. But
they do not tell US how the large quantity of cotton
and the good receipts Of sugar are to be paid. We
only know of about 1000 in coin coming hither at
this time, but what is that to the nine hundred thou
sand bales Of cotton be drawn for with disburse
ments and 20 on 10 make tolerabIa rasnsc+apro an,
plus.
The banks to-day sold checks an New yorl At
discount. The demand for SIGHT funds was foleroba
brisk and though some parties talked of If was not
realized sl000O0 at three IN five DAYS SIGHT ,vas
pIaced at 131G m dsconrt si,t,, dow soI+ IS n
IL to % cent. discount and though goroe double
was held al ii discount We did not 1aar az +lo +.
being Maid In Sterling There ,yara sa1ee or ol.ar
bills at lOs1 IN 1855 and 1Os9 asked ytroroe r,o
Of the market being from 1Oql m 1os9 for clear bi,Is
and lO7I, 1919 los N 1O8l for document hills
Francs scarce and tending inward or the,, arc
held upward Some drawers asking .5.17q m ! %
We quote from 5.25 a 5Is3. As no sales having
been made at the inside figure sufficient 10 cote If
| cannot be called a quotabe figure,
There were some inquiries to-day for bank shares
that is the question was nut what will vou sell
| for?n The transactions resulted in sales of 10
shares of Bank of James obb at 1908 and 81 shares
| Citizens Bank at 5000. We learn that there was a
sale in New York last week of State of Louisiana six
} u cent Bonds at 953, and Sc being asked.
! Our adyices from New York to-day speak as fol
lows Of the Exchange market " Foreign Exchange
again rmer; secondclass bills are not offering and
bankers have advanced their rates. The cotton bills
at New Orleans it is now said have been taken to a
considerable extent to cover imports of coffee at any
rate the market is swept of them, and bankers will
have to remit specie. We quote bills on London at
| sixty days l0g2 a l095 do at sight 1893 a ITO
Paris at sixty DAYS 5lSE a 5I33."
| The weekly statement of the banks Of the CITY of
! New York show a further increase in discounts
though slight yet if we are to believe the accounts
of decline in business in that metropolis, this
weekly expansion has no sound basis. The Bears in
the Stock market are arguing on the apparent critical