Washington telegraph., 1865-08-16
Nsa Orleans Times One


Thursday Ersn,ng, AHgast 3. less. (
The pressure on the general financial market
for money, short and call loans still continues
and is beyond the means Of banks and bankers
to cover or alleviate. The enormous ch-lg-- on
cotton coming to market, such as $40 per bal,.
freight. requires large balances to be retsined
to meet these per.mPtory demands FROM
Montgomery, ALABAMA. the costs of transporta-
tion are from SIC to $50 per bale
The Banks do not pretend TO do any regular
dscounting, the most Of thrm are not i'll condi-
lion TO give any relief TO the fact,rag- cpmmu-
nifty, that is those which pretend to do any busi-
ness These are the Citizens and Canal Banks,
the Bank of America, the Southern Bank and
the First National Bank
The course of Exchange offer. nothing for
extended remarks. Buyers had the call though
tie offerings We're in some respects less than
yesterday. Among the transactions to-day
were sales OF round sums on N-w York, such
as $4,000 and S20,00O ut 2 per cent. and q
discount, with some sales as low US 2t discount
for one days sight down to u discount. We
learn of some negotiations for bills ot lading.
drafts on New York at thirty ana sixty DAYS
sight, rates suppressed, which means low
figures
In Foreign Exchange there were sales Of
Bank Sterling at 1911 aud 1904 A sale Of ff
teen thousand francs at $50 was the only out
side transaction to our knowledge. Checks
New York, which were available yesterday at
II discount, could not be had to-day We quote
this evening
Checks on New York. .--.1jG1s disc't
Sight drafts and days sight.2as!9zl
Five DAYS sight. --2l03
Ten and fifteen days sight. 3413i
Thirty days sight. nominal.
Sixty days sight no sale.
Sterling ut the Bank counters153dl5<
Outside private and Al bills. .147aIA9
Document bills --.-.-. l<5dl46
Francs, at the counter. .....372id370
Outside private 25liG375
We notice some sales of francs at sight a,
3724.
There wrr. several transactions in Gold at
less rate, than yesterday; the market was un-
der bear depression the day through Early
there was one sals $4,000 at I45t. ard smaller
sums at 14S with some dealers offering 147t;
these were followed Ivy sales Of IS 900 at I451;
$40, ,O0O al 1851, SIC O0O. in two lots, at Ii54.
In Silver there were ssles of 81, 900 American
halves a; 1929, and small amounts AZ I4l014I3
We gRots * me rates 4iGl42i, and Geld
Ii7b TO l43I.
There was very little done in the bank note
market. A sale of Union was made Al 62j
cents, thcugh h some dealers quote higher. We
quote:
Bank Of Louisiana. 35 to 371 cts y 3
Louisiana State Bank. .55G56 to 571
Bank of Now Orleans. 57a6o
bdt!k SO'd ~ ana
Crescent City Bank. h5G7l
Merchants Bank.----- 55d SD
City Corporation Asney 19l4 discount.
Cit 1e4s' Bank. Canal Bank, Mechanics and
Traders Bank redeem in legal tender notes
These notes are not rs-issued. The desire il 10
withdraw ali from circulation. The issues of
Bank of America and Southern Bank are paid
in coin. Very faw notes outstanding
Sugar and hotasseS.-The supplies are very
light. There was brisk, speculative demand
this morning, and the sales comprised p hhds
Cuba Sugar, at l3ac for good fair, and I54 for
strictly prime. and I0J hifds Louisiana Sugar
at 10c for low common, I2c for good common,
and l3i 1870 t9 ib for fair to good fair.
Wesfern Produee.-The supplies Of Produce
and Provisions are very light, excepting Corn
and Hay and the usual movement il checked
in consequence. Prices are ruling firm, with
An upward tendency. The sales to-day com
prise 100 bbls fine Flour at 80 S7d, I72 low ex-
ira at 50 -, 100 sacks prime white Corn at
81 Is per bushel, 100 sacks Bran at 81 80 d
100 lbs, and loo sacks Oats at 7ac per bushel.
Yesterday 300 sacks Oats sold at 75c ~ bushel,
an advance yesterday and to-day cf &c is bush
el, owing to scarcity. rttr
Ccfee.-Rio is held firmly at 32c ~ ft. There
have been small sales at that price