New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-16
9qw Orleans SFOneg Rarket.
0REsoEgr oyEIon, No. 81 oAny srnE


CRESCENT oTFIoE, No 81 CAMP STREET,
Tuesday Evening, May Is, 1896 |
The movement in financial circles to-day has
disclosed an advance of fully lob ID cent. in
ates Of Geld and Foreign Exchange, and gener.
al upward tendency in the principal operations of
the market. Gold opened quiet at previous fig |
ures, but the movement soon improved. At the
close of business it was quoted at l308@l3l. The
total sales for the day have been restricted fol
lows viz 0Oatl3O $4,000 atl3O5; $29 900 at 1901;
$4,000 do at 1901, 1900 do. at do, $ll 600 at
1901 $500 at 1909, $4,000 at 1909. $4,000 at 1885,
and $4,000 Spanish con-rated at l585-at 305,
$ll 600 at 1901 $1,000 at 1909 $4,000 atl3o! $4,000
at 1909 and $3.50 Spanish coin-rated at l5.85-at
1901 10000 Cold, for currency, at 1904 900 at
1905, $4,000 and $4,000 at 1871, and $4,000 at the
same figures. We now quote Gold at l3O30l3l,
against $l30Ggl30b which were the ruling rates on
Monday evening.
FOREIGN EyCHANGE-The movement in Sterling
and Francs since our last has disclosed no i'm
provement whatever. The market was poorly
supplied throughout, while the demand was at
no time much better than nominal, and operations
have been confined to the subjoined actual sales,
viz G45OO and $4,000 at l43, $4,000 at l43t, $4,000
at 49, $4,000 at 1929 $4,000 and $4,000 at AZ, $4,000
at I42I, $500 at 1885, and fl6OO do at 1879 for Bill
of Lading Drafts Sales of Francs included
$50 OOOf at 4OS9f, 47,00Of. at the same, 4O,0OOf.
at 4O5f, 8OOOf at 3.9Of., and 3OOOf at 3.95f. We,
of course, can give no reliable or even approx
mating quotations in the present condition of the
market
DOMESTIC ExoHAEGE-Operations were re-
stricted to a small counter demand at bank for
sight Checks on the Northern cities and to the
Of banke
and bankers, viz: 900 New York sight at J y
cent premium 100000, $40 600, $35 900, 100000,
$50 900 and s65 900 at { u cent. premium. We
still quote New York sight at S@4 u cent. prem
at bank, and 383 u cent. premium in the outdoor
market.
BANK NOTES AND SEcURITIEs-The movement
in the former has been almost wholly suspended
since our last, while operations in the latter have
been heavy as for some days past, and at prices
which indicate steady upward tendency in rates
The following comprises the whole of the actual
operations Of the day, SO far as particulars have
been verified TO our satisfaction, viz $1,000 Lou
siana State Bank at 83c.; $4,000 City Notes at y
cent. discount; 40 shares of Bank Of New Orleans
at lO5 50 do. at 400; 50 do. Canal Bank at 60
and 50 do. at 81 SO, so and $50 do. City Railroad
Co. at COL and g. u and 80 do at prices that have
not TRANSFERRED; 300 do. Opelousas Railroad on pri
waite terms, and $1,000 City Bond to Railroad, viii
interest coupon at 50.
j. New YORK MARkET.-Tle Times of Tuesday
says;
The Bank return shows large addition to tht
loans since last Monday, nearly nine millions
which, on inquiry, we find to have been mad'
chiefly on government stocks. This is about thu
only way in which the heavy banks can employ
their increasing country balances The specie
and deposit lines increase S2,67l $50 and 1854,
72S respectively The legal tender notes ant
notes of circulation are about steady as compared
with the previous report. The market for money
to-day is 4(95 F3 cent on government collateral
and f3 cent. as general rule to the broker
on miscellaneous stock securities. The suppl,
is easier on governments than at the close of las
week.
The latest foreign news by the China at Halifa.
to the 29th ult this morning, was less favorabi
} for United States 5-2O's, and not quite as GOO
for the Cotton trade as by the arrival of the ut
April. As compared however, with the news o
, last week the Cotton interest looks much in
proved, and there is less distrust or uneasines
felt in the result of the Exchange drawn agains
] Cotton in March and April from the South, an
! from this market, now running to maturity 6
Liverpool. The political advices are unsettled
and the German question would seem to hav
4 disturbed the English funds, and, by sympath!
r depressed American aud other securities on til
i London Exchange. The effect of the Halifax tel
. grams in this market to-day was to induce highC
price for gold, an advance in Exchange to 1923
e cent, and small Decline say dl03 f3 cent, in
s 5-2Os of 1862. Buyers Of the latter at the clos
of the day at l0lB, and sellers at l02 u cent. I'll
= other government securities were steady on Il
: 5-2O's of l864-5, and the l040's and very firm
all the 7-5Os. The sales of Gold advanced fro
II l273t0l27B as on Saturday, to l2S(@l2S8 F3 cent
n and bankers bills on London rose to 1898 - cent
d The Washington National Inteligencer, of Mo
Il day, publishes the following item in regard to Il
a Merchants National Bank of that city:
ID The treasury department has appointed a
Of ceiyer to take charge of this concern to-day, WI
will investigate its affairs, and report thereupo
H. IF assets are found in sufficient amounts to just
G. the National Banks of the District to render soT
81 aid in restoring it's business relations, they mig
lg come to the rescue. It is stated that the spec
lg deposits of private citizens will be paid. T
al government will claim prior right to all
lie assets for its own reimbursement, but possbl
K, may respect the claims of special depositors.
he for the rest there are not probably assets to
nd thing like the amount of the deposits of the Unit
lid States discussing officers. The government W
ed take all that it finds, and come upon stockholde
re- for their libties under the twelfth section OF
alKa ,l,, M Ran