New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-07

New York NJ ARKETs-The Commercial Adver- |
tiser Of Saturday evening, the 3Oth ult, says:
There is little to note in Wall street affairs
beyond continuance of the late extreme dizziness
in everything except Gold speculation To-day
has been looked upon as the elimination OF the
bull movement in Gold up to noon, however, the
premium showed hrmness not very indicative OF |
an immediate break down in the market The
best indication of the oVer-sOd condition Of the
market and the extreme scarcity of Gold is in the
fact that this morning loans have been made at
5-l6G6 u cent. ~ day.
Money is rather more in demand chiefly from
operators in Gold who are ready to pay high rates
Of interest. On demand loans there are more
transactions at " cent, but u cent. is still the
prevailing rate.
Discounts are quiet at 50G3 % cent.
Foreign Exchange is nominal. There is some
effort to sell commercial paper, but the demand is
very quiet.
There is still considerable activity in government
securities. a considerable amount of the transaC
tions, however is due to the changing Of old FIVE
twentes for other bonds and seVen-thirties, owing
to the temporary difference of price between the
two classes of securities the consequence of this
movement is a decline of about on fve-tweutes
of 80, aud corresponding advance in those of
later dates and ten-forties. SeVea'thirties are ]
lower.
The News says
The government securities have been very active
during the day, and the market is strong and ad-
vancing. The 7-30 notes sold higher to-day than
ever before. The following is the official notice
edness, to which alusion was made yesterday:
TREASURY DEPARTMENT, |
WASHINGTON, D. o. June 20 1866 !
Notice is hereby given to holders of certificates
OF indebtedness, issued under acts of Congress
approved March l and II, 1862, that the secretary
OF the treasury, in accordance with said acts anC
the tenor OF said certificates, is prepared to re
deem before maturity all certificates Ofindebtednes
falling due after August 81, 1866, with accrued
interest thereon, # presented for redemption on Of
before July To- 1866, and that hereafter such Ger
tGnatpS will he Dajf
on presentation at this department with interes
HUGH MccULLoCH, Secretary
These disbursements of the treasury will pu
adoat about forty-fve millions of currency within
the next twenty days.
FOREIGN MARKETs,--By the Java we have new
to the 10th June, when the discount rate of tn
Bank of England was still 10 ~ cent, GOnsol
closed in the evening at S65@864, fVe-twenties a
6450l65.
The rate of interest in the European cities is a
follows: London 1913; Paris, 4-34 Vienna,
6 Berlin, 80 Frankfort, 10 Amsterdam
6B-G5 Turin, So; Brussels, 6-5: Madrid non
inal Hamburg, o.; St. Petersburg, 53-G3.
n Messrs. Satterthwate's circular reports that i
American securities there has been fair amour
of business during the past week in the Londo
market. and on the whole prices have been we
maintained. United States 5.20s at one tim
touched &c, but from this point there has been
reaction, and the closing quotation is about tn
same as this day week, viz 643 to T. The settlt
ment in course of arrangement to-day has d.
yeOped scarcity of 52O bonds.
The chief feature in the Bank of England retul
is the great increase of FL 202 1884 in the coin
bullion by which the total is raised to Ella SO
The weeks increase exceeds by nearly f2O0,Ot
the amount of gold received by the bank fro
abroad, after allowing for sundry withdrawal
and from this circumstance it is clear that coin
returning to the bank from the internal circul
ton The bank has gained about f400, 900 of d
posits as well as f50l 56S in the shape of repa
ments of advances made by 1t on private secul
ties; and thus, notwithstanding the increase
G285, O5l in the amount of government securiti
held By the bank on its own account, the reser
exhibits the satisfactory increase Of 1859 sc
making the total G3 SIS $50. The nominally "a
tive" circulation has increased ISIS, 425, owing
the large reserves stored up, as measure of pl
caution by country bankers.
The amount of notes in circulation is f25 SO
345 being an increase of E5l3 ABS; and the sto
of bullion in both departments is Ella, 4sl, 8!
showing an increase of FL, 1884 when eompar
with the preceding statement.
The Bank of France return for the week endi
June ID shows the following results as OOmpsr
with the previous account: lncrease-Cash, l
$50 600 francs commercial bills, $4,000 600 fran
advances, 700, 900 francs; treasury balance, l