New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-18
aew Orleans Sfl0nep SflarAet.
UREscENr oFFicE, NO. Vi CAHP STxRE5,
Friday Fvaning Aufrust IL ls66

The.Gold market opened with an advancing ten
ieney this morning, owing to the high rate re-
ported at the close of business at New York yes
serday. But few sales had transpired, however
when this days quotations from the latter city
game pouring in and disclosed reaction which
was evidently in favor Of buyers throughout, but
more especially in the closing dispatch, the rate
at4r. NJ. being 1903 against 1874 at the same hour
yesterday. Rates here of course receded from
the starting figures there though not to the extent
eoF the falling off in the North, and,
with very moderate supply and limited
demand, the operations for the day have been
restricted TO the following amounts, viz: $4,000
inire lots during the morning at $50, $4,000 s5O0O
sI0, 900, $4,000 and 900 at l49E, $4,000 and
$1,000 at 149R, $1,000 at 14s, $4,000, $4,000 and
$i2 900 at l4s3, and some smaller lots at irregular
fgures Sales Of Silver included $500 American
halves at I3s, $500 do. at 40, and $500 Mexican
Dollars at 1911. We now quote Gold at 14s4O
l493 and Silver at 13s@l40 for American coin,
and l5l@l52 for Mexican Dollars.
FoRRIGN EXCHANGE There is no alteration
whatever to refer to in the movement in Sterling
bills but the operations in Francs have disclosed
increased activity to-day, without however, ex-
knitting any quotable variation in rates. The sales
comprise 8400 and $4,000 at 1856 for Clear Bills and
$500 do. at 156, Also, 10000 private Francs at
1885, 100000 and 100000 do. at 1850, and
100000 and f.I2O, 900 Commercial do. at f.S.623
Quotations still rule as follows viz Bank Sterling,
16p@l62; Clear Bills, 154@156; Bank Francs,
s.52Af. @Sg50f., and outdoor Francs $685.
s.s73f
DOMESTIC EXCHANGE There has been consider
able weakness noticeable in Domestic Exchange
to-day, and rates have slightly fallen Of both at
bank aud upon the street. Offerings Of CONNER
cial exhibited no marked variation at any time
but the demand for remittance purposes disclosed
~, -
. ninness dUssesnisuV' lhe purchases ny panhs
and bankers included only the following, viz
$4,000, s25,000 $4,000, $4,000 ard 500, 900
New York sight st S9 cent. discount. ses GOO. a
s8Ja. II 4,,t .l.a s1s-,-,l 51e,.. -,
'.-iAea ios u sislis--tiires uays anu hse uays
ght, at q cent discount, and Sl4,000 do at "
y mt discount; $4,000 five days at /, $s5 900
roc dave IL and sls ono thirty da,,s si,,I+ IL
$50 s.. M -. ~ = :
1Fnt. uis0Vuhs. ~ ptesent FnnhS Fales
IKE 59@4 " cent. discount at bank and s(0a
cent discount out-of-dOors for sight checks
,1to Northarn 3c;tias
- 49, ~
SaeohtShNH Noths AMI oEOei1iIAAs--Ah e my c
rr2eat in the former to-day has been restricted to
~ ne lots Of u s. 7430's at l04 and interest,
...s7, y-as tba rate naid vaetardax ana nj +be
3Fes Wlnch tne ype represented tlls morning
erations in the latter included 40 shares Ores
rs City Bank stock at II and so do. Union Bank
AeAap or bhoKBRss = Irahsacuons at the
5frs' Board still continue but little better than
iaal, and the sales to-day have been confined to
"a shares Leuisans state Bank stock nj %
5Isrchants' Marine Insurance Scrip Of is66.. SIX
Gold..-. ial49h
"a BANK OF EEGLAND-Loud Calls for Lo1oer
Sss Of Discount. The New York Express re-
FiTs Ii folIows
y a. .o-io"e
III II Sss oppressed 10 IeTcan
MT eass ~ Tae4 w Java leit AZ me
~ a;sc 1le panh OF directors 10
Alta Of The Bank Of France i no Ter tbo ,l' u
can+ and ots,5e MI = ~ tor9 tan q
~, 90 tI ~ ans ~ she DAnh u
~ eosI ma mn IN tsate ~ E9naoh ltsel
MT n,,ts tha avis ~ tbe nrasant NY onuoa
Z. .tirs yery clearly y
~ ~ M $500, aaee y noM, ne sa{si both
.pl.ons 9eSa1se \! y mtllnates lnst me BANK
a since none Of tbesa Wopd SnT Tesort y er
9Ag 10 per cent. instead Of 6ad; and i is unjust
1eeaase mere aFe enormous transactions at all
zines opsn peeWseh ourselves ana Foreigners as
ntarest i re9nisssd M IA n m.en .e
~ X = ~ pio agreelneht
-7ieSotalue 70 tls pailh rate lot inc nme belngl
ana many lndlVlauals are mus compelled To- pay y
W psr eeis aDOse any .gIs ,aat oould nave
I,sF r. ms S p'''Su "-i0n 'n0s inaue 'nen
H. y augBesteu ~ oeaer autnorlles that If the
oank were 70 place lts minimum at per cent,
~ laoney lug p4s oas soula' tnr9ugh me nttng
channels o. private capitalists, lind Its way at the
higher rates into the secondary hands from whom
Hnch rates might be required There is no dimi-
naaOh o. the resources 81 the Dank. As, how
ever, mere are seeeral classes OF blls IN which
those resources might be employed, it seems
somewhat extraordinary that the bank should
porslsseh " sake tne worst, even though It may
outside. ~ n S9n'' = e10ess u tne rate
IFrom the Liverpool TimeHI
The anomalous state Of our monetarv system q
paipably exhibited at the present time Ihen tbe
Tate of discount In Paris bv the Rant ~ Franco
was four per cent. during The whole nar;nd ri
fhe crisis ia this country and IA now reduced tn
three and a-haIf per cent while fhe diractnrs II
the Bank Of England evidently thouoht that thev
did great thing ON Thureaay last he Tadrcin M
bank Ea,e from ten Ser Cent. II which n has
ssteod for several mOnthB 10 nina and a.balf mar
cent. The management Of Che great asfabliiah.
meat in Threadneede street, for a length ~ time
past has raised the question how far 4 national
banking company is justified in having
committed TO duties which are nhvi.
-oHay conflicting and contradictory - the
Regulation, on the one hand Of the English money
laaxhes anu on ahe other, the making Of the
greatest amount Of profit for each individual
eaeetof IA nls private capacity. We wish Mr.
s.Asastone haa neen IN ONCE when q deputatior
aaoaN AsNsAad VI she great t0EnR waited the Other
gay, on the chancellor OF the exchequer, relative
~ IN. "os IN. q We bank charter His success
ff h