New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-28
agm @rlesns SflOnep SELarAet.


N0nsAy Evening. August p. 1855
! The movement in financial circles today has
disclosed further slight decline in rates of Gold
and triding Improvement inrates Of boIhForelgn
4 and Domestic Exchange. The Gold market
opened very feebly, and despite the receipt Of
| New York kilograms announcing a moderate but
steady Improvement, rates further fell off f3
cent. The marketwas fairly supplied throughout
but the demand was at no time much better than
nominal, and sales were restricted to the follow
ing triiing amounts, viz $4,000 small Gold in the
morning, at l44I; $4,000, $4,000, $4,000 and
$4,000, large Gold, at IA; $4,000 at 1881; and
$1,000 1000 and SO 900 at 1899. Sales of Silver
have been restricted to $500 American halves and
quarters at 1872 and $1,000 American halves at 1888.
We now quote Gold at l4336l44. American Sill
yer at l320l3S, and Mexican dollars at 1456Rl46.
FOREIGN ENoHANGE-The scarcity OF Domestic
Exchange noticeable in the market to-day, has
tended to impart increased firmness to foreign
bills, as the latter had to be used as checking
basis on the part of the banks for the former The
market was fairly supplied throughout, owing to
recent heavy shipments OF cotton to Europe, and
the demand on the part of the banks indicated a
very general improvement. The following state
ment includes the whole of Interpretations for the
do. at Isl: $1,000 at 1873; $1,000, $4,000 and $500
1923; and $1,000, sold by bank, at 1856 Sales of
francs have been of too insignificant character
to receive special notice, and We now quote the
ruling rates as follows, viz: Bank Sterling
155@l56, clear bills 1510l53, bank francs 5000
t-S623, and outdoor francs 3.700S.65f
DOMESTIC ExCHANGR-The United States officials
at this point having had to transmit half million
of currency, or its equivalent TO the seat of gov
eminent to-day, there has been a considerable
stir among banks and bankers TO afford such ia
eities as that class of financers are ever willing
TO offer at fair consideration. Two of the banks,
however, supplied the checks needed for the
transfer, but this reduced the margin for less
favored competition, and the latter, as a precau-
tious measure, advanced the rate for sight checks
on New York to par@s u cent. discount. Two
or three Of the others continued to check at 53
cent discount, however, but the demand on the
part Of general renitters was of very restricted
character throughout. The purchases have been
in the following orders 50000 $50 900, $4,000,
500 900, $780, goo and 500 900 at q cent discount
for bank sight $780, 600 do. at f8 cent discount,
$4,000 do at BIG y cent discount 100000 in tw
lots, at 5-l6 q cent. discount $4,000 at ID cent
discount, s25 900 New York and $4,000 Boston at
u cent. discount. A $4,000 New York check
at u cent. premium on gold, and SIS 900 Is days
New York sight at p cent. discount. The quo
tations at the close of business this evening were
par@5 and J % cent. discount at bank, and 4@2
u cent. discount on the street. for sight checks on
the Northern cities.
UNGURREHT NOTES AND SECURITIEs-There has
been nothing doing in the former to-day, and oper
atoms in the latter has been restricted to some
trifing lots Of City Railroad and Louisiana State
Bank stock on private terms.
BOARD OF BRoKERs.-There was session of
the board to-day, which resulted in sale of so
shares Crescent City Bank stock at al; $1,000
oPelousas railroad, first mortgage construction
bonds, with coupons attached at "a, and $1,000
in Gold at I4455. --..
SPECIAL DIsPATcHEs.-We are again under OBJ
legations to some of our commercial friends for
the following private kilograms, received to-day,
viz:
New York, Aug 27.-Gold opened at 14633; Cot
ton nominally unohanged quotation, 33@S5c.
IL A. a.-Gold l47t Cotton quiet; Sterling rules
at l072@lO83 for sight bills, and at 105@1O6 for
commercial bills l2'M.-Gold 1879; Cotton I'M
changed, 3333353. lP.M.-Gold l4TE; Cotton
firm at 5S3@36; Sterling lOG5. 81 P. M.-Gold
l47}; Cotton &c.,, and firm; U. s. 5-2O's of 1862,
ll92; do. of 1864, 1901; do. of 1866, 100; q. S.
1905, 10Y.
INTERNAL REVENUE sTAArPs-A st. Louis paper
says:
We are glad of permission to publish the follow.
ing correspondence, which explains itself and will
be found OF interest to the business community
OFFICE ST.. LOUIS INSURANCE COMPANY
ST. Louis, June T. 1866.
To 1nrtrn aroFTr