The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-02
Hen orleans 5ttonfp @arket.
oHssczsr oBIoz. NO. ~ OAuy syxnss,
Friday Evening. May I, 1888 !


Rusiness is daily diminishing in fna ncial depart
nents. The dullness Of summer has fairly set in.
and no material reaction 10 looked for before the
opening Of the fall trade. Currency still accuma-
laies slowly but steadily at bank aud IN the hands
of private capitalists, and as there Is nothing TO
warrant more than q very restricted demand Tor
loans and discounts, the surplus OF dormant capt.
tai is likely 10 Increase rather than diminish as
the season advances. Rates are nomlnaly IN,
changed, however, and we therefore repeat b
cent per annum at bank and lGll u cent. per
month out of doors for short gilt-edged paper,
and lOdl2 y cent per annum for long dated notes,
secured by strictly AL city mortgage.
GOLD AND SILyER-The former has been IN mod.
crate request throughoutthe week, and rates have
on the whole been well kept up, owing to the pre-
yailiDg firmness Of quotations at New YORK. As
the Offering supply was for the most part equal 10
the demand however, the disparity IN prices be-
tween this and the Northern cities has not been so
marked as for sometime past. Silver has UNDER
gone bat little alteration. Offerings have been TOO
light to attract special notice. ana tne Few io.s
At I35l01l364 for American halves and quarters,
and l4z1l434 for Mexican dollars. Operations
to-day comprise the following annexed amounts,
viz: $4,000 and $1,000 Gold at l4O 10 .OOO, sI5,OOO
al l4Ot $1,000 and $4,000 at l404. and $4,000 at
lAO4 Sales Of silver have been confined 10 dri0'
lets. and we now quote Gold at 400 4O4, Amer
icsn Silver coin at l35sGi36, and Mexican dollars
at l42@l43.
chases Of Cotton for foreign account, and conse'
ouent light daily accessions TO the previous re-
stricted supply Of foreign commercial bills, the
market In sterling and Francs during the past
week has shown a marked falling off, as compared
with previous aggregate returns; at the same
time although the demand on the part OF remit
tiers was generally OF but barely moderate char
acter rates on the whole were fairly maintained.
owing 10 the general strugency OF the New York
market. Transactions to-day are confined to the
eubjoined amounts. viz flj00 bank Sterling at
l54j $500 do. at l544 $500 and f2OOO do. at l54;
f45O0 AL commercial at 1853; fl500 do. at 1924 !;
$4,000 bank sight Francs at 3.67tf., and 5000
Sterling 1854; clear bills l5210l53 bill Of lading
bills l5l301l52; bank Francs 3.6540S.673f. and
commercial do. 3.7240370f.
DoMEsTic ExcHANGG-Nothing whatever has
trauspred since the close OF our last weekly sum
mary 70 materially alter the condition Of the Do.
nestle Exchange market. The supply and de-
mand have uniformly ruled as for several weeks
past and quotations have not undergone even
fractional variation at any time. Purchases by
banks and bankers today comprised the annexed
amounts, viz: $1,000, $4,000 and $4,000 New
York commercial sight at l q cent. premium,
$4,000 and $4,000 do. at ole " cent premium,
$1,000, $5O0O &c., 00 500 900. $50 600 and $50 900
do at ~ cent. premium. We still quote 1 81
cent. premium at bank, aud lGl u cent. premium
out OF doors for sight checks on Northern cities.
UNoURREST NoTEs AND SECURITIEs.-The only
variation TO notice under the above heading for
the week ending this evening is slight improve
ment in City Notes. predcated upon some
rumored favorable action Of the city fathers,
which may yet prove problemstical. Louisiana
State and Bank Of Louisiana Notes have been
wholly ignored throughout, and the movement IN
all classes of Securities indicated almost total
suspension of operations In Stocks and Bonds
We append particulars of the trihing sales re-
ported to-day, viz: $1,000 City Notes at 30
az cent discount $4,000 do. at 293. $40 900 at 293
$4,000 at 30, and $500 at 800 u cent. discount.
SPECIAL DIsPATCHEs.-We are indebted Y
the Western Union Telegraph line Tor copies Q
the following private dispatches received Owe
that route to-day. viz: 49,
Ne1o York, May lilo A.M--Gold opened 1898
III A, M-Gold 1891. Cotton-holders ask al
advance; buyers operate with caution; asking 10
middling $780,. Mobile 33Ac., Orleans SAC. Ser
ling l0l@ll0i. IL M.-Gold 1893. Cotton
Gable news caused buyers TO withdraw tror
market-32Sc., $780,, 33Ac.-sellers firm At thes
firures Sterling steady. P. M.-Gold l39.
Cotton market dull prices unchanged; sale
to-day GOO bales; middling 32ac., Mobile $50
Orleans 334c. Sterling steady.
Liverpool, Nay 1-ll:l5 A. Motion dull
sales not given; uplands l2Bd; Orleans l2st
Sales Of the week Sc 600 bales; for export q, OO
for speculation II, 900 bales. Stock on han
526 600 bales, of which 34l 900 are American
Cotton afloat from Bombay for the week endin
April l7th 80, 400 bales. l:20 P. M.-Cotton u
changed; estimated sales 10000 bales. Tot
afioaf 325 900 bales, of which 80 900 are America
s. p. M.-Cotton market quiet. Sales to-da
10000 bales; uplands l23@l2sd., Orleans l2hd.
London, May LIS P. M.-Consols and FIV
tYenties unchanged.