The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-18
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Friday Evening July II. 1853 !
The past week has disclosed il anything still
greater apathy in loans ard discounts. There
was no evidence whatever Of any falling off in the
supply Of currency or of AN indspositon to in
vest in choice paper, but the demands for &C
comm odaton have been unusually light, and the
prospect of any material improvement Is daily
becoming less encouraging to all classes OF capt.
talists. Rates still nomiasly unchanged,
however, and we would again repeat as the ruling
figures per cent. per annum at bank aud l0lt
per cent. per month out of doors for short gilt
edged notes, and l00l2 per cent. per annum FOR
long dated notes secured by strictly Al city mort
gage.
week under the Gold heading has been almost ex-
clusively confined to purchases for the payment
of duties, operations have been of limited
character throughout. Rates have f1ctuated
considerably, however, but on the whole have
disclosed increased irmness, owing To the mate.
rally enhanced figures which have for the most
part ruled at New York. eilver has been mac
tive from the opening to the close of the week for
want of ample supplies, and the trihng lots
thrown upon the market have found ready buyers
at 314 points below gold rates Tor American
halves and quarters and 36l4 u cent. premium on
gold rates for Mexican dollars. Operations to-
day have been confined TO the followin amounts,
81 still higher rates, viz: $4,000 gold at l42t
$1,000 and $4,000 do. at 1874; $1,000 and $1,000 do.
AZ IA2a: $40 600 do at l42k; SO 900 do. at 1929.
Sales Of Silver have been confined to dribets, and
we now quote Gold l424Gl424, American Silver
Coin l36lal364, and Mexican Dollars l460l463.
FOREIGN ExCHANGB-Rates OF Sterl9S ana
Francs have steadily inclined is favor of drawers
and holders from the opening to the close OF the
week Owing to the striagepcy of quotations OF
Gold and Foreign Bills atNew York, offerings or
Commercial have been OF very restricted caar'
acter throughout, and the remittance demand mas
been az no time better than moderate even for this
advanced period of the business season. Trans
actions to-day have been heavier than for some
time past, while rates, owing to the steady ad
- old 1foaln 81. furthar n Nj I'd
tendency. Operations embrace f20OO Bank Ster-
ling at l56, $1,000 f5000 and fl0, 600 Al CONNER
cial do at ISL. 50,0U0f. Bank Francs at 3.513f.,
3OOOOf bankers do. at 95slf., 25,0OOf. Al Com
mercia do. at 60f., and 10 0O0f and lis, O00f do
at 3.62Bf. We now quote Bank Sterling l57t0l5s,
Clear Bills l56A@l57. Bill of Lading Bills l55s0
1856, Bank Francs 357af., and Commercial do.
3.625@360f.
DOMESTIC Observation-Disclosures under the
above heading indicate a light inquiry on the part
of remitters, with further triding enhancement
of rates during the past week. The supply OF
commercial sight and short sight, which was
nearly exhausted at the opening, has been but
little augmented at any time by purchases OF Cot.
ton for the North and East, while banks and
bankers, as is not unusual under such clrcum.
stances, have therefore been enabled to exact
their own terms. Purchases by banks and bank
ers to-day comprise only the annexed amounts,
viz: $40 600 sight on Boston at par, Sl2 600 New
York commercial sight at " cent premium, and
$4,000 do. at % cent. premium. We still quote
AZ cent premium at bank and t04 D cent
premium out OF doors Tor sight checks on tne
Northern cities.
UNCuRRENT NoTEs AND SECURITIEs-The move
ment in City and State Notes during the past
week has disclosed considerable fuctuation
There has been unusual bulling and bearing 10
them throughout for this market, although nc
cause beyond some vague rumOr could have
been assigned for any change that transplred
from the opening to the close of the week. The
Legislature and Common Council, It is true, have
haa tam n HnAnC1Q
questions, which may ultimately affect the value
Of our despised shinplasters, but nothing of .
tangible character has yet resulted from then
labors and but little amelioration is looked fol
from either by a majority Of the parties most in
terested. Bank of Louisiana Notes have beer
wholly overlooked throughout the week, an(
operations in Stocks and Bonds have been re
stricted to some triaing sales at full prices of
few favorite securities. We append particular
of the transactions reported to-day, as follows
viz: $1,000 City Notes at SO; $4,000 do. at 3S4
$4,000, $4,000 and $40 900 do at 3S2, and slOO 90
do. at 3Sb " cent. discount; l2O shares Citizens
Bank Stock sold on private terms. and AZ share
City Railroad Company Stock at sl62 so b share
bPBOIAL DIsPArCHBs.-We are indebted Il
the Western Union Telegraph line for copies o
the following private dispatches received fror
that route to-day, viz:
Ne,o York, July lilo A. M.-Gold opened a
1871. 1890 A. M.-COtton market dull, tendin
downward; middling 3l4@3 &c, Mobile 32e., Or
leans sac. Sterling ll0S@llOl. Gold l42}. i
N.-GOld l43t. Cotton market quiet but steady
middling 3l3c., Mobile 32c., Orleans 324c. P
M-GOid I43t Cotton-demsnd active price
tending upward. Middling 3l5G32e., Mobile &c
Orleans 32Ic. Sterling steady.
49, LirespO0l JUN Hills A.. M.-COtton quiet
Estimated sales 5000 bales. Upllnds ID, Or
leans lid. Sales of the week AZ 900 bales; fo
export 5000; for speculation 1000. Stock o
hand $50 600 bales, of which 1924 600 bales ar
American. l:20 P. M-COtton-Uplands llG
I'D, Orleans l13d. $3.50 P. M-Cotton msrke
easier: quotations unchanged. Cotton af1Oa