The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-11-21
Eha Sem Orleans Grsstsn',
SATURDAY MORNING. NOVEMBER 81, 1855
,gem Orleans iMunep Vtarhet.
CRzscEsr OrrrcE. No. ~ Csxr srxxrr
Friday Eyeziug, Nov. %. 1906

Friday Eveziug. Nov %. 1895
There is nothing in the general condition OF
the money market that calls for special remark.
With heavy daily sales of our two leading staples,
cotton and sugar, the supply of currency is con-
stantly kept in excess of the rapidly diminishing
wants of the community, while the demands for
short space choice business paper and long dated
city mortgage notes disclose corresponding ia
crease. Rates are still nominally unchanged,
however, and we therefore continue 10 quote as
follows, viz: per cent. per ennum at bank and
l@l4 % cent. per month out of doors for short
gilt edged pager, and iO0l2 per cent. per annum
for long dated notes, secured by strictly city
mortgage.
GoLD AND SILvER-The most prominent feature
of the movement in the specie market has been
the rapid and at times heavy fluctuations in the
rates of gold. Offerings of the latter have been
far, but the frequent variations at New FORK have
caused considerable timidity on the part of buy
ers, and but little has been done on speculation
during the week. In Silver, transactions have
been small and rates irregular, ranging from go
points below gold for American halves and quar-
tiers, and 24l3A q cent. premium on gold for
Mexican dollars. TRANSACTIONS to day comprise
SIC, 600 and SIS 900 gold at lS4s, $4,000 do. at
l34i $4,000, 5000, $40, 900 and s45 coo do. at
l345; $4,000, $4,000 and SIS 600 do. at 1876, and
silver insIuds s7so Amerfcan halves az Isst and
$500 do. at 1884. We now quote Gold l350l354;
American Silver coin l33a0l34, and Mexican
dollars l3S@l3S9.
FOREIGN ExcHANGE-The movement under this
heading has been marked by rapid and extensive
alterations. Offerings OF commercial Sterling and
Francs have been large, and at times transactions
were very heavy, but on account OF the unsettled
condition Of the Gold market there was general
disrust in rates being maintained. Transactions
to-day comprise the annexed amounts. viz $500
bank Sterling at 1859; $4,000 do. at l46l $4,000
private do. and f300O AL commercial do at 146 I;
f5OOO do at l452; fl000, $1,000 and $4,000 do. at
l455; $1,000 and fI600 do. at las $4,000 do. at
l44I f2OOO do. bill lading bill at l44l; CISCO do.
at l444; fl200 do, at l44l; l0O,OO0f, lOO,0OOf.
private bankers francs at 800; lOOOOO, zoo OOOf.
and 500 900 AL commercial do. at SOL OO,OOOf.
| and l00,o90f. do. at 1924. We now quote bank
| Sterling l4649li63; commercial do. at l4440
| AS bank francs 3.ss293.S73, and commercial
| do. at 3.9l 1880.
DOMESTIC ExoH ANGE-The only alteration notice.
| able in the movement of Domestic Exchange dur
ing the past week has been steady decline IN
rates. Offerings Of commercial sight and short
sight have been ample, but there has been no I'M
| provement at any time noticeable 10 the demand
tor remittance purposes. Rates as compared with
| those of last week show net reduction OF 49g q
cent. Total purchases to-day by banks and bank.
| comprise the annexed amounts, viz: 500 900
| New York Bank sight at 3l6@4 q cent. discount,
SO Geo $50 600 aud $50, 0O0 DO. at 4 cent. dis
count and s25 ,000 and $50 600 do. at 7l6 b cent
discount. We now quote 3-l604 q cent discount
at bank and sD5-l6 u cent. discount out Of doors
| foI sight checks on northern cities.
UNCURRENT NoTEs AND STANDARDIZATION
1 under the above, but especially the latter head
ing, have exhibited some impr Ivement during the
| past week, owing principally TO the heavy accu-
| mutation of currency, arising from increasing
sales of cotton, sugar, molasses, etc. Business IN
| this department has not, as yet. been fairly re-
| sumed however, bu. according to the present in
| dicauons we may reasonably look for steady
| augmentation of sales in the future. Prices Of
| most securities also tending upward, anc
should no better investment be brought forward
rates of all favOrite descriptions ought hereafter
to show steady advance. The actual operation:
10 day included the appended amounts, viz $l50(
| City Notes at 36l. $4,000 do. ct 363 and $1,000 do
at Sc . cent. discount, $1,000 and $4,000 City II
II cent bonds at 7lc., and 5000 and $40, 900 do q
| az 81 cent. discount, and $1,000 Louisiana STATE
Warrants ct &C., and 1000 do. at 63965c. Z
dollar. leo shares Canal Bank stock at =; 81
shares St. Charles Hotel stock at S. 90; los shares
| Crescent City Bank at s2l so. and Is do. Bank o.
| New Orleans stock at $35 Is - share.
| SPECIAL DIsPATcHEs-We are indebted to th,
Western Union Telegraph Line for copies of thu
following private dispatches received from tina
Neuo YORK, Aou. zO-1o A. n.-Gold open
| l343. ll:30 A. M.-Gold 1914. Cotton marke
quiet and steady. Sterling lO92@ll0. P. NJ
Gold closed at l34i. Cotton demand active at full
| prices. Sales $500 bales middling 243c.; Mobile
24lc.; Orleans Csc. Sterling lO9A@llsl.
| Liverpool, NOU. 20-ll:l5 A. Motion firm
Estimated sales to-day Il. 900 bales uplsnds l02d.
Orleans lid. Sales of the week $4,000 bales
Exports S000-to spectators 5000. Stock OF
hand $50 600, of which 40 900 are American. LIZ
P. M.-Cotton market 6rm-prices unchanged
Estimated sales 1900 bales. Sales Of the wee
AZ OOO instead of 80 000 stated in previous tel
egrsm. Stock ahost 3l2 600, of which SO 90
bales are American. 5P.M.-Cotton market firm
prices shade better, though not quotsbly higher
Sales IL 600 bales.
London, Nou. 20.-5 P. M.-Consols 9il Bond
unchanged.
HARE, Nor. 20-A. Motion quiet but steady
Tres ordinaire l.34. Noon-Cotton market quiet
Low middling afoat La. Evening-Cotton quie
and steady. Tres ordinaire l.3i.