The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-22
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The volume Of Currency. has been further
heavily augmented duriDg the past week
by remttaDces from the Interior aud large
daily sales Of Cotton. The banks and pr.
Fsie capitalists have been anxious throughout Il
a5hyest 70 good paper, and the former purchased
both Foreign and Domestic Exchange 10 very
liberal extent The demand on the part of bor-
Iovers aud drawers Of Exchange has been at no
time equal TO The offering supply Of money, how
creased surplusses Of thestter both ia and out Of
bank. ~'s' ~ ft-r q 1870 ~ = =
GoLp AND sr1vER-- The Gold market has exhibj.
ted greater steadness during the week ending this
evening than for sometime previous The demand
end supply appeared 10 be moderate throughout,
and the daily operations have been fair though Al
no time heavy or excessive from the opening OF the
week AZ the usual average reduction on New York
Ietes. Silver has been inactive throughout. or
fetings have been Of q very restricted character
all round, ard the few lots thrown upon the mar
ket have readily sid at about 10 points below
gold quotations.. To-day the sales included the
appended amounts, viz $ll 600 in the morning,
1884 $4,000 and $40 600 at l3es $4,000, s7O0G and
SIS COO at l39t0l3s2 and sl2 600 and SIS 600 at
1898. The sales Of Silver to-day included $1,000
American Halves at 1872, and 1900 Mexican 0o'-
American Silver Halves l32DlSs and exisan
Dollars ct 1zz11f3.
FoREIGs ExcHANGE-Wifh large daily offerings
and generally active demand. operations during
very utNfV
round at firm and advancing prices. Towards the
close, however, the inquiry has exhibited m arked
abatement. and rates have disclosed a steady de-
crease. The announcement OF materal advance
in rates Of Sterling and Gold at New York this
evening has considerably strengthened the mar
ket, however, and The latest Gales effected TO day
disclose a very marked reaction. We suhjoin
particulars Of the days operations, as follows,
viz fl4cO bank Sterling at l09g for Gold; fl2oO
commercial sight at 1873; f5000 bank at 1884;
$500 do. at 1891; f6000 do. At 1884; fl000 do at
1853; 100000 do at l521l524; f2500 bill Of lading
do. at 1914; f2oO0 do l5l{ f55 000f bank Francs
at 367t; 25000f. 80 000f and 40 0c0f do at 7Of,
and 0o0of and IL 000f commercial do. at 3.72tf.
The ruling figures this evening are l540l55 for
bank Sterling; l52AQl 1884 for clear bills; l5l41l52i
for bill OF isding bills 3.68303.67A for bank
Francs. and 3.72s03 70f. for commercial Ffancr.
DOMESTIC ExcHAsGE-TbeIe has be en- no
marked variation noticeable at any time under TIE
above heading since the date Of our last weekly
summary. The market has been but moderately
supplied at best, and the demand has been at no
time heavy or general. Rates have ruled uni.
fornly at the figures in our quotations below, and
there has not been more than fractional varia.
ton noticeable from the opening to the close OF
the week. The annexed statement includes all Of
the principal sales to-day, viz SIS, 00O s25 OcO
and sl00. 600 bank New York sight and s25 900
Boston 90. at ~ cent. discount: s23, 600 S25 600
s6z 600 and slOO 09o bankers do. at ILLS y cent
discount; as, 900 commercial do. at 1l-l6ai n
cent discount, and s45 900 do. at u cent dis.
-
bank, and t0s y cent. discount out Of doors for
sight checks on the Northern cities.
UHcURREHT N0TEs AID SEcURIrIEs-The move
meDt in the former has disclosed considerable Ian
guor during the PAST week, and the tendency OF
prices has been in favor of buyers throughout.
Rates Of small City Notes have for the most part
ruled a. sac " cent. discount. those of large at
12GlS II cent. discount, and Louisiana State Notes
2e@29 y cent. discount. Operations in Securitie
have been Of very restricted character through
out and prices have exhibited but little il any
improvement even on the fayorite classes. The
actual sales to-day included only the following
amounts, viz $4,000 small city issues at y cent
discount. $1,000 do. at 81 u cent discount, $4,000
and 81, 200 DO. at 50 q cent. Discount,
$1,000 do. at u cent. discount, $1,000 large
cent. discount, and tl000 Louisiana state Noses at
29s ~ cent discount. The sales OF Securities to-
day comprised 60 shares Crescent Cit5-Rai!rosd
Stock at III, &C DO. Mechanics and Traders Bank
at t9a. and lvS shares bankof New Orleans at 2sl.
!. srEcIxL pIsrArcHEs.-we are Indebted 20
the Western Union Telegraph line for copies OF
the following private dispatches received over
that routs to-day. viz: sf
Keso York. FED 2l-l0 A. N.-Gold opened al
lloi. MISUNDERSTANDING. Cotton-market dull.
Waiting for cable. llA.M.--Go dl40l. Cotton de-
mond fair low middling % lc. middling &C.. good
middling 25lc., Orleans 24lc, Mobile 24I62ilc. !
Sterling steady. Time not stated-God l4l4. Re-
ported that the president has removed Stanton.
IL M-Gold l4Qa. Cottou-demand moderate.
Prices firm. Sterling ll0@ll02. 3 M-Gold /
1Ak Cotton-market quiet and weak Sales
to-day 1900 bsles. Low middling 2slc.; middIing
24c.; Mobile 244@2t1c.; Orleans 242c.; good mid.
dlinRs 253c. Sterling steady. II
LiUerp0ol, FEB. 2l-l:20 P. n.-Cotton market
frmer. To arrive easier. Cotton afoat 27S 900
bales, OF which li0O 600 bales are American. s p
r.-Cotton market active. Sales to-day 10000
bales. Uplancs lOtd.; Orleans l0sd.; uplands to
arrive sid. 4tgllr 1pfE II