The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-10-24
gem Orleans SNuneg Warket.
CRxscxsT OFFICE. No. "a CANT srRErr,
Friday Evening. Oct. %. 1858.

Friday Evening Oct g 1858 )
Nothing has transpired since the close of our
last weekly review to materially alter the condition
Of the Money market. With q steady increase in
general business offerings of short paper have
somewhat augmented, but as the banks are In
condition to absorb all Of this class that is pre-.
scented by regular depositors. the amount that
finds its way the str eets Ia still exceedingly In.
significant. The supply Of Al city mortgage ia
also very light, and the demand for It shows
steady increase. Rates CT all descriptions are,
however, nominally unchanged. and we there.
fore repeat 8 y cent per annum at bank and
lQlI y cent u month out of doors for short gilt
edged paper, and l00l2 y cent. per annum for
lofg dated notes secured by strictly Al city mort
gage.
heading during the past week has exhibited heavy
and rapid variations. Offerings OF cash Gold have
been light throughout and the demand was almost
exclusively for Custom House purposes. Rates
have generally ruled at lGs point above those OF
New York, but operations, nevertheless, disclose
q net decline of 1904 d cent. for the week. Sales
of Silver have been very small at rates ruling
from 2@23 points below Gold for American halves
and quarters, and 4@4A y cent. premium for Mex
icsn dollars. Total operations to-day embrace
the following amounts, viz i: $4,000 Gold at l36,
600 do at 1864, $4,000 aud s65 900 do. at 1851.
We now quote Gold at 354@l35a; American Sill
yer coin l34@l343, and Mexican dollars 1910
l40t.
FOREIGN ExcHASGE-The tendency Of the For
eign Exchange market has been adverse to draw
ers and holders from the opening TO the closing OF
the week ending this evening. Offerings OF CON-
mercsl Sterling and Francs have been generally
fair though at no time heavy, while the demand
has been of a restricted character throughout.
and rates, owing to the downward course OF Gold
and Foreign Bills at New York, have steadily
inclined in favor Of buyers. Transactions to-day
embrace the annexed amounts, viz: $500 bank
Sterling at 1854: $4,000 and $4,000 Al commercial
do at I49 and $4,000 do. at 100 for Gold; FAC 900,
f100 900 and 100000 bank Francs at 1881;
$4,000, ESQ., 900 and fac 600 AL commercial,
flOO 600 private bankers and 100000 CONNER
cial at rs IS; f45, 900 and 100000 do. at 1851;
{ Geo do. at 3.s7, and 100000 f.75 900 and
fl0O GOO do. at 3s73. Quotations are too I'M
settled for reliable figures, and we therefore omit
them.
Domestic ExcHAHaE-Durng the first half OF
the week the movement in Domestic Exchange ex-
hibited considerable improvement in rates; but
towards the close, owing to large offerings with
out corresponding increase In the demand the
market became slightly essers without n however
purchases by banks and bankers to-day embrace
the suhjoined amounts, viz $4,000. $40 600, SIS 600
s25 0OO, $50, 600, and $45 600 New York commercial
sight at y cent. discount; s2o, 600 do. at ! "
cent. discount; SIS 900, 1000, and $50 coo do
at SIG y cent. discount; and SIS 600 do. on Bos-
ten at SIG y cent. discount We now quote |!
discount at bank and {@S discount out of doors
for sight checks on Northern cities.
INCUMBENT NorEs AND SECURITIEs-The all
sorbing subject of interest under the above head
ing during the past week has been the fate OF city
notes. Rumors for q time were rife that inter-
esied parties had so acted on the tender sensible
ties OF the back-and tan convention as to secure
the passage Of the five million swindle, which
was TO be used TO redeem at par in greenbacks
the city shinplasters held by spectators at an
investment of 60 to 65 cents on the dollar paid in
all sorts of trumpery. Thanks to accident or
returning reason, however, the Legislature So
called failed to pass the gigantic fraud over the
governors veto, and some luckless ones have to
deplore that they bought up Sambo's and scala
wsg's votes at too high price, especially where
the purchase money had TO be paid in advance.
May the result be ever the same with unprinci-
pied cormorants, whether of home or foreign ex-
traction. City notes have fuctuated considerably
during the week. City ten per cent. bonds, Lou
isians State warrants and Louisiana new levee
bonds have materially advanced. Louisiana State
notes have been dull and depressed at nominal
figures throughout, and operations in the general
run of Securities have been at time Of sufficient
| magnitude to establish reliable quotations. We
append particulars Of the actual sales effected to.
day as follows: $4,000 city notes at SGT, and
SIS 600 BUYERS option 30 days, st SO o cent. DIS
count $500 aud $1,000 city ten per cent bonds
at 7sc., and . small lot at 7s3c. e dollar.
SPECIAL DIsPATcHBs.-We are indebted to the
Western Union Telegraph Line for copies of the
following private dispatches reserved from that
''J Ne,e YORK. Oct. $40 A. x.-Gold opened q,
1854. 1880 A. M.-God 1855. Cotton market quiet
and steady; middling &c.. Mobile 25lc.. Or,
leans 25Ac. Sterling 109iGll0f. Has A. M:-Gold
| 1884 Cotton market 6rm-prices shade better
not quotably higher; demand moderate. Sterling
steady. 3P.M- Gold closed 1S5. Cotton market
Hrm-holders asking higher raiss; Sales to-day
$500 bales middliDg 25a25lc., Mobile 25ac., Or
| No cable advices to-day. Land lines working
| hsdiv.