The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-27
AsR 9rIsans giOnsp sstarhel.
O1sJkEr OsTi0s, 40. u UAar sYxrrx.
Friday Evening. June rs IaSa

Fnday Evening June 26 lsss
Bonotony has been the leading feature of the
money market since the date of our last review ".
Friday evening. the 18th inst. Currency has
been abundant throughout, while the amou IT of
business paper maturing and consequent pay
ments into bank have been very light, and tue
demands for accommodation have disclosed, IL
eny thing, still further falling of all around.
Rates Uf discount and interest still remain nomi.
Dally unchanged however; and we have, there
fore, TO repeat previous figures merely for refer
ence, viz: ~ cent. T] annum at bank and la !
s. cent. u month out OF doors for short gilt
edged paper, and lOGl2 u cent. % annum for
loDg-dsted notes secured by strictly AL city
mortgage.
COLD AND SILvER-The movement ia gold has
been Of a very restricted character throughout
the past week. There has been scarcely any
speculative demand at any time noticeable. The
inquiry on the part of transmiters to the Interior
has been very light aud purchases, from day to
day, for the payment of duties have been reduced
to the usual summer standard Rates have Ike Of
well up, however, owing to the stringeuey of the
New " ok market. Silver has been 10 moderate
demand and supply throughout at rates ranging
from 3@4 points below gold quotations for Amer
Jean halves and quarters. and 205 ~ cent. pre-
MUM gold for Mexican dollars Operations
to-day are confined TO the following amounts, viz:
$1,000 and $4,000 Cold at 1884, $1,000 $40 900,
$40 600 and $50 600 do. at 1898. Sales of Silver
comprise only $500 American halves at 1854, and
we still quote Gold at l394@l4O, American halves
at l36461l36 and Mexican dollars at l440l4i4.
FoKkIGE ExCHANGE-The oally operations in
Sterling and Francs have disclosed a steady falling
of since the date of our las, ular summary. With
very limited purchases Of Cotton for the foreign
market the supply of commercial bills has been
but slightly augmented at any time, while the re-.
mittaDce demand has exhibited a steady abate-
ment all round. No change has transpred 10 rates.
however as the high ruling figures for Gold and
foreign bills at New York enabled drawers and
sellers generally TO obtain previous prices. Trans
actions to-day are embraced in the appended
amounts, viz $500 private bankers Sterling at
l54. We still quote bank Serling l55,
clear bills l54@l543 bill of lading bills l530l53A,
bank Francs S6la@3.65, and commercial do.
36sl@3.674.
DOMESTIC ExcHANGE-Nothing has transpirsd
during the past week 10 materially alter the con.
dtion of the domestic exchange market. Com.
ecial offerings have been restricted throughout,
while the inquiry on the part of remitters has
been at no time active or general. and quotations
have ruled at previous figures from the opening
to the close of the week. Purchases by banks
and bankers to-day comprise only the supjoIned
amounts, viz SIS 900 New York commercial sight
al par; 5000 do. at lie n cent. premium and
SO, 900 ght on Boston at ~ cent. premium.
We still quote % cent. premium at bank. and
par TO ] premium out OF doors for sight checks
on Northern cities.
UKcURRENT NoTEs AND SEcURITTEs.-The prin-
cipsl alteration IN uneurrent notes during the
week ending this evening has been heavy ad.
vance in rates ofLousiana State, predeated upon
a runner that Gen. Buchanan will re send bis order
for the collection of state taxes 10 United States
currency. so soon as a sufficient amount shall
have been received by the treasurer TO meet
the ordinary demands of the government. City
notes have been generally inactive at slightly
varying rates and Bank of Louisiana notes have
been wholly neglected throughout. The move
ment 10 Stocks and bonds has been somewhat
larger than heretofore. Louisiana State bank
has sold freely at advance of l01l2 n
cent, owing TO recent decision of the S1.
preme Court in favor of the Bank. Some
1872 bonds of the State of Louisiana were sold at
auction at 1870, $3.50 and $4l5 respectively, for
$1,000 bonds, having twenty years to run from
1866, and drawing ~ cent. interest This GER
tsiDly does not indicate increasing confidence ia
the securities Of the Pelican State. Operations
in stocks have exhibited some Improvement in
Jackson Railroad, Union Bank and some others,
however, and the New Orleans Gas Light Com
psny has declared a semi annual dividend, pay.
able on the lstprox. Transactions to-day included
$1,000 city notes at 364 ~ cent discount; levee
bonds at 45a 20 dollar; $4,000 Louisiana State
notes at Sc; $500 do. at 65 (; $1,000 do. at 664;
$4,000 do. at 81, and $4,000 do. at 67A y dollar.
SPECIAL DlsPArcHBs.-We indebted to
the Weston Union Telegraph line for copies of
the following private dispatches received over
that route today, viz:
Neto York, June 26-l0 A. NJ Gold. opens
140f l0:45 A. M.-God lao. Cotton-Demsnd
fair prices advanced. Middng 3lc., Mobile 3l4e.,
Orleans 3l3c. Sterling l04@l0i. IL M.-Gold
14O4. CottOn-demsnd fair; prices firm. Quota.
lions unchanged. Sterling steady. 8 n. M.-Gold
l4O4; Cotton demand good ); prices advanced.
MiddliDg 3lsc., Mobile 3llc., Orleans $40. Sales
to-day 5000 bales. Sterling steady.
Liverpool, June 26-ll:l6 A. M.-Cotton market
irmer; estimated sales $4,000 bales Uplands
ii ID. Orleans ll3d. Sales of the week 6S, 900
bales. For export IA 900 bales, for speculation
5000 bales. Stock on hand COZ 900 bales Of which
$4,000 are American. l:20 P. Motion quota
tions unchanged. Total cotton aHoat $50 900 bales
OF which 80 600 bales are American. 5P.M.-Cotton
and oatfu Gal IA,
10 GO bales. Uplands ll4@lIld., Orleans llA@
1lsd.
London, June 26-ll:15 A. M.-Oonsols 9l20
94l for money, and 94b on account. Bonds 7Sl@
13f ?. M.-Consols 942 Bonds 49,.