The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-20
AucrIos SALES THIS Day.
Bsm Orleans gttuneQ JIarRsi.
Etfdav Roaming lime 10 1874

Fiidsy Evening. June 49, 1854 }
Nothing whatever has trsnspired during the
past week TO materially alter the condition OF
financial sfairs Collections at bank have been
light as there is but little business paper matur.
ing at this season, and the demands for accommO.
dalton have disclosed steady abatement through.
out, owing to the heavy falling off in general
business. At the same time rates of interest and
discount have remained nominally unchanged,
and We therefore again repeat previous figures,
merely for reference, however, viz - cent. q
annum at bank and lGl4 u cent. y m6nth out Of
doors for short gilt-edged paper, and l0GlI2 u
cent. y annum for long dated notes secured by
strictly No. city mortgage.
GOLD AND eILvER-Operations in Gold have
been to moderate extent since the date of our
last review for the payment o. duties and for
transmission into the interior. Rates have been for
the most part, very irregular, however, but the
general tendency has been upward owing to the
stringency Of the New York market Sales of
Silver have continued light owing to the limited
character Of The oferngs,s and the trifing lots
thrown upon the market from day to day have
been aborbed at previous prices, which generally
ruled al 3G4 points below gold rates for Ameri-
can halves and quarters, and 2G4 u cent. pre-
MUM on Gold for Mexican dollars. Operations
to. day are restricted to $4,000 and $1,000 Cold at
1879, and $4,000 do. at lao. Sales of silver have
been confined to driblets, and we still quote Gold
at l3slGI4Ot, American Silver Coin lS59l36, and
Mexican Dollars l44@l444.
FOREIGN ExCHAHGE-With slightly increased
purchases OF cotton on foreign account since the
cate of our last regular summary, the supply of
commercial Sterling and Francs has been cores
pondiDgly augmented. Rates have been well
maintained throughout, however, On account of
the stringent ruling figures for Gold and Exchange
at New York, and with a moderate demand for
remittance from the opening 10 the close of The
week. The only operations to-day are $1,000 Al
commercial bills, at 1854 and 10000 do. francs at
3.673. We still quote bank sterling 1885, clear bills
154@l544, bill of lading bills l530l535 bank
francs S65G9;62B and commercial do. S.76@3.674.
DOMESTIC EXCHANGE-The movement under
the above heading has been of full average ex.
tent since the date Of our last weekly review
and quotations have been of the same uniform
character throughout as for several weeks past
Offerings have been fair, but at no time heavy or
excessive, and the inquiry on the part of remit.
tiers has been about sufficient to absorb the daily
commercial accessions TO the supply of North
sight and short sight. Total purchases by banks
and bankers TO day embrace $40 900 New York
commercial sight at par; $4,000, $20,O 900 and
$40 600 do. at ! S3 cent. premium $40, 900 and
S25 900 do. at 3 l6 u cent. premium and $4,000
fifteen days sight at II cent. discount. We still
quote u cent. premium at bank, and !9I u
cent premium out OF doors for sight checks on
Northern cities.
UNcURRENT NOTES AND SECURITIES There
have been some alterations in rates Of city notes
during the week. At the opening, and for
several days subsequently, holders were buoyant
with the hope that the incoming Boards of Alder
men would cOntrve some plan for their especial
benefit" but hope deferred" etc. Now sellers
are clamorOus for the promised reforms, aud
threaten to sell at whatever price they can
obtain, should the city fathers much longer defer
the promised panacea. Rates of Louisiana State
Totes show a steady Improvement, while Bank of
Louisiana notes are wholly neglected and the
movement in most classes of Stocks and Bonds
is still entirely suspended. We append particu-
lars of the actual sales since our last viz: s26 90
and 5000 city notes at SO u cent discount,
1000 do. at 36}, and $1,000 do. at 374 ~ cent
discount; $1,000 Louisiana State notes at SO, and
$4,000 do. at 593c. u dollar; 200 shares Bank of
Orleans stock at $27 so, 81 shares Union Bank
stock at $35, and % levee bonds at 43Ic. u
dollar.
SPEoIAL DIsPATCHEs.-We are Indebted 10
the Western Union Telegraph line for copies Of
the following private dispatches received over
that route to-day, viz:
NeIo York. June 1910 A. Mold opened at
140i. 1880 A. Mold l401. Cotton-Demand
fair; prices have advanced. Midding uplands
3lc., middliDg Mobile TO-, middling Orleans
3l3c. Sterling ll04@ll0t. II M.-Gold l4O4.
Cotton-Demand active at full prices. Sterling
steady.
Liverpool. June l9-ll:l5 A. M-Cotton
buoyant. Estimated sales Is 900 bales; mddling
uplands IL 3D., middling Orleans I'D. Sales for
the week SO, 900 bales. For export Is 900 bales,
for speculation 1000 bales. Stock on hand $4,000
bales, of which 359 900 bales are American. 100
p. Motion market active. Estimated sales
20 900 bales. Uplands 3D., Orleans llid.
London, June l9-ll:l5 A. M.-COnsols 95IN
$50. Five.twenties 73t@734. l:20 P. M.-COnsols
945Q95. Five.twentes 73L9734.