The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-27
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Tue.day Evening. Nay rs, 1903

Tue.dsy Evening. Nay 26 1903 J
There Is nothing whatever Of special interest to
refer 10 in the movements in financial circles.
The supply of currency is ample, and the demand
for accommodation Light while rates OF interest
and discount still rule as heretOfore-S u cent.
per anpum at bank, and lGl4 q cent. per month
out Of doors for short giltedged paper, aud 100
IL Bcent. per snnum for long dated notes secured
by strictly Al city mortgage.
GOLD AND SILvKR-0peralions In the precious
metals are steadily diminishing. Purchases of
Gold for the interior and on speculation have
almost wholly ceased, while the amount now re-
quired for the payment of duties is of a very re-
strIcted character, and rates go up and down In
accordance with the frequent fluctuations of the
New York market. Offerings Of Silver are only
nominal, and the trifng lots thrown upon the
market are still absorbed at about three to four
points below the ruling Gold rates. Operations
today comprised only the following amounts.
viz $1,000 Gold at 140l $4,000, $4,000, SIS 900
and SIS 900 do. at l402, and $4,000 at l40I. Sales
of Silver have been confined to $1,000 American
halves at 1876, and $1,000 do. at 1864. We now
quote Gold at l40IGl4OI. American Silver coin at
l354al36A, and Mexican dollars at l423(1l43t.
FOKEIGN ExoHAsGE-With exceedingly reduced
purchases Of Cotton for foreign account, the sup
ply Of commercial Sterling and Francs is becom.
ing rapidly exhausted. The demand, however,
discloses q corresponding abatement; but rates
are well maintained, owing to the hrmness Of Gold
and Exchange in the New York market. Trans
actions to-day have been very light, and embrace
at l54t. fl00O. do. at 1884, $4,000 bill of ladng
bills at 1885, and 80 600 bank Francs at 3.6jf. We
still quote Bank Sterling at l55, Clear Bills
15330l54&, Bill Of Lading Bills l5241l53A, Bank
Francs 1865 and Commercial do. 3.671G3.7O.
DOMESTIC ExCHANGF-0peratioDs under the
above heading continue to rule as for some time
past. The restricted sales Of Cotton to the North
afford but very limited accessons to the supply of
commercial sight and short sight, while the de-
mand on the part of remitters exhibits steady
abatement. Purchases to-day by banks and
bankers embraced only the annexed amounts,
viz: $4,000 New York commercial sight at ! u
cent. premium, $40 900 do. at 5.l6 u cent. pre-
MUM, $4,000 and $4,000 do. at q cent. premium,
$40 900 and 5000 do. : y cent. premium. We
still quote y cent. premium at bank, and !Dl u
cent. premium out Of doors, for sight checks on
Northern cities.
UEcURREST NorEs AND SEcURITIEs-We have
yet nothing to indicate speedy recuperation of
business in any class of uncurrent notes securi
ties. With the present surplus of dormant CAPT
tai buyers could, doubtless, be found at low
figures for few favorite Stocks and Bonds, but
holders Of such not generally willing to sacri
fee them. and the unfortunate possessors of all
other descriptions could only dispose of them, if
at all, at ruinous figures. We append the few
tri6iDg operations reported to-day. viz: $4,000
State warrants atI50c % dollar, $4,000 and 81 900
city notes at 37a y cent. discount.