The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-26
AUCTION SALES THIS DAY.
Elan erIsans sSlun,p Rarhet.
Okzso.sT OFFICE, No. % oLzy sykxrS, I
Monday Evening, May Is, 1908

Monday Evening" May -. 1905
There ia no variation to refer to in the condi-
ton OF the money market. The supply Of cur.
Iency Is considerably 10 excess OF the demsnd
and the difference Is widening every day. Gold
opened at New York this morning at 1891 against
1898, the closing rate yesterday. At A. NJ it was
at P. NJ. it closed It. The movement In this
market has been light and irregular as will be
seen by the appended statement Of the principal
operations, viz $500 Gold at l404. $500, $1,000
do. at l403. $1,000 $40 900 and SIS 600 do at l40l
Sales OF silver comprised $1,000 and $500 Ameri.
can Coin at 1876 and $3.50 do. at 1861. We now
quote Gold l403Ggl40l, American Silver G in 1851
Ql364 and Mexican Dollars l4240l43.
FOREIGN MISUNDERSTANDING is still the lead
ing feature of the Foreign Exchange market, but
rates are irmer to-day owing to an advance in
New York. Offerings Of Commercial Sterling
and Francs are steadily diminishing while the re.
mittance demand shows corresponding abate-
ment. The subjoined statement includes the
leading transactions to day, viz fl200 Bank
Sterling at l55, $1,000 do. for Gold at ITO aud
cas- coo AL Commercial Francs at 1861. We
now quote Bank Sterling l5440l55. Clear Bills
l5SsGl54. Bill Of Lading Bills l6290l53. Bank
Francs 1865 and Commercial do. 3.67493.70.
DOMESTIC ExCHAHGE-The movement under
the above heading exhibits quiet bat steady
market. The supply of commercial has been
materially reduced, and the demand on the part
Of remitters, though restricted, appears to be
sufficient TO uphold rates. The following en-
brace the total purchases by banks and bankers
to-day, viz: s25 900 New York commercial sight
at sic a. cent. premium, $4,000 do. at sic u
cent premium, SIC, 900 bank do. at ~ cent. pre-
MUM $50 900 sixty days sight at II d cent. dis
count, and $4,000 twenty days sight on Mobile at
o. cent. discount. We still quote D cent pre-
MUM at bank, and l0s y cent. premium out of
doors, for sight checks on Northern cities.
.UHcURRENT NOTES AND SECURITIgs-Nothng
has transpired since our last TO change the mo-
notonOus appearance Of the Uncurrent Note and
Security market. City issues are dull at irregular
rates. Louisiana State and Bank OF Louisiana
notes continue at a standstill, aud operations 10
Yearly all classes of Securities are wholly sus-
pended. We annex the trifling sales to-day, viz:
$4,000 city notes at 34 q cent. discount and 5000
do. at 80 ~ cent. discount.
SPECIAL DIsPArCHKs.-We are Indebted 70
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day, viz;
Neto York, Nay $50 A. M.--Gold opens at 1897.
l0:45 A. Mold 1897. Cotton market quiet
and steady Mddling 3lc., Mobile 3l9c., Orleans
3llc Sterling advanced, ll04@ll0B. IL M.-Gold
lao. Cotton market weak and irregular. Mid
ding Sole, Mobile 3lo., Orleans 3l4c. Sterling
lar Sales 400 bales, nominal quotations. Mddling
SOLc., Mobile slc, Orleans 3llc. Very few holders
willing to sell at these prices. Sterling steady.
liverpool, Moy 25-ll:l5 A. M.-Cotton market
Quiet; estimated sales 5000 bales; uplands III Id,
Orleans IT'D. l:20 P. M.-Cotton market easier !;
estimated sales 1000 bales. P. Motion
sales 1000 bales quotations unchanged.
London, May 25-l:20 P. M.-Consols 94f195
for money, and 93s01934 on account. 5.20's ITO
7lA. p. M.-Consols $50 on account. 52O's,
7llG17ls.