The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-16
gsu Orleans sslun,p xlarA.i.
CkksczzT oyyTCz, No. % OAxy sfKsss, I
Friday Evening. Nay Is. ls6a

Friday Evening. Nay Is. 1903
There is no new feature to notice in the condi
ton Of the money market. The supply of curren-
cy IL still superabundsnt and the demand for ac-
commodation is exceedingly Rates Of
interest and discount remain nominally unchanged.
however, and we again repeat previous figures as
follows, viz: Il cent. u annum at bank, and Ia
IA A cent. ~ month out of doors for short glg
edged paper. and 106l2 u cent. b annum for
long dated notes secured by strictly Al city mort
gage.
cious metals continues to diminish, but rates are
still very firmly maintained. The demand and
supply during the past week have been light
throughout, and while quotations have generally
huctuated in accordance with the variations in
prices in New York, the tendency OF the market
has been for the most part in favor OF holders and
sellers. Operations to-day comprised the follow
ing amounts, viz $1,000, $4,000, 10000, sl4 900
and $4,000 Gold at l40l. $1,000 and 1913 900 at
140I, $4,000 and sl0 900 do. at al. Sales of Silver
have been restricted TO 500 Mexican Dollars at
l44 and we now quote Gold l4090l4l, American
Silver Coin at lS6s0lS7, and Mexican Dollars
H3A@l44.
FoREIeN Exchanged Operations in Sterling and
francs since the date Of our last weekly review
have been fully as heavy as could have been ex-
pected for this advanced period OF the business
season. Offerings of commercial bills have been
slightly augmented from day TO day by moderate
purchases Of cotton for the foreign markets, and
rates have been upheld more by the irmness Of
quotations at New York than by any active or
general competition here. Transactions to- day
comprised the annexed amounts, viz $500 bank
Sterling at l55 $4,000 bill of lading bills at 1854
and f5000 do. at 1873; l0,0O0f. bank Francs at
3.65f and 10 0O0f, IS 000f. and so 00f Al private
bankers do At 3.66if. We still quote bank Sterl
ing at 1885, clear bills at l534Gl54, bill Of lading
bills at l5236Il53A, bank Francs at 3.65f., and com
mercial do. at 3.7OG3.6o4t.
DOMESTIC ExCHASGE-rhere has been consider
able irregularity in the movement in Domestic
Exchange since the date Of our last regular sum
mary. The Offering supply OF commercial sight
and short sight was at no time heavy, bnt the de.
msnd has been sporadic and rates after having
fallen of in the early part Of the week resumed
their previous frmness before the close. Pur-
chases by banks and bankers to-day are embraced
in the following amounts, viz $4,000, $4,000
81. 600, SIS 600 and $50 600 New York commercial
sight at Il cent. premium 10000 do. at SIS {!
cent. premium, and $1,000 bank sight at u cent.
premium. We now quote s@a q cent. premium
at bank. and l@4 D. cent. premium out OF doors
for sight cheeks On Northern cities.
UEcURREET NoTEs AND SECURITIES The issues
ofthe city have fuctuated almost beyond precedent
during the past week. Rates have gone up and
down In accordance with the frequent rumOrs OF
action or representation as to their redemption
by the aldeTmanic boards. No acceptable plan
for their total extinction has yet been adopted,
however. and it is impossible TO predict what the
future may develop as regards this Immaculate
currency. Louisiana State and Bank of Louisiana
notes are still wholly overlooked and the move
ment in nearly all classes Of stocks and bonds
continues suspended $1,000 city notes were sold
at SO u cent. discount $1,000 and $40 900 do at
IS, 5000 do. at 3l4 and $4,000 do. at 33I q cent.
discount; s22 600 levee bonds sold at 3Sc. Il
dollar.
pPECIAL DIsPLfCHBs.-We are Indebted 20
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day. viz:
Neto York Nay l5-l0 M.--Gold opens atl39I
l0:45 A.M.-GOld 1897. Cotton-Csble news con.
sidered favorable, leading to an advance; mid.
ding 3l@3lAc., Mobile 3lA932c., Orleans SEA
323c. Sterling 1l0i@llOi. 1890 .M.-Gold 1894
Cotton-demand good. prices tending up; mid
ding Ac., Mobile SIC, Orleans 32ac. Sterling
easier, ll0I@ll03. 3P. M.-Gold 1891. Cotton
demand fair prices advanced; middling 3l90
&c., Mobile 32@323c., Orleans 32A0g33c. Ster-
ling llOl@ll0i. 5-20's 1851, coupons, ll37
do 1864 do, lOs do. 1854 do, lO7 do.
1866 do, 1914; do. new issue do. l09:; do. new
series 1867 do, 1905: 10 40's 1881; 30's second
series, 1915; do, Sd series, 1919.
Liverpool May l5-ll:l5 A. M.-Cotton market
firm estimated sales $4,000 bales; uplsnds I'D.
Orleans l24d.; sales for the week, 1900 bales
for export 5000, for speculation 1000; stock on
hand 557, coo bales, OF which $4,000 are Amesi
can. l:20 P. M.-COtton-estimated sales Is 00(
bales; uplsnds l2@l2ld., Orleans l2l0l21 d.;
cotton adoat 400 goo bales, Of which 90 900 arr
American; shipments from Bombay for fortnight
ending sth inst. 20 900 bales. 5 M.-CottoI
market firm; sales to day 5000 bales uplani
I0td Orleans l2ld