The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-25

Fsu @rlsans 2lonsu ylarhet,
uRnsoEsr OyyIcz, no. u OAsg srKxss,
Friday Evening. July "a 1888

uassc.sr oyyIc., 40. u o1sS srkxsr,
Friday Evening. July "a 1853 !
The week ending this evening has been marked
throughout by extreme apathy in financial circles.
The supply Of currency indicated no reduction
whatever either at bank or in the hands Of private
capitalists, but the demand for accommodation,
owing TO the limited movement progressing in
general business circles, was at no time better
than nominal, while rates Of interest and discount
ruled throughout as for several weeks past at q
cent. n ahnum at bank. and l@l4 Il cent. u
month out of doors for short giltedged paper,
and l0@l2 IL cent u annum for long dated notes
secured by strictly Al city mortgage.
GOLD AND SILvER-The movement in the pre-
cious metals has exhibited a steady and heavy ad-
vance in rates from the opening to the closing of
the week. The recent action of Congress with
regard 10 the taxing Of United States bonds has
resulted in the return to this country of large
smount of the latter heretofore held abroad, and
as Gold had to be shipped in return, rates OF the
latter have been materially enhanced. The de-
mand for Gold in this market having been almost
exclusively confined to Customhouse purposes,
however operations have been of a very restricted
character throughout, while transactions in Silver
have been confined TO trifiing lots at correspond
.inely advanced figures. Operations to-day com
pTised eDly the subjoned amounts, viz: $4,000
Gold at 1924. $1,000 and $4,000 do. at l42i, $4,000
do. ct 1921 s3 900 do. at l43, and $4,000 do. at
l43I. Sales of Silver have been confined to drib
let's ard we still quote Gold l4239l42l. American
Silver Coin l36@l36A, and Mexican Dollars l46B
@l47.
FOREIGN ExcHANGE-The movement under the
above heading during the past week has been uni
foruly in favor OF holders and drawers. The sup
ply of commercial at no time much better
than nominal, and the demand on the part of re-
mitters was generally far for the present ad.
vAneed penod of the business season. while on
one or two occasions il might have been apprO-
priaely termed decidedly active. As quotations
were almost exclusively influenced by the ruling
prices of Gold and foreign bills at New York,
transactions to-day embrace only the following
L.. L o.
$4,000 AL commercial do. at 1874. We still quote
bank Sterling l5S@l5s5. clear bills l57Gl57A,
bill of ladng bills l56@l564 bank Francs 3 .57k,
and commercial do. 362493.60
DOMESTIC ExCHANGE-U niformity in rates has
been the most prominent characteristic of the Do
nestle Exchange market during the week COM
mencng on the 18th inst. With very limited pur-
chasesoi Cotton for the North and East, the sup
ply of commercial sight and short sight was of a
restricted character throughout, while the remit
lance inquiry generally fair for the time, and
rates disclosed no quOtable alteration from the
opening Of the week. Purchases to day by banks
and bankers comprise $4,000 and $4,000 New York
commercial sight at ~ cent premium. $4,000 aud
$40 600 do. al u cent premium, aud $4,000 do. at
5.l6 " cent premium. We still quote Il cent.
premium at bank, and t@4 ~ cent. premium out
of doors for sight checks ON Northern cities.
UNCURRENT NoTEs AND SEcURITIEs-There has
been. considerable movement and fiuctuation in
city and State notes during the past week. The
latter, perhaps, exclusively due to the action or
contemplated action of our municipal boards and
of the so-eslled State Legislature. OF course, as
contemporary would say, there has been great
deal of bulDg and bearing, but in summing up
operations we wholly fail to discover any important
gain TO bona fde holders of either class of notes.
The Issues of the Bank of Louisiana have been
neglected throughout, aud operations ia stocks
and bonds have been confined to some triting
sale of few tavorite classes OF securities The
total actual transactions of the day included only
the following viz; SO 600 city notes at 80. s5OgO
and 80 900 do. at 1863, $1,000 and $40 900 at37 b
cent discount $4,000 Louisiana State notes at 6Sc.,
$40 600 do. at 67A. $4,000 do at 81, $4,000 do. at
662 and $4,000 do at 66be. u dollar, $1,000 U. S.
730 bonds third series, at u cent premium, 100
shares new Orleans Bank stock at $50 so, and 100
do. at s3l u share.
SPECIAL DIsPAToHBs.-We are indebted to
the Western Union Telegraph line for copies of
the following private dispatches received from
that route to-day, viz:
Ne,o York, July 24-l0 A. Mold opened at
l43l. 1880 A. Mold l43k. Cotton market
dull and nominal midding Sic. Mobile 81 to-,
Orleans Sl4c. Sterling IlOl@ll0l. S 2Os, 1851
coupons, lllt; do 1855 coupons, ll2l; do. ne "
issue, lO9; do. new series 1867, 1925 l0.40's,
1881 SOS, second and third series, 1851. 3 P.
M.-Gold closed at l43b. Sterling steady.
Liverpool, july 24-ll:l5 A. M.-COtton mar
ket steady; estimated sales 10 900 bales; uplsnds
load, Orleans lO!@lld.; sales of the week IS O0O
bales; for export 10 900, for speculation 5000
bales; stock on hand 6O2 600 bales, of which
800 900 are American. l;20 P. Motion market
steady; estimated sales 10 900 bales; uplands
1Oad., 0rleads l02d; Cotton s6Oat Isl 900 bales
of which l3 coo are American. M.-CottOn
market lower; sales to-day 10000 bales; upland'
London, July 24-ll:l5 A. NJ Consols 9iJ
Bonds 72l@723d. l:2O P.M.-Consols unchanged
Bonds 72i