The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-19

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Friday Evening, Dec Is, 1853


II Friday Evening. Dec ls lS6B. J
Monoto1y 10 the most noticeable feature of the
money market. Currency still increases both at
bank and in the hands of private capitalists, and
owing TO the return Of considerable portion OF
those heretofore sent to the interior. The i'm.
proved and still improving condition of business
circles Is clearly seen 10 the steady diminution OF
demands for accommodation, while the increasing
disposition to invest in all classes of securities is
but another evidence Of the unusual scarcity Of
satisfactory short or long paper. Rates of inter-
est and discount continue nominaly unchanged,
however, and we again repeat previous figures.
as follows, viz: % cent. y snnum at bank and
l@l4 u cent. % month out Of doors for short gilt
edged paper, and l0@l2 y cent. per annum for
long dated notes, secured BY strictly Al city
mortgage.
been Of very restricted, character throughout
from the opening to the close Of the week and
rates have been unusually steady till within day
or two when they exhibited some marked sltera-
tons in accordance with the fluctuations 10 New
York. The market was at no time better than
moderately supplied, and the demand has been ex-
ceedingy light throughout for this period of the
business season. Silver continues scarce and in
fair request at laQ2 points below Gold rates for
American halves and quarters, and 2aG3i per
cent. premium on Gold for Mexican dollars. The
actual sales to-day included $40 900 at 1851 $4,000
$4,000, $4,000 and $4,000 at 1854, $4,000 at 1851,
ming we're ss@ns5i for ' Goa n fEsasss s for
American Silver coin and lS7a0l3sa for Mexican
dDllars.
FOREIGN EXCHANGE foreign exchange
market has disclosed unusual apathy throughout
the past week. offerings OF commercial Sterling
and Francs were at no time heavy, aud the de
mand was Of limited character from the date of
our last weekly review TO the close of the market
this evening. Rates underwent bnt little IL any
alteration, however, up 10 yesterday, when they
fell of considerably, owing to a heavy decline 10
quotations of Gold at New York. Operations to-
day have been restricted to the subjoined amounts,
viz $4,000 bank Sterling at 100 for Gold, f2500
bill of adng do. at l453 for currency $4,000 do. at
LAG. $4,000 Al commercial do. at 146s. aud 20 DOOR.
and IS ,000f. bank Francs at S6l. We now quote
bank Sterling at l47@l474. commercial do. 1850
l463. bank Francs 3s64G3.s5, and comnercill
Francs 3.ss4@3.s7t.
DOMESTIC Acknowledgements under the
above heading have exhibited marked uniformity
since the date Of our last weekly summary. The
market was at no time better than moderately
supplied with Commercial Sight and Short Sight.
while the inquiry on the part Of remitters was for
the most part inactive and restricted. The sales
20 banks and bankers since our last embrace
$40 GOO New York sight, In lots, at GIG ~ cent.
discount. Rates continue unchanged and we
would therefore repeat SG3 u cent. discount at
bank, mostly the former, and S.l60ll.l6 ~ cent.
discount outofdoors for sight checks on the
UNcuRRENT NorEs AND SECURITIES wing to
the great redundancy of unemployed capital 10
the city, the disposition to make investments IN.
der the above heading exhibits very manifest TO-
crease. As prices of the better descriptions of
stocks and bonds have been recently advanced
beyond the views of buyers, however, several of
the latter now stand aloof; but, despite the draw
back, very liberal business has been transacted
during the past week, indicated by our previous
regular daily reports, and the market since last
evening comprised the appended sales. viz
$1,000 city ten per cents at 734; $500 Bank Of
Louisans notes at 173c, $500 city notes at 39A,
$4,000 do. at 40, $4,000 city consolidated bonds
at so, $4,000 railroad do. at est, and $4,000
Louisiana State warrants at 500.
BOARD OF BROKERs-Sales at the board to-
night comprised the following, viz: $4,000 Gold
at 1851; $1,000 city ten per cent bonds at 70, and
5000 lsl0U0 and $4,000 do. at 49,.
SPECIAL DIsPATOHEs.--We are indebted to the
Western Union Telegraph Line for copies of the
following private dispatches received from that
route to-day. viz:
Neto York, Dec 1910 A. M.-Gold opened at
l34g. 1890 A. M.-Gold l343 Cotton market
unchanged in every respect. Sterling l094Qll0l.
l2M.-Gold l34E. Cotton quiet but steady; mid
ding 54c., Mobile 253c., Orleans 25}c. sterling
steady. 3 p. NJ Gold closed at 1874. Cotton
market MISREPRESENTATION unchanged. Sales
TO day ls00 bales. Sterling steady.
Liverpool Dec. ls-1l:l5 A. M.-Cotton market
quiet. Estimated sales 10000 bales; uplands
lOid., Orleans l0ld. Sales of the week 81 900
bales; for exports 5000; to Spectators 1000.
Stock hand 354, 600, of which 81 900 bales are
American. l:20 P. M.-Cotton quiet bat steady.
255 900 bales, of which 10000 bales are Ameri-
can. P. M.-Cotton market easier, not quotably
lower. Sales to-day 1000 bales.
Hdure, Dec. lS-A. M.-Cotton market IN.
changed in every respect. Noon.-Cotton market
quiet. Tres ordinaire l.22.