The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-04

FRIDAY ESsnise. April 3 1858
There IL no new feature Of any kind to refer to
In the general money market Currency still
accnmulstes At bank and on the street. the de-
msnd for loans and discounts steadily diminish,
and The surplus of capital likely TO remain dormant
till the opening of the fall trade promises to be
exceedingly heavy. Ia other cities, when the
supply OF svailsble means exceeds the demand
Tor Recommendation, rates are usually reduced as
an nducement for parties % borrow; but not so
here. The old rule is still adhered 20, and we
therefore still quote short gilt edged paper at 81
cent y annum at bank and TOLL d cent. b
month out Of doors, and long dsted notes. secured
by strictly Al city mortgage, at lo@l2 D cent. %
annum.
GOLD AND suyER-There has been no let up in
the Gold movement since the date of our last
regular summary offerings have been generally
far. though at no time excessive, and the demand
has been. with but slight intermission, active aud
general throughout. Rates have varied in accord
ance with alterations 10 quotations at New York,
but generally ruled ct l312t points above the
latter. The daily opening, closing. highest aud
lowest rates will be found In the Gold table 10
another column. Silver has undergone but little
if any alteration since our last. Sales to-day
comprise the following amounts, viz: $4,000
Gold in the morning at 1891; SIS, 900 and $40 900
at 1924 $4,000 and $40 900 at 1891; $4,000, s5000
$1,000, $1,000 and $1,000. subsequently. at 1879; and
$1,000 at 1884. In Silver we have no sales OF any
importance 10 report; bat now qnote Gold at
1363Ql39. American Silver At 13l30l323, and
Mexican dollars at l4o@l4z.
FoKEIeN EXCHANGE There has been a very
heavy business done in Sterling and Francs
during the week ending this evening Owing to
the large daily sales Of cotton to foreign BUYERS
the supply Of bills was well kept up throughout,
while with an unusually active and general de-
mapd, last weeks quotations were fully main
tanned till within day or two, when the inquiry
diminished and prices relaxed. Sales to day
compriss the annexed amounts viz: $4,000 Al
Commercial at ISL; $4,000 aud Ell 900 At 1901; $1,000
bankers do at 1901 $1,000, f3000 $4,000 and
$4,000 do. ct 1904; 10000 do. ut 1904 $1,000,
f3O0O and $4,000 bill of lsding, at l49f: aud
fi0.ono DO at l49t: 100000 at 3773f.: 50.000f.
At 3.783f. l20. OO0f Commercial do At 376lf
so 600 do. at 3.75f., and rs 900 bankers do. at
3733f. We now quote Bank Sterling nominal at
l5261l524 clear bills at l5l0l5l5. bill of lading
nils At 14961l49i Bank Francs AZ 8. 73ias. 7Of..
and Commercial AZ 3. 7s26137 5f
Doxksrlc ACKNOWLEDGEMENTS uniformity
has been the most prominent feature of the
movement under he above heading since the close
of our weekly review Of March 9Th. The Offer
ing supply has slightly varied with the purchases
of Coiton for the North and East but as the de-
mand kept pace with the supoly throughout, rates
have exhibited but fractional alteration from
the opening to the close Of the week. Transac-
tons for Inc Gay embrace the following. viz /:
Sos ,00C and $40. 900 New York Sight at 5-l6 y
cent premium: $4,000 $4,000 $l3 O0O $40 600
$4,000. $35 600. $4,000 and 5000 at u cent
premium and $4,000 three days Sight at par.
We now quote at bank at 2a} y cent. premium,
and ~ cent premium ONT OF doors for sight
checks on the Northern cities.
UNoURREsT NorEs AND SKcURrr1Es-The most
marked feature of the movement under the above
hesdine since The close of our review of the 27th
ult. has been constant and heavy fluctuations in
rates of city Notes. On some days they have with
out any apparent cause, gone down 2. andfeyen
4 n cent, while on The other hand they have upon
other occasions as rapidly recovered and not IN
frequently disclosed heavy advance. Within a
day OF two, however, an Improvement. which
come parties look upon as permanent. has o,.
Cured, Influenced by the sales Of market stalls
and consequent increased demand for city issues
to be used in payment therefor, but without rad
icai change In the present city administration and
asubsttution for the presentincumbents OF officers
in whom the people Of New Orleans can repose
confidence, we, at least, do not look for any
stability in rates OF city shnplasters. The
movement In LouisiaDa State Notes aud
in notes Of the Bank Of Louisiana has been at no
time better than nominal during the week, and
operations in all classes of securities have been
wholly suspended throughout. We append par
ticulars OF The actual sales to-day ss follows viz
$1,000 at q v cent discount; SIS, 900 at 20@2l .
cent. discounts $1,000 and $4,000 at 200 y cent dis.