The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-11-12
Gha @eiu Orleans @resf.ni.
THURSDAY MORNING. NOVEMBER IL 1858.
gsm Orleans Stlontp yflarhet.
CnEscszf ovy1cs. No. ~ Cam sfRxrr
Wednesday EveninR Nov IL lS68

|
| Cnrscssf OFFICE No " Cam srRrrr
| wednesday Evening. Nov IL lS68
| we have no change of any kind to notice in the
movement in the Money market. Gold opened 10
closing rate last evening. At IL N. il stood At
1883 and at P. N. closed ct 134&. The move
meDt mere has been fair, but rates were very un.
settieo throughout. Total transactions embrace
the annexed amounts, viz $4,000, $4,000, $5000
$1,000 and $500 Gold at 1851 s25eO and SIS 900
DO. at 1854 $1,000. $4,000 and $4,000 do at 1885 |:
$1,000 do. at l34} and 500, 900 do at Is4i01l34y.
sales Of Silver comprise $1,000 American halves At
l33, and $1,000 do. at 1881. We now quote Gold
az l34s@l354; American Silver coin l33Al33B
and Mexican dollars l3s@l3sA.
FOREIGN ExcHANGE-A further decline In the
rates OF Gold IN New York has caused very
unsettled market under this heading today
Offerings of commercial Sterling and Francs
were fair though not heavy while the extreme
rates demanded BY holders prevented opera
lions OF any magnitude. Total sales to-day en-
| braced the subjoined amounts, viz fl000 bank
Sterling at LAG fl000 and $4,000 commercial do.
at l453, and $1,000 do. at las IFS, 900, go 900.
10000 and $50 900 bankers Francs at 39Of.'
| and 800 900 do. at 3.90@3.9l4f. We now quote
bank Sterling lac; commercial do. lIiS@li51:
bank Francs SSs40Ss7af, and commercial do.
DcMssrro ExcHAseE-we have no alteration AZ
| any kind to notice In the movement under this
heading. Offerings of commercial sight and short
ght were restricted, and the demand was of &
limited character throughout, Total purchases
sVuoy W pouhb duo DduheTB comprise only the
annexed amounts. viz: $4,000 and $4,000 New
York commercial sight at . " cent discount:
$4,000, SIC, 000 10000 and $40 900 do at 78 cent
discount, and slO,0os, SIS 900, $4,000 $50 900.
$40 GOO and $50, 900 do. at " cent. discount aud
$40 600 five days do. at l6 D cent. discount. We
still quote par at bank and I0l2 ~ cent discount
out OF doors for right checks on Northern cities.
UNoURRENr NOTES AND SEcURITIEs-City notes
are Gull and neglected, city 10 per cent bonds
are heavy and lower. Louisiana State notes and
warrants continue inactive and the movement in
all classes of stocks is wholly suspended. Opera.
tions to-day embraced the following amounts. viz:
$4,000 city 10 per cent. bonds at 67t and $4,000 do
at &c., $1,000 and $4,000 do. at 6Slc. per dollar
At the Board of Brokers last evening there were
sales of $ll, 900 State warrants and $500 city
warrants at 623c. per dollar.
SPECIAL DIsPATcHEs.-We are Indebted to thu
Western Union Telegraph Line for copies Of the
following private dispatches received from that
route to-day, viz:
Neto York, Nou. lilo A. x-Gold opened at
dull and nominal. Sterling l09t0ll0. l2M-
Gold l34t. Cotton weak but demand fair nomi-
nal.y NEEDING 244c., Mobile 24lc., Orleans Csc.
sterling steady. P. M-Gold closed l344. Cot
ton dull-prces lower; nominally mddling 2lc,
Mobile 24lc., Orleans 244c. Sterling steady.
Liverpool, Nou. LILIES A. M.-Cotton mar |
kei dull; tending down. Estimated sales 10, 900 |
from Bombay since last to 9th. 5000 bales. 100 |
p. M.-Cotton market dull. Prices tending down. 1
ward. Estimated sales 5000 bales. Uplauds |
l0t@lld., Orleans l1t@l1ld. P. M-Cotton |
market dull. Sales to-day 5000 bales Prices un- |
changed.
London, Moo. IL, 1:2O P. M,-Cousols 9I3.
Bonds 73E. s. M-Consols s4i. sos a..
FINANCE AND TRADE.-Under the above head.
ing the New York Shipping List of the 4th inst,
The presidential contest, which closed with the
setting OF yesterdays sun, has overshado ped all
business interests, and the volume OF trade during
the last three days has been narrowed down to an
N 10 In oil ~
markets heretofore noted, is still conspicuous
feature, though in some instances, where prices |
had been exceptionally low, there is better tone.
This is notably the case with breadstuffs. which
were decidedly stronger at the close, though by |
no means active. The money market shows In.
creased stringency. and the bad effect on business
Is papably apparent in the extreme difficulty Of
"a %erssne paper at the extreme
cent. gold with tCG4 u cent. commission added, |
bss been freely paid, and in some instances on /
government collaterals. Some of the banks have
sent In their ~ cent certificates to the subtrea-
sury for redemption, In order to accommodate
their customers. |
The total redemption Of certificates since the
beginning Of October amounts to sl4 900 900,
which Is virtually a contraction to that extent as
the certificates have had to be replaced BY an
equal amount OF plain legal tenders. The legal |
tenders for this purpose, of course, have come |
out OF the treasury, and the sub treasury, in re-
deemng the certificates, has reduced its currency
balance to remarkably low figure. In order to |
check the exhaustive operation OF redeming these |
eertfcates, meeting has been called to consider
4 proposal to make the certificates available for
at the clearing house. and if adopted,
good results are expected to follow. Moderate re-
nittances of currency have been made to the |
south, but the light drain to the West is thought
70 have been fully offset by q moderate return |
current from Chicago. The decline in gold con.
tDnes, and has depressing effect on all foreign
rsde operations. The price has been as low as
SO since our last, though there was some reaction
yesterday from the lowest point of depression.
! would appear that the payment Of the coin In
crest from the treasury, now in progress, has | !
'een anticipated, so as to have no effect on the
'remium. There is disposition to hold gold in |
Expectation Of large purchases to be made row
hat the election is over, for covering short
ales, and many are looking for his her quotations
or period, at least. !
In the same number of the Shipping List we /,
nd the subjoined comments on the New York
AK movement:
The statement of the associated banks of this
ity for the past week is decidedly unfavorable t.
return of monetary ease. The legal tenders
how decrease Of IS, l20,4S6, the deposits Of | ,
l04 800 and the loans of 81 2l3 264, while in the
pecie there is an increase of 81 066 943, and the
regulation an Increase of s59,272. The liabilities
the banks in deposits and circulation aggregate
ZIG 2Ol ,757, the legal reserve of twenty-five per
emit upon which would be s54, $50 439. or s2'4 y
Il in excess Of the amount of legal tenders ac .
Tally held. The specie ought not to be counted
with The legal tenders, but there Is reason to y
G leve that 1t frequently is, and hence II is uncer
I'm how far 1t can be relied upon as a separate =
'source.. The totals of the last two statements
re as follows:
pans .S263 57elS3 s262 3f5 $50 Il
'eecie.. ..-..-....-. 9b53653 lD620.526
lcol.uVh..s' 5t,Iy3 s55 A.Z53 40 r
looOoo cfl l5l,9455f7 |