The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-08
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Friday Evening. August 1893 !
There is scarcely ripple to notice in the move.
ment of the money market proper since the close
OF our review, July 3lst. Currency has been
abundant throughout, both at bank and in the
hands of private capitalists, while the demand for
accommodation has exhibited but little increase
at any .ime, and the daily maturing obligations
though met with accustomed promptitude, uni.
formly disclosed steady falling of as compared
with previous returns. No quotable alteration has
trsnspired in rates Of interest or discount from
the opening to the close of the week however,
and We still report the governing figures for the
past several months as tine ruling rates this even
ing, viz: per cent. per annum at bank and l0l4
f,cent per month out of doors for short gilt edged
paper, and l0@l2 y cent. q month for long dated
notes secured by strictly Al city mortgage.
GOLD AND SmvER-Rates of the precious
metals still continue in favor of holders and sell
lers. The New York market tends rapidly up
ward, and the prospect of still higher prices is
certainly not discouraging. The daily movement
in this market is of very limited character, how.
ever. as the supply and demand continue restrict
ed, but the recent variations in quotations have
been unusually heavy. Sales Of Silver exhibit
but little If any material alteration, as offerings
are still very light, and the few lots placed upon
the market usually change hands at 304 points
below Gold rates for American halves and quar-.
tiers, and 3(G4 Il cent. premium on Gold rates for
Mexican dollars. Operations to-day embraced
the following amounts, viz: $1,000 early in the
morning at l49A, $23 900 and 81, 500 do at l49,
$1,000 subsequently at 1881 $1,000 and $4,000 do
at l4S4, $1,000 do. at 1881 S42 900 do. at l4SI snd
500, 600 do at l4s@l4s4. Nothing reported in Sill
yer. We now quote Gold at l4S@l4SA, Ameri.
can Silver coin at l37@lS79, and Mexican dol.
lars at l50@l50a.
FOREIGN ExcHAYeE-Owing to the almost I'M.
paralelled stiffness of the Gold market Sterling
and Francs have been very firm during the past
week. With constantly diminishings purchases of
produce for the foreign markets the supply Of
commercial bills has become almost wholly ex-
hausted, while the inquiry on the part Of remit
tiers has exhibited a CORRESPONDING, or perhaps
greater abatement all round. Transactions to-
day comprise f40O bank Sterling at les; 80, O0Of.,
50,000f. bank Francs at SAG; rs, 000f private
bankers do. at 34S3 We now quote bank Sterl.
ing l63@l634 clear bills l62@l624, bill of lading
bills l6O4@l6l, bank Francs 34Sl@3.47t, and
commercial 5240l3.50.
DOMESTIC ExcHANGE-We have no marked al
iteration of any kind to refer TO in the movement
under the above heading during the past
week. offerings OF Commercial sight and short
could not at any time have been regarded as much
better than nominal while the remittance demand
was for the most part wholly restricted. Rates
have undergone but little If any quotable varia-
ton from the opening TO the close OF the week.
Purchases to day by banks and bankers embrace
the following amounts viz: $4,000 and $40, 900 New
York sight at % cent. premium, $1,000, $4,000 and
$33 600 do. at u cent. discount and $4,000 bank.
ers do. at 7l6 ~ cent. discount. We still quote
u cent. premium at bank and Ia! b cent. pre-.
MUM out of doors for sight checks on Northern
cities.
UScURRENT NoTEs AND SECURITIES classes
of Uncurrent Notes have been inactive through
out the week, and rates have undergone no mate
rial alteration at any time. There was some
movement in Levee and other State Bonds at
rather frmer prices during the first few days, but
subsequently the demand fell off and prices re-
lsxed. Transactions in Stocks have been, as
heretofore, confined to a few fsvorite classes
including those of the Bank of New Orleans, at
very full prices. During the week the Citizens
Bank declared a semi-annual dividend of per
cent, payable on and after the 10th inst. Opera.
tons to day under the above heading comprised
only the appended amounts, viz: $1,000 city
notes at $50 ~ cent discount $4,000 and s28 900
do. at 49, s35 900 at 34 $500 sl7 900 and $50 900
do. at "a % cent. discount, and $l00 900 Louisiana
State notes at 643 y dollar.
SPECIAL pIsPArcHss-We are indebted to
The Western Union Telegraph line for copies Of
The following private dispatches received from
that route to-day. viz:
Eet1 York Aug. 10 A.M.-Gold opens 1881.
1880 A. M.-Gold l47t. Cotton dull and nominal;
niddlng 29c., Mobile 2s4c., Orleans 29ac. Sterling
nomiDally unchanged. Sterling steady. Pm.
Gold l40l. Cotton dull and nominal sales to-day
500 bales; middling 299c., Mobile 29lc., Orleans
SOC. Sterling steady.
liverpool, Aug. T-ll:l5 A. M.-Cotton market
steady; estimated sales 5000 bales uplands
for export H. 900 bales; for speculation 5000
bales. Stock on hand 5sl 900 bales, of which
20S 600 are American. l:20 P. M-Cotton market
quiet and unchanged. Cotton shost 767 900 bales,
Of which 5000 are American. 8 P. N.-Cotton de.
clining; sales to-day 10000 bales; uplands 9id.,
Orleans 9Ed.
London, Aug. fills A. M.-Consols s46slt
for money; 94t@944 on account. 5.20's 70E. l:20
P. N.-Consols s3B@94. 6.2Os III.
To-. MI fNaUA In Nm