The New Orleans crescent., 1868-12-05
Ehs Ban Grlsa,ls 6gtsstfnt,
SATURDAY MORNING. DECEMBER 5, 1868.
Aeu Orleans ,Nlonep Markct.
CRKscEsr OFFICE. No. "a CAxr STREET, l
Friday Evening Dec l. l862

CRKscESr OFFICE. No. 81 CANT SrRKrf,l
Friday Evesing. Dec T. 1863 !
Continued ease is still the principal feature of
the Money market. Currency continues abuud-
ant, both in and out of bank, while the demands
for accommodation on the part Of business men in
good standing are daily diminishing, and private
parties find il impossible to invest more than a
fraction of their surplus capital in desirable long
dated or mortgage securities. At the same time
local stocks, bonds, etc., attracting considera-
BILE attention, and some heavy operations have
been effected in them during the past few days.
Rates of interest and discount remain nominally
unchanged. however, and we would again repeat
previous quotations as follows, viz: u cent. y
annum at bank and l@ll u cent. Il snnum out of
cent. per annum for long dated notes, secured
by strictly AL city mortgage.
GOLD AND SILvER-The specie market has been
generally inactive but steady throughout the past
week. Gold has been in only moderate supply
and demand at any time, while rates have Uniform
ly ruled closer to those of New York than hereto
FORE and the latter have exhibited fewer and
lighter variations than usual. Offerings of Silver
have continued restricted and the few lots offered
for sale found ready buyers at l612 points under
Gold rates for American halves and quarters, aud
2@23 " cent. prem. on Gold quotation, for MeXi-
can dollars. Operations to-day embrace the fol-
lowing amounts viz: $500 and $40 600 Gold at
1876, $4,000, 5000 and OOO0 do. at 1851, $1,000,
$40 900, $50 600 and $50 900 do. at 1851 and $l5,
900 do. at 1885, $4,000 and $4,000 do. at l34. Sales
of Silver comprise 1000 American halves at 1929.
ana we now quote GOld 1000 1884, American silver
coin l33@l332 and Mexican dollars l37k0l3S.
FOREIGN ExCHAHGE-The movement in Sterl-
ing and Francs has been unusually heavy during
the week ending this evening, and prices,
on the whole, have been very well maintained.
Offerings of commercial bills were liberal through
out, owing 10 the large purchases of Cotton for
the European markets, and the demand has been
more general and extensive than for some time
past. Transactions to-day comprise only the sub
Joined amounts, viz $1,000, aud flOOO bank Sterl.
ing at l465 $500 do. at 1853 fl500 and $4,000
Al commercial do. at l469@l46B $500 and $4,000
do. at 1865 10000 do. at LAG $1,000 and $4,000
do. at l45l, and 5000 do. at l45S 100 000f, $780,.
OOOf and 200 000f AL commercial francs st S73f.,
and 100 0eOf and 50,00Of. do. at 3.sslf. We now
quote bank Sterling at l463Gl47. commercial do at
l45l@l464, bank Francs at 3.s7493.S5f., and CON-
mercial do at 3.SS}G3.S73f.
DOMESTIC ExoHANGE-Oferings of commercial
sight and short sight have been more than ample
for the week under review, and with but moder
ate demand at best rates have slightly receded
from the quotations of Friday evening, the 9th
ult. Total purchases to-day by banks and bank
ers comprise the annexed amounts, viz: $4,000.
$40 600 and $4,000 New York commercial and
bank sight at J u cent. discount; s25 900 and
$50 600 do. at 81 ~ cent discount; $40 600 and
$40 600 do. at 9l6 Il cent discount; 600 and
s25 600 do. at u cent. discount $4,000 five days
do. at ~ cent. discount, and SIS 900 ten days
do. at u cent. discount. We nov quote 514 ~
cent. discount at bank, and s9lll6 u cent.
discount out OF doors for sight checks on North
ern cities.
UNCURRENT NoTEs AND SECURITIES Es-There has
been vastly augmented movement in uncurrent
notes and securities during the past week but
prices of the principal operations have been scru.
pulousy suppressed under q vague impression
that such knowledge generally disseminated would
lead to a speedy imitation. The contrary course
would, probably, have been the better one, how
ever. for buyers, who have not yet completed
their orders, as suppressed quotations are gen.
orally supposed to mean higher rates than the
usual ruling ones and sellers govern themselves
accordingly. Ii is hardly necessary to add, in this
connection, that the tendency all round is still Hp
ward, or that the heavy surplus of dormant capt.
tai in our city is fast finding absorption in this
class of investments. The actual sales to-day
| prised the following lois, viz: les shares Bank
New Orleans at s3S. rs at s37 so, 100 shares Cres
| cent City Bank at s25, 25 shares Mechanics and
Traders Bauk at s4S so, 1913 shares Opelousss
| Railroad at 81 s74, 1000 do. buyers option 60
days, fat at 50, 100 shares Louisiana State Bank
| at s22 so per share $1,000 city 10 per cent bonds
| at $780,, $40 500 do. at 74c.. $1,000 and $500
Louisiana state warrants at 6S3c., and 500 do. at
| CSC. " dollar.
SPECIAL DIsPArcHEs.-we are Indebted to the
| Western Union Telegraph Line for copies of the
following private dispatches received from that
| route to-day, viz:
Nelo York. Dec. 40 A. M.-Gold opened at
| 1854. 1880 A. M.-Gold 1867. Cotton market
quiet and weak. Prices not quotaby lower /.
Sterling l092@ll0. l2M.-Gold 1856. Cotton
dull and y-middling 24lc.; Mo-
bile 25c.; 0rlesns2 &c. Sterling steady. Bpm
Gold closed at 1853. Cotton market dull, but de-
msnd moderate. sales to-day 1000 bales. Mid
ding 24ic., Mobile 25c., Orleans 254c. Sterling
l09S@ll0t.
Liverpool, Dec. 4-1l:l5 A. M.-Cotton quiet.
Estimated sales 10000 bales; uplands ll4l.,
Orleans ll5d. Sales of the week s5,0 900 bales !;
for export % 600, to Spectators IA 600. Stock
on hand 36S 600, of which 1000 are American.
l:20 P. M.-Cotton market quiet; prices unchapg-
ed. Cotton afloat, 254 900 bales, Of which rs 900
are American. P. M-COtton dull-tendi0g z
down. Sales to day 900 bales. Uplands ii ID;
Orlesns ll3d. !
HdUre, Dec. 4-Noon-Cotton market unchang.
ed. Tres ordinaire l.32.