The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-16
gem Orleans Muntg @arkft.
Cxxscxsr OFFICE. No. ~ Carr srxxzs,
Tuesday Evening, Dec. Is. 1853

CRRsCESr No. ~ CANT SrREHR.
Tuesday Evening Dec Is 1883 I
Monetary affairs progress precisely as for sew.
eral weeks past. With prompt payments ct bank
and large collections by our leading business
houses, currency continues to accumulate, while
the demands for accommodation ss steadily dimin-
ish. We have yet no quotable alteration to
report in rates of interest or discount. how
ever, and therefore repeat previous figures,
as follows, viz: q cent b annum at bank and
l@l4 - 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. "
GOLD AND SrLvER-The specie market has been
quite inactive since the date Of our last review
and there has been no speculative movement at
any time noticeable either on the street or at the
brokers' board. Gold has been In fair supply,
however, but the demand for 1t was at no time
better than moderate, while quotations ruled
much steadier than heretofore. Operations IN
Silver have been confined to driblets ct l3G2
points below Gold rates for American halves and
quarters. and 2a@3t y cent. premium on Gold for
Mexican dollars. Sales to-day $1,000. 5000 $1,000
$40 900 and $40 900 Gold at 1851 aud $4,000 do.
at 1857. We still quote Gold al 135t@l352. Amer.
icsn Silver coin al l3i0l34a, and Mexican dollars
at l37@l3s.
FOREIGN ExCHANGE-The movement under the
above heading. like that of Gold, has been of re-
stricted character throughout, from the opening
Of the week up to the present writing. Offerings
of commercial Sterling and francs have been
ample. but the inquiry was of less pressing
character than heretofore, although rates were
uniformly we'll m intained, owing to the frmness
of quotations at New York. Sales to day fl50O
bill of lading sterling at l455. $4,000 AL clear
bills. In lots, at 147 and IS DOOR. bank francs at
S.s6lf The closing rates this evening were l474
@l47i for bank sterling l46l0l46l for CONNER
cisl do, Is. lots SIS fer bank francs, and 1885,
03.S7A for commercial francs.
DOMESTIC ExCHASGE-Tr ansactions in Domestic
Exchange have been light during the past three
days, and the movement slightly inclined 10 favor
of buyers. The supply of commercial sight and
short sight has been fair throughout, but at no
time heavy. while the remittance demand was of
limited character from the opening to the close.
The purchases by banks and bankers to-day in
cluded the following amounts, viz $50, 900 New
ork sight, in lots, at 9-l6@s per cent. discount
$50 900 do. at per cent. discount and $40 900 ten
days Cincinnati do. do. at IL per cent. discount.
We continue to quote l@3 q cent. discount at
bank and 9l6@1l.l6 " cent. discount out of doors
for sight checks on Northern cities.
UNCURRENT NoTEs AND SEcURITIEs-There has
been a fair, and at times active movement no
ticeable under the above heading during the past
three days, accompanied with the usual fuctua.
tions in prices. Owing TO the rapid accumulation
of currency in public and private hands, however,
and the scarcity of other remunerative invest
ments the tendency Of all classes of Securities Is
decidedly upward, and most favorite descriptions
are even now held at prices above the views Of
general buyers. Having in previous articles fur
nisbed full reports of sales and prices it is only
necessary at this time 70 annex particulars of the
operations to day. which we do as follows. viz /:
sl5, 600 City Notes at 393 y cent. discount $4,000
do. at 39l u cent. discount, $4,000 past due State
coupons III &c. $500 city ten. per cents at 49, and
0,t00 Louisiana State warrants at 69QG70. At
the Brokers' Board last night $1,000 new city con-
soidated bonds sold at 643, $1,000 city notes at
39s per cent. discount, and $1,000 do. at S9l -
cent discount.
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 15-10A M.-Gold opened at
1884, 1890 A. M.-God 1854. Cotton quiet but
steady. Sterling 1898 @llO1. IL M.-God 1861.
Cotton quiet and steady mddling 25@254c., Mo-
bile 25l@25ac., ard Orleans 25t@25}c. sterling
steady. P. Mold closed at 1861. Cotton
market quiet but steady. Sales 1900 bales mid
ding 25@254c., Mobile 2540254c., Orleans 2530
262c. Sterling steady.
liverpool Dec. 15-ll:l5 A. M-Cotton dull
tending down. Estimated sales 5000 bales up
lands l02d., Orleans lid. I:20 P. M-Cotton
market easier. but not quotably lower. Estimated
sales s, 900 bales. p. M.-Cotton market dull !;
Prices tending down. Sales to-day 5000 bales.
UplaDds 1850.
London. Dec. Billie A. M.-Consols 92i992,
520s, 74l LEO P. M.-Consols 92l1929.
HdUre. Dec. ia. M.-Cotton market dull.
Tres ordinaire l.26. Noon.-Cotton declining.
Prices nominally unchanged.