The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-11-07
Hem Orleans Sftunep sflarhet.
cH.scrs. oyyIcs, No. 81 o.xr s,sxrr.

OEESCxIT
ferrsr Friday Evesng Nov 6. 1858 !
Increasing ease h the most notice able feature OF
the none market The recent heavy sales Of cotton
have largely augmented the supply of currency,
and the demands for accommodation have been
diminished to On extent that could not have been
anticipated even few weeks ago. Short choice
business paper lie now in request, both in and out
of bank, and long dated notes secHred by AL city
mortgage are much more sought for than hereto
fore. Rates have not yet undergone any quotable
variation, however, and We again repeat previous
figures a. follows. viz: s u cent. ~ annum at bank
and lGal " cent % month out of doors for
short ent-edged paper, and l00n y cent. y
aDnum for lorg dated notes secured by strictly AL
city mortgage.
GOLD AND SILyER-The movement under this
heading has exhibited continued irregularity In
rates. Gold hiss been In ample supply and mod
efate demand throughout, but owing to the FREE
quent. aDd at times, heavy fluctuations in rates at
New York. prices here have been very unsettled.
Transactions 10 Silver have been very light rates
generally ranging from itCGz points below Gold
Tor American halves and quarters, and 2st93 y
cent premium on Gold Tor Mexican dollars. OPP
erations today have been quite heavy aud COM
pIse the following amounts, viz: $1,000: $4,000.
SooOO. sioOOo ana sil wv Gold at 1855 $500 DO.
AZ 1884 s5ooo soVoo, 80 VOV sou wv and 500. 600
and $1,000 600 and SOS 900 do. at 1927. Sales
OF oliver embrace siOOO American halves at Isl.
we BOW quote Gold lS34DlS4 American Silver
com l3loGl5z and Mexican dollars l363Dl313. .si
foRHlGs ExcHANaE-We have to report quite
an active but very unsettled market under this
neaoing' Onerings OF Commerclai STERLING and
france OWING 10 incresseu saies OF cotton TOT
foreign ports, pave exmpied materiai increase,
ana the oemspo mas SHOWN STEADY Improvement,
out fstes' owing 10 the ooWn~srd movement OF
Cold aod bhs IN new YORK nave been irregular
ana cecininR throughout. To-day tnere mas been
further decline In rates, and transactions em
brace the annexed amounts, VIZ: $500 aud $500
Bank STEERING at l454, fS00 aud fl0OO do. at l444.
o. A.. COmmerc1dl o. q
l44t, faOO0 Bankers do. at IA, flO00 and $4,000
Al Commerclal 90. al IA, f30O0 and fS000 do.
AT l45t, f65O0 DO at i43CG l434, tf3500 aud $4,000
DO: at l43 and tiOOo 90. at l42 so 0VOf. and ZOO
oOOi prlva,e bankers francs al OU0f DO.
at 3.91sf., 60OO0f. ,000f. and 75,OOOf. Al Com
mercial do. at 8 95f, and lOO, and 200 door.
DO. at 3'964. We now quote bank sterling l44f@
145, commercial 90. i4zsSg i45t, Bank Francs
3.954f. and commercial DO. 3.964DS 95f.
DOMESTIC ExcBANGE-The movement under this
heading, curing the nrst three days OF the past
week, exhipied signt lei up 10 prices, ouf since
wednesday, owing 70 light offerings. rates have
renamed steady, although the demand has at no
time disclosed any special Improvement Total
purchases to-day Dy banks and bankers, embrace
the following amounts, viz $4,000 New York
bank sight $4,000 private do, $1,000 5000,
S3OOOO and % 700 Al commercial do. at u cent
discount. $1,000 and $40 900 do. at ZIG 5cent. dis
count s2l 600 do. at y cent. discount. SIS 600
fifteen days New York sightat q cent. discount
and $4,000 thirty days do on Boston at IL u cent
discount. We still quote 4gs " cent: discount
at bank and l@5 S-cent. discount out OF doors
for sight checks on Northern cities.
UEcURREST NOTES AND SECURITIES There is still
great irreguisrity and want OF confidence mani
tested IN all classes local securities.
Uncufreni notes or city and State promises t. pay
are held, II anything, with less hope OF prompt
and full redemption than heretofore, while even
the better descriptions OF stocks and bonds con-
tinue partially or wholly neglected. It passing
strange that no equitable plan can be devised for
the absorption OF the present outstanding city
shinpaster issue, which Is the first and most i'm
portant duty OF the two aldermanic boards, but IL
is nevertheless too true, and, judging the future