The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-18
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UEnsonsr oTrIox. NO. ~ o1xp sfKxsr,
Friday Evening. April IL. 1858

OEnsonET OBFIUN. NO. ~ OLEP efKxHf, 4
Friday Evening. April H. 1858 \
Nothing has transpred since the close
of our review of the l4th instant to
materially alter tthe condition Of the market.
Currency has steadily increased at bank and in the
hands of private capitalists. Applications for
loans and discounts have rapidly diminished, and
owing to the scarcity of commercial offerings op-
portunities for investment in either Foreign or
Domestic Exchange have been Of an unusually
restricted character throughout. Rates Of Money
have undergone no change, however, and we still
quote 8 y cent per annum at bank ard lGl4 y
cent. per month out Of doors for short gilt edged
paper, and l0@l2 b cent. per annum for long
dated notes secured BY strictly Al city mort
gage.
GOLD AND euvER-with more limited demand
for shipment to the interior and payment of da-
ties, operations in Gold have disclosed cOnside-
rsble falling of during the past week. The offer
ing supply was at no time heavy, however, and
despite the frequent huctuation in rates at New
York, prices here have been generally well main
tanned at l3023 points above those OF the former
city. Offerings of Silver have exhibited no in
crease whatever, and the few lots thrown upon
the market found buyers at l354@l363 for Ameri-
can halves and quarters and l42@l43 for Mexican
dollars. Operations to-day comprised only the
annexed amounts, viz $1,000 $1,000 aud $4,000
Gold at 1884. $4,000 do. at l39a, $4,000 at 1910
1885, and SIS 900 at 1884,. Sales Of Silver have
been confined to dribets, and we now quote Gold
l3s3@l3S3. American Silver coin l36@l364, and
Mexican dollars l42@l4S
FOREIGN ExCHASGE-0wing to an almost total
suspension OF operations In Cotton for foreign
account since the date of our weekly summary,
the supply of Commercial Sterling aud Francs
has been at no time better than nominal. The
demand on the part OF remitters was correspond
iDgly light, however, and rates have exhibited no
alteration till near the close of the week, when
they assumed increased frmness. Actual sales
to-day are confined to the appended amounts.
viz: $500 Al commercial Sterling at Isl. $500
bank do. at l53 small lot of commercial Francs
at 3.T23. 100000 do. at 3.75 and Is ,000f. bank
Francs at 3.7lf. We now quote bank Sterling st
l52@l53, clear bills at l5l@l52 bill of lading
bills at l500l51, bank Francs at 3.7O03 67bf and
commercial do. at 3.76lG3733f.
Domestic ExcHAS6E-Inactivity has been the
principal feature of the movement under the
above heading from the opening to the close of
the week. Offerings Of commercial sight and
short sight have been Of an exceedingly restricted
character throughout, and although the remit
lance demand was at no time active or general,
quotations have been very firmly maintained both
at bank and on the street. Transactions by banks
and bankers to-day embraced only the subjoned
amounts, viz: $4,000 and $40 900 New York sight
at I b cent. premium; 1000, $4,000 aud s25.-
900 do. at II cent. premium; $40 600 one days
sight and $l3, 900 three days at I y cent. pre-
MUM. We still quote J q cent. premium at
bank, and .{@g 4cent. premium out Of doors, for
sight checks on Northern cities.
2 UNCURRENT NoTEs AND SECURITIES There is
still considerable incerttude as to the future of
City Notes, and Notwithstanding the destruction
Of the plates and the prospect Of q speedy with
drawal of some fifty per cent. or more Of the
notes now outstanding, the public seem to have
lost all confidence in them, and the daily Offering
supply continues largely ID excess Of the demand.
At the same time operations In Louisiana State
and Bank of Louisiana notes remain wholly sus-
pended, and the movement in any class of Secu-
rites cannot be regarded as better than nominal.
The following are the only sales of any kind re.
ported to-day. viz: $1,000 and $1,000 City Notes at
300 y cent. discount; $40 900 do. at 80 y cent.
discount and 100 shares Canal Bank at $l5.
SPECIAL D1sPATcHBs.-We are indebted 70
the Western Union Telegraph line for copies of
the following private dispatches received over
that route to-day. viz; 1ir ~ a
Ne,o York. Aprl lilo A. M.--Gold opened at
1884. l0:45 A. M.-Gold 1885,. Cotton market
quiet but steady. Sterling. ll00llO3.
Liverpool, april l7-ll:l5 A. M.-Cotton market
declining; estimated sales 5000 bales; uplands
IBID. Orleans l2ld. Sales of the week Sc, 900
bales. For export l7.00O bales; to spectators
6000 Stock 407, 900 bales, Of which 2S3 900 bales
are American. 1:20 p. M-Cotton declining
quotations Dominally unchanged.