The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-10
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The revolutionary movements progressing at
Washington still tend 10 unscttle financial affairs
generally, and the distrust with regard to the fu-
thre, which commenced with the radical men
dacity of impesching the president, surges and
expands from the center to the circumference of
the country. But In the language of Goldsmith:
Princes and kings may flourish or may tads-
erss. may make them as = breath has made;
when dssIo,sd can never Be supplied
In our case we do not apprehend the last dread
alternative, although the Infatuated radicals N az
yet drive the sober minded citizens of this repub.
lie to desperation.
The money market to-day has disclosed no
marked alteration Of any kind. offerings Of
capital were ample throughout, but the demand
for accommodation has been of restrictei
character from the opening 10 the close Of busi
ness, but no variation whatever has transpired
In rates, snd we sun quote u cent. p annum
at bank and 10ll b cent. y month out Of
doors for short gilt edged paper, and l01l2 b
cent. per aunum for long dated notes, Sc
cured by first class city mortgage.
-GoLD-Ne have to report decline in Gold to-
day. owing 10 falling of Of rates In the Nes
York market. The opening rate in the former,
to-day, was l40t, against l40l, the closing figure
Saturday evening. At ii A. NJ. il was quo ed at
1899 st IL NJ IL ruled at l402, and at ESQ P. u
stood at 140t. The demand and supply in this
market have been OF but barely moderate cha.
acter to-day, and the total actual sales COM
prise only the appended amounts, viz $40 600 at
i40I $1,000 at lloa 5000 at the same SIS 900
at l40{Gll4l4; 5000 at l4l $1,000 at l4l{ 5000
at l4lg $500 at l4lt, and $1,000 at l4l4. Sales
Of Silver included 1900 Mexican dollars at ll2t,
end some trifing lots of American Silver coin
within the range Of our quotations, which now
rule as follows, viz: Gold l4l49lA3; American
Silver coin l330l34, and Mexican dollars l4l3
@l42s.
FoREIGS ExcHASGE--The decline in Gold to
day has result ed in reduction in the rates Of
Sterling and Francs. The market was amply
supplied throughout, and the demand was barely
moderate from the opening 10 the close Of bust
hess. We append the principal sales as follows.
viz $4,000 bank Sterling at 1927 $3.50 do. at
1929; f2000 and $4,000 Al commercial at 1924;
f2OO0 at 1921 $1,000, f3000 and $4,000
at l52; $1,000 1880 and $4,000 bill of lsding
Sterling at 1911; fl500 do. at 1915 f3000 do. at
a. 1875 10000, 900, 10000 and 10000
at 1871, and 100000, f25 900. 10000 and
10000 at f3 72A. The closing rates this evening
were f.S 70Gf.S.6sl for bank Francs aud f.3.750
1924 for commercial Francs.
DOMESTIC ExeHANGE-The movement under the
above heading to-day has disclosed creasing
frmness sll round. The market has been but
moderately supplied with commercial offerings, as
the recent sales Of Cotton have been almost ex-
clusvely for foreign account, while the remit
lance demand has been at no time active, and the
total purchases by banks and bankers have been
confined TO the subjoined amounts, viz: f25 900,
$25 900, So, 900 and 500 900 bankers sight at
~ cent discount: $4,000, $50, 900 $50 600 and
$4,000 do. at 9-l6 q cent. discount; $4,000 do.
All q cent. discount; $4,000 do. at lll6 b cent.
discount; $40 600 on Providence at Z u cent.
discount; 5000 on St. Louis at l. y cent. dis
count $4,000 ard $40 900 five days at I u cent
discount, and $4,000 and $4,000 ten days at l D
cent. discount. We still quote 2(14 b cent. dis
count at bank and 9-l60il-l6 = cent. discount
out Of doors for sight checks on the Northern
cities.
UScuKRENT NoTEs AND SECURITIES There has
been marked improvement noticeable in city
Notes O-d8y. The Offering supply was of much
less pressing character than heretofore, and the
demand although still restricted has been Of de-
eidedly more liberal tenor. The purchases in
cluded SIC. 600 small city issues at l4a u cent dis
count, sl40 600 do. at l4s Il cent. discount, $4,000
and $4,000 at l64 u cent. discount, $4,000 do. at
153 n cent. discount, $4,000 and $1,000 do. at l6 "
cent. discount. $1,000 large do. at Ia. and 5000
Louisiana State Notes in lots at 4SG52c. ~ dollar.
Transactions in Securities have been confined to
80 shares Canal Bank Stock at SO.
sYECIAL DIsr ATCHss.-We are indebted TO
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day. viz:
helo York, March 9-10 A. M.-Gold 1894.
Cotton market very firm; holders asking higher
rates; middlings &c.,, Mobile 263c., Orleans &c.
Sterling l09l0ll0t. IL M.-GOld l4Oa. Cotton
demand fair; prices firm; frmness restricts sales;
middlings &c.,, Mobile 265c., Orleans 27c. 2:30
p. E.-Gold l40t. Cotton demand fair; prices
firm; sales 5000 bales; upands &c.,, Mobile 263c.,
Orleans &c. Gable news caused buyers to with
draw from the market.
liverpool, March g. ll:l5 A. x-Cotton market
buoysnt; estimated sales rs 600 bales; uplands
l04d., Orleans load. 1:2o P. h.-COtton irregular;
sales to day rs 900 baies quotations unchanged.
P. M.-Cotton market frm; sales to-day 10000
bales; uplands let@lO3d., Orleans lO4d.; Cotton
London. March 9-1:l5 A. m.-Consols sal.
5-2Os 7ll@7ll. l:20 P. M.--Consols 93093t; Dos