The New Orleans crescent., 1868-03-14
gsm @rIsans yaoner E,arAei.


Friday Evening. March l3 1854 !
Steadily increasing esse ia stlli the most promi-
ueut feature Of the movement in financial cIrcies
Money Is abundant both at bank aud 'iu the
hands Of private capitalists. The demand Cor ac
commodetOD shows steady diminuti0n aud rates
OF interest and discount have undergone no alle.
ration whatever during the past week. IN the
present inceritute OF political affairs, most par
lies who are able to meet their accruing obiiga-
tioDs feel satisfied without venturing to borrow
for the purpose Of facitafiug ue1 euierprises
whilst holders OF money appear wiling to let it
remain dormant rather than lower rates or invest
IN doubtful securities. We therefore continue to
quote . cent y ennun at bank, aud l1ei4 y
cent q montk out Of doors for short, CIit-edred
paper, and l00l2 y cent. per annum for long
dated notes secured BY strictly frst-class city
mortgage. ll..r.e ~
GoLD ASD SILvER.--The Gold market has been
rather inactive from the opening TO the close of
the week. and although rates have daily exhibited
Ecme iuctuati0ns, prices have well kept uD
throughout. Silver has continued in bat barely
nominal supply and demand during the week az
l346il36 for American halves and quarters, aud
l42@l4l for Mexican dollars. Sales to-day CON.
rrned the annexed amounts. viz $4,000 at l4Ol;
$4,000 at liO4@l40t; $1,000. 5000. $1,000 5000
end sls 600 at l4l $1,000 and sl5 900 at l4li and
$1,000 at lil Sales Of Silver have been confined
TO dTiplets, and we now quote l40{1lH for G Did
l35@l36 for American Silver coin, and l42Gl43
foJ Mexican dollars.
FoEncS EXCHANGE The daily movement 10
Sterling and Francs has disclosed 4 marked d.
ninutiCn since our last weekly summary, and
rates have for the same time shown a steady de-
probation. As purchases OF cotton for foreign
account have been restricted throughout, the
supply If all classes Of bills has exhibited ANA
tefia falling or, but the demand having abatsd
10 aB equal ofgreater extent the offerings have
almost invariably been in excess Of the Inquiry.
Tie movement since our last has been restricted
20 I'll Ot0 Sterling az l5l30l523 $1,000 do at
1929. and IS 000f.. l00h00f and 200 O00f. CONNER
oial Francs at 3.72lf The closing rates this even.
ing were l5S0l53t for bank Sterling; l5llgl52
for clear bills l5l0l5l3 for bill Of lading bills
3.7O03.6sgf for bank Francs, and 3.7503.72af.
fer CONNER ,ia Francs.
DoMEsTio ExcHANGE-Rates Of sight aud short
sight on the Northern cities have materially
advanced during the past week. Offerings Of
commercial have been very light throughout. as
operations IN the leading staple for the Northern
and Eastern markets have been almost wholly
suspended, while the remittance demand has
steadily Increased and rates have Improved from
3@3 - cent all round, as will be seen by the
figures below. The purchases by banks and
bsnkers since our last nclnced only the appended
amounts. VIZ: sl5, 600 and $4,000 New York
sight aipar, s35 900 do. at par1ll6 p cent. pre-
Mum, $4,000 and s75, 600 do at l6 y cent. pre-
MUM, s25 coo do. at par9t u cent. premium,
and s25 600, $4,000 and $40 600 do. at u cent.
premium. The ruling rates this evening were I
T cent. premium at bank and parcel u cent. pre-
MUM out Of doors for sight checks on the North
err cities.
UNcunEST NorEs AND sEcuR1rrEs-Th trouble
under the city currency heading appears to in
been offered by the municipal authorities aud by
private parties during the past week, purportng
u toameliofate the present stringencY, but ehsc-
tive arrangement has yet been developed aud as
the public have no confidence whatever ia the
rectitude Of the present local administration, it
hardly necessary to state that any further move
ment the part OF that body but tend to render
the issues Of the Crescent City utterly worthless.
Some few operations have been carried through
to-day under the impressio that the banks or out
side responsible parties intended 10 take the mat
ter in hand, however, but this Affords no guarantee
for the future enhancement or depreciation OF
City fotes. We annex particulars Of the days
transactions as follows, viz. $4,000 small notes OF
253 y cent discount; $4,000 do At 25926 u
cent. discount; $1,000, $4,000 and 5000 do AZ 2j
~ cent. dis cunt; $4,000 do at 260254 ID cent.
$1,000 Go. at 2C4 u cent discount; $500 do. at 27
~ cent discount; and $500 do. at Is 3 cent. dis
count. Sales Of Stocks have been limited to 20
shares City Railroad Company at l75.
BOARD or Brokers The following sales were
recorded st the Board Of Brokers last evening:
$4,000 Gold at l40! 80 shares Crescent City
Railroad at lo3; 81 shares Merchants Bank at
2lA; 70 at 81 so at 2lt; 70 and 40, buyer ten
days, at %; Louisiana State bond, old skies, at
81; 1000 small City notes at 70 y cent discount;
$1,000 at 22l u cent. discount.
SPECIAL DIsPArCHEs.-We are Indebted to
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day, viz:
Ne0 York. March 1910 A. M-Gold
opens l395. IL A.. M.-Gold 1891. Cotton mar
bet dull; holders anxious to realize. Nomioally
Middng 25c.. Mobile 25ac., Orleans 2sc. Ster.
ling lO93@l09I. II M.--God 1891. Cotton mar
ket dull, tending downward. Nominally Uplands
2It@25c., Mobile 25025ac., Orleans 254Qe26.
Surfing steady. ESQ P. h-Goid lSst. Cotton
market weak; demand moderate. Sales 1900
bales. Mddlings 2ll025c., Mobile 25G154c., Or
leans 253026. Sterling steady.
LfueTpool, March l3-1l:l5 A. M.-Cotton mar
ket QUIET Estimated sales 10000 bales Up
lands lOid., Orleans 1Old. Sales of the week
81 coo. For export 5000 bales; for speculation
4CO0 bales. Stock on hand 3l9, 900 bales, of which
$4,000 are American. P. M.-COtton ahoat
lO1d. Others unchanged. Stock on hand COO
bales.