The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-06
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= ednesdBY BgoninE. Feb D, 1868
We have no material change to notice In the
money market. The increase in the deposit line
of the banks, and the payment made at their
counters have materially increased their available
means In fact, their supply u idle funds ex
ceeds the domsnd, and they are free lenders on
good securities whether strictly business paper,
accommodation notes secured by satisfactory
collaiersls. At the same time, although DESTROYS
OF employing all the means at their command
tley will accept none bat Al paper. On the street
good notes. secured by solid cOllaterals can be
readily negotiated at l6Dli and y ~ cent per
month, ard mortgage paper at l26tl5 z cent. per
snnum. Exceptional Transactions In the latter
have occurred at lC Il cent. Among the indica-
tons Of increased ease in the market We notice a
more active moVementin Stocks. in some cases at
advanced rates.
Gold opened at I39IGI4O, and after some a1o-
tuauoLs, caused by the course Of the Ne" York
merket, closed at 40 The sales include $1,000
5000, 5000. 5000 and 81 900 az 1891; $1,000 at
1891, and $1,000 and $1,000 at l40. In Silver We
noticed sales Of $1,000 IN American half dollars at
1924. At the close American half dollars we're
quoted at l324Gl33 and Mexican dollars at 1880
1894.
We notice but little variation in Foreign EI-
change. II anything, the advantage was on the
eide OF the buyer, but with hardly any quotaols
decline. The sales OF Sterling included mo .
rate amount of bills Of ladiRg at 1924; $4,000 at
1921; $1,000. E2500 and further amount at 1921;
4l2O0 at 1921; 1900 At 1925 for Gold; fl500 at
bank al I544 !, and $500 bank sight al 1876. Ster-
Ing may be quoted At l524Dlj2} for Al bills Of
! ding and clear; l509l535 tor FIRST class and pri
Vate bankers, and l5IGSl5i4 for bank; Anl
Francs at 3.72A03.70 for Al commercial, aud
3.674@3.65 for private bankers' end banks.
Domestic EXCHANGE Was quiet at about pre-
vious figures. The banks checked on New York
at al Il cent discount, the latter being the rul.
ing rate. They net q very limited counter de-
mand, but require considerable sum 10 cover
remttances for collections. The sales Of CON-
mercisl include 80 600 end sl5.000 New York
sight at the advanced rate OF 9-l6 y cent. dis
count; 80 600, SO 900, $50 $50 $50 O00 S35 900
and $50O00-tbe last private bankers-at :;
$4,000 Boston sight at the same; $4,000 do. at
T. and 5000 Providence at I. Bank credits by
telegraph are quoted at 4. There more
movement IN stocks, for some OF the sales were
not reported. 2l5 shares Union Bank sold at
f39 90 shares Canal Bank at $50 so 100 shares
Bank of New Orleans at s27 IS, aud 2G5 at the ad
vanoed rate of s2s. Canal Bank, which brought
$50 so, was recently sold at $40. An offer of SIS
was refused for Louisiana State Bank.
We have heard Of no further sales Of city bonds
since The small lot of railroad issues reported at
Gj. They may be quoted at i7079 for the con-
solidated and G5 for the railroad issues.
We have no material change t. note in the city
treasury notes. $1,000 large sold at IA q cent. dis
count. and SIS coo at l44 IL cent. discount. The
sms continued ia fair request, dealers selling I
4 di count and buying at 340rf. State notes are
heavy at previous rates. The sales included
$1,000 al 324. There was some demand for Bank
Of LOulsisna notes One lot of $l3 900 sold at 2Slc
IL dollar, but ~ a late hour SOC. and higher was
offered without finding sellers.
SPgoIAL DIsPATCHEs.-We are indebted 70
the Western Union Telegraph line for copies of
the following private dispatches received over
that route to-day. viz:
he50 York. FEB. SO A. W.-GOld opened at
l4l2 1885 A. M.-Gold l4l. Cotton market
quiet and weak, but not quotaSly lower. Low
mddling lsc., middliDg l64@l9c.. Mobile 100
Sterling l00lO7. ENG Ia 1919. Cotton mar
ket quiet but firm. Prices unchanged. Sterling
steady. P. M.-GOld lni. Cotton-Csbe news
&c. Sales 1000 bales. Low middling SIc., mid
ding l9c., Mobile l93c., Orleans l92c., good mid
ding 20. sterling steady. P. N.-Gold l4I4
Cotton demand fair, prices firm. Sterling
steady.
LiCetpoOi, Feb. 5.-1l:4j A. E.-Cotton market
quiet; estimated sales 10000 haies; upands I'D,
Orleans sd. l:20 P. N.-Cotton market active !;
GALES 10 eco bales quotations unchanged.
London, Feb. 0.-I:Z0 +. M.-COnsois S0f )
5.2O's III.