The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-19
HIM erIsans stlunsp Marhei.
O, %.ss..s C,' s.:. 10 10. o. 4 e,

"Wednesday Evening. March Is 1853 +
The feature OF the movement 10 financial circles
to-day has been further decline in rates of Gold
and Foreign Exchange and a heavy Improvement
ard reaction in quotations of city currency
Gold opened at New. York this morning at
lSss' against 1881, ne closing rate yester-
and at P. N. it ruled at 1885, Prices in this mar
ket have considerably fuctuated all day. and with
restricted supply and demspd, operations have
been connned TO the appended amounts, viz:
zOOOs Gold IN the morning at 1901. 5000 do sub
sequenty at l40 $500 do at 1891, 1850 at 1891.
$4,000 and $40 900 at 1884, $4,000 and SIS OOO the
latter by one party. at $40 OcO at 1884,
q SIS 600 Gold check at . cent. discount. and
our quotations. which now rule as follows viz
Gold 1910 800, American Silver coin az 1850
l34, and Mexican dollars at l4l1ll2.
FoRKIGS EXCHANGE Operations in Sterling and
Francs have been restricted to-day and rates have
further declined In proportion to the abatement
in the price OF Gold. The market is stu but
poorly supplied with cash Gold and the dema1d
n almost exclusively confined to requirement, for
the payment OF duties. We subjoin the principal
sales for the day as follows, viz: fl0O0 ba K
Sterling at l5lt, $1,000 do. at the same, feOOO
mixed do. at l5lQl511, the latter for hank fs00O
do. at l5lQl5l3, $4,000 bill Of lad ng; 3ter In AT
l5Ot@l502, fl200 do. at 1904, $4,000 do. at 1909,
10000 bank at 1914, 20 DOOR. bankers Francs al
3.7slf., and 2oo.0o0f. commercial do. at 3.7sl.
The present ruling rates are l5l40I524 for bank
Sterling, l503@l5l3 for clear bills, l50l1l504 for
bill Of ladng bills, 373}037Of. for bank Francs,
and 3.7Sz0t3. 75f. for commercial Francs.
Domestic ExoHANGE--The movement under the
above beading discloses continued weakness.
The Offering supply has materially increased
within day or two, owing TO large purchases Of
cotton for the Northern and Eastern markets.
while the remittance demand has exhibited, if
anything, decided abatement during the same
time. We annex particulars OF the actual pur-
chsses by banks and bankers to day, as folio VS.
viz $4,000 and $4,000 New York sight at I y
cent. discount; 100000 do. at 3-l6 n cent. dis
count; $4,000 and SIS 900 do. at 3-l60{ 3 cent
discount SOC. 900 at iGi z cent. discount; $40 900
and SIS 900 at y cent. discount aud $40, 900 at
Lie u cent. discount. We have revised our fig
ures, and would now quote New York bank sight
at par, and commercial sight at t0{ D cent. dis.
count.
UNcURRESr NoTEs AND sEcURIrIEs-The move
ment IN City Notes disclosed some new features
to-day. During the forenoon several operations
transpired at very marked advance in rates.
while towards the close of business quotations
fell of fully 7@9 " cent. all round. Included in
the actual operations were $4,000 small city
issues in the morning at IL y cent. discount. and
So 900 do. late in the day at 22t u cent discount.
We do not pretend TO furnish full particulars
of actual TRANSACTIONS however and might add
that the Offering rate this evening was 240l5 -
cent. discount all round. Should holders part with
II at the latter rates they ought to suffer, unless
the sacrifice was prompted by necessities of the
home circle; but In view Of the arrangements
now under way for the absorption OF our surplus
yield TO the opportunities Of speculators-with
previously suspended taxes amounting to over oae
and hall million of dollars to be mediately col
lected; with the sales Of market stalls and other
contrivsnces TO be superadded, this city, with any
approach TO an honeat administration of its fiscal
affairs, should redeem every dollar of its aecursed
shinplasters in ninety days, and have surplus in
its treasury TO meet all accruing exigencies with
the pTompttude for which 1t was justly applsuded
in ante belum ages. Our advice to the widow,
the orphan, and the other limited holders of city
currency, il hold on for the present. there is no
danger Of any further depreciation. and every day
must satisfy you Of its rapid approach to its
normal value-par with greenbacks. a-
BOARD OF BRoKERs.-At the Board OF Brokers
last evening the following sales were recorded :
$4,000, 5000 and $4,000 Gold at lao; $40 900,
SIS 600, $1,000, $4,000, total, s47 600. at l40t
5000 at l404; $40 600 buyers option twenty days,
at l40; rs shares Bank of New Orleans az %; l94
and 70 az 283; 10 and Is at 20; 200 shares jack
son railroad at "a /; % shares Carrollton railroad
at 9l3 sl4 900 small city notes, in six lots at "
discount. i
SPECIAL DIsPArcHss.-we are indebted to
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day, viz:
opened 1881. IL M.-Gold 1888. Cotton market
Gull, more sellers than buyers. nominally; mid
ding 25c., Mobile 254c.. Orleans 253c. Sterling
lO@l0l. l2M.-Goid 1888. Cotton--Holders ask
advance, buyers operate with caution. market
quiet, prices unchanged. Sterling steady. 3P.
M-Gold 1885,.
ket frmer. Sales to-day 1900 bales. Upand'
lOl@l0ld., Orleans l0l0l04d. 5 P. M.--Ootton
market unchanged. Sales to-day as 900 bales.
London March 1S-ll:l5 A. M.-Consols % q
93t. 20s, 724@722.