The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-10-03
Hem Orleans Monep Warhet.

CRESCENT Ef,t
Friday Evening. Oct 2 1868
We have no material change to notice In the
money market since our last weekly review. The
redundancy of funds continues undiminished and
on good colaterals. The demand for accommoda-
tion however, exhibits but little or no change.
Rates of interest remain nominaly unchanged and
we still quote IL cent. per annum at bank and
lQl4 e cent per month, out OF doors Tor snort
for long dated notes secured by strictly Al city
Coin AND sILvER-Rates of Gold and Silver
have undergone heavy decline since our last re-
view. offerings, owing to the rapid decline, have
been quite heavy, and the demand has been prin-
cIpaly Of speculative character. Rates have
generally ruled in anticipation of this decline in
New York, and have been from l40l4 points be-
low that market. Silver has remsined aaist only
q few lots changing hands at 60I points below
Gold rates for American halves and 24@33 II
cent. premium on Gold for Mexican doils,s.
Transactions to-day comprise $40 900 Gold at 1884;
$1,000 do. at 1891; $500, $4,000, $4,000 and s3O,.
600 d. at 1882 and $780, $500, $500 and SIS 900
do. at 1873. Nothing reported in Silver. and we
now quote Gold at l3S@l38a, American Silver
coin l331l34 and Mexican dollars l430l44.
DOMESTIC ExOHANGE-We have but little altera-
ton 10 notice in the movement under this heading.
Offerings under the increased sales OF Cotton for
Northern ports have accumulated, and as the de-
| msnd has lot been of sufficient magnitude 10 alb
sorb the bulk Of the commercial and shert sight
| Offering, rates have been unsteady and closed at
! a slight decline. Total purchases to- day by banks
| and bankers comprise the following amounts, VIZ :
| SIS OCO, $4,000 and $50 000 New York CONNER
cial sight at u cent. discount; s25, 900 and $780,
900 do. at 3Gl3 az cent. discount; $4,000 AL do.
at u cent discount; $40 600 do. at 8 6 b cent.
discount; $4,000 factory bills at y cent dis,
| count, and $1,000 fifteen days sight at
| u cent. discount. We now quote b cent dis
count at bank and t@i y cent. discount out
| of doors for sight checks on Northern cities.
| FoRElGN RESPONSIBILITIES of Sterling and
1 ham taadi lu in M
! from the opening TO the close of the week, owing
| 10 the decline in Gold ard Exchange in New York.
Offerings of commercial nave az times been fair,
but the demand has been only to q moderate ex.
tent. Transactions to-day embrace f2o00 Ster-
| ling. bank, al 1854, $4,000 do. at 1904, 1880 and
f3eOO AL comm ercal do. at l49a, and fl500 do. at
l49; 20 600, $4,000. 100000 600 COM
mercial Francs at S.IsT; we now quote. nomi'
| l4s@l49, bank Francs 3.173G3. 164f., and CON-
J mercisl do. 3.S 4@3.7Slf.
| UNcURRENT NOTES AND SEcURITIEs-We have
but little variation to notice in the movement in
| City notes during the past week. Oferiogs have
been fair but buyers rather shy, and rates IN
| settled but uuotsby unchanged. Louisiana State
notes and Bank of Louisiana notes have been en-.
tirely neglected. Operations IN all classes Of
Stocks and Bonds have been Of very restricted
character throughout. To-day transactions have
been confined to SIS goo City notes at SO b cent.
discount
SPECIAL DIsPAroBss.-ws are indebted to
1
the following private dispatches received from
! thzt route to-day. VIZ:
| Ne1c York. Oct. 40 A. M.-Gold opens
| 1891. 1880 A. M.-Gold 1899. Sterling I0S2G
| 1921. ll:45-Gold 140. Cotton-holders ask ad-
vance buyers operate with caution, nominally
mddling 26ic.; Mobile 27c.; Orleans 27lc. sterl-
ing steady IOs3@l09l. p. M.-Gold closed 1898
Cotton demand fair; prices firm. Sales 1900
bales middling 26lc. Mobile &c; Orleans 27ic
Sterling advanced l09@l09s.
\ LireTpool, Oct. 2.-1l:l5 A.. M.-Cotton market
active. Estimated sales 900 bales. Uplands
| lOId., Orleans lO4d. Sales of the week IS DOC
bales for export IL 900; for speculation 5000
Stock on hand 424 00o bales, of which 10Y 900 are
| American. l:20 P. M.-Cotton market buoyant
Estimated sales Is 600 bales; uplands l0sd-; Or
leans lO2d. Cotton afoat 58l 900 bales, of which
COCO are American. Extra.-Cotton advanced
uplands l0ad., Orleans l0ld.: uplands afoat TO- d
Time 2:30 P. M.
London. oct. 2.-1l:15 Al .-Consols 943 5-20i
49,. 1:20 p. M.-Consols 949 5-20's "a.
Hare Oct. "A. Motion market active
tres ordinsife l.30. Later.-Cotton buoYant ue
ordinaire l.35.