The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-29
11su Orleans Montp Narhet.
Uzzsossf OFyIc., no. % UAxr STREET,
Tuesday Evening. July IS. 1854


The money market continues at a stand still.
/ Gold opened at New York this morning at l44t
against l44, the closing rate yesterday. At lO:40
A. M. and IL NJ. II was quoted at l44t, and at
P. NJ. IL closed at l44l. Rates In this market con-
tnue very stiff, but with limited supply and
demand operations have been restricted to the
following amounts, viz: $1,000 Gold at l43 |;
\ $4,000, $4,000, and $4,000 d.. at 1887; $1,000,
Zs2500 and $4,000 do. at IA. Sales Of Silver
comprise $1,000 American halves at 1876. We
now quote Gold l43t@l44, American Silver
coin l36@l363, and Mexican dollars l470l474.
FOREIGN ExcHANGE-sterling and Francs con-
tnue TO advance in accordance with the up
ward tendency of Gold. The supply Of CONNER
cial bills is nearly exhausted, however, and the
demand on the part Of remitters is of very
restricted character. The subjoined statement
comprises the total operations for the day, viz
f400 and $500 bank Sterling at l60; f2000 Al
commercial do. at l571; 1900 bankers do. at ll0i
for Gold, and l0,00Of. bank Francs at 55f. We
now quote bank Sterling at l593@l60, clear
bills l5S@l5ss, bill Of lading bills 1579l574, bank
Francs 3.573@3.55f., commercial do. 3.62t9
: 3.6Sh
DOMESTIC ExcHANGE-There Is no material
alteration Of any kind to refer to in the move
ment under the above heading. Offerings of
\ commercial sight and short sight are rapidly
deminishing, and the remittance inquiry discloses
very steady abatement The purchases by
banks and bankers since our last have included
only the appended amounts, viz (: $4,000 New York
commercial sight at psr; $1,000, $4,000 and
=
y cent. premium; $1,000 do. at sic y cent. pre-
MUM, and $40, 900 sixty days sight on New York
~ / ~ cent discount. We still quote Il
cent. premium at bank, and i@i u cent. pre-
nium out Of doors for sight cnecks on Northern
cities.
UNOURRENT NOTES AND SEcURIrIEs-The action
of the SO called State legislature regards the
payment of taxes has had q very damaging effect
npon city notes to-day. Holders continued 10
press them upon the market from early morning
10 devy eve, and spectators have had ample
opportunity to make some saving investments.
JIG is passing strange that some parties will not be
enlightened even where their dearest interests are
At stake. We have time and again demonstrated,
30 our satisfaction at least, that every dollar of
city issues must and will be ultimately redeemed
81 par; but, nevertheless, large portion Of the
community seems ever ready to sacrifice them on
1he slightest rumor detrimental to their stability.
The sales of this class Of notes have been ex-
ceedngly heavy to-day, and the depreciation in
ustes has been correspondiDgly large. Louisiana
fste notes have been almost at stand still since
our last. Bank Of Louisiana notes have been, as
Boretofore, wholly neglected.; and operations in
Stocks and Bonds have been of only limited
extent as will be seen by the annexed report
viz: $4,000 city notes at 3S} $4,000 do. at 49,
5000 $1,000 $40 900 and SIS 900 do. at 800. $50OO
5000 and 5000 do. at 40. $4,000 and 5000 do. at
l0}. $4,000 do. st Al, $4,000 do. at ALI, $40 900,
SO 900 and s20O 900 do. at AZ, $40, 900 do at 429
and $40 600 and $50 900 do at 40 q cent discounts
z levee State bonds at Sag $50 shares Bank Of
Orleans stock at $50 so, and resod at s3l; and
100 shares Canal Bank stock at $45 Is D share.
6rEoIAL DIsPArcHss.-we are Indebted to
Ne Western Union Telegraph line for copies Of
che following private dispatches received from
that route to-day, viz:
Neto York, july 2s-l0 A. M.-Gold opens at
1444. l0:40 A.. M.-Gold 144t. Cotton market
iull-tending down. Middling 29a@SOc. Sterling
[lOi@ll0i. IL N.-Gold l44i. Cotton market
bull and nominal. Middlng 29ac., Mobile soc.
Orleans S09c. Sterling steady. 3 P. M-Gold
closed l44i. Cotton dull and nominal. Middling
R95c., Mobile 29ic., Orleans SOC. Sterling steady.
\ Liverpool, JIly 2S-ll:l5 A. M.-Cotton mar
irregular. Estimated sales 5000 bales. Uplsnds
3D., Orleans l0iGl0id. l:20 P. Motion
dull. Estimated sales 5000 bales. Up
BID, Orleans l0l Id.
don July 2S-il:l5 A. M.--Consols sil
Bonds 7S;G7si.