The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-13
sem erIeans gtansp Maraei.
CszsJssr OFrIcn, No. % CAxy srxnns
Tue, day Evening, May u, 1853

Tue.dsy Evening. May Il. 1853 J
The monoieny in financial circles is daily in
creasing. Currency is abundant at bank aud 10
the hands Of private capitalists, but the general
trade Of the city has become materially reduced,
and there is no new enterprise or movement on
hand that requires the aid OF borrowed FUNDS
In fact. the demand for loans and discounts are
exceedingly limited, although rates, Wnlch we
repeat, continue nominslly unchanged, viz S3
cent per annum at bank and l0l4 Il cent. per
month out of doors for short gtedged paper,
and l0@l2 b cent per annum for long dated
notes secured by strictly Al city mortgage.
GOLD AND SILvER-There is no alteration to
refer to in the Gold movement since the date of
our last summary. The demand and supply con-
tinued light, and rates varied in accordance with
the frequent huctuation in prices at New YORK.
Silver has been dealt in to moderate extent at
l3560I36A for American halves and quarters, and
at I4250ll434 for Mexican dollars. Operations
to-day comprised only the appended amounts,
yiz $4,000 Gold, in the morning At l4l; s6OOO
subsequently.at l40B; $4,000 do. at l4O4; 5000,
$1,000 and $1,000 do. at l404; and $4,000 at l4Os.
Sales of Silver embraced only 5000 American
halves at 1877, and we now quote: Gold l4Olg 400;
American Silver coin l36s0l37, and Mexican
dollars l42lQl434.
FOREIGN ExcHANGE-Sterling and Francs have
been firm throughout The past three days. Offer
ipQs OF CONNER cIal bills restricted from the
openipg of the present week, and the remittance
demand has been at no time active or general.
Transactions day are embraced in the follow
ing amounts viz: $1,000 bank Sterling at ITO for
Gold aud f40OO bill of ading bills at 1923, f.25 900
bank Francs at 1854, f.25,0OO AL commercial
do f.3.6S2, and f20 900 do. at 1870. We now
quote bank Sterling 1855, clear bills l53lDl544
bill of adiDg bills l5246Dl53 bank francs f3.674G
SOS, aud commercial do. f3 6S493.7O.
Domestic ExcHANGE-Extreme lsssituie is the
most noticeable feature of the movement in Do.
nestle Exchange since the date of our last re-
view. The market has been bat poorly supplied
at best with Commercial Sight and Short sight,
while the demand on the part of remitters indi-
Gated a steady abatement all round, and the ten
dency Of rates has been in favor OF buyers. Pur-
chases to-day by banks and bankers comprise
only the following amounts, viz s25, 600 New
York Commercial Sight at u cent. premium
SIC, 600 do. at l6 ~ cent. premium. $25 900, S25
600 and $40 000 do at IL cent. premium, $25 ,O0C
do. at sic q cent. premium, $4,000 Sight on
Chicago at ~ cent. discount and $4,000 60 days
on New York at u cent. discount. We still
quote " cent. premium at bank and sGt d
cent. premium out-of-doors for Sight Checks on
Northern cities.
ment in city notes has been subjected to unusua
fluctuations, during the past three days; occa
sioDally rates have gone down to zero under the
procrastinaiing policy Of the municipal authori
ties, while again they would revive at the an
nouncement of some new project Of the manipl
lators. On the whole, however, prices have
ruled adverse TO holders, and operations from day
to day have disclosed q steady reduction. Moth
ing has uaDspHed In LOulslana bthto Dank OF
Bank of Louisiana notes for some time past, AND
operations in all classes of stocks aud
bonds have been nearly at a stand still
throughout. $1,000, $1,000 and $4,000 City Notes al
37Sc discounts $1,000, $1,000 and $4,000 do. at 37Ac.
SlUOO and $4,000 do. at SIC. and $1,000 do. at 81
- cent. discount. Sales of Stocks embrace s
shares New Orleans Gas Company Stock at las.
SPECIAL DIsPLTCHEs.-We are indebted &c
the Western Union Telegraph line for copies o
the following private dispatches received ovel
that route to-day, viz:
Nelp York. Mdyl2-l0 M.--Gold opens at1S9l
lO:45 A. Mold 1891 Cotton market dull
and unsettled, accurate quotations can not b'
given, nominally middliug 30c.; Mobile 3O3c.
Orleans 30ic; Sterling llet9ll0S. IL M.-GolC
1894; Cotton market irregular and very weak
nominally middling 30c.; Mobile 303c.; Orlean
3O2c: Sterling steady. 3P. Mold 1895 Cot
ton market dull and unsettled. Sales to-day 100
bales. Nomnally, middling 29393Oc.; Mobile 81
0a3Olc.; Orleans 304430lc. Sterling steady.
LtueTpoOl, MGy 70 HIS A. Motion marke
dull and irregular. Estimated sales 5000 bales
Uplands l2@l2td.; 0rle ans l249l23d. LEO ?
M.-Cotton market dull. Estimated sales 500
bales. Uuplands llB@l2d.; Orleans l2tGl24d
5P. M.-Cotton market steadier. sales tO-dal
6OOO bales. Uplsnds llb@l2d.; Orleans 1910
l2ld.; uplands afoat Cd.
London, May l2-ll:l5 A. M.-Consols "a q
94l for money. Five-twenies 70i. l:20 P. M
COnsols 92E0c93 on account Flve-tgenties 20;
M.-Bonds 7Oi@7Oi; consols unchanged.