The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-07
lsH erleans aslunsu Elark,t.
Fria.y s.sni nj; Nara H1aS 4 si isss'

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Friday Evening March Q. l86s !
There Is ne material alteration whatever to-
10 under the above heading. Capital has been
Exceedingly abundant and constantly accumuiat-
lDg throughout the week. The banks and private
endeTs have manifested unwonted caution in the
detection OF securities, owing 10 the incertitude
sngeLdered by the revolutionary movements of
Ihe radical leaders at Washington and elsewhere.
Choice paper has been in request throughout. and
heavy investments have been made in Foreign
xc6aDge; but most borrowers have restricted
heir pretensions, and whilst rates for the use of
money have been nominaly unchanged the de-
nand for accommodation has very generally
bbattd both at bank and upon the street.
GOLD AND SILvER-Operations in Gold have
Disclosed fewer fluctuations during the past than
kny previous week of the season. Offerings have
been ample throughout to meet all ordinary re-
/puirements and with q generally active demand
the daily movement would compare favorably
with any former exhibit since the commencement
RI the present commercial year. The few aters-
tons which have occurred in rates, however, are
exclusively Cue TO the variations in the New York
market The sales to-day comprised only the
Following amounts. Wig: $lCc0, 5000, $1,000
900 and SIS 900, at l4l5; and $1,000 and $1,000,
ht l42 Sales Of Silver since our last have been
limited TO driblets. and we now quote Gold at
Bnf@142; American Silver Coin at i3fni36 and
Aexican Dollars at I4sGll3t.
FOREIGN ExcHASGE-With very heavy daily
purchases OF Cotton for European account since
he close Of our last weekly review, the general
offerings Of Sterling and Francs have been propo :
fionately augmented. The demsud was for the
most part commensurate with the supply, how
ever. and although buyers generally discarded all
but strictly AL bills, very liberal business has
been transacted from day to day, nevertheless.
We append particulars OF the principal sales to-
5ay, viz: $4,000 Sterliog at 1851 fer Gold, $1,000
do at l06s for Gold f23CO Commercial do at 1853
for currency. fl0O0 bank at 1884 for do. els 900
/do. at l62l9l53t, fl200 sold by bank at l54t.
$1,000 commercial at 1924. $1,000 a. 1925 f20)0 at
1524. 10000 bankers Francs at 3-70f., 30 900 do.
at 81 H., 1000 commercial at s-72t. 10000 sight
at 3.65f. and 5000 sixty days at Self.
DOMESTIC ExcHAEGE-Theo only noticeable varia-
tion of any kind that has transpired under the
above heading since the close of our last weekly
Summary was slight hardening Of rates OF com
8mercial tight and short sight on New York. The
msrket was but moderately supplied throughout,
las purchases Of Cotton for the North and Z ist
Xhave been light from the opening to the close OF
the week. As mo quotable variation has transpired,
Xhoweyer, we still retain previous figures. We
XappeDd The actual sales to-day, viz $4,000,
Xs20. 600, s40,0 600 and $50 900 New York sight at
~ cent. discount; 100000 and $50 600 do. at
lille % cent. discount; 100000 at 9l69i y
4 cent. discount; and $50 900 do at 3 cent. dis
i count. The latter is an exceptional and not reIi-
able quotation, and, as stated elsewhere, the
market lie decidedly frmer, with quotations ruling
at y cent. discount at bank and 9-l60ll-l6 and
y cent. discount out Of doors for sight checks on
the Northern cities.
UScURRErT NOTEs AND SEcURITIEs-As most OF
the retail dealers have abstained from purchases
or sales Of City Notes since last, transactions
for the day have been confined to few outside
4 operations. The feeling prevails, however. that
the great scare Is now over and that rates here
after must certainly improve, but OF this wehave to
Judge by the future, as no decided course has yet
i been adopted as to their intrinsic value. The
operations since our last were $1,000 and $4,000
small City Notes at Is % cent. discount 1900
$4,000 and $4,000 do. at l6 n cent discount;
$1,000. $1,000 and $4,000 large dc. at l6 y cent.
discount; $500 and $1,000 at is y cent. discount;
$500 and $4,000 at l9lG2l y cent. discount. and
5000 and $4,000 at 20 q cent. discount. There
is an evident let up in the movement this evening"
/ and City Notes have rallied to an unusual extern.
bPEcIAL DIsrAroHEs.-We are indebted 70
4 the Western Union Telegraph line for copies OF
4 the following private dispatches received over
that route to-day. viz:
Netc York, March 6-10 A. M.-Gold opens
i at l4ll. IL A. M.-Gold 14l4. Sterling l09l0
llQt. ESQ p. M-Goid l41l. Cotton-demand
fair; prices firm; sales to-day $500 bales-mid.
ding 24l6125c.. Mobile 25lc., Orleans 25A125ic.
LiUapOol, March g. 1l:l5 A. M.-Cotton market
quiet estimated sales 10000 bales uplsnis
3D., Orleans 10c. Sales of the week " 900
bales; sales for export 900 bsles sales to spec
uators II 900 bales. Stock hand s27 900 bales
of which Is6 600 are American. LOO P. M.-COt-
ton market quiet sales 10000 bales; quotations
unchanged. Cotton ahoat go. 600 bales, Of which
112 600 are Amercant P. M.-Cotton market
quiet; sales to-day 1000 bales; uplands 3D.,
Orleans l0d., uplands to arrive s599ld.