The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-20
Meu Orleans yaonsu Rarkei.
OKHsoKSr OTyIos, No. ~ OAzy 5fRKzf, 4
Tuesday Evening. May 10, 1853 !


steady falling off in the receipts of, and re-.
uuiTements for currency, is the only noticeable
feature OF the Money market during the past
three days. At this season there is but little bust
ness paper maturing, and operations in all depart
ments Of trade are Of too restricted character
10 Justify large advances by banks or private cap
italIsts. Rates Of interest a9d discount disclose
no alteration whatever, and we again repeat pre-
yous figures, merely for reference, viz: 8 ~
cent. per annum at bank, and l9l4 y cent. per
month out of doors for short gilt-edged paper
and l0@l2 e cent. per annum for long dated notes
secured by strictly Al city mortgage.
GOLD AND sILvER-TheTe is no alteration
whatever 10 notice in the movement of the pre-
cious metals. Operations in Gold are steadily
diminishing, and rates are Influenced from hour
20 hour by the frequent fluctuations of the New
York market, while transactions in Silver cannot
be regaI ded as much better than nominal although
the tri1ing lots offered for sale from day to day
are usually absorbed at l3561l36a for American
halves and quarters, and l42t9l43t for Mexican
dollars. Operations TO day are confined to the
annexed amounts, viz $1,000 and $4,000 Gold at
140I; $500 do. at lao; $4,000, $4,000, 80 900 and
$40 900 at l40i; $500, $4,000 and $4,000 at I404
Sales of Silver embraced 500 and 1900 Mexican
dollars at l434, and 20O0 American halves at 1877.
We now quote Gold at l400l49!, Ameri-
can Silver coin l36l9l37, and Mexican dol
lars l43@l434.
FoREIGE ExcHANGE-Rstes of Sterling and
Francs have slightly declined since the date of
our last regular summary, owing to increased
"
supply of commercial bills has been light through.
out, and the remittance demand has been at no
time active or general Operations to-day are
restricted to the following amounts, viz $1,000
bank Sterling 1919 Flo 500 Al commercial do. at
1921 l0O00f. bank Francs at 5.l2lf. for Gold
10 O0Of, 25,000f. and IS, 000f do. at 3.65f. cur.
Tency 20,000f. Al commercial do. at 3.674f.; 1885,
O0Of. do. at S.674G3.6sif, and 5O,000f. do. at
36Slf. We still quote bank Sterling at 1914 clear
bills I530Il53t. bill of lsdiDg bills I5249l53 bank
Francs 3.G5, and commercial do. 3.6S2G13.764.
Domestic EXCHANGE-The movement in Do.
nestle Exchange has disclosed considerable stead
mess during the past three days. With limited
offerings of commercial sight and short sight, and
a uniformly restricted inquiry on the part of
remitters, operations have shown q marked fall.
ing off AZ compared with previous reports, but
the latter is usually looked for at this advanced
period of the business season. Purchases by
banks ard bankers to-day embrace the subjoined
amounts, viz $4,000 New York commercial
sight at % cent, premium $500, 500, 900, $780,.
600 and $4,000 do. at 6l6 " cent. premium, and
$4,000 fifteen days sight at u cent. discount. We
still quote ~ cent premium at bank, and II
cent. premium out of doors for sight checks on
n ortheTn cities.
UHCURRENT NOTES AND SECURTT1Es-The move
ment in city Notes shows constant vacillation.
At times holders are elated by the specious
promises Of pretending refOrmers of the currency,
but when the shortsightedness or duplicity of the
latter is exposed the former become Respondent
and by their precipitanoy in realizing subject
themselves 10 uDJustnaDle sacrlnces. During the
past three days we have witnessed about the
usual amount Of fluctuations in rates. and have
yet nothing encouraging to report as to the final
redemption of city shinplasters. Louisiana State
and Bank Of Louisiana Notes are at stand still,
and operations in nearly all classes of Stocks and
Bonds continue suspended. We subjoin particu-
lars of the few trfing sales effected to day, viz
$1,000, $4,000, $4,000 and $4,000 city Notes at 80 %
cent. discount.
SPECIAL DIsPkTCHEs.-We are Indebted 70
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day, viz:
Nelo York. Mayl9-7lOA. M.-Gold opens at 1898.
10:45 A.M-Gold 1891. Cotton-Market inactive
prices drooping nominally, middng 81 &C., Mobile
32c., Orleans 32ac. Sterling ll0t0ll04. 1915 P.
M.-Gold 1891. Sterling ll0IQll0a. Cotton
Market dull; prices nominal; middling 32c.,
Mobile sac, Orleans $50. P. M.-Gold 1894.
COtton-Market dull; prices nominal; middling
3llc., Mobile &c., Orleans 323c. Sales 200 bales.
Sterling steady.
liverpool, May l9-ll:l5 A. N.-Cotton market
dull; estimated sales 5000 bales; uplands l2!d.,
Orleans l22d. l:20 P. M.-Cotton market I'M
changed. P. Motion market irregular.
Sales to-day 5000 bales. Uplands I'D, Orleans
l2ld.
London, May l9-ll:l5 A. M.-Consols 9Ii
for money and S3l on account. 5-20's Il 407l2.
l:20 P. M.-Consols unchanged. Bonds III. 5
P. M.-Consols 94}@94E for Imoney and 93i on
account. 6-20's 7ll07lB.