The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-20
GhR 9eW ORLEANS Crescent,
THURSDAY MORNING. FEBRUARY 20, 1868.
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Wednesday Evening. Feb 70. i665
Operations IN the financial market have been
very hgtt today. Money ruled easy and quiet,
Cold and Silver have been inactive, aud transac-
hOIs IN EAclIge and Securities have disclosed
but little II sny improvement. Gold opened Al
New York this morning at 1901 against AL the
closing rates yesterday. Atll A. n. it was quoted
Of 1908, al - N. it ruled at the latter figure aud
81 p. u. il stood at l403. The movement IN this
market has been Of q very restricted character
throughout since our last and the total sales COM
Irised only the appended amounts. viz $1,000
ard $1,000 in The morning AZ 1884, $500 and So
coo at l335Gli393 5000 and $4,000 at 1894
hales Of Silver included $500 American Halves at
lj2 and llOO Mexican Dollars at 1924. We now
quote Gold St 39.Ggl3J4, American silver Halves
at l52GL 1921 and Mexican Dollars at lI26ll43.
FoREIGN EXCHAEGE-Ihere is no quOtable al
iteration Of sny kind TO report under the above
heading. offerings Of commercial Sterling aud
Francs are ample, while the demand still con-
tnues restricted, and operations disclose a very
limited movement both az bank and upon the
street. In fact the only actual sales reported to-
day have been $1,000, 1850 and f6jO0 bill Of lad.
ing Sterling Of 1926 go 600 do. by one broker at
l5llGl52; Els coo DO. by the same towards the
close OF business st the previous figures; $1,000
DO. at 1924 and 75,000f., l000O0f. and $50 OOJf.
bankers Francs &C 3.72lf The ruling figures this
evening are l533Gl54 for bank Sterling, l52G
1924 for clear bills, l5l!3l52 for bill of lsding
bills, 37o@3Cs4f for bank Francs, and 3.759
3.724 for commercial Francs.
iteration of any Kind TO report under the above
heading 20 day. Offerings continue moderate enc.
the demand on the part Of RENTERS disclOses b6t
little, if sny, improvement. 10 fact, the t6tal
ssles since our last comprise only the appealed
amounts, viz SIS 900, $4,000, $2j 0C0, $50 600
s4S coo and $50 eco, New York Commercial sight
at lille z cent. discount; $4,000 and $50 600,
s Ss96 6S6 and 49, SIS Of Gent So
discount; tl5 600, five days do. at 70 cent. dis.
count and t2O,0C0 do, at il y kent 5isconnt
we continue 20 quote cent soant p at 6lnE
for sight checks on the Eorthezf cites VI OO'''
UNCURREET NOTEs AND Sgr.N D'Tos IT,, ,.,.-
Of the former today incIE.ded 5000 small city
notes at L cent. dsco9Sat $500 and 5000 do.
cent &C. a. discount SSTi G5S $500 large do At l2
$1,000 Louisiana at 2si n cent. discount T and
Ii ena Ss6onds continue almost wholly neg
IT, I'D he only actual sale reported TO day
fad Company stock at Ill.
y HPyCIAL DIsPkTCHEs.-We are Indebted 20
Tho Western Union Telegraph line for copies of
the following private dispatches received over
that route to-day. viz:
Neto York, 70. 1910 A. M-Gold opened at
1907. 1855 A.M-Gold l4Ol. Cotton-Demand
moderate, prices firm. Sterling l09E9llO4. IAN
Gold 1903. Cotton market quiet but steady. Ster-
ling steady. 3. P. M.-Gold l40a. CottOn-demand
active at full prices; sales to-day 5000 bales,
nearly all since cable. Low mddling 23l6233c.,
middling 24@2itc., good middling 2j30253c.,
Mobile 243@244c., Orleans 25@25tc. Sterling
steady. 4 J.. H.-CottOn-demaud fair, but at
lower rates low middiing 23G32(c., middng
23lG24, Mobile 244@243c., Orleans 243925c.,
good middlng Is lc.
liverpool, FEB. l9-ll:l5 A. M-Cotton market
buOyaDt. Sales to-day 10000 bales. Uplands 81
09;d., Orleans 9gGl6d.. uplands to arrive 93d.
London, Feb. l9-ll;l6 A. N.-Consols 92s0
923 8 2Os 7lgG72.
BUSINESS FAILURES or JAECLRY.-The business
la, IL a
and shows how real and general is the depression
under which the mercantile and manufacturing
interests are struggling. For the four weeks
ending January %, total OF 373 failures were
reported, with aggregate liabilities of $4,000 O0
and many other firms, in a sinking condition, will
be likely TO 90 under before the month is out,
making the total of failures and suspensions very
large In New York city there have been twenty
FIVE failures the entire liabilities being 81 $50 00O
though those occurring most lately have been
mainly Of small concerns. The great house Of l..
G. Hopkins q Co., Of Cincinnati, which failed for
81 10000 early in the month, will pay only Is
cents on dollar, and in most cases the per cent
age which will return 20 the creditors will be
very small. The firms that have yielded TO the
pressure, with few exceptions, have not been
large OF important, and everything like a panic
has so far been successfully avoided. M4nufac-
turers and dealers 10 staple articles have not suf
fered heavily, and the mills and factories have
continued their production more largely and con-
stanty than was anticipated when the winter
commenced. The conventions at Cleveland and
Worcester, If having no other result, have brought
the business men OF the country into personal
intercourse and contact, increasing their cOnd-
deuce in each other and the future, and the com.
meTcal convention at Boston, this month, will
work the same effects on a larger scale. The re-
moval Of the Unsound and uncertain concerns
from the list OF those doing business, is not alto
Cether, nor in any great degree, misfOrtu 1e; it
offers warning and encouragement for those that
Iemain.-lSt. Louis Republican.
EUROPEAN FINANCEs-ln London and on the
continent very little change has taken place in the
value Of money since our last date. At Paris IL
remains at 2 Vienna 4 Berlin 81; Frankfort Ii
az: Amsterdam 3 (; Brussels 2 i0G3; Edinburg q,
and at St. Petersburg 500 Il cent. At these rates
money is easily obtained by the large mercantile
houses. The continued Clut Of bullion in the
Bank Of France is noticed By the London Times as
follows: "lhe furtheT increase Of 81 060,G0O this
week in the bullion Of the Bank OF France has
raised the total now held to ell, OS7,0 600, being
nearly half a million Sterling in excess OF the
enormous and at that time altogether unprece-
dented amount held at the end Of December. This
condition OF the bank Is especially striking
when the fact is borne 10 mind that the French
uecessitate unusually extensive purchases of
foreign wheat, and a prOpOrtionate overflow Of
specie in payment for II. The inference is there
fore unavoidable that the contention now prev.
flCut throughout Europe Gs 70 which nation can
raIse and perpeiuate the largest ornaments has
parayzed commerce TO an extent never before
witnessed, and will continue to create q feeling
OF dftrust that may be ultimately destined 70
move iutoerahle and 70 cause an easy concur
renee IN any event that would hold out the pros
meet Of relief