The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-02
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CRsscEsf OFFICE, No. ~ CAnP sszz.r,

liit CRIscKsf OFFICE, No. ~ Car sFRzRr
err ID -rI Tuesday Evening. Dee. 1. lSd6
Nothing has transpred since the date of our
last review 70 materially alter the condition Of the
money market. Currency has continued abnn-
dant, and the demand for accommodation res
tncted throughout, while rates Of interest aod
discount have uniformly ruled as heretofore, as
will be seen by the subjoined quotations. which
are stu the governing prices. viz: Eight y cent
u annum at bank and l@ll D cent. D month out
Of doors for short gilt edged paper and lOG1l2 q
cent b annum for long dated notes, secured by
strictly Al city mortgage.
GOLD AND SILvER-A slight advance in rates
has been the only noticeable feature of the specie
market during the past three days. Gold has
been in moderate supply and demand from the
opening OF the week to the close of business this
evening, while Silver has been as heretofore ex.
ceediDgy scarce and in fair request at l@2 points
below Gold quotations for American halves and
quarters, and at 2@24 u cent. premium on Gold
rates for Mexican dollars. Transactions to-day
comprise only the annexed amounts, viz $4,000.
$4,000, $4,000, and $4,000 Gold at l35 $4,000,
$500 and SIS. 900 do. at 1851 5000 do. at 1854.
Sales OF Silver comprise $4,000 American halves at
l33a@ls4. We now quote Gold Is4T@i35I,
lars l37t@l3s.
FOREIGN ExcHANGE-There has been a very
heavy business transacted in foreign bills during
the past three days, and rates on the whole have
been very well maintained. Owing to larger opera
lions in the leading staple, offerings OF CONNER
cial sterling and francs have been augmented to
an unusual extent, and the demand has been
steady with come evidence of Q slightly upward
tendency in prices. Operations to-day comprise
10000 A l commercial sterling as 146I@l46s.
els, 600 and fl5,000 do at 1867. 10000 do. at
l46Ql46t, and $1,000, $4,000, and $4,000 do at lag
and same amount OF bill lading bills at l453
10000 and 100000 private bankers francs at
3.s79. $50 900 and ROO 900 A / commercial do at
1854. We now quote bank sterling l4640l46i,
commercial do l454@l46. bank francs 3.s7tG
1851, and commercial do. 39003.ssi.
Domestic Observation-Disclosures under this
heading have been of restricted character since
he date OF our last review. and rates have slight
~ receded from the highest figures then quoted.
The market has been amply supplied throughout
with commercial sight and short sight, but the
remittance demand could not have been sccur ateIy
reported at any time as better than moderate.
Total purchases to-day by banks and bankers
comprise the following: $500, $50, 900, $50 900,
$50, goo, SIS 900 and SIS, 600 New York commercial
sight at y cent. discount, and $4,000 ten days
90. ~ y cent discount, $40 900 do on Boston at
yi6 cent discount $4,000 five days do. on
Philadelphia at u cent. discount and $4,000 ten
days do. at II " cent. discount. We still quote
per cent. discount ct bank ana soot-per cent.
discount out of doors for sight checks on Northern
cities. -f-I -
UNcURRENT NoTEs AND SECURIrrEs-There has
been no let-up whatever In the demand under the
above heading since the close of our last weekly
review, but the daily operations have been
restricted. Nevertheless, owing to the rapidly
pretensions of holders, with q large
and constantly increasing surplus of domestic
capital, there is an evident general desire for
remunerative investments, but holders of secur
ties may defeat their interests by an endeavor
to exact unreasonably high prices. We append
particulars OF the principal operations to-day as
follows, viz: $4,000 city 10 per cent. bonds at
75c, sl700O do. at 75tc. q dollar, 40 shares Car
rollton Railroad stock at sos, AZ shares Louisiana
State Bank at $22 rs, and 100 do. at $22 SO p
share.
SPECIAL DIsPATcHBs.-We are indebted to the
Western Union Telegraph Line for copies of the
following. private dispatches received from that
route to-day, viz:
Neto York, Dec. lilo A. M.-Gold opened at
1857. 1880 A. h.--Gold 1851. Cotton market
ess active; prices maintained; middling isle,
Mobile 26sc.. Orleans 25lc. sterling lO9b0llot.
2h-Gold 1854. Cotton quiet and steady; mid.
ling 253c., Mobile 25tc.. Orleans 25lc. Sterl-
ng steady. 3 P. M.-Gold closed at 1857. Cotton
market less active; prices maintained and firm.
sales 1000 bales; middlng 254c.. Mobile 255c.,
orleans 25lc. sterlinglO95Gll0.
Liverpool, Dec. l-ll:l5 A. M.-Cotton market
Iuiet. Estimated sales $4,000 bales; uplands /
j i@ll3d., Orleans 115@ll2d Shipments from
'ombsy since last report to November 27, IL 600 |
'ales. l:2O P. M.-Cotton market steady. EST. |
mated sales Is, 900 bales. Prices unchanged. ]
London. Dec. ILLS A. M.-Consols 81. Ell.
dividend 922. 20's 74f,