The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-30
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FRIDAY Evening. NAY %. 1854

Friday Evening. May 49, 1853
Inactivity Is still the most prominent feature OF
the movement in financial circles. The payments
at bank show a material falling off, there is but
little business paper maturing at this season, and
the demands for accommodation disclose an equal
or. perhaps, greater reduction, on account Of the
limited requirements of parties engaged in COM
mercia and mercantile pursuits. At the same
time, there Is an unusually heavy surplus of cur
rency on hand awaiting opportunity for invest.
ment, while rates Of interest and discount still
rule nominslly as heretofore. viz: u cent. u
annum at bank, and l0l4 IL cent. % month out
Of doors for short gilt-edged paper, and l0Gl2 y
cent. ~ annum for long. dated notes secured by
strictly AL city mortgage.
GOLD AND SILvEE-The movement in the
precious metals since the close of our last weekly
review has presented no marked alteration of any
kind that calls for SPECIAL notice. Rates of Gold
have kept well up, owing TO the general frm1ess
of the New York market. but the demand aud
supply have been of a limited character through
out. In fact the present inquiry Is almost ex-
clusively restricted 10 Custom House purposes,
the demand for shipment 70 the interior and on
the part of SPECTATORS having partially or wholly
ceased some time since. Silver is very dull Offer
ings continue light. and rates of American still
range at 3G4 u cent. below those OF Gold, while
quotations of Mexican dollars rule at 21l ~
cent. above them. Operations "a day are confined
TO the following amounts. viz: $4,000 Gold at 1893
$1,000, s5000 $40 900 and $4,000 do. at 1884,
Sales of Silver have been confined to dribets. a1d
we now quote Gold l393@l39l, American Silver
coin at ls54GlS64 and Mexican dollars l42s0l43.
FOREIGN ExCHAHGE-With some increase ia the
purchase Of Cotton on foreign account during the
past week, the supply OF Commercial Sterling
and Francs has been augmented to a moderate
extent. The remittance demand was at no time
, active or general, however; but as rates of
foreign bills were well maintained throughout jH
the New York market. quotations here have un-
formly ruled in favor of drawers and sellers.
The only transactions reported to-day are com.
prised In the annexed amounts, viZs $1,000 bill OF
fading bills at 1923, 10 0O0f Alcommercial Francs
at 3.664, l0.000f do. at 3.678, and 100000. and
100000. bank DO. at 3.65. We now quote Bank
Sterling at 1914, Clear Bills at l5340l5l, Bill Of
Iading Bills al I52Ql525. Bank Francs at 1865,
and Commercial do. at 3.67a6l3.70.
DOMEsTIc ExcHASGB-There is no material al
iteration of any kind 10 refer to in the movement
under the above heading since the date OF our
last general summary. Offerings of commercial
sight and short sight have been at no time better
than moderate, despite some accessions accruing
from the daily purchases of Cotton for the North
and East while the inquiry on the part of remit
tiers, though steady has been for the most part
but of very restricted character, and rates,
which we're firm in the early part of the week,
have inclined in favor Of buyers towards the
close. The total purchases to-day by banks and
bankers comprise only the following amounts,
viz: $4,000, $4,000. 900 and $4,000 New
York sight at 5-l6 u cent premium. We still
quote iQs y cent. premium at bank aud 4@5.l6 u
cent. premium out of doors for sight checks on
Northern cities.
UNCuRRENr NoTEs AND SEcURIrrEs.-Oyer
half a million Of City Notes have been destroyed
by the proper authorities during the past week,
and the sheriff has been officially notified to re.
ceive city currency in satisfaction of judgments
and executions for taxes. Yet so little confidence
is felt in majority Of the members constituting
the municipal boards, as well some msgn8tes
termed city officials, that quotations of our shin.
plasters incline downward rather than upward.
This is really astounding especially as the original
N which he mi Of
lars were struck of have long since been de-
stroyed. But confidence, like time, once lost"
etc. Louisiana State notes and Bank of Louisiana
notes are ct a stand still, and the movement in
nearly all classes Of Stocks and Bonds is wholly
suspended. We append particulars of the few
tIifng sales reported under the above heading
10 day. viz $1,000 City Notes at S7a d cent dis.
count and $1,000 do. at 37l y cent. discount.
oPNCIAL UlsPATOHBs.--Wo are indebted 10
the Western Union Telegraph line for copies OF
the following private dispatches received over
that route to-day, viz:
Neso York. Nay 29-l2 Mold 1891. Sterl-
ing ll0l@ll0S. Cotton demand moderate; prices
firm at 81, 81 @3lA. 3P.M-Gold l39k. Cotton
market quiet but steady; sales to-day 500 bales;
middlngs.3lc., Mobile Sl4c., Orleans 3lsc. Sterl-
ing steady.
liverpool, Mdy 29- ILLS A. M.-Cotton market
firm: estimated sales 5000 bales uplands ii Id.
Orleans ll}d. Sales of the week 81 900 bales; for
export 60O0 bales; for speculation 1000 bales.
Stock on hand $4,000 bales. l:20 P. Motion
market unchanged; uplands II Id, Orleans IL I'd.
Stock Of American Cotton 1868 900 bales. Cotton
sfost 5l2 600 bales Of which 81 900 American.
Shipments from Bombay since last report so 900
bales. 5P. M.-Cotton sales to-day TO- 900 bales;
quotations unchanged.
London, Nay 29-ll:l5 A. M.-Consols 96iGD
96l for money and s43g94l on account. 5-2Os
724. l:20 P. M.-Consols 944@94s on account
5.2Os 725@72l. 8 P. M.-Consos Sc; for money
and 94i on account. 5-20s 724.