The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-11
AUCTION SALES THIS DAY.
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Nothing whatever has transpired during the past
week to materially alter the condition of the
money market. Currency was IN ample supply
thToup hout and the demand for accommodation
was of an exceedingly restricted character
from the opening TO the close OF the week. Rates
of interest and discount have been uniformly re.
tanned az previous figures, however, and we again
quote q cent. per annum at bank aud l1l4 d
cent. per month out of doors for short gilt edged
paper, and l0@l2 q cent. per annum for long
dated notes secured by strictly Al city mortgage.
GOLD AND sILvER-The daily movement in tue
precious metals has been of a steady but at no
time Of heavy character, SINCE the close of our
last weekly review, July Sd. Offerings of Gold,
though restricted, were for the most part ample
TO meet the regular inquiry, while rates appeared
to be wholly governed by the ruling figures at New
York. Silver has been IN but very limited supply
and demand from the opening TO the closing of
the week, and the trifng lots thrown upon the
market have found buyers at 3D4 points below
Gold rates for American halves aud quarters, aud
3614 ~ cent. premium Gold rates for Mexican
dollars. Operations to-day have been confined to
the following amounts, viz $4,000, $4,000 and sl5,
600 Gold at I40 $40 600 do. at l4Ok, and Sl40O and
$4,000 do. at l404. Sales of Silver have been re-
stricted TO 1900 Mexican dollars at b cent. pre-.
MUM on Gold We now quote Gold l40Gl40l,
American Silver Coin l350lS6, and Mexican Dol
lars l44Gl444.
erately active demand noticeable throughout the
week for Al Sterling and Francs; bat as the sup
ply of commercial bills has been considerably re-
d1ced, owing to a heavy falling of in purchases
of Cotton for the foreign markets, the remittance
inquiry has been almost wholly attended to by
the banks. Rates have become more stringent
under adVices of advanced quotations for Gold
and foreign bills at New York. Transactions to-
day embrace only the following amounts viz:
fl0OO bank Sterling at 1851 $500 sight do. at
1856 l0O0Of bank Francs at 1921; 100000. sight
90. at $50; 80 000f. and 60 000f. AL commercial
Francs at 3.675. We still quote bank Sterling at
l55Gl553, clear bills at l54@l544 bill of lading
bills at l534@l54, bank Francs at3.6640362a and
commercial do. at 36S493.673.
DOMESTIC EXCHAEGE-lnactiyityh has been the
most prominent feature Of the market under the
above heading since the date of our last sum-
mary. The offering supply of commercial has
been slightly augmented from day to day by
accessions accruing from trifing purchases of
Cotton for the North and East. But the remit
lance demand has been at no time active or gen.
eral although rates have been uniformly upheld
from the opening TO the close of the week. Pur-
chases TO- day by banks and bankers comprise
only the following amounts, viz: $4,000 New
York commercial sight and $4,000 one days do.
at par; $40 600 and $50 900 do at u cent. pre-
MUM; $50 600 do. at q cent. premium; $4,000
do. at 3l6 u cent. premium; $40 600 thirty days
sight at u cent. discount; $50 600 sixty five days
date at II y cent discount, and $1,000 sixty days
sight at u d cent. discount. We now quote Z
cent. premium at bank, and par to q cent pre-
MUM out Of doors for sight checks on Northern
cities.
UHcURRENT NoTEs AND SECURITIEs-The move.
ment in city and State notes has exhibited con-
siderable fluctuston during the past week. The
former has been enhanced under the impression
that the present municipal boards would introduce
some feasible plan for their early liquidation, and
the latter indicated for time increased strength,
ss il was hoped that the legislature would author
ize the receiving of State issues for taxes, but
owing hopes deferred, etc." there is but little,
If any. noticeable net Improvement 10 be referred
to in either, as all classes have again receded,
while Bank of Louisiana notes continne wholly
neglected, and operations in the general run of
Securities are almost wholly overlooked. Ne ap-
pend the actual saes for the day as follows, viz
$4,000 city notes at Al $4,000 do. at Al (; $1,000
do. at 4l3 and $4,000 and $4,000 do. at AZ q
cent. discount; $1,000 Louisiana State notes at
$50; $40 600 do. at 60; $1,000 do. at 6OI, and
$500 do. at 6O4 y dollar.
bPGOIAL UIsPATOBBs.-We are indebted to
che Western Union Telegraph line for copies of
che following private dispatches received over
thst route to-day, viz:
Nelo York, July 1910 A. Mold opens l40l.
1920 A. NJ Gold l4Oi Cotton market quiet
and weak; middling 324c., Mobile S2le., Or
leans $50. Sterling ll05GllOl. IL M.-God
1i0s. Cotton market authorizations nominaly
unchanged. Sterling steady. P. Mold
closed l405. Cotton market quiet and weak.
Sales 1900 bales middling 3249324c., Mobile
32ic., Orleans 33c. Sterling steady. 5.2Os, 1881
coupons 1874; 5-20s, 1862 coupons, 49, ; 5-2Os,
1854 coupons, llOb; 5.2Os, 1865 coupons, III;
5.2Os, new issue coupons, 1856 5.2Os, new SERIES
1867 coupons, 1853; lO-4Os, 1914; Z 3Os, second
series, l0Sj; 1905. third series, IOs3.
Liverpool, July l0-l0:l5 A. M.-Cotton market
quiet; estimated sales 5000 bales; uplands ii !
@ll4d., Orleans ll4@llSd. Sales of the week
Il 900 bales for export 10000 bales; for specu-
latOn 5000 bales. stock on hand $4,000 bales,
of which 34l 900 are American. l:20 P.M.-Cotton
rather easier; estimated sales 10000 bales !;
quotations unchanged. Cotton ahoat ~ 600
bales, Of which 5000 are American. 5 P. NJ
Cotton market quiet and steady. Sales to-day
10000 bales. Upands ll3@llSd.
London July l0-ll:l5 A. M.-Oonsols 94T695.
Bonds 7S@7Si. 5P. M.-Consols 943@94J. Bonds
7Si.