The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-05
Ghe 9ru ORLEANS Crescent.
MORNING, FEBRUARY 5, 1865
Asw erIssns 9ftonsp 4ttarket.
OassarsT OrIIo.. No. q OIsE srKEs., J


Tuesday Evening. FEB 4, 1868
TRANSACTIONS in Loans and Discounts have been
Of only moderate extent siuce the close OF our
weekly review Friday evening Jan. 81. The
volume Of currency has exhibited a steady in
crease both at bank and in the hands of private
capitalists, and the demand for accommodation
has disclosed a steady abatement all round
Rates have undergone quOtable alteration how
ever, and all the gt-edged paper ofe red has been
readily abssrbed at u cent. e anuum at bank
and lGl4 u cent. e month out Of doors for short
and lO@l2 u cent. b annum for long dated or city
mortgage notes.
GOLD AND smvER-we have n report abou.
the average amount Of fluctuations in rates of
Gold during the past three days. The Offering
supply has been moderate throughout, aud as
there was no marked speculative demand at al
noticeable. the variations in prices was almost
wholly Influenced by the frequent alterations Of
the Nsw York market. Sales have been of a re-
Etricted character from the opening of the week,
however, and the market closed inactive this eve-
NlnR at our quotations. The movement Silver has
been OF too triiiing extent to require special no.
tice and the insignificant lots offered from time 20
time are s.ill taken at l3l@l32 for American
Halves end l420l43 for Mexican Dollars.
FOREIGN EXCHAEGE-lke Offering supply of
Sterling and Francs has been of a much more
restricted character since the close Of our pre-
vious summary than for some time previous as
The purchases OF Cotton on foreign account have
been, during the past three days, considerably
under the former average. No material improve
ment has transpired IN the demand, however, and
although rates were upon one or two occasions
advanced fully one TO two points, in accordance
with the upward movement Of Gold, the total
operations exhibit a heavy falling off when com
pared With returns for corresponding days in pre-;
ViOus weeks.
Domestic EyCHAEGE-IDactivity has been the
principal characteristic OF the'DOmestic Exchange
market for several days past. Offerings of com
merCal have shown steady increase, owing to
heavier daily purchases of Cotton for the North
and East, but the remittance demand has con.
tinued lsuguid throughout, and although some of
the banks have porsisienty exacted the enhanced
rate Of Friday, the 3lst ut., G q cent discount
oil Of the others have been willing sellers at 3 b
cent. discount for sight checks on the Northern
cities. Outdoor or commercial sight has ranged
from 9-lG@ll-lG and y cent. discount, &C cord
ing 10 the daily demand and supply.
UECUREENT NOTES AND SECURITIEs.-There has
been barely moderate aggregate movement in
City and State Notes since the close Of our last
general review Of the market, with, of course the
ordinary changes in rates of all denominations.
Small city issues close frmer and large easier to-
day, however, while Louisiana State Notes are
heavy at nominal quotations. Operations in bonds
continue almost wholly suspended, and transac-
tiOnE in Stocks show al least evidence of re-
cupeTatioD. Several sales of the latter have tran.
spired within the past few days at steadily i'm.
proving prices.