The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-09
gisr erIrans 9fiOnsu Narssi.
ozsschEr Osytgz. No. - OArr srRrrf, /
Friday Evening. MAY s. lS68.

OzBscnEr Osytgz No. u OAxt srRrxf,
Friday Evening. May 5. lo6a !
Nothing has transpired during the past week
to materially alter the condition Of financial affairs
Currency has gradually but steadily accumulated
a. bank and in the hands of private capitalists
while the demands for accommodation have been
restricted throughout aud rates of interest and
discount have remained nominaly unchanged
We repeat quotations merely for reference, as fol-
lows viz: ats ~ cent. per annum at bank. and lt9
II ~ cent per month out of doors for short gilt
edged paper, and l00gl2 u cent per snnum for
long dated notes secured by strictly Al city mort
cages.
GOLD AND sIvER-Operations in Gold have
been OF q re- tricted character from the opening
TO the close Of the week now under review, ana
prices have exhibited fewer fluctuations than for
spy previous week Of the season. The specula-
tive demand has almost wholly ceased. The in
quiry for remittance 70 the interior has materially
abated and tie amount required for the payment
of duties has gradually diminished. Silver has
been sold at previous figures; 1910 BOG Tor
American halves and quarters aud lf24Gl433 for
Mexican dollars, but operations have been at no
tire better than nominal Transactions to-day
embraced only the subioned amounts, viz: S5O0O
aud $4,000 Gold az l401, $4,000 $4,000 and sl5.OO0
AZ I4Os $4,000, $1,000 and SIS 900 do at l4O3.
Sales of Silver have been confined to dribets,
and we now quote Gold l404fDl4O4, American
Silver coin l3541l364, and Mexican dollars l430
1874.
FOREIGN ExcHANGE-Rates of Sterling and
Francs have been well maintained throughout
since the date of our last weekly review. The
supply of commercial bills was at no time better
than moderate. and the remittance demand was
for the most part of a very restricted character,
but quotations of Gold and Foreign bills were
generally well upheld at the North and our mar
ket uniformly sympathized with that Of New \ ork'
Operations to-day embrace the annexed amonn -.
viz f25O0 bank Sterling at ITO for Gold f34OO
Al commercial bills at 1881, and f25O0 DO. at l53
40 ,000f bank francs at 3.6s2f.; 4O,OO0t. do. az
3 6S5013 70f.; 40 000f. commercial do. at 3.1Of.
We now quote bank Sterling az l54Ql549. clear
bills at l53C0l533 bill of lldng bills AT l52 Gl52f
bank Francs NJ 3.6Si03.674, and commercial do.
at 3 72313 20.
DOMESTIC ExcHAEGE.-The only noticeable al
iteration under tie above heading since the date oil
our last weekly summary has been slight fall-
ing of in rates of sight and short sight checks 90
the Northern cities. The Offering supply of com
mercial indicated no marked increase at any time
but the remittance demand disclosed steady
abatement throughout. Purchases by banks aud
bankers to-day embraced the suhJOined amounts,
viz: $40 600 new commercial sight at y cent
premium $40 OOO S25, 600, $40. 900, $4,000, $40.
Geo and $40 900 do. at / y cent. premium. We
still quote k@4 u cent. premium out-oidoors. a1c
l(a4 q cent. premium at bank for sight checks OF
Northern cities.
UHcURREST NoTEs AND SEcURTTrEs-City note
have gone considerably lower during the pas
week owing TO the postpOnement OF some feasi
bic plan for their ultimate redemption. Tn
offering supply was heavy throughout aud tn
demand was Of a restricted Character from M
opening to the close. Louisiana State ADD Banl
of Louisiana Notes have been almost wholly neg
lected throughout, and operations in nearly al
classes Of stocks and bonds have continued sus
pended. We append particulars OF the tridin
sales effected to day as follows. viz: $1,000 cit
notes at 36A u cent. discount: $1,000, 5000 al
$25 600 do. ut $40, and $4,000 do. at 50 q cent
discount.