The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-25
asr @rIeans 5ltontp glarhsi.
Oxnszsr ovvruz. No. y cxxy srKxx,
Monday Evsnlng. FEB "a, 1865

ozna,r oyssqs. NO y g.n s,sszzl
TIE feature or the movement m insncisl circles
today has been . very sudden and heavy advance
IN rates Of Gold and Foreign Exchange, which
was soon followed by . corresponding decline IA
tie iermer and copsldefable falling of ia prices
OF the latter. Gold opened at l45 against 1850
1fs5. the closing figure on Saturday evening, and
in a short time several thousand dollars changed
hands at The. former hg1re. particulars Of which
have been alrnost wholly withheld. This unususl
ADVANCE IN Cod is due 10 error Ia the first dis
patch received which quoted the opening rate at
New York l4s3 aud Ia view OF the excitement
which prevailed throughout the city on account Of
Inc oiffculties reported at Washington on Sstur-
day, u u not at all surprising that the enhance
ment reported In the Northern Gold market was
looked upon Al. reliable By sons OF our most
astute hnancieFs. After very short interval,
however, a second dispatch came to hand, in
Which the previous quotation was pronounced
erroneous and giving. the correct opening price
as lf33. The market had already become
excited, however,. and although rates fmms-
dia!eiy. receded, the demand continued active,
with heavy sales throughout, up TO the
close OF business. as viii be seen BY the appended
statement OF actual operations. viz: 5000 aud
5000 IN lots 81 lf5 5000 sl7 coo and 200 at
1443, $4,000. $1,000, 5000. $50 900 aud s13J00 at
lat ss0o0 s5000 $4,000. sl2 00O $40 900. s26 900
and s95 0o0 at la. $1,000. $4,000 and s2O.00c at
1t31, $4,000 at 1881 1880 and $40 900 at l43 and
$4,000 small at 1922. Nothing has trsnspired 10
Silver worthy Of special notice and We now quote
1855, and Mexican Dollars ff5ells The error In sLo
early telegram from New ork proves to be wholly
accidental. The dispatch came usual to the agent
Of The telegraph company here in cypher. the
word in the agents book, as communic ated 10 the
dispatch, indicated l4s1. and although It was en-
breced IN i,he fractional quotation between 1l3
and IA. II might have readily escaped the most
vIgsnt expert IL is q typographical error
nothing more or iess-and as we have investigate
the matter thoroughly we give the readers Of the
CRESCENT the result OF our examination, feeling
tel IaA lImHm - - a.
ascertain the trpe cause OF the Gold excitement
IN our market to day will come to the same con-
clusion as ourselves. s,.- 80 80 "a
FoREIGS ExcHASGE-The error in the first G I'D
dispatch received from New York this morning
caused an immediate advance IN Sterling aud
Francs, and whilst rates Of the former rapidly
receded on receipt of correct information, those
Of the latter fell of gery slowly as the day ai-
vanced Offerings were at no time excessive, but
with steady demand throughout. we have 70 re-
port the appended sales, viz 5000 bank Sterling
In the morning at 1924 net; $1,000 and fl50Q
sight do. at liO4 for Gold; $1,000 sixty days do.
subsequently, at 1904 for do; fl400 aud fl5O0 do.
at 100 for DO; fl5o0 do at l5S for currency
$1,000 bankers do. at ISL; $1,000 bank do. at 1861;
f25O0 and f6S00 bankers do. at loo. aud fi700
commercial 90. at the same figure; fl5,009 con-
n.ercial, sold by one broker at l55Alll55i; $500
do. st 1865 $500 bankers at 1867; $4,000 COM
mercisl at 1855 f40o 900 bankers Francs by one
drawer, at 3.65; f250. 900 do. by others &C the
same figure, and 10000 do. at 1851. In view
il was impossible 70 obtain reliable quotations.
and we, therefore. deem il best to onis even ap-
proxfnating figures this evening.
Domestic ExCHAKGE-There Is no alteration
whatever to relor to in the movement under the
above heading. The supply and demand have
been fair since our last, and the total operations
foot up some 100000 at l q cent. discount at
bank, and t@ll l6 y cent. discount out OF doors
for sight checks on the Northern cities A sale OF
$40 COG ten days sight was also effected att q
cent discount.
UNcURRENr NoTEs AND SEoURIrEs-There has
been no sales OF Stocks or Bonds reported since
our last. and operations ia Uncurrent Notes were
restricted 70 the subjoined amounts. viz 5000
and $4,000 small city notes at b cent. discount
$500 do. at 81 y cent. discount $1,000 do. at 81
as u cent. disconnt; 500 large do. at 13t y
cent. discount, and $1,000 Louisiana State notes |
al So Z cent discount AS will be seea by the
shove, while ell classes Of city notes are weaker,
State notes have become almost wholly worth
less since the PRONUNCIATION Of Gen. Hancock's
order referring 10 the latter.
SPECIAL DIsvkTcnss.--wc indebted 90 \
the Western Union Telegraph line for copies OF |
the following private dispatches received over |
that route to-day, viz:
Neto York, FEB. 24.-Gold 1lsa tnnistaks in |
opening shonId have been l433.) l0:35 A. NJ
Gold l438. IL x.-Go dl43l. Cotton Transactions
mddling 2sc., Mobile 5ssc., Orleans $50, good
mddIing 24lc. Sterling 1l00il0i. 1916 IN
Cotton-a all grades declined lc. l:55 p. M.--G0ld
l42A. Mold 1879. Cotton market weak,
but demand fair low middng 22c.; -middling
235cs Mobile 23lc.; Orleans 23ic.; good mid
ding 2llc.;. sales to day 5000 bales. Sterling
steady. gE ro I..r
Lirepool, FEB. 24-1l:l5 A. M-Ootton market
dull estimated sales 10000 bales; upands Gid,
Orleans l0d. ) p. M.--Cott0n market qaiet; sales
$500 bales uplsnds SD, to arrive 93d.; Orleans
london, FEB. 2l-ll:l5 A. M.-coasols %.
Fiye-twenties 7l'.