The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-01
Ban erleans Mansu Harriet.
Uxzsuuur oprson, No. - oAnS svnms, I
Fnday svminG. July 81, lsoa


- 81 -h.rn u NJ Friday Evening. July 81. isea
TEE MONEY Misunderstanding In still the most
prominent feature Of the Money market. There
are but very few business notes maturing at this
reriod of the commercial year, and owing TO the
dulness In the general trade Of the city there is
an unusual falling on In the number Of new obli-
cations created or offered for discount and sale.
At the same time the banks and private capital
lists are amply sup piled with currency, and accom-
modatiou can be readily obtained at previous
rates, viz: 8 q cent. % annum ct bank and l(0lt
u cent u month on the street for short eiitedged
paper, and lo@l2 y cent. annum Tor lens dated
notes secured by strictly Al city mortgage.
GOLD AND SILvER-Rstes Of the precious metals
still tend rapidly upward In accordance with the
flights of the New York market. Gold has been
in moderate supply and demand throughout sne
week at constantly enhancing figures. which dis
close o net improvement Of about b cent. as
compared with the ruling prices on the Gath inst.
Silver has also stifened considerably, but the ofer-
ing supply has been at no time much better 'nsn
market we're usually absorbed at 3G4 points below
Gold rates for American halves and qusrters, and
3@I q cent. premium on Gold rates fos Mexican
s"b;ored amounss. viz: 5000 and 5000 Gold At
145; $1,000. and $4,000 do. ct l45t $1,000 5000 ana
SIS, 600 do. at l454. and $1,000 and 5000 DO. &C
l451. Sales of Silver have been confined 10 drio-
let's, and We now quote Gold at l459l4St, Ameri-
can Silver coin at l3ea@l37 and Mexican dollars
FoREisN Misunderstanding and Francs have
been generally quiet but very firm from the open
ing to the close of the week ending this evening
| The supply Of commercial bills having been a.:
most wholly exhausted operations were uniformly
restricted to bank and bankers bills, which, even
under very limited demand, ruled at steadily
| advancing figures, owing to the heavy upward
| movement In Gold rates at New York. Trsnssc-
| tons to-day comprised only the following amounts,
viz $500 Bank Sterling at l6O. $500 do. at llOf
| for Gold, 20, 900 and 10 900 Bank Francs at $50.
We now quote bank Sterling l60, clear bills 1854
| @l59, bill of lading bills l57@l57t. bank Francs
| S550i3 $50, and commercial do. 3,60Q13.573.
| DOMESTIC Notwithstanding whatever has
transpired to materially affect the condition ofthe
| Domestic Exchange market during the past week:
| The supply Of commercial sight and short sight
| indie a,ed rapid approach 70 xls1stion, while
| the inquiry on the part OF remitters was a. no
| time active or general. Rates disclosed CONSIDER
| able uniformity. however, and quotations under.
/ went no alteration during the week. Purchases
| by banks and bankers to-day embrace the follow
| ing amounts, viz: $4,000 New York commercial
sight at par, $4,000 do at u cent premium, and
$1,000 do. at D cent. premium. SIS 600 do. &C
ZIG 70 cent. premium, and sl0,500 I've days aud
sll 900 ten days sight on New York at par. We
still quote d cent. premium at bank, and tCDf
~ cent. premium out Of doors for sight cnecks on
| : UscuRRESr NoTRs AND SECURITIES The action
and rumored contemplated action Of the so called
| Louisiana State legislature has afforded ample
scope 10 the bulls and bears TO practice their usual
manipuations to rather liberal extent during the
| past week. Rates Of city money have gone mp
| and down In accordance with the reports from
| eur nominal seat of government, and While some
parties have been benefited by such alterations
| others-and we regret TO say that the latter con-
stitute the majority well as the most deserving
| of our fellow-ctizens-ha submitted in many
| cases to O heavy sacrifice on their city issues.
Louisiana State notes have also huctuated TO some
extent, but operations In them have been COM
| paratiyely light, while Bank OF Louisiana notes
| were wholly neglected throughout and operations
in Stocks and Bonds have been confined tomode
| rate sales of q few favorte securities. We ap
pend particulars of the total actual sales to-day
as follows, viz: $500 City notes at SO, $4,000 do
at 81 SIC 600 do at 362, $1,000 do at SO, and So,
600 and $4,000 at 35l o cent. discount; Leve'
State bond at Csc. and $4,000 Louisiana Stat
notes at roc q dollar. ...t
oPxoIAL DIsrAroHEs.-we are indebted y
the Western Union Telegraph line for copies Q
Ne,o York, JUN sl-I0 A.M.--Gold opens ll5I
! 1880 A. M.-Gold las. Cotton market quiet bu
firm. Middling 2sic., Mobile 29lc.. Orleans SOC
! Cotton market firm, holders asking higher rates
middling 29tG30c. Sterling steady. 3P:H--Gol
I, closed ll4t. Cotton, demand good, prices tend
ing upward. Middling 30c., Mobile 304c., Oriean
3Otc. Sales 26eO bales. Sterling steady.
liverpool, Judy 3l-ll:l5 A. Motion mai
ket firm. Estimated sales 1900 bales. Upland
94d., Orleans sd. Sales for the week s. 900 bales
| for expert IL 900 bales for speculation 700
J bales stock on hand 55S 900 bales, OF whic
: 800 900 are American. lao P.h:-Cotton msrke
. | buoyapt Estimated sales Is 900 bales; upland
ed; Orleans 10ld. Total cotton aioat estimate
at 7S6 600 bales, of which 1900 are American
Actual American cotton now in Liverpool $3.50
bales mot 800 900 ss estimated this A.
M-Cotton advancing Sales to-day 5000 bale'
London July 3l-ll:l5 A. N.--Consols e4lt
s4t. Bonds 72t. 6P. M.-Consols and bonds ri
changed.