The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-19
Bsm Orleans Nontp @arkei.
cEss nsr oyyrcr, No. % oAry srrrrr,
Saturday Evening. Jan. Is 1854

u
rates OF Gold and Foreign Exchange, Influenced
by sdvices of 9 downward tendency of rates of
The former at New York. The offering supply Of
cash Gold was Of a restricted character through
out, and the demand WAS very light from the open
ing TO the close of business will be seen by the
annexed statement Of actual sales, viz $500 and
5000 in the morning at l38 $1,000 at l371GI37l,
$500 ard 5000 at 1874, $4,000 and 5000 at 1874.
and $1,000 ct 1871. Sales OF silver included 1000
Mexican dollars at l40. 1000 do. at l404 and some
trihiDg lots Of American Silver coin within the
range Of our quotations. which now rule as fol-
lows viz: Gold l47Gl4T3, American Silver coin
13l3Gl323, and Mexican dollars l39Gl40. .
FOREIGS ExcHAHGE-Ste-ling and Francs hive
been depressed to-day by the downward move
ment OF the Gold market, and rates of all classes
have been still further reduced. The offering
supply was ample to. meet all ordinary require
ments, and the demand was at no time better than
moderate from the opening 10 the close of bust.
ness. We snbjoin the principal sales, as follows.
viz: $1,000 bill OF lading Sterling at 1881; 5000
do. at l4sl; $4,000 and fl2, 900 bill of ladng and
clear bills-the latter amount sold by one broker
n, l49t; $1,000 clear at $50; $1,000 do. at 1901;
$4,000 DO at 1902; f2e00, $4,000 and $4,000 bank
do at 1904; so 0OOf.. 81, 000f and lIO OOOf bank
ers' Francs at 3.7s3f.; 50,000f. do. at 377Af.;
Is 0O0f. sight do. at 3 75f.; 2000O0f commercial
do. at 3.s0f.; 20 000f do. at 3s3lf and some bank
sight and sixty days. sight, in small lots, at
ceptional figures. We now quote Bank Sterling
at l5016l5l4; clear Bills at 14s@l50; bill Of
lsdingtbills at l4S@l49; bank Francs at $3.50
3.7Of., and commercial Francs at 3 .S24l13773f
DOMESTIC ExCHAHGE-There is no alteration to
refer to under the above heading. offerings eou-
tnue light, the demand on the part Of remtters is
still restricted and rates rule precisely "a they did
ten days ago. We subjOin the purchases by banks
and bankers since our last, as follows: viz: $40 900
and SIS. 900 bankers sight on New York at { u
cent. discount, $4,000 $25, 900 and SIS 900 com.
mercial do. at lille u cent. discount $4,000.
sl2 600 and SIS 900 New York. 500 900 Boston and
$44 600, $4,000 and $75 900 New York do. at u
cent. discount. We continue TO quote ! ~ cent.
discount at bank, and ll16@l3 l6 y cent.
discount ont Of doors for sight checks on the
Northern cities.
UHcuRRENT NOTES AND SECURITIES Operations
in Stocks and Bonds have been wholly suspended
since our last, and the movement in Uncurrent
Notes has been restricted to trifling sales of
city and State issues, at easier prices for the
smaller city notes. The total amount has been
confined to sales Of $1,000 and $4,000 city notes at
81 d cent. discount, $4,000 do. at 313s u cent.
discount, $1,000 DO at 81 q cent. discount. $1,000
large DO. at l24 y cent discount. $4,000 do. at 10
~ cent. discount, and $1,000 Louisiana State notes
al 80 ~ cent discount.
REAL EsTATE-Thers was large amount Of
city property offered az the Merchants Exchange
10 day, but, despite the fact that considerable
number of capitalists were present, the bidding
was dull and dispirted throughout. Nest of the
property sold, which Is located in the suburbs OF
The city, went of at very low figures. Messrs.
Walton & DesoDde effected a sale, however, Of
the brick store No. 81 Camp street, now occupied
by the Western Union Telegraph Company. for
$34 Geo. which may AFFORD some indication of the
present value Of real estate in New Orleans.
SPECIAL DIsPATcHEs.-We are indebted TO
the Western Union Telegraph line for copies OF
the following private dispatches received over
thst route to-day, viz:
Neto York Jan. 1910 A. M.-Gold opened at
1884. IL A.H.-Gold 1884. Cotton Demane good;
prices advanced: low middngs l6tGG}c., mid.
dlDgs F4c., Mobile l74c., Orleans lsc., Good
middlmg Isle. Receipts for week 20 600 bales.
Sales $4,000 bales. Exports. IL 300. Stock on
hand Al 600 bales. Sterling l05i6llOt. I'm
Gold 1888. Cotton demand fair; prices firm and
nominaly unchanged. Sterling steady. Receipts
of cotton at all ports in the United States for the
week &c 500 bales; for the season. 10000. 3
p. h.-Gold 1885,. Cotton holders ask an advance.
Buyers operate with caution. Sellers now ask &c.
higher than last quotations. but prices 5are
nCminaly unchanged. Market quiet; sales COCO
bales
- LiUapool, Jan. Is-1I A. M-Cotton market
active. Estimated sales 10000 bales. Upauds
7id. Orleans Sd. p. M-Cotton-demand &C
tive prices advarced Id. Uplsnds 7Jd.; Orleans
sd. Sales to-day 10000 bales.
London. Jan. 1911 A. N.-Consols 9236925.
Fiye.twenties 7lE@72. P. M.-Consols 92s for
money and 924 on account. Fiye-twenties ~.
NIw YORK MARKET.-The appended statement
OF the New York market for the week ending the
llth instant, is from Messrs, l.. p. Morton x Co.'s
circular of the latter date, viz:
Since our last advices there has been general
improvement in the aspect of business affairs.
The temporary suspension of currency contraction
by the secretary Of the treasury, and the retorn
OF fluids sent TO the interior for removing the
cIOpS, have 1nduced an easier cOndluOn oil tue
banks and the Loan market is well supplied with
funds at 6 per cent. on demand. IL is generally
felt that. while the severe monetary pressure of
late months has caused injury to some it has yet
had The effect of placing affairs upon more cJn-
servative basis. and business is consequently re.
lieved of much Of its late apprehension and hest.
tation. ..... ...-r
United States Securities. after q somewhat pro-
tTaoted depression, growing out OF the condition
of The money market, have assumed more activity
and Grmness. The decline of gold from l4O to
1888, without a corresponding advance IN i've
twenties abroad, has Induced the purchase OF
moderate amount of bonds in the foreign markets;
but the subsequent rise in the gold premium has
30 changed the relative position of the home and
foreign markets, that bonds, including skies Of
1881, fve-twenties and ten-fOrties, are now being
shipped to Europe On the 3lst December, the
skies Of ls47 maiured. II is estimated that about
Sc, coo, 000 Of these bonds are held in Europe. As
yet, however only about 81 600 have been
actually redeemed: so that probably consider
able amount still remains in the hands of foreign
holders Below. we append an official notlhca-
tion that holders Of these bonds, not presenting
them for payment before the lst of February next,
will be considered by the department as having
waived their right TO present payment and the
bonds will be, after that date, liquidated at the
pleasure of the government, but will nevertheless
continue to bear interest at the former rate. The
secretary of the treasury, however. will treat
bonds IN transitu on the LIST of February, for re.
dempton the same as if presented before that
date.
um appear TO have been chiefly the result Of
speculative operations. The exports Of specie
have been Unexpectedly large within the last four
weeks; but at the same time the receipts from
California are on enlarged scale, while the
treasury payments in coin, due on the lst inst
amounted to the unusually large aggregate oil
$50 .OOO0 600.
Cotton is assuming a irmer tone. in sympathy
with the probabilities of a largely reduced crop in
lSGS. The heavy losses sustained by planters 10
on the present crop have deprived them, TO large
extent, of the support Of the factors, and have
exhausted their own means that, with very
many, il is an impossibility TO plant this season
even did they consider the prospect encouraging
II is yet pTobematicsl what relief may be afforded
10 the cotton interest by Congress. The Senate
has passed resolution exemeting the crop OF 1865
from taxation; while the House Of Representa-
tiyes has declared in favor OF permanent repeal
of the tax. From a careful survey OF the cotton
region, We satisfied that the present crop i
not likely 10 exceed 2,250,O00 bales; and, judging
from preparStions for planting now in progress
ii appears inevitable that the next crop must fal