The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-09-05

t9ew Orleans yflunep sflark ct.
CRESCENT OFrIrE. No. % CaNP STREET,
FRIDAY Evesfng, September 4, 1865

CkkSCENT OFrlfE. NO ~ CAN'T STREET.
friday Evsying. September 4, 1855.
There is nothing whatever to notice in the way
OF an Important alteration in the movement 10
financial circles fince the close OF the last bust
ness year, the 3lst ult. Unlike the ruling 10
, Western cities, where the banks are frequently
strained 20 the utmost tension to afford facilities
for moving the crops, there Is scarcity of cur
rency here, and the demands for accommodation
close but little If any increase. At the same time
rates of interest and discount continue nOminally
unchanged, and we therefore repeat as the govern.
inR figures, per cent. per annum at bank, and
1014 per cent per month out of-doors for short
giltedged paper, and l0Ql2 per cent. per snnum
for long dated notes secured oy strictly A
city mortgage.
COLD AND SrLvER-Notbing OF any importance
has transpred IN the Specie market since the date
Of our last review. Offerings of Gold have been
light throughout and the local as well as the spec
ulaiive demand has been Of usually restricted
character. Rates also have been more uniform,
and the fluctuations have been less frequent and
OF less force than for some time past Silver also
has been very inactive, and the few lots offered
for ssle changed hands at 6617 points below Gold
rates for American halves and quarters, and 4I15
~ cent. premium on Gold rates for Mexican dol
lars. Rates 10 day disclose still further Decline
but offerings Of cash have been more ample.
Operations embrace the following amounts VIZ
$1,000 Gold st i424 s50O0 $40 900 and s35. 900 do
at l42l; $1,000 and s25 900 do. az l425; $1,000 and
$25 900 do. at las. and $1,000 do at 1881. Sales
vi SILVER Embrace tlfUU American 1AlVeS AZ l3bf.
We now quote Gold. l4240l42l; America an
Silver coin, lS6GlS6l; Mexican dollars.
1472Gl4S1
FoREIGs ExcHANGE-The tendency of all classes
Of Exchange is in favor OF buyers and remitters
but the supply of Commercial Sterling and Francs
discloses no increase whatever, and while the in.
quiry for drafts shows but little Improvement the
banks and private drawers appear to be exceed
ingly slow and reluctant about reducing their ask
ing figures. Operations since the date OF our
m haUa hao Of ffo1
character, and the net variations in rates of an
unusually trifiing amount Rates to-day, owing to
the decline in gold, are still lower. Operations
embrace only the following amounts. viz: $1,000,
rfl5O0 and $1,000 bank Sterling at 1904 for gold !;
$1,000 Al commercial at 1854; SO, O00f. Francs at
1924, and rs DOOR. private bankers Franco at g.
We now quote bank Sterling l57 commercial l55
f.. @l66t bank Francs 3.65@3 ga, and commercial
do. 3.6s}G3 67A.
DOMESTIC ExcHANGE-With some improvement
in the purchases of cotton during the past few
days for the Northern and Eastern markets, there
has been moderate increase 10 the supply of
commercial sight and short sight upon the mar
ket. The demand on the part Of remitters has
exhibited no marked improvement, however, and
outdoor rates have given way fully t04 u cent.
Total purchases to-day by banks and bankers
comprise the subjoined amounts, viz: $4,000,
5000. $40 900, $4,000. $4,000, sl2 900, SIS 900,
$40 900, s24 600 and s25 900 New York CONNER.
cial sight ct par, s o 200 do at l6 d cent prem.
ium, $500 do. at ~ cent. premium, and $40, 900
do. on Boston at u cent. discount We now
quote I b cent. premium at bank and par to u
cent. premium out OF doors for sight checks on
N, rthern cities.
UHcURRENT NOTES AND SECURITIES There have
been some trf1ing fluctuations in City and State
notes since the date Of our previous summary
owing to rumors OF contemplated action for their
redemption by the municipal and State author.
ties. After considerable discussion on the subject
by both bodies, however, no definite plan las yet
been adopted and it Is doubtful whether either
possesses sufficient financial experience to coun-
teract the depreciation of the City and ate notes.
or 10 devise q plan that will reinstate them as
current issues. Bank of Louisiana notes continue
wholly neglected, and the movement in the gene
raj run Of securities is still entirely suspended We
append the actual sales to day as follows, viz
$1,000 City notes at 49, and $50. 900 do. at 334 b
cent. discount, SIC, 900 Louisiana State warrants
at Tic. y dollar, and 100 shares Bank of New
Orleans stock at s34 so y share.
oPsCIAL DIsPAroHBs--We are indebted to
Che Western Union Telegraph line for copies Of
Che following private dispatches received from
that route to-day. viz:
Ne,o York, Sept. 40 A. M-Gold opens l43E.
No Cable received yet 1890 A. M.-Gold l43i.
Cotton du1 and nominal: mlddling 30Ic. Mobile
3Oac., Orleans 30}c. Sterling l09l@lO9f.
liverpool, Sept. 4-ll:l6 A. M.-Cotton market
declined. Uplsnds l0Id., Orleans lid. Est.
mated sales 10000 bales. Sales for the week
$1,000 bales-for export $4,000, for speculation
5000. Stock on hand 5l2 900 bales, of which 49,
900 are American.