The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-31
gtm Orleans yttonsp Warh&t.
uRlsSEEf oyyIcz, No. q OAny srxnrf,
Tuesday Evening. March so. 1859.


The money market has disclosed no marked al
iteration during the semi. week under review. Cur.
rency still continues abundant, and the demands
for accommodation by frst-class borrowers are
exceedingly light Rates Of interest and discount
remain nominally unchanged, however, and We
would again repeat: per cent. per annum al
bank and l@l4 u cent. per month out of doors
for short giltedged paper, and l0@l2 per cent
per annum for long date notes, secured by strictly
Al city mortgage.
GOLD AND srLvER-operations in the precious
metals have been Of q very restricted character
during the three days now under review. Offer.
ings of Gold have been limited throughout, those
Of Silver were merely nominal. The demand has
been generally inactive. while rates have been
steady and show but little variation from the quo
tations in our last weekly review. American
halves and quarters continue to rule at 23Cl3
points below Gold, and Mexican dollars are al
23@3 u cent. premium on Gold rates. The sales
to-day were; $4,000 at 1919; $4,000 at 1919 /;
$4,000. $40 000 SO 900 and SIG 900 at 1872; $780,
600 at l32t@l32l; $4,000, s50OO $4,000, $1,000,
SIC, GOO and SIT 900 at 1871 and $40 900 at 1921
closing at l3lgQ132. In Silver We note the sale
Of $1,000 American halves at 2Sa, and $1,000 do.
deliverable tomorrow at 20.
FOREIGN EXCHANGED Transactions in Sterling
and Francs have been more active during the past
three days under review than for some time pre-
viously. offerings have been moderate while the
demand was fair, and rates have generally been
steady, although a slight Improvement in Sterling
huu u ululuG uecilno 10 FRANCS ID uOuco4Olo as
compared with our Fridays quotations. The sales
to-day have been $4,000 and $4,000 bill lading
Sterling at l404; fl500 do. at 140i; $4,000
Al do. at l40a; $4,000 do at 140} f36 900 AL clear
and bill lsdine do. at lo3@l4 Ella 900 do. at laos
OLA; "a goo bank do; At laii; fl5ooo do. az
at 4.O2.; 100000 do. at 40l4@4.02t; 200 900 Al
do st 40lI; l00, 900, 100 600 private bankers do
at 4.0l4. and 60 900 do. at 400. We quote Bank
Sterling at l4l@l4l4; commercial do. ct l400
l403; bank Francs at 400, and commercial do.
at 4.03394.024.
DOMESTIC ExcHANGE-Owing to the liberal of.
feriDgs and q restricted remittance demand, the
market has declined % cent. since our last sum.
mary. The following comprise the principal sales
to-day, viz: $1,000 sight on New York at par !;
$4,000, $4,000, $4,000, $50, 900, $4,000 and
$l50,000 do. at ! premium $4,000 and 100000
do. 81 3-l6 premium; $40 .000 $4,000 and $4,000
do. ct 1 premium; $40 900 sixty days' sight on
New York at II discount. We quote bank sight
at 403 premium, and commercial do. ct pre-
MUM TO par.
UScuRRENr Norxs AND SECURITIES Despite
the plethora of currency, the demand under the
above heading can hardly be regarded % % &C.
tive or excited as for some weeks past The fact
10, ell Of the better classes of securities have
been so far enhanced that spectators can see bat
little prospect for any further Improvement in
rates, while holders exact extreme figures on &C.
count Of not finding any better more desirable in.
vestments on the market Operations for the past
three days have been light. but as we have here
tofore given full particulars of Saturdays and
Mondays sales, it now only becomes necessary to
add st3tsment of to-day's transactions, which We
do as follows, viz: $500 City Treasury Notes at
rs discount; 0000 State Warrants ct 81; $4,000
do. at $50 $1,000 and $1,000 do. at S9 $4,000 State
coupons at So: $25. 900 Six Per Cent. Levee Bonds
at 6s{ net; s26 900 do. ct $50 end $1,000 Metro
politan Police Warrants at 500.
RESUMPTION OF SPECIE PAYMENT.-Mr. Garfield,
chairman of the House committee on banking and
currency, has received from Hon. Amses Walker,
OF Maesschusetf3, communication on the subject
OF the resumption Of specie payments, In which
the writer urges: That Congress authorize the
jesue of compound interest notes, precisely like
these with which the people are familiar, to az
extent eqnal to IFS treasury notes, say $360. 000.
600, or % many % may be required to redeem the
greenbacks. Let them be of the denomination of
S., SO, $40, and $50 with eimilsr proportion of
500 and $1,000 for large operations. Let these
commencing with the first day OF July next, when
$40 600, COO ehould be made ready 70 ISSUE and an
equal amount on each succeeding month, until
the entire quantity has been furnished. Let these
notes be converted into ten.forty bonds, ct per
cent, like those heretofore issued ct the end of
two years from date, but not before. Let Congress
imperatively declare that these notes. and no
OTHER, be paid out for oil Disbursements OF the
treasury, except those payable In coin, 90 long e.
there are sufficient to meet the wants Of the gov
and IL the whole monthly issues are not
put 10 circulation, let the secretary of the treas
ury be required to exchange them for green
backs, as be will undoubtedly be able to do, since
hey must be preferred TO the latter.
BOARD OF BRoKEEs-Tbe sales ct the board 20.
! ght were 5000 gold at 1872.