The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-04-15
gsu Orleans Wunsp Tarket.
CRESCENT OFFICE, No. u Ckxr STREET,
Wednesday Evening, April IA. 1854

Wednesday Evening. April IA. is5s J
Operations in the money market disclose little
II any variation. Gold opened at New York this
morning at 1924 against 1924 the closing rate last
evening; at 1890 it stood 1t 1921 at Ills t ruled
at 1926 and at 8 P. NJ, closed at 1921. The sales
here to-day were tl2 500 at 1929 $500. $1,000,
$4,000, $500. $4,000, 5000, $1,000 and $4,000 at
1929 $4,000, $4,000, $4,000 and s25 900 stl32t and
slsGO, $40 600 and $4,000 at 1928; closing at
" 9 note the sale Of $500 Mexican dollars at
135.
FOREIGN ExoHANGB-Transaction in Sterling
and Francs to-day have been of an irregular char
acter, owing in some measure, no doubt, to the
unsettled state of the Gold and Bill markets
at New York, which almost wholly govern
market here. By the subjoined list OF actual
trspsactions Il viii be seen that rates have mate
rally advanced, however. and that sales have
been liberal: fl0 00e commercial Sterling at l4li
f1300. $4,000, f3006. $4,000 and ETA 900 do at l4l3
f95. 600 do at 14laGllll; f4Oo0 AL clear and pr
al l42l; and 10000 commercial Francs at 39Si.
We quote bank sterling ct lt2}0l43; commercial
do. at l4lt0l42; bank francs at s.s6{@3.s5; and
commercial do. at 3.se203973.
DOMESTIC ExoHANGK-The extended purchasers
of cotton for Northern account during the past
day or two have materially increased the offerings
kof commercial sight and short sight, while the
Fmittsnce demand continued without material al
teratiuu aDc, IN consequence, rates have declined.
However, for better understanding Of the actual
state of the market, We would refer to the sub.
joiued list of lodeys operations. viz: $4,000, $4,000
t25 600 and s25 900 sight on New York at par.
s30C0 SO 000 SIS 900. SIS 600, s25 600, s25 900,
t25 600, $50 GOO, $50 900 and $3.50, 900 do. at y
cent. premium, $4,000 do. at t03-l6 premium,
$40 600 and $4,000 do. at sic premium and
$4,000 thirty days. sight on New York at dis
count. We now quote bank sight on New York at
premium, and commercial do. at par at q cent.
premium.
UNcURRENT NoTrs AND SECURITIES Transac-
tons under the above heading have been more
Al e. A. @h~n Nor
treasury notes have advanced. while rates OF
other classes Of securities are without material
change. The sales to-day have been $4,000
city treasury notes at 27i02Ii 2 cent. discount
$1,000 city ten per cents at IS $2350 do. at sc
5000 past due coupons Of old state bonds at $50;
tl2, 900 State notes at 67G873; $1,000 do. at IS
$l3 900 state warrants at 67& SIS 600 do. a. 67tl
49, and shares jackson Railroad stock st 81 90
per share; shares stock Importers Bonded
Warehouse Company at 5000 per share.
SPECIAL DIsPAToHzs.-we are Indebted to the
Western Union Telegraph Line for copies OF the
following private dispatches received from that
route to-day. viz:
Neln York, Aprl 14-l0 A.. x.-Gold opened
at 1929. 1880 A. h.-Gold 1924. Cotton frmer;
middliDg 2sic.; Mobile 29c.; Orleans 29ie. Ster.
ling l07t@l0s3. Has A. M.-Gold 1929. Cot
ton-demsnd active at full prices, held middling
$780,; Mobile 2s}c; Orleans 29tc. Sterling steady.
8 p. M.-Gold closed Of 1921. Cotton-demand
moderate, prices firm. Sales 1000 bales. Ster.
hing steady.
liverpool, April 1l-1l:l5 A. M.-Cotton mar.
ket active estimated sales $4,000 bales; uplsnds
l2s@l2id., Orleans l2aGl23d. l:2O P.h.-Cotton
market active; estimated sales 1900 bales;
prices unchanged. p. M.-Cotton market firm.
lid.
;, London, Apra l4-ll;l5 A. m.-COnsOls $50
esq., 52O's 81.
Hdure, Apfl IA A. M.-Cotton opens firmer
Tres ordinaire l.473 low middling saoat Las.
Evening. market closed unchanged.
The CURRENCY BILL.-fn response to the re.
Quest of the committee on banking and currency,
the controller of the currency appeared at the
room of the committee this morning End discussed
the proposed redistribution rs contemplated IN
the Senate bill and the Coburn substitute. Moth.
ing Whatever was accomplished at this meeting.
He brought with him today, as asked by reso-
luton Of the committee yesterday, statement
showing the workings OF the lth section Of the
Senate bill, which takes away $50, 900 900 from
banks in States having an excess Of circulation,
commencing with bsnks having circulation ex
ceedng 81 900 600 In States having an excess of
circulation. and withdrawing one third Of their
circulation in excess Of 81 100000. He says there
will be taken
From Rhode Island Al47 800
FTem hs,sses ae''s az sa
To VII ch add ons third Of sIssss nom banks hiv
ing circulation Of over 81, OoO 346305
sas,as.Gi
The banks from which the excess viii be de-
ducted viii be as follows:
Excess
m lion Of
BOSTON. collars
Merchants Rational Bank. 5000
ktste National z6U
NEW YORK.
Tenth National l.g61 80
Central fsnk. S.yvg
B-nk OF Commerce. oUOU00
Met opolitsn bsnf izS9.uO
National Park 5SoUO
BALTIMORE.
Nsrchants National Bsnk. u0.eO
~ - - %
One third OF which excess s4b3V5o
II will be seen that the Senate bill. will in
roundabout way relieve New York Of s3,l42 $50
OF its present banking circulation. With the com
mttee as it now stands. eight for and one against
redistribution, we can hardly hope for reduction
of tie amount in committee, but strong fight will
be made against the whole fourth section In the
House.-[E. Y. Journal Of Commerce, April S.
GOLD FOR 0orToN-The Memphis Appeal has
a mandatory article on this subject, and re.
joices that the boards OF trade here and IN New
Orleans have taken the matter seriously 10 hand.
That policy, says the Appeal, Is no doubt des-
tined TO be adopted throughout the South. The
argument Ia its favor Is simple and irrefutable.
The New Workers get gold, or its equivalent in
frra ll2 4harr. afo MI tad whu