The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-08
Cha Ssm @rlsans Gresttni,
FRIDAY MORNING, JANUARY 8. 1869,
Herr Orleans Moneu Marhet.
CRESCENT OFFICE, No. "a CANT srnEBR, /
Thursday Evening. Jan. 7. 1850.

CRESCENT OFFICE No. "a CANT srsEsi
Thursday Evening Jan 4 l5t9.
The money market is essentially unchanged
Gold opened at New York this morning at 1854.
against 1857, the closing rate yesterday. AT
1890 A. it was quoted at 1885, at IL NJ. II ruled
at 1851 and at 3 P. NJ. Il closed at 1851. Opera
tons in this market disclose but little if any alter
alton in the demsnd or supply, and quotitions
still vary IN accordance with the fluctuations at
New York. We append particulars of the pria-
cipal sales to day as follows. viz $1,000 and 5000
at 1854 $4,000. $4,000 and sl7 500 at 1855
$780, $4,000. $4,000 and $4,000 at 1861. In Silver
we heard of sales of $4,000 Mexican Dollars at
1884, The closing figures this evening were 13jlb
1854 for Gold, l324Gl for American Silver Coin.
and l37i113s4 for Mexican Dollars.
FOREIGN Misunderstanding and Francs have
beenIfrmer to-day owing to the upward tendency
of gold. Offerings of commercial foreign bills
have been of restricted character throughout.
but the demand was of proportionately limited
tendency, and the total operations comprised only
the annexed amounts, viz; $4,000 commercial
l464; $4,000 and f2200 Al do. at l46A. Sales of
Francs included 100000. commercial at 3.S73f.;
200.000f. bankers do. at 3s6403 s5f, and Is ,00Of
bank at ss5f. We now quote bank Sterling at
Francs 3.s5@3.s3lf., and commercial do. 3.SS4@
3.s73f.
DOMESTIC DEMONSTRATING has transpired
since our last to alter the condition Of the Domes
tic Exchange market. Offerings of commercial
sight and short sight still continue ample, while
the remittance demand is fair and admits OF no
heavy accumulations. The following statement
includes all of the prominent purchases by banks
and bankers to day, viz: SIS, 900 New York sight
at % 80 II cent. discount $40 600, SIS 900, $50 000
$40 GOO and s75 900 do. at T. $25 900 do. at 1916,
$4,000, $4,000, 5000, SIS, 5000, SIS 500 aud
$4,000 do at l. SIS 900 10 days do. at 4, $4,000
20 do. do. at Il. $4,000 80 do. do. at l3QlB,
SIS 600 10 days Boston do. at II and $40 900 Gold
check on New York at D cent. discount.
UNcURRENT NoTEs AND SECURITIES Inactivity
ia the most noticeable feature of the movement
under the above heading, II we exclude levee
bonds which sold freely day. Offerings of most
classes are moderate; but buyers and sellers
views are somewhat apart on the question OF pri-
Gee. The total outdoor sales today have been
confined to the following, viz $4,000 city treasury
notes at 373 q cent. discount; SIS 900 Louisiana
State notes at 76c. y dollar; $1,000 city ten per
cents at 1885, $1,000 do. at 49, $4,000 Louisiana State
warrants at ST. $4,000 metropolitan police war
rants st 81: $4,000 do. at 6l3 $4,000 levee bonds
at 60; $40 600 do at 62!; $4,000 and $50 900 do.
at 622; and $40 900, 500 900, SIS, 900 and $4,000
do at SO. Sales at auction to day by Messrs.
Walton 4 Deslonde included 20 shares jackson
railroad stock at Sc Is and s shares Mechanics
and Agricultural Fair Association at s. 90 D
share.
BOARD OF BRoKERs-Ths following comprise the
sales at the. board tonight, viz: $3.50 and $4,000
gold stl35T.
Western Union Telegraph Line for copies of the
following. private dispatches received from that
route to-day, viz:
New York, Jan. 10 A. M.-Gold opened at
1854 1890 MGod 49, ;. Cotton otto dSll and
274c. Sterling l09j@ll05. IL M.-Gold 1854.
Cotton-market dull, declined lc; middling 26ic.,
Mobile &C.; Orleans 27ic.; Sterling steady. SP.
M.-Gold closed at 1854. Cotton-market quiet
but firm sales l40O bales; asking for middling
&c; Mobile 274c.; Orleans 27Ac. Sterling
steady.
quiet; estimated Gales 10000 bales; hollands ITO
lid, Orleans ll4@llsd. Shipments from Bonn
bav since last report to I'd inst IL 900 bales 1:20
P. M-Cotton market dull estimated sales IL 900
bales uplands Id, Orleans ii 3D., uplands aoat
lOid. 5P. M.-Cotton-marketd dull sales to-day
IL 600 bales quotations nominally unchanged.
London Jan. 7-ll:l5 A. M.-Consois 92s9
| 90. 5.20s 74}.
Hdrre, Jan. 7.-Noon.-Cotton market quiet
| tres ordinaire afloat l.27.
NTEREsg ON 6 s Lar IT
| which will be introduced 10 the House 10 few
| days prohibiting banks1from paying interest OF
| their deposits. II Is held that large amount o
money is kept out of circulation, and IN MAN.
| sections of the country stringency in money Il
| produced, through the banks keeping control o.
all surplus currency by paying small interest on
| sums deposited with them. To prevent this Is the
| object of the proposed legislation. raging inter
| est on deposits is, without doubt, fraught will
| mischief. II is bonus offered to secure business
| which has generally proved Improbable, in thu
long run, TO those banks which have practiced it
Some years ago, stipulation was made that nc
| member of the Clearing House Of this city SHOULD
ray interest on the balance Of any account.
The agreement held good for some time, bu
the competition of accounts tempted the oank
sgain to offer the bonus of interests on deposits
and the arrangement fell through, the Park Bank
we believe, being the first to break the compact
since which time it has become the rule rattle
than the exception, though few Of the most con
| sentative banks still refuse to adopt that metho
| of doing business. Nearly all bank managers &C
NIT that the system is not only Improbable. bu
| one of the main distractions to the proper distr
button of the currency throughout the country
But any law prohibiting the banks from payin
interest on deposits, should, uuquestona6ly, eS
| tend to private bankers and trust companies, FOL
il these latter were left free to offer bonus o
large portion of the business, to the NANTES
detriment of the banks.-[N. Y. Shipping List.