The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-04-03
Hem Orleans Roneu SElarhet.
CRnscErs orsIoz, No. q OAnr srrsxr,
Friday Evening. April 2. 1909.

CKnGCEUI No. q OAuP
Friday Evening. April 2 1863.
There has been very little alteration to notice 10
the movement in financial circles since our last.
Currency has been abundant throughout, but the
demand for accommodation on the part Of bust
ness men exhibits decrease. At no time since
the close Of the war has the money market been
in more healthy condition. Rates OF interest
and discount remain nominally unchanged, how
ever, and We would again repeat: per cent.
per sBnum at bank and l@l4 % cent. per month
out Of doors for short gilt-edged paper, and 100
IL per cent. per aDnum for long date notes, Sc
cured by strictly AL city mortgage.
GOLD AND SnvER-The movement In Gold and
Silver has been of moderate character. The
supply has been very restricted throughout.
Rates have been generally steady, being governed
entirely by the movement in the New York mar
ket. In Silver, American halves snd quarters
continue to rule at 2303 points below Gold, while
Mexican dollars are steady at 2aG3 % cent. pre-
MUM on Gold rates. The sales to-day were:
$40 600 at l32@132I; 500 at 1921; $500. $1,000
$1,000 and $4,000 at 1921; closing at 1872. Nothing
reported In Silver.
FOREIGN ExcHASGE-From the opening to the
close Of the week under review, has evinced con-
siderable unsteadiness, and rates have materially
declined. Offerings of commercial Sterling and
Francs have been heavy, and the demand has
however, the market being entirely governed by
the movement of Gold and bills ct New York.
The sales to-day have been $4,000 Al bill lsdng
Sterling at l40, f60O0 do. at 1404 fll000 Al clear
Sterling at 14l. $4,000 bank Sterling at 107i paid
by Gold check on New York at par; and 20, 000f.
bank Francs 9.9s2f. We quote bank Sterling at
14l@l4l1, commercial do. at 40@l40&, bank
Francs at 400, and commercial do. at 403{614.024.
DOMESTIC ExcHANGE-Has continued In ample
supply, and rates under the influence of
a restricted remittance demand, have de-
clined. The following comprise the prin.
S sss Yo sss: 'Sds CENT ,s ssc0e oS st
$40 OeO, SIS 600. $4,000 and $4,000 do. at par;
$40 900 do. at Lie premium; $1,000 and $4,000
New York at q cent. discount. and $40 900
thirty days do. ct discount. We quote bank
sight on New York ct i@4 premium, and CONNER.
cial do. par@i premium.
UNcuRRENT NorEs AND SEcURITIEs-There has
been marked let up In The movement under the
above heading since the date Of our last weekly
summary. Some few favorite classes have still
further appreciated, but most others have either
slightly receded or continued dull ct previous quo
tstons. City treasury notes are especially mac.
tive, as holders are unwilling to offer them freely
ct present prices. while buyers do not seem anx.
ious to increase their supplies in the absence Of
information as to the probable market value of
the bonds to be issued for their redemption. Hav-
ing heretofore furnished full particulars Of all &C.
tual sales reported up to last evening. 1t now only
becomes necessary to present statement of this
days operations, which we do as follows, viz /:
$1,000 city treasury notes ct "a y cent. discount;
$1,000 State warrants ct $50; $4,000 city temper
y
$l4 coo do. at 96{; Sill 900 do. at 96a; ~ share
Carrollton Railroad stock at $50 per share; 500
shares Ship Island Canal ct 81 per share. We are
pleased 10 learn that the accrued interest of the
city ten per cent. bonds IL being promptly paid ct
the fiscal agency, the Southern Bank.
SPECIAL DIsPATCHBs.-We are indebted TO the
Western Union Telegraph Line for copies Of the
following private dispatches received from that
route to-day, viz
Nesc York, April 2--lo A. Mold opened
at 1914. 1880 A. x-Gold 1919. Cotton inactive;
prices dropping; middling, 2sac; Mobile 2slc; Or
leans 29c. Sterling steady. P. N.-Gold closed
at 1914. Cotton dull and nominal; sales 1000 bales,
middlfng 2sac; Mobile 2s3c; Orleans 2sc. Sterling
steady.
Liverpool, April 2-1l:l5 A. Motion mar.
ket dull. Estimated sales 5000 bales. Uplands
l2sd.; Orleans l2sd. Sales Of the week 81 900
bales; exports 5000 bales; for speculation 1000
bales. Stock on hand zoe. 900 bales, Of which
5000 are American. lao P. M-Cotton market
dull. Estimated sales 5000 bales. Prices IN
changed; stock sfoss 100000 bales, Of which
l60 900 are American. 5 p. M.-Cotton market
Fat. Estimated sales today 5000 bales. Up
lands 12}@l2ad.; Orleans l230l2td.
London, Apra 2-1l:15 A. M.-Consols 92iQ
s15. sos S3i. l:20 P. x.-Consols s2tGss.
Hdrrs, April "a. x.-Cotton opens quiet.
Low Middling ahost 1453. Evening
closed dull; low middling afoat 1462.