The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-02
Hew ORLEANS StIOnep ytiarket.
CRESCENT oFTIOE, No. 81 OAxr STREET,
Monday Evening. March /, 1859.

Monday Evening. March l. 1853.
The money market exhibits steadily increasing
ease. Gold opened at New York this morning at
1871 against Is T. the closing rate Saturday even.
ing. At II NJ. j; ruled at 1919. At 2:l0 P. NJ. il
stood at 1872 and al P. NJ. it closed at 1917. The
demand and supply in this market have been of a
moderate extent throughout, and quotations dis
close fractional advance on the days operations.
We append particulars of the actual sales as fol
lows. VIZ: 5000 and $40 900 Gold at 1913; $500,
SIS 600 and $780, 600 at 1917; So, 600 at 1919; &c.
coo and $l0,0 at 1916 $4,000 and $40 900 at 1872;
$4,000 and $4,000 81 1921; $4,000 and $4,000 at
sale of $500 American half dollars at l28, and one
of $1,000 Mexican dollars at l34l J..
FOREIGN ExCHAHGE-The movement il Sterling
and Francs has been partially suspended all round
to-day. The market was at no time better than
nominally supplied with commercial bills, while
the remittance demand was wholly confined to
one or two buyers. Rates were slightly frmer,
however, IS will be seen by the following sales
and quotations. viz: $1,000 clear bill at l4lt. and
40 600 bank Francs at 1861. We quote bank
Sterling at l43@l434, commercial do. at l420
l423, bank Francs at 3.96l93.95, and commercial
do. at 3.9S4G39 73.
DOMESTIC ExCHANGE-Transactions under the
above heading exhibit an inactive but firm market.
Offerings of commercial sight and short sight
continue restricted, and the inquiry the psrE Of
remitters is fair though by no means active or
general. We would refer TO the following state.
ment for particulars of to.dsy's purchases by
Oonke ara DdDkefS, VIZ SlU,UUU, tl9,UUU, fkU,OOU
and $40 900 sight on New York at par; $4,000 do.
at lie premium $4,000, $4,000, $4,000 and
1000 do. at premium $4,000 one days sight
onNew York at discount $ls 600 fifteen days
do. at ! discount $500 sixty days do. at II
discount; $4,000 sight on St. Louis at par; 5000
thirty days date on Augusta, Ga, at II discount.
We quote bank sight on New York at u cent.
premium, and commercial do. at parG1t d cent.
premium.
UEouRRENr NorEs AND sEcuRrrrEs-The move.
or1A hach q
but limited extent since our last and no material
alteration has transpired in rates of any class so
far as we have been advised: The following in.
clude ell of the principal sales for the day, viz
$40 600 city treasury notes at 754 discounts $4,000
and $40 600 do. at 26; $45 500 do. at 263 $1,000
Bank of Louisiana notes at &c. per dollar $1,000
State notes at Sc; $500 do. at SCI; $1,000 State
warrants at $50; $4,000 metropolitan police war
rants at SIS 5000 do. at S53; $4,000 and $1,000 do.
at So 000 six per cent. levee bonds at Y
$4,000 do. at 7l3 and $4,000 eight per cent. do.
at 9l3.
BOARD OF Brownsville following comprise
the sales at the bosrd to night, viz $1,000 city
treasury notes at 26a per cent discount.
SPECIAL DIsPATCHKs.-We are indebted to the
Western Union Telegraph Line for copies Of the
following private dispatches received from that
route to-day, viz:
Ne,o York, March Ito A. M.-Gold opened as
1915. 1880 A. M.-Gold 1917. Cotton quiet and
firm. Sterling l0ss@lO9l. l2N.-Gsld 1919. Cot
ton dull and nominal. Sterling steady. 2:l0 P.
h.-Gold 1872. Cotton market dull and nominal
middliDg 294c.; Mobile 29ac. Orleans 29lc. Sterl'
ing l09Gl09a. 3 P. H.-GOld closed at 1871.
Cotton duh aud nominal. Sales 700 bales. Middnng
294c.. Mobile 293c., Orleans 292c. Sterling
Lscerpool. March l-Il:l5 A. n.-Cottou mar.
ket quiet. Estimated sales 10, 900 bales Uplands
llld., Orleans l2ld. lao P. Motion easier,
not quotably lower Estimstedissles 10, 900 bales
5 P. M-Cotton market dull. Sales 5000 bales
Prices unchanged.
London, March 1-l1:l5 A. x.-Consols 80.
SOS so. 1:20 P. M.-Consols %. 20's so.
Hare, March Cotton opens easier. Tres
GrdinsiTe LAO. Low midding afost unchanged.
IMPORTANT FINANCIAL BILL.-The House, on
he oath, after bitter contest, passed the most
important financial bill of the session, known as
the ScheDck measure, providing:
That in order to remove any doubt as TO the pur
pose of the government to discharge all Of its
just obligations TO the public creditors and to
settle conflicting questions and interpretations of
law by virtue of which such obligations have been
contracted, by declaring that the faith Of the
United StsIes is solemnly pledged to the payment
in coin, CT its equivalent amount all interest bear
ing obligations, except in cases where the law
authorizing the issue or any such obligations has
expressly provided that the same may be paid in
lawful money or other currency than gold and sill
yer; provided, however, that. before any said H.
erestbeariDg obligations not already due shall
mature or be paid before maturity, the Obligs-
tons not bearing interest known as the United
States notes, shall be maze convertible into coin
at the option of the holder. 1t IL further provided
that any contract heretofore made payable ia
coin. and the consideration of which may be
loan of coin, or the sale of property, or the rem
derpg of labor or service of any kind, the price,
which as carried into the contract may have been
adjusted on the basis Of the coin value thereof at
the time such sale or rendering OF such service or
labor, shall be legal and valid. and may be en-
forced according to its terms, and on the trial OF
q suit brought for the enforcement Of such con.
tract, proof of the real consideration may be
giyen.n