The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-17
gew Orleans @unep Tiarhet.
ORxsoEEr OFFICE, No. % OAxr STREET,
Tuesday Evening. March is. 1879.

| tuesday Evening March Is. 1853. J
There Is no alteration of any kind to notice in the
condition of the money market. All of the banks
are amply supplied with currency, and anxious "a
I use their surplus on satisfactory terms bur the
cash sales OF our merchants. and the promptitude
with which country obligations are being met,
prevent anything in the shape of stringency, and
keep frst-clsss houses constantly flush. Rates of
interest and discount are still unchanged however
and we would again repeat: Eight per cent per
annum at bank and l9l4 per cent. per month out
OF doors for short gilt-edged paper, and l00l2
per cent. per annum for long dated notes. secured
BY strictly Al city mortgage.
GOLD AND SILvER-Transactions under the
above heading have disclosed continued dullness
IN the specie market since the close of our last
weekly review. Offerings Of Gold, though light
were more than ample to meet ordinary REQUIRE.
ments throughout, and the demand has been al.
most exclusively confined to purchases for the
payment of duties from the opening of the week.
Rates have varied from day TO day. however in
accordance with alterations in quotations at New
York, and on the whole prices have fuctuated TO
a much greater extent than for corresponding
days in several pr vious weeks. Silver has been
scarce and in fair request throughout, and the
triting lots thrown upon the market have sold at
l3@2 points below Gold rates for American halves
ana quarters, and 2303 per cent. premium on
Gold for Mexican dollars. The sales today were
5000 $40 OOO and $4,000 at 1872; sl2 900 at 1926;
$4,000 at 1921 TO 1924 $4,000 and $4,000 at 1921
$4,000 at 1923 $40, 900 at 1924 closing at l32@I32t
Nothing reported in Silver.
FOREIGN ExoHANGE-Tbere has been moder.
ate daily movement in sterling and francs during
me past three days. Offerings Of commercial
bills indicated some increase and the demand was
steady throughout, though at no time active or
general. Rates varied from day to day in accor.
dance with the alterations in gold and exchange at
New York. The sales to-day have been $4,000 AL
clear sterling at l423; $4,000 private bankers do
at l43t; 10000 commercial francs at 3.973; 35 600
private bsnker'ssdo. at 1891; We quote bank
sterling at l434Ml4j3; commercial do. at l42n
l42s: Bank France a! 3.9SiQ3.924; commercial do,
at 3.971@3.964.
DOMESTIC ExcHANGE-Has been in moderate
supply and demand throughout since the close of
our last weekly review. Rates have slightly re-
ceded within the past day or two, however, as re.
mltters appeared disposed TO hold back for larger
offerings Of commercial and consequent lower
quotations for checks. The following comprise
The principal sales to-day, viz: $5000 $4,000
$4,000, $50 600, $4,000, $50 900 aud $4,000
sight on New York at I premium; SIS 900 do. at
DIG premium. We quote bank sight on New
York prem. commercial do. premium.
UNcURRKNr NoTEs AND SECURTTIEs.-There
have been as usual considerable fuctuation no.
tceable under the above heading since the date of
our last review. The market has been less abun-
DAINTY supplied with more favorte classes than
heretofore however, and with a steadily uninter.
lupted demand, the general tendency has been in
favor of holders. We have in previous articles
furnished full particulars of the actual sales up to
last evening, and now find il only necessary to
add statement of this days operations, which
we do as follows, viz: $500 city treasury notes
at 26 discount; $1,000 and $4,000 do. at 25s; |
$50 goo do, buyers option twenty days, IS; 5000
and $4,000 city ten per cents at 1913 $4,000 State
notes at So; $4,000 do. at s98 $1,000 jackson rail.
road bonds at soy; II shares Citizens Bank at |
sl47 so per share.
Ship Island stock, we learn, has an upward ten. |
dency. IL Is reported TO have been sold at vari.
Gus prices yesterday on the street. small lots |
bringing as much as $4A % share.
PROMPT PAYMENT OF LOUISIANA STATE OBLIGA-
our remarks under the above heading /
10 yesterdays CRESCENT have been misunderstood 1
by some few OF our readers, we will endeavor to |
elucidste for their especial benefit and gratifica-
lion. We stated that Messrs. Pike, Brother & Co.
were paying the interest and coupons due on Ger.
tain obligations Of the State which were desigua-
ed IN our article, but we did not intimate that the
above responsible firm, however willing TO do so,
we're in condition to meet any more than the obi.
cations accrued since the first day of January |
1869. Ia fact special tax of enc per cent has
been assessed to meet the delinquent claims, and
hessrs. P, B. d Co. have only been for tilted with
means TO discharge obligations maturing subse.
luent to the date already referred to. The State
treasurer has supplied them with funds to pay the
coupons due on ali Louisiana State bonds for Jan
larry, February and March of this year, and il ia
confidently expected that he will be equally
prompt in providing for all future exigencies up
o the first day OF January, 1870 at least.
BOARD OF BRoKERs-No sales to night.
SPECIAL DIsPATCHEs.--We are indebted TO the
western Union Telegraph Line for copies of the |
GLOWING private dispatches received from that
cute to-day. viz:
Neao York, March 1910 A. M.-Gold opened at
3l9. 1880 A. M.-Gold 1915. Cotton market
asier. Sterling l09@l093. IL M.-Gold 1914
'otton market inactive; prices dropping but nomi-
ally unchanged. Sterling steady. P. M.-Gold
losed at 1919. Cotton weak but demand mod
rate. Sales l400 bales; middling 2sl02sSc.,
lobile 2sa92s2c., Orleans 2s@929c. Sterling
0sE@l092.
Liverpool, March l6. Ills A.M-Cotton market /
MET; estimated sales 5000 bales; uplands la |
I'D, Orleans l24@l25d. Shipments from Bombay
nee so last rsPest 70 the llth instant 600 bales.
poo bales; prices unchanged. P. M.-Cotton
arket nominally unchanged. Sales to-day 5000
ales.
London, March l6-1l:l5 A. M.-Consols 92EA
}. 5.20s $50.
HaUre, March l6, P. M.-Cotton closed quiet
I'd steady; tres ordinaire LAB, low middling
loaf LA