The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-14

THURSDAY MORNING. JANUARY IA, 1859.
gem Orleans Moneg Narket.
CRESCENT OFFICE. No. "a OAxY srRxzt,
Wtdn tsdsF Evening, Jan. is, 1859

wednesday Evening. Jan. is. 1859
TIE money market moves along quietly. G)ld
openedet New York this morning az 1855 agssrst
1859 the closing rate yesterday. At 1890 A. NJ.
il ruled at the opening figure. At Has A. N. i,
still quoted at 1855, and ats p N. IL closed at
1851. Operations IN this market have been of
very restricted character throughout, and rates
have varied In accordance with the alterations 70
prices at New York. We append particulars -
The principal sales follows viz $40 900 at 1885,
$4,000 at 1855, s45 0c0 at l35s@l35f, and $1,000,
$4,000 and 5000 at 1864. Sales of silver included
$1,000 Mexican dollars at 1884. $1,000, 5000
1919, $500 do. at 1871 aud $1,000 do. at 1872. We
now quote Gold at l353@l35s, American Silver
halves at l3l4@l324, and Mexican dollars at
l372@l3s4.
FOREIGN ExcHAEGE-0wing to the stringency
OF Gold and Foreign Exchange at New York quo
tations here have shown symptoms Of an upward
movement since our last. The market Is but very
poorly supplied and the demand. though not
heavy or general, js more than ample to absorb
the total offerings. We subjoin particulars of the
principal sales today as follows, viz fl5OO and
f2CO0 Commercial Sterling at l46s; fl50O and
f6o00 Al do. at l46 fl600 do. at 1885, f2500 do. at
1465, and $1,000 bank do at l47a. Sales OF Francs
have been limited to 100000. private bankers at
l4Ii for bank Sterling, 146a@l47 for commercial
do, 3.s2A for bank Francs, and 3.6644S.S5 for
commercial Francs.
DOMESTIC ExcHASGE-Incressed irmness has
ment under the above heading to-day. offerings
of commercial sight and short sight were very
light throughout, while the remittance demand
has been equal to- If not IN excess Of the previous
average. The annexed statement includes all of
the principal purchases by banks and bankers
since our last, viz: t25, 600, $40, GOO, $50 000
s7G,C00 and slC0,0C0 New York sight at y cent.
discount; SIS, 600, $4,000 and $35 ,000 do. at FL
l6 $4,000 do. at lll693; s45 900 do. at Z; $50 600
ten days do. at IL; $50 COO fifteen days do. at 81
SOS, 900 do. at IL; $40 900 thirty days do. at 2;
$40 600 sixty days do. at 8; SIS 900 fifteen days
Philadelphia sight at 81 $40, 900 thirty days Frov-
dence sight, payable at New York, at II; $1,000
Boston sight at 4, and $4,000 sixty days do. at
u q cent. discount. The closing rates this even.
ing were q cent. discount at bank aud s@4 u
cent. discount out Of doors for sight checks on
the Northern cities.
UNCuRRENT NoTEs AND SECURITIES ten
per cents and Louisiana State Notes are stiff /;
city treasury notes are Inactive and the general
Iun Of stocks and bonds are firmly held but con.
tinue inactive. Transactions to-day embraced
only the following amounts, viz $1,000 Louisiana
States notes at sic $1,000 do. at SIC $500 do.
at SAFE; $1,000 and $4,000 do. at $50; $4,000
Bsnk of Louisiana notes at &c.,; $4,000 past due
coupons on old Louisiana State bonds at s4c.;
$500 and $4,000 do. at S5c; $1,000 Louisiana State
warrants al S5c. $40, 900 do. at Solo, $1,000 do.
at s63c ;2700, s56l5, sll 900 and $50 400 at S6lc
1000 Elk Il cent. levee bonds at66c 1000 do.
at 67lc.; $4,000 do. at price that has been
Withheld, and $4,000 eight y cent do. at 77c.
Sales of stocks comprised 623 shares Opelousas
Railroad Company at 81 l23 per share +; 200. 200
and 1000 do. at so Is 500 and 600 do. at 81 so F;
200 do. at 81 623 lis Bank Louisiana do. at
81 62A so do. Crescent City Bank at s26 so, and
loo do. on private terms. The following sales
were made at auction to-day, by IA. w. Pafrey,
auciioneer so shares Bank Of Louisiana at soc.
per share 80 shares Louisiana State Bank at
$40 so 10 shares UEion Bank stock at s334
so shares Crescent City Bank at s26 so; 81 shares
Bank of New Orleans at sos so; 30 shares Gas
Light at 1909 80 shares Bank of New Orleans a,
$35 so 10 shares Gas Light at Isl.
BOARD OF BROKERS The following comprise the
TRANSACTIONS at the Board TO night viz: $500 city
warrants at rs; $4,000 State warrants at "a $751;
COO do, sellers option sixty days at S33 slooa
city bond in favor of railroad, with Msrch coupon
at 6S4.
SPECIAL DIsPATcHEs.-We are Indebted TO the
| Western Union Telegraph Line for copies of the
following private dispatches received from that
| route to-day, viz:
Ne1r York, jan l3-l0A. M-Gold opened 81
| 1854. 1890 "A. M.-Gold 1885, Cotton market
very firm; holders asking higher rates. Middlinp
29c.; Mobile 294c; Orleans 293c. Sterling l09l
CLIO. HAS A. M.-Gold 1855. Cotton-Demand
| good prices advanced. MiddlinR 29G29lc.; Mo-
| bile 2940293c. Orleans 29302e}c. Sterling
steady. P. H.-Gold closed at 1857. Cotton
demand fair; prices firm. Sales 64O0 bales. MID.
ding 2s4@2s3c Mobile 2ss@29}c.; Orleans 29l
| @30c. sterling steady.
liverpool, Jan. 13-Il:l5 A. M.-Cotton market
active; estimated sales 20 600 bales; uplands Id
| Orleans II ID. l:20 P. M.-Cotton market active
Estimated sales 10000 bales. Uplands ii ~. Or
leans lid; uplands afioat lad. S P. M-Cottou
market closed active. Sales to-day 10000 bales.
| Uplands liz Orleans lid.
London, Jan .l3-ll:l5 A. M.-Consols 92I
ass, 5-20s, 74s. lao P. M.-Conso 92s, EOS ISL
Hdcre. Jan. ia. M.--Cotton market lower.
| Tres ordinaire l.30.
The GOLD PREMTUM-0ne month ago gold was
rapidly declining. The prospect OF the disburse-
ment Of 80 millions Of coin by the treasury in jan
usry, was considered likely to effect the market to
such an extent that nearly all became sellers, IN
der the idea that the price would fall to 100. OF
possibly even lower. Suddenly, however, the
| downward movement halted. and after Remaining
few days at 1884 9l34 the price rapidly advanced
10 1874. The considerations producing this chap
| in the temper Of the market appear to be these
| An unexpected exploration of specie set in last
| month, resulting from the lnadequacy Of our cur
rent exports TO cover our maturing obligations
upon the free impor taiions of about three months
| ago.
The depressed condition Of the South, and the
probability Of its being unable TO grow more than
| half a crop of cotton next year became more gen
| orally known and appreciated, and aspecolative
demand for cotton set in which 1t is thought may
cause portion Of the cotton crop TO be held back
| from expectation until late period, causing 10
| the interim free expectation of specie. The
price of bonds 10 Europe failed to advance CORES.
| pondngly with the decline in the gold premium,
| and consequently bonds were shipped from Lon.
don to New York. Moreover, the tenor Of the
schemes of Congress for consolidating the debt and
| for rendering government bonds subject to local
taxation were construed by some es sayoriug OF q
lack Of proper regard for the rights OF bondhold.
err. At the came time, the impression appears
to have been gaining ground thatin futore Europe
| is likely 10 import a much less amount of our
bonds than in the past, and that, being deprived
Of tbis means Of paying for our iuportatious, we
shall be necessitsted to ship large amount Of
gold in settlement Of foreign balances.
| The parties operating upon these views appear
disposed to make the most Of them, and are at
I length being opposed by party OF strong sellers,
I who appear TO think that, all things considered,
I 1876 is as high as gold should at present range
| The bear side ms'1tsin that the supply com
ing out of the treasury has not yet had its ial
| effect upon the market; that, although we have
| been importing five-twenties, we are now export
ing al we have lately received from Europe; tina
| cotton is being shipped freely at higher prices
and is likely TO realize for the rest OF the cotton
year more than DUNG late weeks that oar i'm
| ports for this season are likely to be very light
| that, on the opening of navigation, we shall have
large surplus Of produce for expectation snt
that there Is nothing 10 either the financial or pc
liticsl Tendencies OF congressional legislation Il
excite unessiness.-[New York Commercial Bol