New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1867-06-29

MONETARY. s

| s55ts
| OFFICE OF NEW oRLEA Ns 51nff1ExzeAN.
| FRIDAY EvENfNos JuhHl ~ i165- "a
The commercial week closes this jxssning 3stA AM
increased movement in several departnen Is of f&6
| Sugar and moasses were in fair defnHfd atbetk6r
| prices for the former and western produce *
hibited considerable vitality, attended with CON
tinued steadness in flour, additional frmness in
oats, and further advance in while operations
IN cotton were on more liberal SCALE the ransac-
tons at the close summing up fully 2OO0 bales, at
prices generally within the range of previous quota
TONS the market closing with tendency to greater
regularity The sales for the week embrace bales
against II $50 last week and 300 the we elk before
We nave again to report an inactive coin market.
Gold opened this morning nominally at l37s4@133.
against l33, the opening New York, but sub
sequent advces being less favorable it eased off, then
reacted, and closed firm at l3s9l3s14. The counter
supply was inconsiderabIe throughout, and the
demand was of triling character, only moderate
business has been done, embracing $4,000 at l3I7s
$780, $780, $780, SOOO and sl0C coo at 1885, $4,000
the same, and $1,000 1885,. The sales of silver in
Guided $500 in American halves at 1917, go Mexican
dollars at l4lli 200 do. at the same, and 1850 do.
at 1il1a
At special meeting of the board of directors of
the Southern bank held this day semi-anuual divi.
dend OF four dollars per share, free of government
Ia was ueclareu from the earnings OF the past six
months. This, in view of the financial difficulties
against which our banking institutions have had to
contend during the past six months, is hattering
evidence of the prudence wi n which its business
has been conducted and speaks well for the presi-
dent, Mr.. Layton. and his able ccadutor, Mr. Deve.
reux, the esteemed cashier.
The movement In foreign exchange has been at
tended with very little animation. The off rings
were more liberal, especially commercial bills but
the inability of parties to agree rates. as well
the unwilingnes of drawers to accede to conditions
demanded by dealers, prevented the negotiation of
several heavy sums Under these circumstances the
sales were small, including the following bills to
banks and bankers e3OC0 bill of ladiug sterling at
l4o, ejOC0 at li9@li9 GOOD Al at l49s $50 three
days sight at 49, and $3.50 bank at 49, In francs
noticed sales of j0G00 Al commercial 75 5000
bankers at Pa $1,000 at the same and 90 OOI bank
at 3.7l. Sterling may be nomr ally quoted at 1850
1885, for bill of lading bills l49@oa for Al to first
class and l52Gl52l for bank and francs at 377l for
AL commercial and 70 for bank.
Domestic exchange continued dull and inactive
throughout the day. The banks checked on New
York at lzas {, cent. premium mostly at the latter
rate. The counter demand light The supply
of commercial limited and the sales incon.
considerable comprising: Sl5,oOl and $4,000 bank
checks at "a q cent premium $40 600 at a. $40 600
| same and $1,000 at a. The closing rates for com
mercal were i495a {. cent premium for sight, 80
SIC for one days. par to % Il cent discount for ten
to twenty days, 5s676 discount for thirty days. and
292i! for sixty days.
Stocks dull, no sales Transporting from the
opening to the close of business. The transfers at
the office of the New Orleans City Railroad Company
for the week ending this evening comprise l0 shares
we quote stocks as follows