New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1867-06-02
Monetary and Commercial.
MONETARY.

OFFICE OF NEW ORLEANS REPUBLICAN,
SATURDAY EVENING, June l. 1867
With the execution of cotton. have no material
variation to report in the general market the move
ments IN most departments OF trade having been
on restricted scale. Openings in leading
staple exhibited renewed activity. being stimulated
by the receipt of still more favorable advces from
New York and Liverpool and. hence the days bust
ness was quite liberal, comprising at the ose fuI
$40 bales, at improved prices, the market c'osing
rather unsettled but with strong upward tendency.
Increased stagnatiop has been the prevail ng
feature in the coin arket. Gold opened this
morning Dominally at 1885, against l361S the opening
rate at New York. but subsequent advices being less
unfavorabe, it underwent slight improvement,
and closed steady at about 1884, There was no
neon session Of the board of brokers. In the open
market the cash supply restricted, and the sales
light, comprising the following sums: $780, 5000,
and $4,000 at l3e; $4,000 at 1885, and $4,000 at
1861. In silver we note sales OF $500 American
halves at 129, and 1000 Mexican dollars in different
lots, at 21s92si T. cent. premium for gold.
There was little activity noticeable in foreign
change, although the demand fair throughout
The amount Offering extremely light, and the
negotiations restricted the contamination of several
sales being prevented by the inability of parties to
agree as TO rates, The negotiations Of sterling to
banks and bankers were restricted to the fol Lowing
bills f2O0O bi of lading atl45a $4,000 Al at i7A4;
and G2600 bank At ISL The sales Of francs comprised
500 AL commercial at 3s5 O. 900 and 10000 az the
same 5000 at $685.; 100 900 at the same and 300
bankers sight at 3.75 Sterling may be nomnally
quoted at H55@l46 for bill of lading bills l47@l4sl
for AL to first-class, and l5O1s9l5l for bank and
francs at IS for Al commercial and ia for bank
= Domestic exchange continued quiet but firm. J he
banks checked on New York at 4 q ,cent. premium
at which they met with only moderate demand,
The supply of commercial was small and the es
inconsderble, $4,000 bankers at 7-l6 q cent. pre-
MUM $4,000, S3OOl0 and $40 0OO New York sig ut,
at a 5000, $1,000, 5000, $1,000 $40 0O0 sl2 COO
$1,000 and $4,000 at = $1,000 days at the
same and 900 three days at "a q cent. discount.
The closing rates for commercial sight were ,5a r.
cent premium.
Stocks dull and inactive, There were no sales
at the board and none that reported outdoors.
City bonds were inanimate, no sales be
ing reported throughout the day. The Goa.
soidated are still quoted at $780, and the
railroad issues at 1880, according to the
coupons. Louisiana ei1es are quoted at 5000;
Jackson railroad first mortgage bonds at 1904;
jackson railroad change issues at 7O975c
and Opelousas railroad first mortgage bonds with
eight matured coupons, at 5i,s55.
In uncurrent money not ced sales Of $50 City
Treasury notes dargeJ at SIC. a dollar; 5000 do
small at 9i &C. Bank of Louisiana notes quoted
| at n943c, q dollar and State Treasury notes al
s4Ss5c the inside figures being the rates paid by
dealers for the small offered at their counters
many of the retail dealers receiving the latter in
| trade at par. City Treasury notes rule at SOC Z
cent. discount, national currency being the STANDARD
| They the general medium Of exchange in ouI
| local and city trade.
There was no business transacted at the night ses
| sisn Of the board on Friday evening