New Orleans Republican., 1868-05-14
Monetary and Commercial
oFFIOE OF THE DAILY REPUBLICAN.
MEnNEgnAY ENENING Maz Il lals-
ALFRED B0URGES,
Sccretarv.
MON ETARK.

OFFIOE OF THE DAILY REPUBLICAN,.
"WEDNESDAY EVENING, May l3 1865 )
We have no material change to notice in
the money market proper but if anything it
was rather easier than yesterday. The
| banks continue to discount most of the
approved business paper offered by their
customers, and are free lenders on call or
for short periods when secured by satisfac-
tory collaterals. The street rates for AL
commercial paper are l@l4 u cent per
month"; and for second class l4@l4. In both
cases, however, lenders require the security
| OF sound COllaterals Ms we'll as good sigma
lures. Mortgage notes are negotiated at
HOP Is cent per aHnum for Al, both as to
property and signatures but with excep.
| tional transactions at TO- and second.class
at l3@lj,
Gold opened at 1905 against l39s at New
York;, and after sales as hi h as l4l, closed
at l4O9@l404. There was more movement
ia the market, although the transactions
were only to a moderate extent. The sales
included $500, $4,000 $4,000, and $4,000 at
liO4; $1,000, $4,000, and $4,000 at SlAOi;
$4,000, $4,000, and $25, 900 at l402; and S5OO0
ut l4l. At the Board OF Brokers last night
| (ruesday nighO $4,000 sold, sellers option
f., three days, at l4Oa. Ia silver we noticed
sale early in the morning of a small lot of
! 500 American half dollars at 1871. Toward
the close the market was easier, American
halves being quoted at lS58@196A, and Mex
lean dollars at 2924 premium in gold and
| li33 in currency.
With rather more active movement in
! cotton the offerings of foreign exchange
| were to an increased extent, without any
| material change in rates, the business in
sterling including fl0O0 and el5 900 AL at
| l5S, and E2T00 bank at l54; 10000 private
| bankers francs sold at 3.G75. We now quote
| l525@l53I for good to Al bill of lading
and clear, and 1884 % l54l and l544 for bank;
/ and francs 3.700Q3.6Sl Tor Al commercial,
and 3G74@3 65 for bank.
With hight offerings of domestic exchange
and a moderately fair demand the market
was a shade frmer without any ouotable ad-
vance in the rates. The banks continued to
check on New York at II cent premium.
The sales of commercial included $40 600
and $4,000 New York sight at 1 ~ cent
premium, $1,000 at 3.lG and $40, 900 at /.
We notice sales also of $50,000 private bank
| ers' sight at 5-l6.
the following at auction by Messrs. Palfrey
q Co., to wit: shares Gaslight at Sl47 so;
| 10 Bank of New Orleans at SIG 25; 10 Cres-
cent City Bank at S2l so; 40 Opelousas Rail.
road at SOC; and one share in the Varieties
company 81 S5I0; also the following insur,
ance script: $40 New Orleans for 1861 at s.;
$3.50 Merchants for go and '6l at 80; $50
Sun for '5s $50, go, and i6l at G2; Sl4 20
Home for SO, $50, and 6l at 474, and $2lO
! Louisiana state fer iel and 100 # 2gl The
sale was made at the Office OF the auctloneers
and attracted quite numerous company.
We hear Of no sales Of city bonds, which
are quoted at 7S@sO for consolidated, and
62@63 for the railroad issues. jackson
railroad first mortgage are quoted at 721G1
75 0pelousas first mortgage 42i@45, aud
State leVee at 5000, but there is 80 little
doing in either of these that the above
figures must be regarded to great extent
as nominal
The proceedings at the City Council last
evening appeared to have favorable effect
upon city treasury notes, the market for
which opened with increased firmness, but
subsequently lost some Of its buoyancy, and
closed rather easier. The sales Included a
moderate amount at 50 discount, $1,000 at
321; $4,000 at 80; $1,000 and $4,000 at 34t, and
some additional sums at 32a6344 The
dealers bought the small sums offered AT
their counters at 34@36, and sold at 320934.
Nothing reported In State notes, quota
tions for which are nominal.