New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-03-27
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,,
THURSDAY EVENING, March 26, lsGS

OFFICE OF THE DAILY REPUBLICAN,
THURSDAY EVENING, March 26, lsss I
We have again to report an easy money
market for all Al paper and securities, while
the inferior grades are neglected and can
be negotiated with difficulty even at oner.
GUS rates. In fact, capitalists are reluctant
to touch even the best signatures if at long
date, being apparently apprehensive of
future developments, or legislation that may
change the measure of value. Good notes
well secured, are done on the street at from
down to Il % cent y month. Mortgage
paper continues TO rule at II ~ cent u an
. mum for irst-Class, with occasional trhhsac-
lions at rather better rate, and l3@l5 for
Al but not as desirable. The banks as
count most of the approved business paper
offered by their customers, ana are Tree
lenders, on call, on solid collateras-
Gold opened at l40@l4O4 against 1929 last
evening. and closed at 40. The sales in,
cluded sos 600 at 1897; 500, 600 in several
lots at lao; $4,000 AT l40!, and $4,000
OOOOO and 10000 at l40l. Nothing WAS
done at the board last night There was
some inquiry for silver, both for American
halfdollaTs and Mexican dollars.
With more liberal supply the movement
In foreign exchange was To an increased eN-
tent, tht sales of sterling including 100000
bill Of lgding at l5l4; $4,000 Al at 1919;
s4000 AZ I5l4; $4,000 private bankers at l52
elE2A; $4,000 do. at 1925 $4,000 at l52i, and
E60kl uank at 100 in gold In francs we no
ticelA sales of 600 bank at 3.724, and
$4,000 n 50 000 Al and 40 900 private bank
ers) a&3.7l4. The above rates snow but
little Y6iiatOn from last evenings quota
tons
domestic exchange was quiet but firm.
The banks continued TO check on New
York AZ q cent premium, at which they
met rather better counter demand. The
sales of commercial were confined to lin
tied amount at 4, SIG, and { premium Tor
New York sight, mostly Sic.
The sales of stocks included 80 shares
Hope insurance company az $50 90, and 70
City railroad at Sl7l. Nothing was done at
last nights board. We have heard OF no
further sales of city bonds.
City treasury notes we're heavy and sold
lower, but the only transactions reported
were $1,000 small at 25 y cent discount, and
$500 ut 244. Also, at the board last even,
ing. "wednesday night) S22,0O0, .t200O and
2O, 600 } at 24I, and SIG 500 u500 and $4,000
at %. Dealers bought to-day at rs and q
discount, and sold at IS. State notes are
quoted at 350373 discount, aud Bank OF
Louisiana notes at SOC. ID dollar.
The full particulars of the remarkably
bold robbery of the Canal bank will be
found in another column. 1t caused UNI
usual excitement in financial circles, no
bank officer feeling secure while he has
reason to suppose that his counter and
clerks are watched by such expert and
daring villains as must have been engaged
in this affair. A somewhat similar instance
occurred at another institution some time
ago, in which no discovery mas been made
of the thief. It is to be hoped that the lib
eral reward now offered will lead to the APP
prehension Of the robber and the recovery
of the money. an inspection of the spot
satisfies US that no blame should be attached
to the clerk.