New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-27
alew Orleans Republican.
OFFICIAL JOURNAL Of THE UNITED SlAitS'
OFFICIAL JOURNAL OF THE CITY OF NEW ORLEANS
OFFICIAL JOURNAL OF THE REPUBLICAN Party
Monetary and Commercial
a
NEW ORLEANS REPuPLLoAN OFFICE q Egs3


WTpSfspAY EVENING. February &C. 1853.
The uufavorabIe state of the weather to-
da1 had "A depressing influence on trade
foenerally, and the money market partook OF
nc prevailing inactivity. Nothing how
ever, TRANSFERRED to indicate any change in
street rates for good paper well secured,
which are l@l4 u cent ~ month, mortgage
rates ruling at about the same. We notice
that Mr.. G. 7. Baddecke, one of our Old ana
substantial citizens, has been elected presl'
dent of the City National bank.
Gold opened at l423@l422 but on the re-
ceipt of the New York kilograms declined 10
1418, and subsequently sold down to IA,
which was the closing rate. The sales IN
cluded SI2, 900, sis, 900, aud $4,000 at "a;
$4,000 and Sl4 900 at l4li; S5OOO at l4l4i
$40 600 at 14l, and l424; $1,000 and SI9,OVVa t
142; $1,000 and $4,000 at l42s, ana SSVvO ~
lA52. In silver we notice sales Oh IVY aleAl
can dollars ut 1881, and some retail lots oil
American halEdollsrs at 10. The latter
are quoted at I34@l35, and the former ut
l434s6I435 in currency, and q cent pre-
TIC movement in foreign exchange was of
con- iderable extent, but at lower rates, IN
aceo dance with the decline IN the new
YORK gold market The sales OF sterling
included a moderate amount OF good bill OF
iadine st 1924; s250O and $4,000 Al at 1926
5O0 ata52i; $4,000 ana $4,000 at l53; mod
fe amount at 1881: $50 600 in several
8 lle st l530Dl0jts, anu I-Vuu paHA anu
pf ate b.ukers' at 154. In francs we
no eed. san of q, 600 and $4,000 drstciass
at so. n banks offered only 3.T34 Tor
Al. n AT thu close sterling was quoted at
1521o153 for Al bill of lading and clear,
and u t6ll55 G bank; and francs at 3.i5@
3.72A DE AZ OF mercial, and 3.fO(gj.6l3 for
private bank RS and bank.
Domestic exehenge was dull and droop-
ing. The banks continued to check on New
York at Il u cent discount at which they
met a moderate demand. Commercial was
weaker, sellers asking Ill6, but the banks
unwilling to pay over l. The sales included
$4,000 (private bankersO at J; $4,000,
Sl5,000 and SIS, 900 at ll.l6: $50 coo, $50,
O00 $4,000, $40, 900, and $4,000 at I, and
some sight on st. Louis at l..
There was come inquiry in the stock mar
ket, but we heard of no sales, excepting at
the board last evening, when rs shares
Mechanics and Traders bank sold at $40 so,
and 1000 Opelousas railroad at l23; also,
at thirty days, sellers option, fiat, 800 latter
at So so.
City treasury notes improved. The sense
less panic under which they declined on
Monday has ceased, and their evident tend
ency is to previous rates. Dealers bought
at l4@15 discount for the large, against I6
yesterday, and sold at 1904, against Is.
The sales included $3.50 at Is. Dealers
bought the small bills at discount against
s yesterday, and sold at 6, against Z. These
figures show general Improvement of
% cent, and a partial advance of 2. The
only sale of state notes reported was $4,000
at 479c. ID dollar. We heard of no INQUIRY
for Bank of Louisiana notes, which are
nominal at 30935c. % dollar.