New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-26
MONETARY,
NEW ORLEANS REPUBLICAN OFFICE.
TI1nsn.z E.-En-In.n EahrnnrY % laaa

NEW ORLEANS REPUBLICAN OFFICE.
TUESDAY EVENING. February 20, 1859
We have again to notice quiet money
market, without any new feature since our
last report. The banks discount all az
proved business paper offered by their Gus
toners, and are free lenders on solid collst-
erals. On the street good notes, satisfac-
torily secured, are negotiated at l@ll u
cent 70 ponth. Mortgage paper is still
quoted at l2@l5 y cent o annum. At the
same time there is demand from parties
who can not furnish the requisite security,
but capitalists decline to part with their
funds excepting where they are perfectly
Satisfied as 10 us safety.
Gold opened at 142A against l43 last even
ing, and after sales of round lots at l43,
closed at l423. The sales include $40, 900
and SIC, 600 at 1921; $1,000, Sis, 600, and SIS
600 at l42l; $1,000, S5OOO $1,000 and $50,
600 at 142A; S250O and Sl0,0 900 at Sl424; and
$1,000 and $40, 900 at 143; also, at the board
last evening, so, 200 (S5000, $4,000, and $40,
0O0) at l42l. A gold check on New York for
$40, 900 was passed at % cent discount. In
silver we noticed sales of 1000 Mexican dol
lara at l44R. American halfdollars may be
qugted at l340ll35, and Mexican dollars at
l4483Dl4 Ia currency and % centpremium
gold BE sales of sterling included $1,000
atl5a; q 800 Al bill of lading at 1873; flOOO,
$1,000 zNo0, and $4,000 at 1888; f20OO, f50Oe,
5000 arl| G2O 600 at l54; 10000 at lS4s;
and f5Ood 81 iO9 in gold, and $4,000 at
100 lac. small amount of bank was sold
at l552 ffancs we noticed sales of
sc, 00Ot Al tSmIn ercial at 3.7l4; $4,000 at
$40; 20,00o4 4otOO, and an additional
amount at 3tE5; 1000 and 80, 600 at 3.678;
and 60,009 sght s.65. Sterling may be
quoted at sa@ q for Al bill Of lading
and clear; sl5f{ l0I irst.class; and l553@
1855 for ban K; and francs at 81 HOS. 675 for
the former, and g. 65@3. 623 for the latter.
Domestic exchange opened at about pre-
Yious rates, but was rather heavier toward
the close. The banks checked on New York
uniformly at ] u cent discount, and the
sales of commercial included $4,000, S20,
600, $25, 900, and S25,0O New York sight at
ll.l6 discount; $780, 900, $4,000, and $780,
900 at 4; 100000 at l@l3-1G; and $20,-
900 ten days sight at IL.
The only sales of stocks reported were 500
shares Jackson railroad, deliverable all this
week, at 81 624, and at the board last even
ing 234 shares Crescent City bank go and
I'D at S24.
We heard of no sales of city bonds. They
are quoted at 79@s0 for the consolidated
and 66a67 for the railroad issues. The last
sales of Opelousas railroad first mortgage
bonds were at 5lA, and Of Jackson railroad
first mortgage at 65. Louisiana state skies
are nominal.
City treasury notes continued depressed,
dealers buying at l6 discount for the large
and 8 for the small, and selling at Is for the
former and car for the latter. The sales
include $1,000 large at IA discount, and $4,000
at Is; and $4,000 small at u. At the bank
last evening $1,000 small changed hands at
8. The only sales of state notes reported
were $4,000 at 4sc. q dollar, and some retail
lots at so. We heard of no inquiry for Bank
of Louisiana notes. They are quoted at 80
I35c. u dollar.