New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-16

Monetary and Commercial.
oEFIoE OF THE DAILY REPUBLICAN,, 1
WEDNESDAY EVENING. January Is. lees

nEF1CE OF THE DAILY REPUBLICAN,, 4
WEDNESDAY, EVENING. January Is. lses :
The money market exhibited to-day no
D,steriAl change. Outside of the immediate
;nanence of the cotton market there was a
strong demand beyond the supplies of avail
me capital, and good notes, secured by
soi;d aollaterals, could hardly be negotiated
~ less than I4@ll4 % cent q month, while
sscond class were quoted at 2 y cent and
Fiji more onerous rates according to the
Svrs s of orrowe1s. Mortgage paper
rules at l20l5 % cent discount, the former
~ The board of directors of the Louisiana
national bank has been reduced from twelve
members to seven, and at the election yes
tsrdsv the following gentlemen were chosen
~ serve the ensuing year: Messrs. James
Robb. E. A. Bradford, Joseph II. Oglesby,
John n. Witherspoon, William A. Johnson,
:. II, Kennedy, and Henry Hull. At the
srbseauent meeting of the board, Mr.. james
Robb was elected president, and Mr.. Henry
Hull vicepresident. Owing TO the absence
Mr.. Robb, Mr.. Hull will be for most of the
lime the presiding officer, duty for which
he is we'll prepared from bis experience as
Gold opened at 14oA, but under the de,
s messing influence of the kilograms from
4 New York soon declined to 1885, and sub
seOuentlY TO 1879, which was the closing
Z
equal sums at 1873; $1,000 at 1881; $1,000 and
$1,000 at 1889; $4,000 at 1883; $1,000 and $3.50
al 1891: Sl00G at 1893; $1,000 and $4,000 at
4 10. $1,000 and $40, 600 at 14O4, and $1,000 and
3 $4,000 at l404. Early in the morning dealers
sod over the counter at l4l. In silver we
noticed some sales Of American halfdollars
al 1876, and $4,000 at =.
Foreign exchange was irregular under
The fluctuations in gold, the sales of sterling
including moderate amount at 1881; a
further sum at 149A; f2500 Al at $50; $4,000
Al l5O6l5I; $4,000 at 1911; $4,000 at 1914;
fl5OO at 1852: EI000 at 1924, and Rl200 bank
atl5S1. At the close Al bill of lading and
clear was quoted at ld9@l50, and bank at
l5?6l52A In francs we noticed sales of a
moderate amount at S.7s}i 5000 at 3.7I4;
Il 900 aud 10000 at 1915; 1904 GOO at 3.764;
10000 at 3.750D3.764; $4,000 in two sums,
and $50 900 at 5.72A, and 10000 bank early
in the day at 1855. The market can not be
quoted over 3. s0Q3.T64 for commercial, and
5TO@3 6s} for bank.
Domestic exchange continued firm, with.
out any quotable Improvement, the banks
checking en- New York at % cent discount,
and the sales of commercial including SIS.
900 New York sight at 1 discount; $4,000,
$4,000, S25 900, $50 O0C, $S5, GOO, and $40, OOG
at ll-l6, aud sos, 900 in several amounts to
banks ard others at Z.
The only sale of stocks reported was TWEEN,
tyfve shares Canal bank at S42. Any ten.
Gency to a renewed movement in the mar
ket is prevented by the scarcity Of money,
and the wide difference between the views
ofbuyers and sellers.
City treasury notes were manifestly heav-
ier The sales Of large included S5e06 at l4l
discount, and $500 at l4a. Dealers sold al
H. and bought at Is. The small notes ruled
at9i@3 discount. State notes also sold al
lower rates. A round amount changed
hands at 800 discount, and more was offered
81 the same.