New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-03-01
Monetary and Commercial,
OFFICE OF THE DAILY REPUBLICAN, /
SATURDAY. EVENING, February g, 1868.

OFFICE OF THE DAILY REPUBLICAN,
SATURDAY EVENING, February q, 1865. )
We have no material change to notice in
the money market. The demand is only
moderate, but there is no variation in rates.
Mortgage paper is still quoted at 12@l5 ~
cent n annum. If any negotiations are
made at a more favorable rate than II, they
must be regarded as exceptional, and not q
fair basis for quotations. Good notes, Sc
cured by satisfactory collaterals, are done
at the same rates, but lenders are extreme
ly rigid in their scrutiny of signatures, and
are unwilling to accept any but strictly AL.
Hence it is difficult to pass secOnd-class
names as security, even at more onerous
rates. The banks discount all approved
business paper offered by their customers,
and are free lenders on solid collaterals.
Gold opened at l4l9@l4l5, but subse-
quently stlffened, and closed at 142@l424.
The sales include $1,000 and SIS, 900 at l4l4;
$4,000 and $4,000 at l4lB; $500 at l42;
$500 at l42@l42I; and $4,000 at 1924.
Also, at the board last evening, $40, 600 de-
liverable goth March, fiat. at 1424, and $780,
900, same conditions, at l42l. In silver we
noticed some small sales of American half.
dollars at 1876. at the board last evening
1000 Mexican dollars changed hands at 2 ~
cent premium in gold.
Foreign exchange opened at previous
rates, but stiffened toward the close. The
sales of sterling included $1,000 and 10000
bill of lading at l52; f60O and $4,000 at 1921;
100000 at l524@l53; $4,000 private bankers
at 1885; $4,000 Al at 1885; $4,000 bank and
private bankers at l54 and $1,000 bank at
l544. In francs we noticed sales of 40, 000
$4,000, and 10000 AL commercial at 3724;
10000 and 100000 at 37l4, and 80, 900 first
class at $40. Sterling was quoted at the
close at l529@l534 for AL bill of lading and
clear: 1888 for frst-class, and 154@I544 for
bank; aud francs at 8. 72A@3.7l4 for Al COM
mercial, and $40 to 3.67B for private bank
ers and bank.
Domestic exchange continued quiet with.
out any variation in rates. The banks
checked on New York at " cent discount,
at which they met only moderate demand.
The sales of commercial included $40, 000
Sl2, 900, $4,000, $4,000, and sos, 900 New
York sight al ll-lG discount, and $4,000,
$4,000, and SG0,OOO at Z.
There was more inquiry in the stock mar.
ket, but the only sales reported were $50
shares Opelousas railroad at S. rs, and 100
Bank OF Louisiana at the advanced rate of
SIS, 1876 (j6 and l00) at S. Is, and 70 at 81 rs.
Also at auction, Girardey & Co.. auction
GERS, so shares Claiborne street railroad,
(S4O paid at SOL, payable in city treasury
notes. Yesterday 20 shares Canal Bank
sold at $50, and at the board last evening
10 shares Bank of louisiana at 81, so Ne
chsnics and Traders Bank at S22, and 10
CarrOllton railroad at $40.
Nothing was reported in city bonds.
They are quoted at 1890 for the consoli-
dated, and 66@67 for the railroad issues.
City treasury notes exhibited little varia-
ton, but the movement in small bills was less
than IS usual on Saturday. Dealers bought
the large at l45@l5, and the small at 500,
and sold the former at l95, and the latter at
6507. At the board last evening $1,000
small sold at u; also $1,000 state notes, two
lots, at SOC. u dollar.