New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-06-04
Monetary and Commercial
OFFICE OF EnE P PAIa REP PSn

oFFTOE OF THE DAILY REPUBLIOAN.l
"WEDNESDAY EVENING. June 3 1883.
We have no material alteration to report
in the money market proper. There is a
fair supply Of capital available for the ac-
commodation of all strictly Al borrowers,
but there is very little to be had on second
grade signatures, and planters paper can
hardly be done ON any terms, lenders re.
fusing to listen to proposals from any but
parties in the city on whom they can rely
for prompt payment at maturity. The
banks continue to discount most of the
approved business paper offered by their
customers. the supply Of which is light, and
is confined mostly to operations in Western
produce, On the street Al commercial
and for second grade f4@lA. Mortgage
notes rule at l10I2 % cent % annum for
the former, and Is 0l5 for the latter.
Gold opened at 1899 against 140 at New
York;, and after selling as high as l40 closed
at l3s20lS9I. The business included $4,000
and 5000 at 1891; $1,000, $1,000. and 5000
at 1851; $4,000 $4,000 and $90OO) at 1899;
$1,000 and $1,000 at lao. The sales of silver
| embraced $1,000 in American half-dollars at
| 1861; $500 at 1855; $1,000 and $4,000 at 1876.
Yesterday, not mentioned in our previous
report 1000 Mexican dollars changed hands
at 8cent premium in gold. They are now
held at l44@l444 in currency, and American
half.dollars are quoted at l35h0136.
There was only limited movement in
foreign exchange. The offerings were very
| light, but there was no material variation
in the rates. The only sales reported were
| $500 bank sterling at l55, and few thou
sand bank francs at 1921 Sterling may be
| quoted at l52}0l53 and 1884 for good to Al
| bill OF lading and clear, and 154@l54a and
| 1855 for bank; and francs at 3.7003 67A for
the former, aud 3 63403 623 for the latter.
The offerings of domestic exchange were
| light, but rates were unchanged The
banks continued to check on New York at 4
/ fB cent premium, meeting with a moderately
fair counter demand. The sales of CONNER
| cial included $40, 900 New York sight at par
| to T3 cent premium; $4,000. SIS 600, and
SIS, 900 at !; $4,000 at 1; $lO,O fifteen days
sight at discount, and $1,000 at 4.
| In stocks 40 shares City Railroad changed
hands at l65, and 40 at.
There was more movement in bonds, and
sales oftwo shares levee State were reported
at A. and 20 in three separate parcels on
| terms which were suppressed, but said to
show material decline, and $1,000 United
| States 5.20's OF '65 at ll0b. We heard of
nothing in city bonds. Levee State are now
quoted at 39f9401. There was less ANNA
ton in the market for city treasury notes,
and rates were easier toward the close. The
| transactions embraced $4,000 at 373 y cent
oIscouht; S4VVV AT oi4' SlVOU anu Slz'O0O az
| 80; $4,000 1.-THE latter in two iual sums) at
Ss4; $500 at $50; $1,000 lin several
amounk) at ss938k, and $4,000 at 3S4.
At the Board of Brokers last night (Tues-
| day night $500 changed hands at $50 dis
count. The dealers bought the small sums
offered across their counters at 364639, aud
| supplied the current demand from taxpay.
ers at ST@37B. Nothing transpired in State
| notes.
At meeting of the Board of Brokers
| Tuesday night, June 2, it was decided that
the board adjourn until the first of Septem-
Der mex, subject to the call of their Presi-
| dent.