New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-05
Monetary and Commercial.
MONETARY.

OFFICE OF THE DAILY REPUBLICAN,
SATURDAY EVENING, January T. 1873
We have no material change to notice in
the money market, which continues TO ex-
hibit the same features reported by us for
several days past There is a good demand in
excess OF the available capital to meet it. but
without resulting in any marked variation in
rates. Good notes secured by solid cOllate.
rails are negotiated on the street at l46l5 %
cent. per month, and second class at g.
Mortgage paper is quoted at l2@l5 u cent.
per annum, the former being the rate for
tirst-class signatures and securities. The
banks discount to q moderate extent for
their customers.
Gold opened at l325@l32l, but soon stiff.
ened under the influence of the accounts
from New York, and sold up to 1884 closing
at l33Dl334. The sales include $1,000 at
1929, $1,000 at 1929, $1,000 at 1929, S2lO0,
$500, and $4,000 at 1873, and $1,000, $1,000,
$1,000, aud SIS, 900 at 1881. In silver we
noticed sales of $1,000 in American halEdol.
lars at l2S. Nothing was reported in Mexi-
can dollars.
The business in foreign exchange was to a
moderate extent at rather sitter rates,
which hardened under the improvement Ia
gold. The sales of sterling included e2O0O
Al bill of lading at l4il; $4,000 at l443;
round amount at l444; $4,000 Al to first
class at l4430l453; $4,000 private bankers
at l45l, and $4,000 bank at =. In francs we
AoNLSSA 5tLACo VI OV1vVUB anu duullLGE IOuuu
amount of Al commercial at 1921, and 250,-
900 firstclssss $50, 0OO9 and l7U, 0OO) at $50.
Sterling may be quoted at ll46I4l4 for
good bill of lading; l44}91454 for Al with
OF without bill of lading; l455@l45} for first
class and private bankers, and l460l47 for
bank; and francs at 3s28093 Oh for Al
commercial, and 3.9O@3.s75 for private
bankers and bank.
Domestic exchange was easier, and the
offerings were to fair extent The banks,
however, continued to check on New York
at e cent discount. The sales of CONNER
Cial included Sl4, 900 New York sight in two
sums at I y cent discount, and $3.50, 600 in
several sums to banks aud others at J. The
market closed with rather more firmness.
Nothing was reported in stocks. any
movement in which is prevented by the
wide difference between the views of buyers
and sellers.
We hear of no further sales of city bonds.
The consolidated are still quoted at 798SO,
and the railroad issues at 67.
City treasury notes ruled during the early
part of the day at advanced rates, but
toward the close were easier. The sales of
large included S25OO at 1871 discount; $500
and $1,000 at Is; two amounts of $4,000 at
1913; $1,000 and $1,000 at l2{ and two sums of
$1,000 at IL, The market closed at l2l0l3.
In the small bills we noticed sales of $4,000,
and two amounts of $1,000 at 2 discount;
$4,000 at Z, and $1,000 and $1,000 at II. The
market ruled during the morning at l50l2,
but closed at 2@24. The retail demand was
less active than usual on Saturday. State
notes opened at rs discount but at the
close we're offered at 29l, showing a decided
reaction. The sales included $1,000 at Is;
5000 at &c. and $4,000 at 273; $4,000 state
warrants sold at SO4.