New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-03-17
Monetary and Commercial.
WIN. VIGERS,
Secretary.
MONETARY.

OFEIOE OF THE DAILY REPUBLICAN,
MONDAY EVENING, March l6, 1858
Nothing has transpired to Indicate any
material change in the money market.
There is an ample supply of capital to meet
all Al paper offering, the street rates for
which are l@l4 ~ cent 10 month, leaning to
the former, Mortgage paper is quoted at
the same. AL ia readily negotiated at IL %
cent ~ annum, but lenders are reluctant to
part with their funds at any rate more ia
vorable to the borrower, no matter how
high the character of the signature. The
banks continue to discount most of the ap-
proved paper offered by their customers,
and are free lenders on call on solid securi-
ties.
Gold opened at 14O4 and closed at 14O2@
l405. The sales included 500 900 at 14OB;
$4,000 at 1404; $40 600 at l4Os; $4,000 at
l4Ol; $40 900 at l40s0l409; $35. 900 at l40y;
and $4,000 at 14I. Two gold checks on
New York for $25,Ooe and $50. 600 here
passed at discount. At the board on Sat
urday evening 5000 sold at l4O3, and $4,000
sellers option all this week at lao.
The supply of foreign exchange was fair
and rates ruled higher. The sales of ster-
ling included 10000 good bill of lading at
Isl, $4,000 at 1914, f2500 bill of lading and
fl2,00O bill of lading and clear at 1919,
f4000 bill of lading at 15l4, $500 bank
(f2500 and f3000l at 1924, el20O private
bankers and f25OO bank at 1929, sl50O bank
at 1853, $1,000 private bankers at 1885, for
gold, and $4,000 Dank at 1881. In francs
we noticed sales of 81, 600 commercial at
3.764, 225. OOe at 3.T5, AIS, 900 $4,000, 49,
900, and $50. O00) at 3.734 $4,000 ca, 900 and
0,000) at STA, and 100 900 at s. 24k in gold.
The market was much firmer after the re-
ceipt of the New York kilograms, and rates
exhibited considerable irregularity. At the
close sterling was quoted at 15l4@152a for
good to AL bill of lading and clear, and
l53@l53A for bank and francs at 3.75@
3.72k for AL commercial, aud $40 for
bank.
Domestic exchange was offered more free
ly, and rates further declined 4W4 % cent,
the banks Variously checking on New York
at par, and the sales of commercial includ-
ing $4,000, $4,000, Sl5,O 900, $4,000, and
S25, 900 New York sight at 1 discount; $780,.
900 and 100000 at BIG; $40, 900, $40, 900,
SIS, 900, $4,000, and $4,000 at I, $4,000
at par, and $4,000 ten days at Z discount.
At the noon board So shares Louisiana
State bank sold at S26, and at the board on
Saturday night 40 Crescent City railroad (l5
and 25) at $l02, and is Louisiana State bank
At s26. Also, city consolidated bonds at
7Tb.
There was very marked advance in state
notes. At the opening they could have been
had at 56 or SIC. f3 dollar, but later in the
day $4,000 sold at 62 and $4,000 at 62A. We
heard no cause stated for this improvement,
excepting vague rumor that the order re-
quiring state taxes to be paid in greenbaeks
would soon be revoked. City notes were
rather firmer. The sales included $4,000 and
$4,000 at so discount $4,000 Cat the noon
bOard) at 303: $500 at Sl3; aud $1,000 at 50.
Dealers bought at from 80 down to 49, and
sold at $1,000. At the board on Satur-
day evening $4,000 sold at 29R $1,000 at 292;
aud $S7, 900 (lOOO, 1000, 1000, 1000, 1900, $500.
5000, 5000, and q, 000l at 80.