New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-29
Monetary and Commercial
OFFICE OF THE DAILY REPUBLICAN, /
MONETARY.

OEFlOE OF THE DAILY REPUBIiOANt(
TUESDAY Evening, July Is, 1868.
We have still to report the absence of any material
variation in the money market proper, he move
as natice our remarks for some time past, The
supply of CAPT available for the discount Of surety
description Offering, either at the banks the
street. County paper IS hardly negotiable, Lenders
city sEuaturas. on which they rely for prompt
payment ltur,ty. The street rates are r cent
p mouth tor Al Butrs, secured by col stera 3, and
j q = for second grade. Mortgage PAGER rules at
lt@l2 d yent q annum for AL aud no for sec nd
class The bauks continue to discount most Of tina
approved paper offered by their custom RS and are
We Lott g that he Union Bank has declared divi
dend OF q cent, payable to the shareholders on
Gold opened at l437, alH against l4iai at New
YortQ and closed IA The sales inc uued $500 at
l434 $1,000 at l43 g. and S22 200 400 1903. 2UOl aU
was 5000 in American half dollars at i37 Nothing
transpired in Mexican dollars The former may be
quoted at 1861 al37, and the latter at laughs in
currency, and ? cent premium ip gold.
{ nder the advance in the New York gold market
foreign exchange sold at a further advance OF Il =
cent The sales Of sterling included f2O0 Al clear at
1872 fiC0 private bankers and $500 bank at 6O and
500 bank at 1905 in gold, In addition to the sales
sales OF francs reported were lOOO1 private bankers
at ? 81, and trfing amount of bank sight at 2 50
for Al. and l59Asd l61 for bank and the latter at
$4,000 SIX for the former, and 50 90 j2l5 for
We have no new feature to report in domestic eN.
with very little movement The banks continued to
check on New York at = Z cent pre- plum, but met
only limited demand, The sales of commercial in;
euded $1,000 New York sight at par; $500 and
5l6 600 at Ia premium 5000 at - 5000 at jl5;
$40 100 at =; and $4,000 sixty days sight at :; dis
count
There was some inquiry for stocks, but the only
sales reported $50 shares Bank of New Orleans
at $50 so which were resold at S3l, and 100 Canal
Bank at S45 25 which regarded at the close as an
outside rate We also heard of some other transac'
tons the particu ars of which were withheld.
At auction III, W, Palfrey auctioneer) u shares
Gaslight %. sold at Sli65, and S22l0 resent In
surauce Co. scrip for Ie66-7-s. at e9c 4 dollar.
Ci treasury notes exhibited unusual irregularity,
selling during the early part of the day, under the
depressing influence of apprehe adverse action
by the state Legislature, az from 42Ga3 q cent dis
count but subsequently rallyinR AID commanding
3s4, di01s The sales included 5000 at 1874 5000
and $1,000 at 80; $4,000 $500, $4,000, $1,000 and
$4,000 at 39lS; $4,000 5000, S590J, $1,000 and 800
90 at 40; $4,000 at 4O5a $1,000 $500, S5OG. and
SO coo the forenoon at AZ $40 coo at 42R; and
$4,000 S2O0 600 and S50CW at a. Also, $1,000 at tea
days, buyers option, at az. The counter rates
showed unusual irreguarty dealers buying small
sums at from Al down to a. and selling Al 400 H.
We heard of no transactions in State notes.