New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-04
elp Orleans 8epabliea's.
:rlnIu lnnpMlL 0E IHE REpuBLlChN PARTY.
Monetary and Commercial.
nanNErARY

oFRgoE OF THE DAILY REPUBLICAN,,
MONDAY EvENrsG, February 3, 1873
The money market is man1festiy easier.
There is less pressure for discounts at the
hank and the offerings Of good paper on
tha street are getting to be quite limited.
There hiss at the same time been some in.
crease In tho deposits at the banks, and the
naynents az the latter are more satisfactory.
lrhis is partly owing to the cotton move
naept, ard partly to payments by merchants
fyon, the interior who have come down to
Iav in their epring supplies. Good notes,
seaured by satisfactory collaterals, are ne
rntists o tle street at lGli and IL % cent
Mmonth, and mortgage paper is quoted at
SgNl5 % cent % annum.
The banking house hitherto conducted
under the firAA OF smith, Newman d Co.,
changes its style tomorrow TO Samuel
SMITH q Co, the old firm having been Gis-
solved by the decease of the late MIR. New
man. The new firm consists OF bir. Samuel
Smith and his brother Mr.. A. W. Smith.
II can hardly fail TO command the con-
tinued confidence Of its friends and the
AL the annual election for directors of the
ciiizens' bank to-day the following gentle
men were unanimously chosen to serve for
ire ensuing year, viz: Messrs. j. @. LArnes,
4. Chiapells, d. Lanata, P. Forstall, a. Car
riere, Il. Brugier, and d. A. Chafraix Mr..
ehafraix 10 the only new name on the list.
af0lQ QBGnttl Gb ADVE HsAlAAb A1S4ASAopH VIZ
Saturday evening, and closed at lS949l lao.
Tbe sales include $500 ut 1891 $40 900 in
shree or four lots ut l31A@lSSs; 100000 ut
1884,; $4,000 at 1899; aud $4,000 ($l0O0 and
$4,000 at 40. In silver we noticed sale OF
$1,000 early In the morning at l3l3, and
$1,000 subsequently at 1888. At the close the
market Was quoted Ut l5zagl3S. Nothlng
was reported IN Mexican dollars.
Tho offerings of foreign exchange were
only moderate, hut still fair business WAS
done at a slight Improvement In rates, caus-
ed by the CO rise A. Q New York gold mar
ket. The sales Of sterling included $4,000 A l
bll OF lading at 1853; eli, 900 in several sun o
81 l52ldDlSS; 8IOJe private bankers at 1855.
and Gl00O bank at ITO in gold. In fraucs
we noticed sales of u, 90 Al commercial at
s.52i; 25, 600 at 3.7i4; $4,000 at 70, and
O00O first-class at 3.67k. Sterling may be
quoted at l520l53 for Al bill of lading an d
clear, I5S{6ll63s for irst-class and private
bankers, and l5S2@l54s for bank; al d
francs at 372lN3. 10 for Al commercial, and
s,61l63 IS for bank.
Domestic exchange was quiet at previous
rates, the hanks checking on New York Of
b cent discount, and commercial ruling
StfNIl-lS and I discount for New York
sight. The offerings were limited, and the
purchases ny the banks Of much less than
fheir usual extent $4,000 New York
sight us, 600 and 20, 000l sold at discount;
NpDtBuu kIDguDV bHu 0OtViVf ~ AA-AVg &sNtNVN
at I, and Sl30,000 sixty days at II. The
counter demand for remittance continues
limited.
There were some sales OF stocks, the par
hculars Of which were withheld. We
heard, however, that Bank of New Orleans
had been sold NJ SIC. Offers of SIG and
SIG 50 were refused BY other parties. This
shows 6 further advance.
We noticed quite q lively demand for the
Enall denominations Of she city treasury
Aotes, dealers buying at a discount, and
selling at 4. The sales included $4,000 in
several lots by one party at a. and $4,000
ia several lots at a. In the large notes
there was D limited movement at 13A@l4A
c ssSs0 Il SsCS9sa dlsnonnt lint closed III
1132. The sales Included $4,000 at %;
5000 at 2SA; 5000 at 20; 5000 as 29@3O;
$1,000 at 20; $1,000 and $500 at 5lA; and
$1,000 At SO.