New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-06
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EIcIM JOURNAL OE TAE UMITEO sTAT6S.
ElNGL JOURNAL OF THE CITY OF NEW ORLEANS
Monetary and Commercial
MONET Any.
NEW ORLEANS REPUBLICAN oFEICE,

WV oRr,EANs REPUBLICAN OFFICE,
"WEDNESDAY EvENTEs. February 5. 1853
We have no material change to notice in
nc money market. The increase In the
Senosit lines Of the banks, and the pay ments
ssdda at their counters have materially H.
leased their available means. In fact their
simply Of idle funds exceeds the demand.
IN thew are free lenders on good securities,
-hefher strictly business paper, or accom-
ISOLATION notes secured by satisfactory col
4 ,.terals, At the same time, although de-
I s,ous of emf loving all the means at their
sn ,wnmand. they viii accept none but AL
rSner. On the street good notes, secured
n X solid collaterals, can be readily nego-
Sased at IC1Il and II % cent % month; and
wortgage paper ut l20l5 % cent u annum.
FvceDtional transactions in the latter have
eocurred at 10. Among the indications OF
S. Increased ease in the market we notice
more active movement in stocks, In some
eases at advanced rates.
cold opened at ls9A@l40, and after some
fluctuations caused by the course OF the New
u Worry market closed at l40. The sales includ-
"a $1,000, $4,000, 5000, $4,000, and Sl0, 900 at
4 isoi $1,000 at 1895, and $1,000 and $1,000 at lao.
IN silver we noticed sales of $1,000 in Ameri-
can halfdoilars at 1924. At the close Ameri.
. AN half-dollsrs were quoted at lS23(0l33, and
Nexican dollars at l4S@l4S4.
a We noticed but little variation in foreign
exchange. If anything the advantage WAS
On the side of the buyer, but with hardly
+ sny ouotable decline. The sales Of sterling
Included moderate amount OF 6ill OF adlng
Al 1871; E20O0 at 1929; $1,000, f2500, and
6rrther amount at 1924; fl200 at 1928; $4,000
II 1901 for gold; fI500 bank atl54a, and $500
hank sight at 1855. Sterling may be quoted
Al I524al522 for Al bill of lading and clear,
I5S0l5SA for fiIstclass and private bankers,
ana l54G3l54A for bank; and francs at ?. 72a
tAs.70 for AL commercial, and 3.6I4 SO for
" In, nd hank
domestic exchange was quiet at about
preyious figures The banks checked on
New York at S@3 o cent discount, the lat
Ter being the ruling rate. They meet a
limited counter demand, but require a con-
adorable SUM to cover remittaRces for col
iections. The sales Of commercial included
10000 and 900 New York sight at the
advanced rate Of 9-l6 % cent discount;
no 1000 SIC, 900, $40 900, $50, 00o, $50, 900, and
100000 the last private BANKER, at q;
so 900 Boston sight at the same; $4,000 do.
4 z; and $1,000 Providence at !. Bank
credits by telegraph are quoted at 1.
There was more movement In STOCKS, put
some of the sales were not reported. 2l5
shares Union bank sold at $50 SO, - Canal
At $50 SO, 100 Bank Of New Orleans at $27 70,
and 265 (I00 and 1852 at the advanced rate
ofS2s. Canal bank which brought $50 -
vas recently sold at $40. An offer OF SIS
was refused for Louisiana State Bank.
We have heard Of no further sales OF city
bonds since the small lots of raiiroad issues
reported at SIS. They may be quoted 81 J7G
7pfor the consolidated, and Go for the
lailroad issuee.
We have no material change to note In
r city treasury notes. One Thousand dollars
large sold at II discount and $4,000 (lO, O0l
and 5OOO) at l44. The small continued In
fair request, dealers buying st q discount
and selling at 1904. State notes were heayy
AZ previous rates. The sales included 5000
al 321 There was some demand for Banl
Of Louisiana notes. Lone lot of $4,000 sole
al 2sAc. y dollar, but at later hour zoe
y and higher WAS offered without finding
sellers.