New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-17
sIeltj G9rleaus gsppbIitatt,
Monetary and Commercial.
pFEIOE or THE DAILY RRPUBhfCAN4
THURSDAY EVENING. January Ii. lses

nfttOk tlt THE DAILY BhfOblIlCAN.N
.THURsDAK EVENING. January Ii. lsts
The money market continues to exhibit
the features by which II Aas been character
iged for several days past. There is a gen.
,sral compliant of great dizziness. but at the
sane time there is strong demand beyond
fhe supply of available capital to meet IL.
The banks discount tu fur extent for the
accommodation OF thtir customers, and in
ihe immediate influence OF the cotton move
ment factors and others are paying up at
their counters more freely; but on the
street we hear reiterated complaints of the
diifjculty Of realizing even on solid securi.
ties. Good notes secured by satisfactory
onlateralB are nevertheless negotiated to a
moderate extent at l4Ol3 u cent % month,
and second class at DC. Mortgage paper is
still quoted at l2@l6 o cent % annum, the
former for A L.
cold opened ut 1891, against 1879 at four
p. NJ. yesterday, but under the influence of
the New York kilograms subsequently, sold
M to 139, after which it receded to about
t6e opening rate. The sales included $4,000
and 1880 at 1881; $1,000 at 1881; S250O and
$4,000 at 1885; two lots of $1,000 each. four of
$1,000 each, and $1,000 at 1881; $1,000 at 1881;
and $1,000, $500. aud $4,000, IN three sums,
At 1889. At the board last evening ST. 800
changed hands at from l386113sf The mar.
ket has shown unusual irregularity and un-
steadiness caused by the sharp fluctuations
reported at New York. In silver we noticed
sales of Mexican dollars at l4l8, but toward
the close they could have been bought
easier Ur
Foreign exchange was generally held
above the views Of the banks, and the move
ment checked accordingly. moderate
amount of good Nill of ladng sterling sold
Al l49; sl50O at ll9A, 625OO at 1850, $1,000 and
fi200 at 1904, SlOUO and fl500 at 1904 aud
$4,000 at l60QlI50A. At the close the mark ct
was quoted at l4g0l50 for AL bill of lAding
and clear, and l5ltOl52s for bank. In francs
we noticed sales OF $1,000 AL commercial at
276i $1,000, $1,000, aud 100000, part of
Whoih was at one days sight at as, and
10000 at a.792. AL commercial was quoted
1t the close AZ 3.771DS,7S2, and bank at 8 20.
We have no materlal variation to report
in domestic exchange. The banks contin-
ned to eheck on New York at ! ID cent dis.
count, at which they met only q moderate
remittance demand, and the sales of COM
rlercial Included TWO bills Of $40, 600 eaeh !;
$20, 600, SIS 900, $50 900, and $40 900 at lll6
discount; $50 600 and some smaller sums AZ
4 and $40, OOU fifteen days at
There were some sales OF stocks, the par
tCulArs OF which were withheld. Il was
generally understood, however, that the
advantages are still more on the side of the
buyer. $50 was offered for Bank OF New
Orleans.
Wchear OF no further sales of city bonds.
The last reported were ut T99s0 for the con.
sOlidated, and 67 for the raj road issues.
City treasury notes rated still more in IA
Vorof buyers. The sales Of large included
$500 at IA a cent discount $1,000 at l43 I;
81, 500 ut l41 $1,000 az Sl4{ and $4,000 az
Is $1,000 small sold ut tno reduced rate of
g. They arc quoted ut l40l5l for the
former, aud 2a6B3l for the latter. State
notes sold 10 u Hunted extent at 29@3I %
cent discount. We noticed n safe of a con-
veution warrant for $3.50 ~ SAL 50.