New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-21
xlelu Orleans gfpilbIieats.
Monetary and Commercial.
MONETARY.
rrw ORLEANS REPUBLICAN, 0FFIC
NJ MONDAY EvENINa. January %. 1868

rEY ORLEANS REPUBLICAN OFFICE,
MONDAY EVENING. January %. 1868.
NO have no material change to notice in
Nv money market. The banks continue to
llssd,nmodate their customers to fair ex-
M EThere is less pressure for discounts,
ten s tbe nayments at their counters are on
an e limited scale; but outside of the direct
iees,nnce of the movement in cotton, sugar,
M nolasses, there is still strong demand
4 hevond the supply of available capital. Good
Doies secured by mortgages and other solid
nnoSiaterals are negotiated in the street at
I IgSlI . cent per month, and second class
atS Mortgage paper is quoted at l2@i5 %
W.; nor er an5um. There were some negotia.
lions consummated to-day at 10.
SELECTIONS for directors of the Union bank,
nd tbe Mechanics and Traders bank were
sold to-day, and resulted in the choice of
lsassrs II. r. La ViIlebeuvre, Samuel Bell,
llfTed Moult0n, A. Foster Elliott, Aug.
Robn, B. L. Millauden, s. l.. Levy. H. Gally,
nj ldolphus Frerichs for the former, and
Nessrs. Walter G. Robinson, Thomas A. Ad-
ms Thomas Langridge, Alexander Harris,
1ohn II. Ludwigsen, Charles Lafitte, New
son Richards, +. W. Rodd, and William G.
vincent for the latter. The only new name
\ he directory of the Union bank is that
~ M Frerich. There was no change in
M Mechanics and Traders bank.
An election was also held for directors OF
No Carrolton railroad company. There
Ssre two tickets before the stakeholder
pne representing the policy of the old board
IA the other the opposition. The former
"a elected by large majority, the mean
M Of those not on both tickets being 1928
gor The regular ticket and 2l9 for the oppo-
;tion. The following are the names of the
+, snsmbers elect: Messrs. G. T. Beauregard,
Bonneval, B. l.. MiIlauden George Jonas,
4, D. Miller, II. Lessassier, Joseph Herman
lez, and G. Kohn. -
saturday evening, and after very limited
BUSINESS closed at 1884. The sales were con-
ma to few small lots, including $1,000 at
hi $1,000 and $4,000 at 1884 aud $1,000 at
gd. The market was extremely dull, with
&ospecuetive feeling and very little demand
IN HE customhouse, The only sale of silver
Seported was 1000 Mexican dollars at l40.
Foreign exchange was in light supply and
Md above the views Of buyers. The move
nent was consequently on very limited
csle; G2O0O bill of lading sterling sold at
lq $4,000 private bankers at 1914 q small
znount of bank at 1853, and el000 bank at
IlOI for gold. AL sterling was held at 1900
Dl. and offers of 1494 and 1492 were re-
1sed. In francs we noticed sales of II, 600
n commercial at $50, 100 600 at 3.T74,
200 at 3.763, 10, 900 and $4,000 at 3.75, and
aOOO at 3.724. These figures indicate a
ecided advance on Saturdays rates.
Domestic exchange was unusually quiet,
nd without sny materisl change in rates.
be banks continued to check on New York
I q cent discount, at which they met
IN q limited counter demand. The sales
commercial included $4,000 New York
ght at lille discount; $4,000, $40, 600,
aLOO0, and $4,000 at Z, and $4,000 three
,ys sight on Cincinnati at ].
Nothing was reported in stocks. Most of
he few sales that occur are withheld, in
lseQuencc of the wide difference between
eYiews OF buyers and sellers.
The large sale Of city property, for the
r.iculars Of which we refer to another
nmn, impaired more strength to the
ne city notes, the sales Of which included
60OO at 12l discount, $4,000 at 10, and
boo at 13l. We also heard of sales at l21.
hey are quoted at l2A0lSA. The small
sruled at34@4. Nothing Of any moment
Unsupported in state notes, excepting $500
81 discount They are quoted at 3l@33.