New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-01
ETARY
NEW ORLEANS REPUBLICAN OFFICE, I
FsfDAY EVENING. January 81. 1869.

NVW ORLEANS u,
FsIDAY EVENING. January 81, 1869. !
The commercial week closes this evening
NTH very little change in the money market
rom our report of last Friday evening. The
Ranks discount for their customers to Y fair
srient, and find the payments attheir coun-
tiers more satisfactory than for come time
nrevious. There is, moreover, substantial
Increase in their deposits. These are all in
dications of increasing ease, but the relaxa
tion appears to be mainly confined within
tbe influence of the recent cotton move
nent, In the general market the demand
for money exceeds the supply, without,
however, causing any advance in the rates
n discount, lenders accepting only good
notes, secured by solid collaterals, which
they take at l4@la y cent month. There
a no market tor less desirable paper. Mort
rage notes are quoted at l2@l5 - cent %
snnunl, the former for Al.
We notice rs one of the cheering indica-
tions that our commercial community viii
he favored with additional monetary facili-
ties that the Crescent City bank, one OF our
old state Institutions, resumes active busl-
ness tomorrow in their banking rooms on
Camp street, between Gravier and Common.
The principal officers are MIR. E. H. Sum
mers, president; Mr.. John Pemberton, vice
president; end Mr.. Charles Faurie, Jr.,
cashier. These gentlemen are all well
known in our financial circles, and from
their popularity and influence would impart
strepgth to any banking institution. I'M
der their administration the rising Crescent
will no doubt enjoy its fall share of public
confidence.
Gold opened nominal at 1879, but subse.
ouently sold as low,as 1885, and finally closed
a. l9sI013sl. The sales included 5000 a
1881; $1,000 and $40 600 at 1881, and S24, 600
$4,000 and $l5,OOO) at 1881. Nothing OF any
moment was reported ia silver. American
= gr -. ~ nd
Mexican dollars at l42@l424 in currency,
and 24@2S premium in gold.
The supply OF foreign exchange was
moderate, and the movement on an unu-
eually limited scale, the sales of sterling
being confined to f7500 in several sums at
ISL for good bill of lading, and l5l1@l524 for
All: $1,000 frst.class brought 1921. The
banks were ready to draw at l5S9l5Sk
In francs we noticed Gales of 100, 600 al
commercial in two equal amounts at 3.75.
AID So, 900 frst.elass at 3.724. Sterling may
be quoted at 15l1l52 for AL bill of lading
and clear, 1921 for frst-class or private
bankers, and 153@l53l for bank; and
francs at s.76l@373l for the former, and
a72193.70 for the latter.
Domestic exchange receded to its position
before the recent advance in the bank rates,
the banks checking on New York at ] e
cent discount, and the sales of commercial,
Including $4,000 $50, 900, 10000, and
$4,000 New York sight at discount;
$4,000 Boston sight at the same; $40 900,
$4,000, $40, 900, aud $4,000 New York and
$4,000 Boston at ll-l6 and $4,000, $50, 600,
and S45, 900 at 4.
In stocks we noticed sales of 523 shares
Bank of New Orleans atIS24; 100 do at S24 90,
and 800 Jackson railroad At 81. There were
some other transactions, the particulars Of
which were not reported. Quotations fol
nearly all in the list are nominal.
The only sales OF city bonds reported were
two Of the railroad issues (May and Eovem
Der couponsl at 65. They are quoted al
7I07s for the consolidated and -@65 foI
the railroad issues.
City treasury notes were in good
request at the ruling rates, the
large commanding 1sa@l43 % cent
discount and the small 44@5. Sl0Ot
large sold at lsS, $1,000 at l4S, and $1,000
small at 81. Dealers bought at 14@ldt and
sold at l33. The small they bought at 5@5l
and sold ut AZ. State notes also were in
some request, and sold to a fair extent in
small sums at 275@ ss discount.