New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-06-11
Monetary. and Commercial.
MONETARY.
OFFICE OF THE pAILY REPUBLICAN. 4
WEDNESDAY, EvKNTTG, June Id, 1888. !

OFFICE or THE DAILY REPUBLICAN,
WEDNESDAY EVENING, June 10. 1865.
There is q growing disposition toward
Investment in State bonds and other securil
ties, aad the movement in these to-day was
TO an increased extent. Mortgage notes are
done at l1@l2 q cent - annum for irstclass
with occasional transactions at 10Y, and
l20l5 for second grade. The banks dis
c lunt most Of the approved business paper
offered by their customers, and are free
lenders on satisfactory collaterais. We are
requested to state for the benefit of parties
not posted that the quotations for mortgage
paper do not include the brokers regular
charge Of v cent.
Gold opened at 1895 (against 1924 at New
York;, and after sales as high as 1898 and
as low as 1871 closed at 139A@l39R. The
transactions included $4,000 at 1894, $11 900
at 1893. 5000 On three equal amounts),
$1,000 $1,000 $4,000, and $25. 600 at 1891
$500, $l5O0, $4,000. and $4,000 at 1897, Sl20e
aud $1,000 at 1897. The only sales reported
in silver were $1,000 in American half.dOl.
lars at 1854, and 400 Mexican dollars at I43a.
The former are now quoted at l35A@l36,
aud the hitter at l43l0l434. al4t
Movement in foreign exchange has con-
tinued on limited scale. The offerings
were small, but the demand was limited,
rates, however, undergoing no material
change. The sales of sterling reported to
us included $500 Al clear at 1853, 1850
bank Go daysl, the latter taken for re-.
mittance at 155, and $500 bank
(sighD at l55A. There were other
transactions in sterling the particulars
of which were not made known. Ia francs
75,e09 Al commercial changed hands st
3 6s4; $4,000 private bankers az 1851; and
Is, 900 at 3.65, Sterling may be quoted at
1924 a l53 aud 1884 for good to AL bill of lad
ing and clear and l5401l5458l55 for bank,
and francs at 36s9@3 674 for the former, and
65@3.6S4 tor the latter.
The banks continued to check on New
York at ! ~ cent premium. The sales of
commercial included $4,000 and $40 900 New
York sight at par; SIS 0O0 and $4,000 at /
y cent premium; S50t0, $4,000, $4,000,
and $50, 900 at l6; $50, 900 ut SIG; small
amount of thirty days sight at discount;
and small sum of ten days sight on Gin
cinnati at discount. We notice also a sale
Of $40 600 bank sight on New York at pre-.
MUM.
Tue transactions in stocks reported to us
embrace 20 shares Jackson railroad at 81
each, SS do Ut 81 rs, 200 do at 81 So,
235 do, terms not mentioned, and $50
| shares Bank Of New Orleans at S26 IS.
Yesterday, not given in our previous re-
port, 1870 shares of Louisiana State Bank
| sold on private terms.
Levee State bonds have improved still
| further, the sales to day including 2, 8, TO-
| and Is at 43. There were also sales of
$500 Convention bonds at 81.
In scrips $500 Crescent Insurance Com
pany, ranging from SO to IS, interest paid,
| sold at IS.
City treasury notes were still frmer. The
| offerings were very light and holders re.
| fused to sell unless at advanced rates. The
business to-day embraced $4,000 at $50 q
cent discount; $1,000 and $4,000 at 365; 5000
| deliverable ina weeks tinel at 36l; SIC, 900
at 500, and S5OOo at 37l. The dealers bought
| the small sums offered at their counters at
| 37@39, aud supplied the demand from tax
payers at 36@S7.
The TRANSACTIONS in State notes included
$4,000 at SIC on the dollar, and $4,000 at
| 6llc.