New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-05-15
Monetary and Commercial,

OFFICE OF THE DAILY REPUBLICAN
THURSDAY EVENING, May IA. 1868,
The money market continues easy, with
its movement restricted by the falling off in
the general trade of the city. There is,
however, strong demand for accommoda-
tions on planters GCcount, but there is little
or no capital available, excepting for AL
city paper, secured by satisfactory collat
erals. 1t is difficult to negotiate second
class, even on more oDerous terms than the
ruling rates. The banks discount most of
the approved business paper offered by
their customers, and are free lenders on
solid cOllaterals. On the street AL notes,
satisfactorily secured, are negotiated at la
u - cent % month, and good, but not first
class, az l4gl3. Mortgage paper rules at
400l2F 3 cent ~ annum for AL both as to
property and signatures, and Is a Is for less
desirable or second grade. There is more
capital Offering on mortgage, and first class
can be readily placed at l08l1.
Gold opened at l403, against 1884, at New
York, and after selling as high a. I4I4
closed 20 JAl. The sales include Sl0, 600 at
1403; $4,000 in two lots, and $4,000 at l4l:
5000 and S25, 900 at l4lh aud Sa2. 900 AZ
14l2. AT the BOARD last evening (Wednes.
day mighty Sl5, 600, 5000, and $40 900, az.
changed hands at l4O4 In silver we noticed
small sale of American haifdollars at
1854. They are quoted at 136@l37, and
Mexican dollars at l43. a
The oherlngs OF foreign exchange were
extremely light, and the sales mostly con-
fined to bank bills. The business in which
included $4,000 sterling at 1881; $4,000 at
1915; $500 and sl200 at l55; f600 ut 1861,
and $500 at ITO in gold the sales of francs
embraeed $4,000 strictly Al and $4,000
private bankers at 3,671. Sterling may be
quoted at l53@l5SA for good to Al bill Of
lading and clear, and l540l54k and 1856 for
bank and francs at 3,70G13 .6S4 for AL cont
Inereial, and B 66l 613. 65 and 3.634 for bank
Domestic exchange was evidently sitter,
and closed with an upward tendency. The
Counter demand is limited, but a considerable
amount Il required to cover bank cOllec.
tons, and the supply is hardly equal 20
supply it, The banks generally continued
TO check on New York at B cent pre-
MUM, but In some instances asked l. The
salaa Of commercial included Sf0, 800 aud
$4,000 New York sight at . premium
$780, 900 and S23, 900 at SIG; $40 900 at /; q
small amount Of three days sight at par;
Sio.Ooo taiEtE days at discounts $4,000 at
-o'ei aud Sln 900 sixty days at II
W. hear Of be further sales of stocks. ex.
septlng 100 shares Commercial Bank Water
WORKS ~ anctiDa By Hesara, Hofman
Marks Col AZ f44 5o ~
We heAk ~ ~ Gales q city bonds, which
are quoted a laNs0 Tor consolidatea, and
Specs 81 iA- railroad issues. Jackson
ANAAO-4 n-n' --''.' r. we Ilft n NNtfG ttt flNI.
IS; 0peloUsas drat mortgaae fll6615. nd
State ltyee 81 55@N bat there $50 little
doing in either ol these that the above
figures n1ust be rcgArae4 20 great extenl
as nominal
City treasury notes We1t heavy without
any material change in rait4. the sales IN
cl6dsna $1,000 $1,000, aud &6tal Il "a cen
discoant. $1,000 at 80, and some 6.a Is ronne
sums at Sl0341. Later last etealan 82oOl
changed hands at SO. Dealers hqu5ht ths
small sums offered at their counters at 3ia
Sc, aad sdpplied the current demand non
Taxpayers a. 33@s3s. Ne heard Of no sale
Of State notes. q 7ul