New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-07
Monetary and Commercial
MONETARY.
OFFIOE OF THE DAILY REPUBLICAN.

NAOH EVAA
OFFICE OF THE DAILY REPUBLICAN
MONDAY EVENING, July 6, 1853.
We have still to notice the absence of any
material variation in the money market prop
er. There is a fair supply ofcapital available
for the discount of strictly Al notes on ap.
proved mortgage paper, but nothing car be
done with factors acceptances on planters
account predicated on the growing crops,
capitalists refusing to part with their funds
for any but city names, guaranteed by
strong collaterals, on which they can rely for
prompt payment at maturity. The banks
continue to discount most of the approved
paper offered by their customers, the supply
of which, however, is very light. Notes secur.
ed by collaterals are negotiated on the street
at l9l4 b cent y month, and mortgage pa
per at I0@l2 70 cent u annum for first class,
and 100 Is y cent for second grade.
The New Orleans and Carrollton Railroad
company has declared dividend OF four
dollars D share (internal revenue tax to be
paid by the company payable to the stock
holders on and after the twentieth instant.
Gold opened at l39l0l40 against l40B at
New York;, and after moderate move
ment closed at the opening rates. The
business included $1,000, S3O0O $4,000, &c.,
900, and SIS 900 at 1899; $4,000 at 1897;
$4,000, $4,000, $4,000, $1,000, and $4,000 at
I40. The only sale of silver within our
1851 We quote l35@l35l for the latter,
and 143l@1444 for Mexican dollars.
The offerings of foreign exchange con-
tinued very light and the demand moderate,
but rates were drmer, owing to the improve
ment in gold at New York. The sales OF
sterling Include $4,000 clear at 1881; $3.50
strictly AL at l54; and $500 bank at 1851.
In francs 10000 private bankers sold at
1866. Sterling may be quoted at 153l@l4
for AL bill of lading and clear, and 1910
1856 and l554 for bank; and francs 3,69l@
3.674 for the former, and 3.634@3.624 for the
latter.
With considerable increase in the re-
mittance demand and light offering supply
the market for domestic exchange exhibited
more frmness. The banks checked on New
York at ! ~ cent premium; some Of them,
however, sold at ! during the forenoon, but
subsequently advanced their figure to the
former, which ruled at the close. The sales
OF commercial embraced $4,000, $4,000, $4,000,
and $22 900 New York sight at par; $4,000
at ll6 u cent premium; $4,000, $4,000,
Sl5, 600, and $4,000 at !; $4,000 sight on
Boston at par; and SIC, 900 sight on Chicago
at discount.
The only sale of stocks reported to us is
20 shares Crescent City railroad at SOL. On
Saturday 10 shares Crescent City Bank, div.
idend on, sold at $2l 50.
In bonds Consolidated city bond, July
coupon off, changed hands at Is, and 10
Levee State at 534.
The offerings OF city treasury notes show.
ed a large Increase and rates were still
weaker. $4,000 sold at $50 ~ cent dis
count; $4,000, $4,000, $4,000, $1,000, $40 900,
and $40, 600 at 80; $1,000 at 39s; $4,000 and
$4,000 at 394; $751; lin three equal sums)
at 39si $4,000 at 40, and $4,000 ($506O and
$4,000 sellers option fifteen days at 40. The
dealers bought the small sums offered across
their counters at 39A 940 discount, and sup.
piled taxpayers at 81 So.
The market for State treasury notes was
unsettled and rates declined fully " cent.
There were sales of $4,000 at 4s9 o cent
discount; 10000 at 40; $4,000 at 495;
siXtv DAVIS at so.