New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-22
sle,, Orleans 9epnbIieat1.
Monetary and Commercial
nvYuE or THE DAILY REPUBLICAN.
" TrtrsnAY EYENING. january n. lstS.


TuEsDAY EVENING, January Il, lstS,
rhe money market continues to wear the
.on,a features noticed in our reports for
s sa!,nr.l DAYS past. There is apparently more
w within the influence Of the movement
T. cotton. sugar, and molasses, indicated
u Y The nc navments at the banks, an encour-
yyy,rg increase in their deposits, and less
ossassnre for discounts; but outside of these
ppircles there is a continued demand for
,noney in excess of the available supply.
Good notes. secured by satisfactory col
lsterals, are negotiated ON the street az lag
y Il u cent ID month, and second-class at
20 Mortgage paper rules at l20l5 R
oent n annum, the former for trst-class.
y VaTy good paper, well secured, has been
aV TSs = movement in gold to-day was on a
10 liberal scale. There was, however,
,nS1 little speculative feeling, the business
bsiSg mostly predicated en- foreign ex-
cSange The market opened at 1373@l374.
mi Closed at lS72013s. The sales included
esoo0 and $4,000 at 1874; $4,000 at 1875;
9yV ma S, AZ ls7GlS7a $40 600 and $50, 900 at
sayt. and $500 and $500 at 13s. In silver
Prs noticed sales of $1,000 in American
Esleiollars at 1921; and $500 Mexican dol
~ al 1402. The former are quoted at 1872
SIs21; and the latter at 14030l4l.
Foreign exchange exhibited fair degree
.esrmness. the sales of sterling including
ei101 All bill of lading at 1494; 1890 at
ioI: $40 000 at 1494@l50, and 9l50O, $4,000,
mi $4,000 at 1901 AL was held at 1900
;al but the market can not be quoted
Vel I491l50 for AL bill of lading and clear,
i6l for rstclass, and l5l@153 for bank.
francs we noticed sales of 10, 600 CONNER
mi al 3. so, $4,000 and $4,000 at 3.7S2; 25,0 600
Snd lSO, 900 at 3.7T4; 100000 at 3.76}, and a
nan amount at 3.75. At the close Al COM
Anercial was quoted at 3.7s2@3. 763, and bank
n 8. 7O@365.
Domestic exchange was quiet at previous
sates. The banks continued TO check on
Esw York at ! % cent discount, at which
ahey met only a limited remittance demand.
MI sales of commercial included $50, 600
nd $751;, 900 New York sight at 11-l6 dis.
so1nt: S25, GOO, SIS, 600, and $40, 900 at !, and
IONIC further small amounts at ll-l609.
elers generally contended for 1f-l6.
The sales of stock include "a shares City
sfroad % and l5) at $l57 50; IA at SlG0; 8
Charles street railroad at $40. and 1855
pnollton railroad at SOS. TIE Carrollton
iroad was offered publicly at the rate
Deciied, ana at once taken up by tie buyer.
ths stock is quoted at SS5. Yesterday, not
Aeforo reported, IS shares City railroad
anged hands at $3.50 90.
The large sale Of city property fer city
easury notes has caused an active demand
N this currency, which, together with the
bducion OF the circulation by its being ex-
banged for small notes, has caused ma
sral advance in the market price, the sales
pday including $4,000 and $4,000 at l21 10
snt discount; $4,000 atl2t; $1,000, $40, 900,
nd $50, 600, in several sums, to one party,
u; 900 at HOP; $4,000 at III; and
1000 at liz, which showed an improvement
l43 cent on yesterdays figures. Later
the day, however, some of the principal
sgators having withdrawn, the market for
8und lots receded to 123@l2. At retail
aers realized IL for small sums, and
Ought at II. There is no distinction made
t9een fives and the larger bills. The
ball notes rule at 3@4 discount State
ses are decidedly drmer, and sold at ESQ
discount.