New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-14
,Monetary--Co Commercial.
MONETARY.

Nun r. An IL
OFFICE OF THE DAILY REPUBLICAN,. I
TUESDAY EVENING. December u, 1870
Thesnoney market is hardly rs stringent
though we are unable to report any decided
change for the better Here and there &C.
casiOnal transactions are made below our
quotations., but though there is more money
in the hands of investors, it is generally held
at full rates. For instance: We understand
that there are considerable amounts seek
ing investment in first class mortgage paper
at 10 ~ cent v annunl, for which 3 has
been offered and refused. The general run
of business papered offered on the street, is
below first-e}ass, though We hear of Occa-
siOnal negotiations Of that description at
| ", Ia and v cent Y month. At bank
the demand far discounts is not go str0ng,
but it is still sufficient to take up all their
available means. We still quote as street
rates l ala v cent v month for AL notes
secured by unquestionable cOllaterals, land
LIZ 02 y cent " month for AL business
paper without cedsaterals. Mortgage notes
rule ut lO0ll y cent p annuIa for Al and
2@4 for second grade.
Gold opened at llOA q llOAs against
HOB at New York;. and after touching
llOss, closed at llOlt 9ll0ss against llO1a)
at IIOas: $4,000 at lI0as a 1l0la; $1,000 and
$1,000 at IiOla, and $l3e0, $1,000 and $1,000
at llOss. In silver. 100000 Mexican dollars
sold yesterday at -
The business in foreign EXCHANGE was OF
very fair extent, but under the delcine IN
gold rates showed further falling off OF
IL per cent. The sales of sterling exchange
embraced EOS, 600, of. which fl2,OOO clear at
1lSss 1852, f35OO bill Of ladiDg at ll81s,
= bill of lading and clear at llSs. q l nS"s
$4,000 bill of lading at llSas q llSss, f3OOO
clear aad fl6,OOO A bill of lading at ELSA,
HlOO0 and $4,000 clear at 1873, f32 600
ETC, 900 and f22. Oi0-bill of ladiDg and clear
ut llS1. a ll9, $1,000 and f3OO0 AL clear at
II9. flOOO and $4,000 first class ut ll9A,
f500O ut l19ls 0ll9a, $4,000 sight at 1898,
Hl20O bank at 1870 and $4,000 private bank
ers' thirty days sight at los. Sterling
may now be quoted ut 1883 1875 for
good to Al bill of lading and clear, and
Il9a. a 100 for bank.
Notwithstanding the liberal cotton sales
OF the past two days, the supply of domestic
exchange was only moderate, and rates
ruled shade firmer. The banks drew on
New York at S. u cent discount for small
sums, one of them asking "a, and the sales
included $50, 900 bank sight on New York at
1882 discount; $4,000 private bankers ut
ZIG; $4,000, $4,000 and SIS goo bank, S25,
900, $4,000, $4,000 and O,0OO private
bankers, and $4,000, $4,000, $50, 600 and
$4,000 commercial ut "; Sl2, 200, 100000
and $4,000 commercial at GIG; &c., at
GIG a IS, mostly GAG, and SIS, 900 at y. The
banks reported fair remittance demand.
Bank gold checks ON New York are quoted
at Is y cent discount.
Yesterday. not reported, 100 shares
Slaughterhouse sold at S23 50 a 9 IS, so
Sugar Shed ut SIS, and so Carrollton Rail
road at $llO, and to-day 50 Slaughterhouse
at $23 62ls, Peoples Bank at s4s, II
Louisiana State Bank at $95 %, % do at
500, 10 New Orleans and Texas Refriger-
ating Company at .$l1, 100 Navigation ut
50 SO, and so do at So IS.
In bonds $500 and $500 new city seven
per cents sold at 20, $4,000 railroad city
skies at 69la, and $1,000 same at TO-.
Five hundred dollars new Metropolitan PO-
lice warrants changed hands at 9Sis, 500
new State at ia. $ll5O $3.50 and 5000 at
7lla, and $1,000 at 7l34. Dealers bought the
latter at 20 072, and asked II u e73.
We heard of nothing doing in city treas
ury notes. Dealers rates for small sums
were pa oa5 i cent discount buying, and -
selling.