New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-02
Monetary and Commercial
MON ETAR Y
UpFICE OF THE DAILY REPUBLIOAN.
TUESDAY EVENING. March l. ls7O.

OBgIOE OF THE DAILY REPubLI0AE.
TUESDAY EVENING. March l. ts70.
The money market proper, is quiet and
easy, with fair demand for accOmmoda-
tions at the banks, but very little movement
outside. On the street, AL notes secured by
unQuestionable collaterals are still quoted
st l00l2 per cent u annum, and second
grade at HOLT y cent per month Al
business paperu without collaterals, at lOl4
% cent per month, and second class at -
al }; AL mortgage notes at l0@l1 u cent
per annum, and second grade AZ IL per cent
per annum.
Gold opened at 1l54@ll53, (against lis at
New York; and after fair business, closed
at I15a@ll5l, against ll5s at New York;.
The sales included $4,000. $4,000 and S2O,-
600, at 1l54 $50, 600 a. l155@ll5s $500 at
1l53; $500 $4,000 and 1000 at ll5t !;
$4,000 at ll54@ll54 S10, 600 and slo, oo0 at
1l53: $50, 600 NJ l1540ll55; 20CO and $lO.-
600 at ll5E, and $500 1t 1l6. After the
close of business hours, under runners OF an
advance in gold to ll6, there were sales at
1l5s@1l6.
The movement in foreign exchange show.
ed a fair degree of activity, the market
opening weaker under the decline in gold
to lis, but subsequently stitfenipg up with
an improvement in the latter and closing
at an advance of fully U cent. The sales
of sterling embraced fl05 600. including
$4,000 bill Of ladiDg at 1888; $4,000 at 1893;
f4000 AL bill OF ladlng and FLO 600 Al clear
at l24; f3S coo bill of ladiDg and clear at
123B@l24t; $4,000 Al bill of fading at l24g;
f2000 clear at l24 /; fl2O0 at 124$; f24 600 Al
bill OF lading and clear at 1243@l24s; bank
at 1913, and f75O0 bank and private bank.
crs' at l250l25t. The sales of francs sum-
med up about SOC, 900 commercial. of which
60 600 ut 1864, so 900 and 100, 600 at 55,
and $4,000 and so 900 at $50. Sterling is
quoted at l24@i243 for good to AL bill of
lading and clear. and 1253@125s for bank; |
and francs 4.55@4 $50 for the former and |
-@4.50 for the latter. 1t may be well to |
mention that these quotations are predi- |
Gated on the closing gold dispatch of 1l5s. |
The offerings of domestic exchange were |
light, and rates were shade ttiffer. The |
banks checked on New York at par, one or |
two of them, however, asking h cent pre-
MUM for small Gums, and the sales iDclu-
ded Sc 600, $40 600 $4,000, $40, 900, S20.-
600, Is 0O0 and $50. 900 commercial sight on |
New York at lie per Cent discount, and |
$50 600 att.
The business in stocks included 100 shares
Bank OF New Orleans at $40 so; 100 Mechan-
ice and Traders Bank az S48 so; 40 Union
Bank at $35 25; and Pneumatic Propel-
ling Company at SIPS; 6 Germania National |
Bank at sos so; 100 Mississippi Valley |
Navigation Company at SCI so; HOO Ship |
Island Canal at 81 60; 400 do at 81 20;
do at ST. 65, 81 674 and 81 20; 100 Union !
Bank deliverable in thirty days. at s37,
and 100 Canal Bank at s44 25 In bonds we |
noticed sales .of $1,000 and $1,000 Jackson |
Railroad first mortgage at Ssh.
The only sale reported in warrants is $4,000 |
Metropolitan police at ST. Dealers bought |
State at 1905, aud Metropolitan police st |
so, and sold the former at 745@7s, and the
latter at g..
There was some inquiry for city treasury
notes, but operations of any magnitude were
prevented by the limited fferings Dealers |
rates for small sums were IS % cent dis
count buying, and 30@31 selling.