New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-09
Monetary and Commercial.
OgFlUR OF THE DAILY RgPUBLl0AN.
"WEDNESDAY EVENING. June 8, l6U.

OgFlOR OF THE DAILY REPUBLICAN,.
"WEDNESDAY EvExINo. june 8. ls70.
There is still quite good demand for
discounts at the banks, but with an ample
supply of capital for the accommodation Of
| all AL borrowers the money market con-
tinues easy. On the street we notice very
little movement and the rates are without
any quotable change, AL notes with IN
questionable collaterals and Al business
paper without collaterals ruling at l0@l2 y
cent % annum, and second class at l@l4 u
cent u month. Mortgage notes are quoted at
9@lO u cent 70 annum for Al and HOP for
second grade.
Gold opened at ll3a@ll3l against 1lsa
at New York;. but dropped to l13s@l135
under later kilograms quoting ll3s, and
finally closed at l134@1l34 against 1l3D.
The business showed very little animation, the
reported Transitions being confined to about
$50 00O-viz.: $1,000 at 1lSs; S22,O0O $4,000,
$1,000, $4,000 and $40 000) ut l135; $4,000
at l13t@1l354; $1,000 at 1875; and $4,000 at
1l34. We did not learn OF any sales OF
silver.
Foreign exchange was unsettled by the
course of gold, and rates again gave way,
the market closing at / u cent decline. The
principal feature WAS the increased offerings
| of francs. which have for some time past
been scarce. The supply of sterling bills
was moderate, and the sales included ESQ 900.
of which $4,000 commercial at =; $4,000
clear at 1924, and $4,000 AL bill of ladipg and
clear and fl4 900 AL bill of lading at 1914.
The sales Of francs reached 500, 900 CONNER
| cial. including $4,000 at AGO; 100000 at
4.5S4; 100, 600 and IT'S, 900 at 457a; 10000
at 455. and Is, 900 private bankers at ASIA.
Sterling may be quoted at 1235@l24 for good
to AL bill of lading and clear, and l24a@
l244 for bank; and francs 5s4@- for the
| former and 52t@- for the latter.
Domestic exchange was dull, but rates
showed no quotable change. The banks drew
on New York at % cent PREM. and the sales
included $4,000 ana $40, 600 commercial sight
on New York at premium, $4,000 private
bankers at 9-32, $685. and 10000 private
bankers and S25, 600 and $4,000 bank at
5-l6, $4,000 private bankers at 9-32 q 5-l6,
$40, 900 twenty days sight on New York at
discount and $4,000 thirty days sight at /.
We noticed also very dull market for
SlaughterhOuse and Jackson Railroad
changed hands, but beyond these there ap-
pears to- be nothing DOING. The sales in
cluded 300 shares of the former at S23 So
and 200 of the latter at SIS. At one time
during the day Slaughterhouse was offered
at S23 70, and at the close some authorities
quoted S23@23 so. We heard of sales at
S24 and S24 IS, but were unable to suSstan-
tiate them. Ship Island Canal was offered
at SO@S24c, and Mississippi Valley Levee
Company as low as So.
Nothing TRANSFERRED in Bonds.
In warrants, $4,000 Metropolitan Police
sold (late last EVENING" at 96s, $1,000 and
$4,000 do (to-day) at 96ic, and $4,000 new
Stats warrants at SO. Dealers bought State
at 8S@SSi for new, and 935@- for
old, and Metropolitan Police at 953@96. and
sold afS for "a
for old and the latter at 965.
City treasury notes CONTINUED neglected.
Some of the dealers offered to buy small
sums at 80 b cent discount, and sell at %.