New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-16
Commercial.
MONETARY.


OFFICE OF THK DAILY REPCBl CAN.
THURSDAY EVENING. December .. i6iv. 5
There has been no material change in the
money market since our previous report.
The liberal cotton sales of the past few
days have contributed somewhat toward
easing the market, and we notice less press
ure at some of the banks. On the street
We hear of only a few transactions within
the range of our quotations, which are
10lA y cent y month for AL notes with
unQuestiOnable cOllaterals, l ~ for good do,
1ls az for AL business paper without col
laterals. Mortgage paper rules at 10 I'll v
cent v annun. for AL and 12aN for second
grade.
Gold opened at ll0a. a Ill against
ll1A at New York;, and closed, after fair
business. at 1lOAs ll07s against 1l1B).
The transactions included $1,000 and 900
at 1l0ss, $4,000 at 110as a ll0A. $4,000 and
$4,000 at 1904, $500, $500, $4,000 and $1,000
at llO7s, $4,000 at l107s a Ill, and $1,000 and
silver half dollars sold ut l06.
The movement in foreign exchange
showed fair decree Of activity, the closing
rates for commercial bills showing an i'm
provement of u " cent. The business in
sterling summed up 200, including -
bill of lading and clear at ll9ls ll9A;
fl0,0O0 at 1913 1895; f4OOO bill of lading
at 1874; 10000 clear at 1l9ls 0119ss; fl5,-
900 at ll9t a 1875; fl5OO and $4,000 Al bill
of lading and $4,000 clear at ll9ls; 1900
AL bill Of lading and clear at 1917 q 1894;
f750O bill of lading at 1893; flO0O and
fl500 AL clear at 1l9s4, and 5000 private
bankers at 1893 a 100 In francs 100000
AL commercial were sold, Of which 600, 900
at ALBA q AIS, and $4,000 at 4.71A. Ster-
ling may now be quoted at l19A 1898 for
good to AL bill of lading and clear, and
1904 a 1903 for bank.
The market was again poorly supplied
with domestic exchange. and rates ad-
vanced u u cent. The banks drew on New
York, at the close at \. v cent discount for
small sums, one Of them still supplying Gus
toners at 3s, and the sales included $4,000
bank sight on New York, and $50, 900 priv
ate bankers at SIG discount; 5000, $685.
900 and $4,000 private bankers, and $lO,-
900 bank at ll-32; $4,000 bank and $50, 900
private bankers at 1899. $4,000 and 49,
900 commercial, 1000 and $25, 900 private
bankers, and $40, 900 bank at ZIG: $4,000,
$4,000 and 1900 commercial, and $780, 900
private bankers at ", and $1,000 sixty days
sight ON New York at Dig. Bank gold
checks were more in request. and com
manded ls a "a p cent discount.
Operations in stocks included 100 and lJO
shares Slaughterhouse at $24. II Bank of
New Orleans at $40 25, 100 Crescent City
do at 81 1917, and 100 do 81 SIZE. The lat
ter was subsequently offered at So IS and
81, and no buyers.
The transactions reported in bonds are
$500 new city seven per cents at 69ha, $4,000
do at 1894, and $1,000 at 20.
A small amount Of city fiscal agency GER
tifcates July l6) sold at g..
In warrants $500 new Metropolitan Police
brought 98ls. $500 do 9Sls, $500 and $3.50
Cvofo vrorpouts uaw u GV00 On IL, on1
$1,000 do 71s4. Dealers bought the latter at
20 al, and sold at II " a72Is.
A lot of 800 city treasury notes were sold
at 23ls Y cent discount. Dealers bought
small sums. at the close. at . discount. and
offered to sell at 231s 024.