New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-26
Monetary and Commercial.
MON ETAA Y

| JfF1OE OF THE DAILY R.PUkLICAS.
| FRIDAY EVENING. March Is. 1870
The money market continues to worl
easy. There is fair demand tor accom-
modatiOns, but with an ample supply o
available capital, all approved paper Is don
readily by the banks, and there Is very lit
| tie pressure for discounts outside. A mod
crate amount OF Al business paper withou
| collaterals was placed at IA f3 cent u month
We still quote 10 % cent ~ annum to l 4
cent y month for Al notes secured b,
| unquestionable COlaterals and 14013
cent u month for second class; l0i4 fo
AL business paper without cOllaterals; @:
for second grade; 10@l2 u cent u annun
for AL mortgage paper, and Il TOR secone
| class.
|. Gold opened at 1l2 !@ll23 against ll2s a
New York; and closed:at llI4@lll5 (agains
| 1l1s ut New York;. The market was poorly
| supplied with cash gold, but the demand
| was limited throughout The sales include
$500, $1,000, $4,000 Sl0, 600, $40, 900 and $40
600 st ll25; $4,000 at ll2 3-16; $4,000 anG
S25,000 at ll2l ard $4,000, $1,000 and S1l ,00(
at 1928, The movement in silver was con-
fined TO triflng sums not worthy Ofmention
American halt dollars are quoted nominal al
1lO@ll03and Mexican dollars 24@-.R cent
premium in gold.
There was more animation in foreign ex-
change, rates ruling about the same as yes
terday during the early part of the day, but
closing at decline Of fully / % cent IN
keeping with the falling off in gold. The
sales of sterling embraced about f50,000, OF
which $4,000 bill of lading at 1901; $1,000 ana
$4,000 clear and $4,000 bill of ladlng at 1909;
$4,000 clear at 1905; fl30O and $4,000 at III;
t22,000 AL bill of ladlng and clear at 12l0
1911; $4,000 Al clear at 1919; $4,000 at 1911 Ia
12l3, and $4,000 bank at 1919. The business In
francs reached 900 900, including so, 600 and
$50 900 commercial at 70; 800 900 at 4.70@
4 6Sf 10000, $4,000 and 250,0 900 at 4.68i, and
$4,000 commercial and 90, COO bank at 671.
Sterling may now be quoted at l2e4@120l.
and l21 for good to AL bill of lading and
clear, and l2l9G124 for bank; and francs
All G4: 20 for the former, and 4.673@t.664
for the latter.
Domestic exchange was rather dull. The
offerings were not so liberal as yesterday,
but with less demand, rates showed 10 ma
terial variation. The banks checked on New
York at ! y cent premium Zone OF them ask
ing ,, ana the sales included $4,000, $40,
coo, $4,000, $4,000 and $751; 900 commercial
sight On New York, $4,000 private bankers ,
and 100000 bank at . cent premium. and
SIS, 900 bank at 1872.
The principal feature in the stock mar
ket was the active movement in Ship
Island Canal shares which sold up 81 80
during the day, but closed at 81 SIS. The
sales included 400 shares at 81 SIS; 200 at
81 571, and 500, 500, 800 and 1000 at 81 90, and
about 5000 Gate last night, after the board)
at 81 S0Wl 825. There were also sales OF
shares Louisiana Agricultural and CONNER
cial Association at $50; so Bank of New Or
leans at $50 IS; and %, Is and 30 Mississippi
Valley Levee Company at 81 80. In bonds
$4,000 city seven per cents changed hands
at 7S3; SlI00 at S09-a marked advance.
State warrants were in request and brought
higher rates. We note sales of $500 at
Metropolitan Police were reported. Deal
ers bought small sums at 63G6Sl, and sold
at $1,000.
We note sale of $1,000 city treasury notes
a. IA y cent discount. Dealers bought at
l4@l5 discount, and sold at 13@14.
$1,000 State notes sold 1t the advanced rate
of 945 We quote: