New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-29
Monetary and Commercial.
OFFyCE Of THE DAILY REPUBLICAN,. 1
TUESDAY EVENING. june q. 1870. !

OFFlCE of THE DAILY REPUBLICAN,
TUESDAY EVENING. june %. 1870.
In the money market we notice rather .
better demand for accommodations, prlncl-
pally from parties who are unable to obtain
loans at the banks. Occasional offerings of
tclass paper are made on the street, but
they command full rates. Mortgage notes
continue in request, and negotiations of
some very good paper were made to-day at
81 % cent 59 annum. We still quote 10@l2
ID cent S9 annum for AL notes secured by
unquestiopable collaterals, and AL business
paper without cOllaterals, and 1@1t y
cent % month for second grade and 9010 u
cent B annum for AL mortgage paper and
1l@l2 for second grade.
semi annual dividend of ten per cent, paya-
BILE to the stockholders on and after the
second Monday of July next, tax free.
Gold opened at ll0s @ll0s against Ill
at New York;, and closed at ll05@1nt
against llls). The sales included $1,000,
$40, 600 and $4,000 at 10S@1l0l; $4,000
at 1102 and $4,000 and SIC, 600 at 11O5.
Nothing transpired in silver. 1t is quoted
at 107@l07A for American half dollars, and
500 cent premium in gold for Mexican
dollars
The movement in foreign exchange was
quite fair, the market opening at about pre-.
vious prices, but subsequently stiffening up
and closing at y cent advance. The sales
of sterling embraced f28, 900, of which
$4,000 bill Of lading at 1903; $4,000 and $4,000
clear at 1909; fl500 AL clear at 1909; $4,000
at III; f50OO at -, and f3500 bank ut 1919.
In francs SOC. 900 commercial $3.50 600, $50, 900
and 800 .00O), mostly ninety days. sight sold at
475. Sterling may now be quoted at l203@
1914 for good to AL bill of lAdiDg and clear,
and -@l22 for bank: and francs 4734@
All for the former and -@4.675 for the
latter.
Domestic exchange was dull and heavy.
and most of the banks checked on New Y ork
at / % cent premium for small sums, but
one Of them supplied its customers at
5@3.16, and the sales included $40, 900 COM
mercial sight on New York; $4,000. SIG, 500
and $50, 600 private bankers, and $40, 900
and $4,000 bank at par, 1872 900 bank at
1872 premium; SIS, 900 commercial at l-16,
and SIS. 900 sight on Boston, without grace,
at ] discount.
The active movement noticed in Ship Is.
land Canal stock has subsidized, and to-day
we heard of only few Gales, early, at 900
92tc. Toward the close there were sellers
at S2kc. The market for other shares was
extremely dull. with little disposition to
operate, either for investment or on specu.
lation. The reported transactions included
IS shares Crescent City Slaughterhouse at
S22 rs, so do at $22 IS. at $23; 500 Ship
Island Canal at 80, 500 do tresalej at 92A, and
Al Louisiana Lottery at SOL.
The sales of warrants included $4,000
Metropolitan Police at 984; 500 at 9St; $500
and $500 at SO, aud $4,000 jury warrants at
IS. Dealers bought Stale at 863@- for new
and 94@944 for old, and Metropolitan Police
at 9Saa, and sell the former at s7@STa for
new and 959@- blank for old, and the lat
ter at 800.
City treasury notes were in request, but
we heard of no round sales. Dealers rates
for small sums were 20@22c discount buy
ing, and OILS selling.