New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-29
Monetary and Commercial
MCNETAR n.
OFFlOE OF THE DAILY REPUBLICAN,
THURSDAY EVENING, April %, 1870.

OFFlOH OF THE DAILY REPUBLICAN, /
THURSDAY EVENING April %, ls70
The money market continues unchanged.
| On the street Al notes, with unquestiOnabe
| collaterais, and Al business paper without
| collaterals, are quoted at l0Ml2 u cent &,
anpum, and second grade at II a Il u cent
| u month; Al mortgage paper at l0@1l Il
| cent f8 annum, and second class at ZIG.
| We noticed slight increase in the apphca.
| tons for discounts at some Of the banks.
| but the supply Of available is ample, and all
| approved paper Is readily negotiated. Up
| to twelve NJ. several bids had been made Tor
! the 50 COO coo State bonds offered by the
| Citizens BANK, but the agent is still open
| for further offers, none of those made thus
| far being up to his view OF their proper
| value.
Gold opened at 1l4s G1I45 (againtt lis at
New York;, and closed at 1l5@1l54
| against 1l55 at New York; The sales in
| Guided $40 eco (5000, 5000, s5000 $40 600
| and 500 0O0) at ll45; 10000 ISIS GOO and
$4,000 at l15i. Nothing transpired in
silver.
moderate business was done in Foreign
Exchange, and rates showed further i'm
provement OF Il cent for commercial
Sterling, the market is advancing in agree
ment with gold. The sales Of sterling EN-.
braced aboutIG40, 600, of which $4,000 bill of
clear and $1,000 AL bill of lading at l244;
f1OO0 AL clear at l245; fl0 600 AL bill of lad :.
ing and clear a. 1244@l254, and $4,000 bank
and 10000 AL clear at 1851 and small
amount of bank ut 1851. In francs 425 coo
commercial changed hands. including 1875,
coo ut t.54 and leo 900 and 200, 000 at 4 SEQ
Asia. Sterling may now be quoted at l24f@
1853 for good to Al bill ofladlng and clear,
and 1254G1l26 for bank, and francs 4.534@
4 5l4 for the former and 450@- for the
Iatter. In addition TO the 100000 sterling
reported yesterday, f24 900 commercial sold
at l244, making the total for the day
GSl4 600.
The market for domestic exchange was
poorly supplied with commercial bills, and
rates for that description were rather sitter.
The banks continued to draw on New York
at : 81 cent premium, and the sales Included
S25, 600 commercial sight on New York at
! premium. $40 600, $1,000, SO 600 S25,-
900, $50, 600 aud $50 600 commercial, and
$50, 600 aud $50, 600 private bankers at 932,
and 10000 and $25 600 commercial, $4,000
private bankesr' and $50, 600 bank at 5,16..
We noticed more activity in stocks, the
sales including Is shares Bank of New Or
leans at Sal 25; 10 Carrollton Railroad at
Sis SO; 200 and 500 Mississippi Valley Navi-
CATION Company at SO so; 200 Crescent
City Slaughterhouse at S29 100 do at 500 %;
200 do at $40 So and 800 do at $50; 200
Ship Island Canal at 81 574, and 200 Gesae)
and 200 at 81 so; 100 and 100 Mississippi
Valley Levee Company at so S75; $50 do at
Sill and $50 (resale) at S11 %. At the close
as high as S31 so was bid for Slaughterhouse
stock. A round number of Ship Island
Canal was reported. at sc y share above
what il WAS offered at before and since.
Messrs. Glrardey & Co. sold by auction IL
shares st. Charles Hotel stock at SIG;
Louisiana State Bank at sic, and Bank OF
Louisiana at 15c.
We heard of no transactions in bonds ex-
cept City Waterworks five per cents of 500
each lat auction by the same parties men
ii ned above) at 81.
No round sales of warrants were reported.
Dealers bought State at SO for new and 81
for old, aud Metropolitan Police at 934@
934, and sold the former at SO for new and
81 for old, and the latter at 944@-.
Nothing reported in city treasury notes;
they were offered at IL discount. Dealers
rates for small sums were is discount buy
ing and 1905 selling.