New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-04
Monetary and Commercial.
MON ETARY.
OFFIOX Oe THE DAILY REPUBLICAN

oEFIox os THE DAILY REPUBLICAN,.
| TUESDAY EVENING. May 8, 1870.
The money market proper is quiet ani
easy. The street rates are still 10 y cen
% annum for Al notes with unquestiona
BILE collaterals, and AL business paper
without collaterals, ~ cent q month fol
second grade. Mortgage notes are quoted
at 90l0 u cent u annum for AL and first
class, and 1l@l2 for second class.
=, Gold opened at l453@ll4i against ll4i al
New York;, and after selling as low as 1l4l,
closed at 1l45@ll4l against HAD The
| movement was more active. the sales in
| GLIDING $4,000 at l454, $4,000, 1000 $40, OOC
and $4,000 at ll4l; $4,000 and S25. 900 at
l143, $40 900 at las @ll4i, and s30OO ST., 600
and SAC, 00o at ll44. No sales OF silver were
reported.
The business in foreign exchange was of
fair extent, and with a falling off in gold
and a rather weaker market for domestic
bills, rates gave way, closing 4@9 p cent
lower for commercial sterling, aud for
bank. The sales of sterling summed up
about 100000 including $1,000 bill of ading
at 124s; $500 and $4,000 bill of iading at l245 !;
f26,O00 Al bill of lading and clear at 12450
124i; f35OO private bankers at l247, and
$1,000 bank and private bankers at l25I@
1881. In francs $4,000 commercial changed
hands at 4.56l, and 125. 900 at 4.53a. Sterling
may now be quoted l24!@l2i} for good to
Al bill OF lading and clear, and at l25s@1255
for bank, and francs at 4.564@4 55 tor the
former. and CT 81 for the latter
With an increase in the offerings, rates for
domestic exchange showed less tirmness,
and. in fact, the market closed shade
easier foricommercial bills. We heard of no
sales below D cent premium, but at the
close drawers were unable to sell at any
thing higher. The banks drew on New
York in sums to suit purchasers, at u cent
premium, and the sales included $4,000,
SIS, 600 and $50, 900 commercial sight on New
York, and 100000 bank at / premium.
$50, 900 commercial, and $50 900 ard SIS 900
private BANKERS at 9-32, and S12 600 private
bankers (earlyl at Sic.
There was more doing in stocks, but
operations were mostly confined to the
fancy list. A few shares CT Bank of New
Orleans changed hands at further advance
ana there was some speculative movement
IN Mississippi Valley Levee and Crescent
City Slaughterhouse, resulting in an i'm. |
proyement in both. The sale included a
small number of Bank of New Orleans shares |
at S43@43 25: 200 Mississippi Valley Levee |
Company at Sl4; 1900 do at sl4@l4 so; 100 |
Valley Navigation Company at |
So 25; II do at S. so; 500 Ship Island Canal |
ut 81 55; 20 Crescent City Slaughterhouse |
at $50; 100 do at S31; 100. $50 and 200 do, |
10y eiS oo'iou AeAl "eeh, az so0' oU 90 De-
lverable on the spot. at the same, and 500 |
10 sellers option next week, at $34.
Nothing reported in bonds.
Three thousand dollars new State war
rants changed hands at SO. Dealers bought
State at IS for new and 924@93 for old. and |
metropolitan Police at 933@94, and sold the
ormer at SO for new and -@94 for old, and
he latter at 945@95.
We heard OF no sales Of city treasury
notes. Dealers rates for small sums were
75@lo discount buying, and Is selling.