New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-18
Monetary and Commercial
MON ETAkY.

nrEtoy ov THE DAILY REPUBLICAN,
THURSDAY EVENING. March IL. is1V }
The money market is quiet and easy.
On the street Al notes secured Dy u1q1esa,
tionable colIaterals may be quoted AT !ggi =
az cent ~ annum. and second class l4gl5
- cent q month; Al business paper at
iMII ~ cent S3 mouth, and second grace
-m1h.Al mortgage paper lO0ll q cent Il
aupufn and second grade IL.
Gold opened at 1lii@1l2 against IL
at New York; and closed at llZCgiiZs
against 1I2I at New York;. The sales IN,
Guided $1,000 at lll4; $1,000. Slo,oUo ara
100000 at 11lE; $500, $4,000, sl9 0OO,
S25 600 and $40. 600 at III; $4,000. $4,000
and $50 600 az 1921, and $500, S2500. SlO,000
and Sl5. 600 at lI2l. We heard of no sales
ofssilver It is quoted nominal at ING
ll15 for American half-dollars and no e
cent premium IN gold for Mexican dollars
The movement in foreign exchange
showed fair degree Examination, ana with
a slight advance in gold and an improve
mel { in sterlir g bills at New York, rates for
sterling were per cent higher at the close.
The sales of sterling embraced about $50
GOO. including f2o00 bill of lading at l194;
fl0OO, e3500, f700O and fll,000 at ll95;
f2O00 clear at the same; fS0O0 at l9l tZoOO
f., AL clear at 1l95; f20o0 aud f2OO0 Al clear,
and f500O Al bill of lsding at 100; fl5,OOo Al
clear at l204ll20s; $500 and f200O bank at
1909: e2O0O at 1908; $4,000 at III, and $1,000
at i0S4 in gold. In francs there were sales
of fully / eco 900 commercial, of which 400
GOO at A 75l4.733; 800 600 at 4.733. and No.
600 at 4 III Sterling may now be quote
at 1l92@l .20l for good to Al bill OF lading
and clear, and 1204@l Il for bank and
francs; 75Ge4. 72a for the former, and 47o
O. for the latter.
The offerings of domestic exchange were
less liberal, and rates were trmer,
though hardly quotably higher. The banks
stiIl drew on New York at par for small
sums. and the sales included s25 900, $50 GOO
and $50, 600 private bankers sight on New
York; $4,000, SIC 600, $4,000 and $50 GOO
bank, and Sl35,000 bank and private bank
ers at per cent discount. SIS 600 CONNER
cial at /; siO0 600 st 4@5.l6; $50, 600 thirty
days sight at II, and $4,000 gold check on
New York at discount.
The principle feature of the stock market
was the active movement IL Ship Island
Canal shares, which sold at the opening at
ST. 20, and, after touching at 81 10, closed
weak at 81 775. The sales included ll5O
shares at 81 20; 1850 (re-sale) at 81 70; 800
lat the close) at 81 rs; 300 and 800 at
81 80; 400 at 81; 1850 at the same, and 100,
400 and SEQ at 81 10, and late last evening
800 at 81 623 and 500 at
Fl rs, 81 shares st. Charles street Railroad
sold at S64: 2 Pneumatic Propelling Com
pany at sll5 and 20 New Orleans Sanitary
and Fertiiaipg Company at $50 We heard
OF no sales OF bonds.
State warrants were in active demand,
and sold at still higher prices. About S4o,-
900 changed hands at 90@923, and Sic, 600 at
9o5. Noround sales of Metropolitan Police
warrants were reported The dealers
bought small amounts across their counters
at 86@87, and supplied taxpayers ct $685..
There were sales of several thousand do
lars of city treasury notes, rates rot men
toned. They are now quoted at lO@l3 Y
cent discount for round amounts.