New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-22
NEW ORLEANS REPUBLICAN, THURSDAY, DECEMBER o. 1870
Monetary--Commercial.
MONETARY.

MONETAR1.
OFPlCR or THE DAILY RRpUBi CAM
WEDNESDAY, EvxxYNe. December 81. lSfc
We have to report IN easier money mar
ket. The supply of capital at the banks
available for the negotiation Of approved
we notice scarcely anything Offering on the
street. We quote as street rates "A per
cent per month for Al notes secured by I'M
questionable cOllaterals, and l1I4 for AL
business paper without cOllaterals. Mort
gage paper rules at 1O0l1 per cent per
annum for AL, and IL Fla for second grade.
The ballot for directors of the Bank of
America, held to-day, resulted in the nnani-
nous reelection of oil the old board, viz:
A. NJ. Fortier, w. Il. Schmidt, q. J. Leeds,
d. FatjO, j. j. Fernandez, +. w. Tilton, j.
l. Adams, NJ. PUG, r. Maspero, j. Schcrek,
j. Caulfeld, Antoine Giraud and David
Jamison. The new board meets tomorrow,
when the officers will be chosen for the en-
suing year. We presume, however, there
will be no change from the present able ad-
ministratiOn.
Gold opened at 110ls q llOA against
1905 at New York;, and closed at the
opening rates, both here and in New York.
The sales included $1,000 at l10l4; $50, 900 at
l10as a ll0A; $4,000 at ITO 1I-16. and $4,000.
$1,000. $4,000, $4,000 and Sl1 600 at llOa4.
Nothing reported in silver.
Foreign exchange varied in agreement
with the course Of bills at New York, the
market opening weaker and declining u T.
cent during the day, but finally stiffening
up and closing the same as yesterday The
sales Of sterling embraced ETC, 200, including
flO.O0O bill of lading and clear at 1889 a
1lS%, at 1888 q ll9, $4,000 and $4,000 bill
of lading at 1888, fl5OO bill of lading at
1l9, f2O00 clear, f2OOO bill of lading and
E350O ships bills at 1873, fl5OO and El5OO
A I ala Al e y~l.
El2,OO0 bill of lading and clear at l19 q ll9A
Els, 900 AL clear and first-class at 1874 "a
ll9ls, $4,000 AL clear at 1879, $4,000 private
bankers at 1893, and f5OOO bank flor re-
mittance) at l2OA. Sterling is quoted at 1I9
@l19A, and 1913 for good to Al bill of
lading and clear. and 90 for bank.
Domestic exchange ruled lower. At the
close the banks drew on New York at I. y
cent discount, one of them asking Is for
small sums, and the sales included SIC, 900,
$4,000. $4,000, $4,000, 100000, $4,000
and 900 commercial sight on New York
at IS discount; $4,000 $50 900 and So, OOO
bank at the same, and $4,000, $3.50 and
$4,000 commercial and $4,000 private
bankers at ZIG.
Bank gold checks ON New York are quoted
at " a u cent discount.
The movement in stocks was confined to
100 shares Crescent City Slaughterhousc at
S24 So; so and 100 do at $2l IS, and 200
Mississippi Valley Levee at ST.
In bonds 1890 and 5000 new city, y
cents changed hands at 69Is; $1,000 and
$1,000 do at 692, and 5000 old city T.
cents at 711s.
The only sale of warrants reported is $500
new State at r. Dealers bought new State
at 7l@72, and Metropolitan Police (newl
at 81 97ls, and asked for the former - a
"a, and for the latter at SO q 9Sls.
Dealers rates for city treasury notes
were 25026 y cent discount buying, and
% "A selling.