New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-19
Commercial.
MONETARY.

OFFICE OF THE DAf1f REPUBLICAN,
FRIDAY EVENING, November IL, 1917. }
We have no material change to report in
the money market. On the street Al notes,
secuted BY unquesti0nable collaterals, are
quoted at 1dlA p cent y month, and good
do at III, and Al business paper without
collaterals at Has Mortgage paper still
and l2 IA for second grade.
Gold opened at 1923 lib against !!21s
at New York;, and closed at ~ a Il3i!
against 1881. The sales included $4,000 and
5000 at Il2la. $4,000 at 1121, 1928, $1,000
at 1925, $1,000. $1,000. $4,000 and $1,000 at
1924; $1,000 at l12A a ll2N; 5000 at ll3,
and $1,000 and 5000 at ll3's. Nothing
transpircd in silver.
Foreign exchange varied in agreement
with the course of gold and bills at New
York. The business in sterling embraced
100000. of which f4OOO bill Of lading at
zoos, $1,000 at l20tl. $1,000 at 12Dt, 5000
clear at 1908. q III, 1890 and $4,000 clear
and $4,000 bill of lading at l2lls 10000 AL
bill of lading and clear at l2l a l2ll4, -
at l:.Oa4 a l9I, $4,000 Al clear at l2l Is l2las,
$4,000 first class at 1915 and 10000 COM
mercial sight at l:2as. Sterling may now ",
be quoted ut 12i a l2l1s for good to Al bill
of lading and clear, and l22a4 a l23 for bank.
Domestic exchange showed no material
variation. The banks drew on New
York ut /, y cent discount, and the sales
included $4,000 and $50, 900 bank sight on
New York at IS discount. $4,000 private
bankers at 1892, $4,000 and S3O,OO0 COM
mercial and $4,000 and $4,000 private
bankers at ZIG and $4,000, $l5, 900. 1000
and $4,000 commercial at y. Bank gold
checks op New York are quoted at Il v
cent discount.
Only small business was reported in
stocks, the sales including a few shares
New Orleans City Railroad at $l61 so; 10
Louisiana State Bank at 1913; 2 old Pneu-
matte Propelling Company ut SIS; Is Cal
casieu Sulphur Mine {s5 paid at SIG; so
Slaughterhouse at $7 50, and % do at SIG.
We heard of some considerable sales of
Mechanics and Traders Bank; particulars
not made known. 1852 so was offered and
refused for Barbarin Gas Light stock.
In bonds $1,000 new city seven per cents
changed hands at 7ihs; $1,000 do at IAN;
$4,000 do at the same, and $4,000 old city
seven per cents at 1914. $3.50 fiscal
agency certificates tSeptemberI sold at 81
and 5000 seven-thirties at S2h.
A lot of $1,000 State certificates of indebt-
edness were reported at 63la: $500 new
Metropolitan Police warrants at 80; $3.50,
S209b and sos, 900 new State at "A; 500 ut
AN: and a small amount at 75ia. Dealers
bought the latter at '4a75, and sold ut
7JQ76.
Dealers rates for CITY treasury notes were
2Oa9 y cent discount buying and at Is
selling.
Owing to circumstances which it is I'M
necessary to explain, We deem it best for
all parties to suspend for the present our
usual publication of the offerings and bids
at the Board of Brokers, but hope that, in
accordance with the expressed wish of Sow
eral members, the board will consent to fur
nj II, fh,O,, 81, IA cOnrfpopS sprPpfarv an
official report on the subject, on which the
public can rely. At the same time we cheer
fully acknowledge our obligations to the
member who has kindly and disinterestedly
aided us in this matter hitherto. We
quote: