New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-20
Monetary and Commercial
UFFIUE OF THE DAILY REPUBLICAN.
SATURDAY EVENING. March 10. ls!o.
MON ETAK u.

UFFIUE OF THE DAILY REPubLLCAH.t
SATURDAY EVENING March ~. ls!o.
The money market continues to work
easy. The offerings at the banks are ialr,
but not in excess of their available capital,
and discounts are readily obtained on all APP
proyed paper. There has been rather more
speculative feeling evinced in State and city
securities within the past few days. but the
movement in them has not been sufficient TO
cause any sensible increase IN the demand
for money on the street, and hence the Offer
ings outside continue on the same limited
scale noticed in our reports Tor some ume
past. To-day we heard OF moderate
done at y cent ID month. The ruling rates
are 1O@l2 u cent Il annum for
Al notes secured by unQuestionable col
;aterals, and I4@ll R cent b month.
for second class. Business paper with
out collaterals could readily be placed at
oil % cent u month for Al and -gl5
for good and second grade. and mortgage
notes l0@l1 q cent y annum tor Al On pro-
ductive property situated IN the business
art of the ty, and II for second grade. EX-
ceptiopal transactions in the Latter, how
ever, have been made at 10.
God opened at l1l4@1l2 against III at
New York;. and after touching ll25, closed
at ll2@ll2t against ll2i at New YORK;.
The sales included $4,000 Sl5, 600 and s40.-
D
$4,000 and $40 900 at 1125; $4,000 and $40, goo
at ll2l: Sl3, 900 at 1923, and $1,000 at 1l23.
Nothing reported in silver. 1t is. quoted at
l1OMlll for American half dollars, and
p "a cent premium in gold for Mexican
dollars.
There was more animation in foreign eX-
change. but still the business was very
liohtl Rates varied in agreement with the
course of gold and bills at New York. the
market closing at an advance of 4W3 per
cent. The sales of sterling EN- braced Esq.,
| 600. including $4,000 clear and $1,000 bill OF
| lading at l20; fl000 and tlOO0 clear at Tvs
$1,000 private bankers at 1903; $1,000 Al clear
| and clio. 600 Al bill of lading at 1903; $4,000
| bank at III; $1,000 and $4,000 at l2l4, and
$4,000 bank sight at 1919 In francs we
noticed sales of about 600, 600 commercial, of
which SC, 900 at 4.7l3 525 600 at All i@4.7O
and 1000 at 4 10. Sterling may now be
| quoted at l.200l. 204 and 1905 for good to Al
bin of ladlng aud Gear, and 12lWl2l4 for
bank. and francs 4714G4.70 for the former
and 4.6S4 94.67s for the latter.
The offerings of domestic exchange were
| yery light, and rates ruled Il cent higher.
| At the close the banks checked On New
| York at, I@l 2 cent premium. but mostly
| at I. and the sales included $4,000 private
bakers sight on New York, and SIS coo
| bank at par; $3.50 commercial; scot
! private bankers, and SIS, 600 bank AZ Is
| y cent discount, 900. commercial anu
els 600 private bankers al l-lG, $40 coo
S33 600 and 10000 commercialaat !; $40. 0OC
at ! and $4,000 thirty days sight on Ne"
York at /. and $4,000 and $40 COO golc
checks on New York at ! discount.
Il. W. Palfrey, auctioneer, sold by auction
o. shares Union Bank Stock at S37 %; 5000
Merchant Insurance Company scrip, OF 1866
at 77i; s1OO Nv Orleans 1nsurance, OF 1860
and $50 of 1866 at IS; Sl00 Crescent Insu
rance. of 1sG3, and $50 of 1865, at the same
and $40 Sun Insurance, Of 1853, $50 Of 1859
$40 1860 and $50 of 1861 at 70.
We noticed sales of $4,000 Metropolitan
Police Warrants at s83, and Sl200 and 5000
State at go. Dealers bought the former, II
small sums, at s64@s7. and sold at $50
There were sales of $500 and $4,000 cit.
Treasury notes at 12l per cent discount snt
SllOO ut IA. Dealers rates for small sum
were Is discount buying, and l25 selling.