New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-06
Monetary--Commercial.
MONETARY.
OFFICE OF TEE DAILY REPUBLICAN.
MONDAY .EIRsIING, December 5. 1870.

OFFICE OF TEE DAILY REPUBLICAN,
MONDAY EvshISG, December 5. 1870.
The stringeLcy in money shows little or
no abatement, though as usual on Monday,
the applications for discounts at the banks
were fewer. Last week. on the street, ne
gOtiations of round amounts of first-class
paper, with eoIlaterals, were done at the
exceptional rate of 10 ~ cent per annum,
but to-day some brokers report that they
are unable to do better than II. A round
amount Of AL commercial paper was neso-
tiated at | Il p cent y month. We make
no change i'll quotations, but repeat them
with the remark that the outside figures
are very full: Al notes secured by first
class coilaterals @1l4 u cent p month
good do at oily, and AL business paper
without collaterals at ~ a2is.
Gold opened at llGas a ll07s, against Ii |
a Ill Is at New York and closed after good
business at HOS all024 (against LII. The
sales included $4,000 and $1,000 at !!0ss,
$4,000 at 1903. $4,000 at ll0a4 a llO7s.
$4,000, $4,000. $1,000, $4,000 aud $4,000 at
il07s, and $4,000 at 1li4. Nothing re-
ported in silver.
There was again an active movement in
sterling exchange, though the business was
not as large as on Saturday. The sales
embraced sil9,000, of which tl6.0O0 bill of
laling and clear at ll9 1874 and 1l912 !.
f23,O0O at lI9 ll912; elSo0, $4,000 and
&tUUU Dllf ol lduiS dt @lCsvVV al
clear at 1875 0ll9as $1,000 bill of lading
at ll9ls 0ll9l4: ej000 and $4,000 bill OF lad
ing and t6000 AL clear at ll9l4 flS,OOO AL
bill of laiing and clear at ll9ls 1872 /:
6 1000 AL clear at 1893 5000 at ll9A and
f600 bank, for remittance, at l20l4. We
noticed also sales of $4,000 commercial
francs, OH Switzerland. at AGA and 100000
at AIS. Sterling may be quoted at 1889 a
II3la for good to Al bill Of lading and clear
and l20 a 1903 for bank.
Domestic exchange was shade veal er.
though hardly quotably lower. The banks
drew ON New York at y per cent discount
for small sums. and the sales included $780,
900 commercial sight on New York, S25.Go0.
So, 600 and $4,000 private bankers, $4,000
bank and private bankers and $4,000 and
$4,000 bank at Ills per cent discount.
5000 private bankers at IS, $4,000 $4,000
$4,000 and $4,000 at q, and 5000 thirty
days sight on New York at ,
Operations i'll stocks were OF moderate ex-
tent, including - and 200 shares Slaughter
house at $2i; D. 100 and 200 do at 81 90;
800 do at S2i 30 a - 30: 100, 100. 100 and
200 do at SIS: l00 Louisiana State Lottery
at $50 30; 30 Canal Bank at S43 30; ID New
Orleans City Railroad at Sl7G so, and 30
Mississippi and Mexican Gulf Canal at
50 20. On Saturday, not reported, 10 shares
Calcasieu Sulphur Mine sold AT $40 To-
day sl4 80 was bid and refused for go
shares of the latter.
The sales of bonds included Sl5Jo new
city seven per cents cX-cOupon at 10, and
$1,000 at 70i4.
$1,000 new State warrants changed hands
at II 7s, and $1,000 do small at 1914. Deal
ers bought them at 1Ola d72i2, and sold at
7ll2 Oh.
A small amount $500 city treasury notes
sold at % T. cent discount. Dealers rates
were 23a2j discount buying, and 20 022
selling.