New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-10
Monetary and Commercial
EVARX .

OFFICE or THE DAILY EEFubLCAN,i
SATURDAY EVENING. April .. th!u
The money market continues in the same
condition rs noticed In our reports Tor some
time past. The. demand TOR discounts Is
only moderate, and with an ample supply OF
capital available for the negotiation OF ap-
DroyeS paper, most of the offerings OF that
description are readily taken by the banks:
On the street the transactions are contaed
to names which are not negotiable at bank,
but even in these we hear OF very little
doing We still quote as street rates 10 d
cent q annum TO q cent . month for
Al notes, secured by upquestlonaole col
laterals, l4@l3 y cent d month for second
grade; lGl4 for AL business paper without
lOC0ll = cent d aDnum Tor Al mortgage
notes and IL tor second grade.
Gold opened at l12@ll24 against 1123
at New York;, and closed at ll240ll3
(against ll3 at New York;. The sales in
claded $4,000 at 1l2; $1,000, 5000, $4,000
and $4,000 at 1928; $4,000 and $40, goo at
Il2I; $4,000 at 1929; $50 600 at ll2s; $4,000
at ll2E and $1,000 at ll2s. Nothing reported
in silver.
fair business was transacted in foreign
exchange, and under the further advance
in gold rates ruled 4@l . cent higher at the
close. The Gales OF sterling embraced
f54. GOO, of which $4,000 bin of lading at
1911; e25O0 AL clear at l2ls; Gl500 AL clear
and 1880 al bill Of lading at l22; go, coo
Al bill Of fading and clear at 12l&@l224;
E25OO 0ank at 1928; $4,000 Al bin OF ladiDg
at 1924; f1000 bank at 1929; $500 at 1928
and f40QO at 100 gold. In francs there we're
sales of 275 600 commercial, including $4,000
at 466i; $4,000 and $4,000 at ass, and
$50, coo at 462i. Sterling may now be
quoted at l226l22. for good TO AL Dill OF
lading and clear, and l23@l23l for bank;
and francs 465@4 SIG for the former, and
"a so for the latter.
The offerings in domestic exchange were
light and rates we're rather sitter, though
without any msterial advance. The banks
drew on New York at ! u cent premium.
and the sales included S26 GOO and $40 0QO
commercial sight on New York, and $40, 00O
bank at premium, $50, 600 commercial, and
S25,O 600 and s25, 600 private bankers at 9-32,
and $4,000 commercial. and $4,000 and
$50. 600 private bankers 81 sic.
The movement IN stocks was more sctlVe,
especially in Siaughterhouse in which there
was quite an excitement at the transactions
showing larger business than has been re-
ported on any day for some time passed.
The transfers OF Canal Bank stCcl within
the past week amount to about 1000 shares,
of which q considerable part-including l0C
and 100 shares on Thursdsy-has been sold
within the past few days at SAG %. some
few transactions having been at SAC and
under. Last week sales were reported al
s45 so; this would indicate an advance since
of 75c per share. As noted above, st.
Charles Street railroad sold at SG5, but s6t
was subsequently bid for it and refused.
In bonds $1,000 city seven per cents changed
hands at IS, and $1,000 al 7Ss.
The sales of warrants included $1,000 BE
tropoltan Police at 93i, and $1,000, $1,000
and $40 900 old State at sc. Dealers bought
State at 80 for new ieeue and 93 for old; and
Metropolitan Police at 92@92l, and sold the
fo,mer at 90 for new, and $685. rold, and
thelatter at 938094.
We note sale of $4,000 city notes u q
cent discount. Dealers rates for small
sums were IL discount buying, aud Il
selling.