New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-31
MonetaI Cornl1lerc
MQNETARY.


OFF1CE OF THE DAILY RBPUDLIcAN.l
FRIDAY 8vHMme. December y. leNA )
The money market continues gradually
to relAx, and most Al borrowers are able to
obtain accommodation readily at the
banks On the street the negotiations are
ing taken at bank. and We hear Of only
occasional transactions at our quotations.
To-day some $l0,000. occurred BY Al c0llate-
rails, was done ut 10 Y cent v annum. We
quote 10 y cent y aunum to per cent per
month for AL notes secured by unquestiOn-
BILE collaterals, and l0lh for AL bust
ness paper without cOllaterals; and 1O0ll
v cent y annum for AL mortgage notes,
and l20 Ia fur second grade.
dividend to-day Of 10 y cent, from the
profits Of the past six months, payable to-
morrow, December 81.
Gold opened at Ill 0lllA against l1Oss
at New York., and closed at the opening
rates (against 110N), touching lllas and
Hin during. the interim. The sales in
cluded 5000 and $4,000 at Ill; $4,000,
SIC, 900 and $4,000 at 1ll%; 1000 at Ill v
alllA; $4,000, 900 and $4,000 at III v;
$500 at lllss. and $1,000 at 1llh.
In silver, $4,000 in American half dollars
sold at 1924. 1t is quoted at lO90 l09A
for American halves, and q al y cent
premium in gold for Mexican dollars.
The offerings Of foreign exchange were not
large, hut with the decline in domestic and
with the withdrawal of several of the lead
ing buyers from the market until after
tho first rate softened, and nOtwithstand-
ing the slight improvement in gold, closed
v " per cent lower on commercial bill&
The sales Of sterling embraced 5000,
Of which EAOO0 and flO,O0O bill Of lading
at Il9; = bill Of lading and clear at
l190ll9h; f2 100 bills Of lading and clear
at 9b01l9A; $1,000 at n90ll9A;
E3OO0 bill Of lading, and f40OO, f5OOO and
E5OOO Az clear at 1874; E2000 first class at
4lglt, ana $1,000 private bankers at 1894.
IN frames, SOC, 900 commercial sold at Attn,
and 6o,000 at AIS. Sterling may now be
quoted at ll9 "a 1874 for good to AL bill of
lading and clear, and 300 for bank.
The market was better supplied with do
mestic exchange, and rates ruled lower.
The banks supplied the remittance demand
for sight drafts on New York II 1s0A v
cent discount, and the business included
SIS, 900, $4,000. $4,000 and $4,000 bank
sight on New York, $4,000 bank and COM
mercial, $4,000, $4,000, $4,000, $50, 900
and $4,000 private bankers. and $1,000
and SIS, 900 commercial at p discount;
$4,000, $1,000 $4,000, $1,000 and $5O' O0O
commercial sight and $4,000 one day sight
at ". Some Of the banks draw gold checks
ON New York at V p cent discount.
Late last evening, 100, 100 and 500 shares
SlaughterhOuse stock. changed hands at
SO g, and to-day 100 at ~ net, and 100 at
$23 Is, and 100 Barbarin Gas Light Com
pany at $ll0.
Nothing reported in bonds.
$500 Fiscal Agency certificates July l6),
with interest, sold at 81, q small amount Of
new email State warrants at ~, and $4,000
blue Metropolitan POLICE at 81. Yesterday,
not reported, 5000 Of the latter sold, in
several lots, at 50. Dealers bought new
State at 7074, and new Metropolitan
Police at 81 097h, and asked for the former
1905. and for the latter $50.
A lot of $1,000 city treasury notes changed
hands at, 23& y cent discount and $500
yesterday at 23A. Dealers rates for small
sums were $685. Y cent discount buying
and 230M selling. We quote: