New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-04
Commercial.
MONETARY.
OFFICE OF THB DAILY REPUBLICAN,, I
THupSnAH RxuN1Ho KNYemhAr Z la1N

OFFICE OF THB DAILY REPUBLICAN,,
THURSDAY Rv1NN0. November ,. 1870
If anything, the money market has been
rather more stringent for the past day or
[ two, but with no quotable variation in the
| street rates. The applications for discounts
at the banks, though not as numerous as a
fortnight since, are still in excess Of their
| a. ailable means. Some first class business
| paper without cOllaterals was done to-day at
| y per cent per month, and about $4,000
| good at 2. SecOnd-class notes would not
command better than 3, at which small
amount was passed We quote l0lA per
| cent per month for AL notes secured by I'M
| questionable collaterals, l14 for good do,
| and I1s 02 for AL business paper without
| collaterals. Mortgage paper rules at 10 oil
| per cent per annum for Al, and l2Wl5 for
| second glade.
Gold opened at ll0sa oil against 1903
at New York;, and closed at HOS @ll0as
against lIO4l. The sales included $1,000
at llO1a, $4,000 at 1l03s, $4,000 at 1l0l2 a
llOa4, $1,000 and $780, 900 at llOa4, $500,
$1,000, $500, and $4,000 at ll07s, $1,000,
$1,000, $4,000 and $4,000 at Ill. In silver
$500 in American half dollars sold at 1914
A moderately fair business was reported
in foreign exchange at irregular and lower
rates, the market closing unsettled by the
course Of gold and bills at New York, and
showing a net decline of Il a. u = cent.
The sales of sterling embraced about f45, 900,
of which $4,000 bill of ladine and clear at
1l9 1875, - Al clear at ll9ks, t6500 bill
of lading and clear at 1913 1895, fl5OO
at 1895 1895, f22OO clear at 1895, $4,000
ut ll9a4 and $4,000 frst-class at ll9a, q 40.
Sterling is quoted nominal at 1854 a l19l,
and 1872 for good to Al bill of lading and
clear. and 120la a 1903 for bank.
Domestic exchange was quiet, but very
firm. The banks continued to draw on
New York at par Is v cent premium, and
the sales included 5000 and $4,000 COM
mercial sight on New York; $4,000 and
1000 private bankers, and $40, 900 bank !
at par; $50, 900 and 100000 private bankers !
and $50 900 bank at l-32 p cent premium, |
Commercial gold checks ON New York are |
quoted at par a IL discount.
The sales of stocks embraced 20 shares |
Union Insurance Company, sold at S65 so;
1873 jackson Railroad at -: 100 Slaughter |
house at SIG so; and 100 do at $l7 So $3.50 (
was offered and refused for Barbarin Gas
Light Company. and We heard Of sales at !
$l65. The sale Of Sugar Shed stock reported
Yesterday on private terms was at S24 50,
the paid value being S22 so, which includes
the last instament We heard of 200 Ship
Island Canal at 30c.
In bonds $4,000 city seven per cent new.
and small amount. sold at "a; $4,000 and
$4,000 at 74ls, and $3.50 and 5000 at 74ii.
$4,000 Fiscal Agency certificates (,niseel-
laneOus dates) changed hands at 81 y.
A lot Of $4,000 new State warrants were
repOr ted at Ass, and $Sl47 blue MetrOpol-
itan Police at 9Oia. Dealers bought the
former at 1919 q "A and sold at 74015.
Dealers rates for City Treasury notes
were 20 per centdiscount buying. and 10
selling.