New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-30
Monetary and Commercial
M0EETAk n
OgYICE OH THE DAILY RKPUBLiChE.
FRIDAY EVENING. April %, lsO. !

OFFICE os THE DAILY REpybLioAE.,
FRIDAY EVENING. April %, lsTu
The money market shows signs of still
greater ease; in fact, within the past few
DAYS borrowers have been enabled TO OBJ
tain accommodations on the streets at lower
rates than have ruled at any time previously
during the season. The offerings outside,
however, are small, nearly all the approved
paper being readily TAX en- by the banks. We
now quote 10 y cent 10 annum for Al notes,
with unQuestionable collaterals, and Al
business paper without collaterals, and q
cent S9 IN onth for second grade. This is
for notes of about the usual date. Long
paper is passed less readily. and can hardly
be done as well. mortgage paper is IN re-
quest, and command 9@10 u cent g annum
for AL, and 1l9l2 for second-class.
Gold opened at li5gll54 (against lIos al
New York;, and closed after moderate
movement at ll4l@1l4g against 1l4O. The
sales included $4,000 at ll45; $4,000 and
$4,000 at lis; $4,000 and $4,000 at lll5!;
S25. 600 at l15@ll5t, and $4,000 at ll54.
There appears to be nothing doing in silver
beyond a limited retail business. American
half dollars are quoted nominal at lOoC0lO9,
and Mexican dollars at SIG u ceut pre-
MUM in gold.
Foreign exchange was som ewhst un,
steadA under the variations in gold and
bills at New York. The decline IL the for
mer, however, was partly neutralized by an
advance of / % cent in the latter, and the
market closed at net reduction OF d
cent for commercial sterling, but with no
quotabe change in the rates tor bank. Inc
sales of sterling embraced e63 600, lnclud-
ing $4,000 bill of lading at l244; $4,000 at
l25: fl4 900 bill of lading and clear at l25(9
1851; ELS 600 Al clear at l258@125a; $4,000 at
1858: $4,000 bill of lading and clear at l2530
1851; E1lO0 private bankers and f2OOO bank
at 1854: flOOO and $4,000 AL clear at 1854,
and $4,000 bank at l26k@l26i. The business
in francs summed up $780, 900. OF which 100
600 bank at -; $4,000 commercial at 525;
IS 600 at Asia and 1000 commercial ana
So 600 bank at 4 so. Sterling may now be
quoted at 124a@l25 for good to Al bill of
lading and clear. and 1853 9l26 for bank.
and francs 4.53l@4 5l9 for the for mer and
4.5l4@4.50 for the latter.
Domestic exchange was rather weaker
though with hardly any quotable falling on
in rates. The banks still drew on New York
at ! per cent premium. and the sales IN
cuded $50, 600 and $40 600 commercial sight
on New York at per cent premium $40 goo,
S5O, 900 and SI20 900 commercial and S30OuO
and $50, 900 private bankers at 3d. S25, 600
and S32, 900 private bankers and $40, 600 bark
at 16 and SIS 900 sixty days sight Oh New
York at IL discount.
The movement in stocks was fair, but was
principally confined to Ship Island Canal,
Mississippi Valley Levee and Slaughter
house, the latter OF which sold at al ad.
vance of SOC above the highest figure paid
yesterday. The transactions INCLUDED 20
and 100 shares Mississippi Valley Levee
Company at $40 70; 80 do at SO s73; 100.
100, 100 (resale) and 800 do Gate last even
ing, after the close of the boar6,) at ST.;
$50 do at S11 %; 400 and 400 Crescent City
Slaughterhouse at S32; 100 and $50 do al
S32 Is; Is and 800 do at sS2 80; 100 do ST
S3S; 100 do Thirty days fiaD at the same:
1000 Ship Island Canal at 81 60; 10 Missis.
sippi Valley Navigation Company at So so:
100 Jackson Railroad buyer thirty daysl At
Sc rs, and IA New Orleans City Railroad al
$l67.
We heard of nothing doing in bonds. Fl.
w. Palfrey. auctioneer, sold by auction TO-
day Sl72 80 Sun Insurance scrip OF 1898,
1859, 1860 and 1861 at tic; Sl70 Merchants
of 1868 at S5c: S4l0 do of 1864 at SIC; $1,000
do of 1866 at 75c; $3.50 Louisiana OF 1852 at
zoe; $40 do of 1867 and 1869 az csc, ard SEQ
Louisiana State Of 1865 and 1866 at SOC. We
quote;