New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-10
Monetary and Commercial
MON ETAK ".

sIFHfOh or THE DAILY REPUBLICAN,
"WEDNESDAY EVENING. March .. lsD
The money market proper continues about
the same. The absence of any speculative
feeling has prevented anything but limited
movement on the street in the way of car
ryiDg securities, gold. ETC., while at the
banks the demand for accommodations has
been fair, the latter accepting all the AL
paper offered. We still quote as street rates
10 per cent % annum to % cent y month
for AL notes secured by unquestionable COL
laterals, and 14014 % cent % month for
second grade; l@I4 tor AL business paper
without collaterals. and -@1s for second
class; l0@l1 % cent y annum for AL mort
gage paper, and IL for second grade.
New York;, and after a very fair business.
closed at 1l05@llGl against ILL., at New
York;. The sales included S23, 600 aud $685.,
900 at Ito; $4,000 and $40. 000 ut ll0y; $780,
900 at llOl@ll0a; $1,000 and $4,000 at ll04;
$40, 900 at llOl; $4,000, $4,000, $40 600. $4,000
and $4,000 at ll0s; $4,000, $40 900 and
$25, 900 at ll05; s45U0, $40 600, So, 900 and
$4,000 at llO2, and $4,000 early (before the
opening telegram from Wall street) at ll14.
Nothing transpired in silver.
Foreign exchange continued unsettled, by
the adverse course of the New York gold
market, and the closing rates show fur
Their falling off of a@2 per cent. The de-
cline was greater during the early part OF
the day, but the market stiffened after noon
under slight reaction in gold. The move
1nent was again active. the sales of sterling
summing up fl06 900, including 10000 bill of
fading at l17A; $4,000 bill of lading aud
sI5,OOO clear at ll7s; $4,000 bill of ladiDg at
liza: 10000 AL bill of lading and $4,000 Al
clear at ll8: f2500 and $4,000 clear and $4,000
bill of lading at llS4; f37OOO AL bill
of lading and clear at IlS0lls3; f4OO0
A bill rs loI OF CfnD0
at llSs@llSs; fl000 Al clear at llSs; $500
private bankers at llS4@ll9; f20OO bank at
i20, and f1700 at 1888 gold. La francs there
were ga es of 600 600, of which 1000
commercial at ASIA; 100000 and 100000 at
A.SO; 500. 600 at 4SO@4.77s, and $50 900 at
4.76l Sterling may now be quoted at llo0
llss for good to AL bill OF ladlng and clear,
and 1la5@l20 for bank; and francs 4.S00
Alta for the former and -@4 723 for the
latter. Our quotations are based upon the
3P. NJ. Q1li) gold dispatch from New ork.
Later advices up to 4 2. NJ. were received
after business hours quoting ll0s.
Operations in domestic exchange were OF
moderately fair extent and with more
offering; rates for commercial bills were
rathereasier. The banks continued to draw
on New York at par, and the sales included
SOS. OOo commercial sight on New York,
$4,000 and 100000 private bankers, at
! per cent discount; SIS 900 commercial
at /, s-l6 and j; So, 900 $4,000 and s1Oo 900
private bankers at 3-l6; and $4,000 sixty
days. sight on New York at 2. and $40, 600
and $25, 900 gold checks on New York at 4
discount.
The business in stocks Included 200 and
1900 Ship Island Canal at 81 Is, s Mississippi
Valley Navigation Company at SIS 80. l6
st. Charles Street Railroad at $63 3d. and
Pneumatic Propeliing Company at sl35. In
bonds 10000 United States 5-20s of 62 sold
at -. We note sale of $1,000 State war
rants fhundreds) at rs. Dealers bought
State st 70@75, and Metropolitan Police at
S4@S5, and sold the former at 713G7S, and
the latter at S6067.
City treasury notes were without any ap.
parent movement. Dealers rates for small
sums were still so y cent discount buying
and 27s selling.