New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-04
Monetary and Commercial.
OFFICE OF TUE DAILY REPUBLICAN

OFFICE OF THE DAILY REPUBLICAN. !
FRIDAY EVENING. June 8. te'0
There has been rather better demand
for accommodations within the past day OF
two, principally on the part OF holders OF
cotton; but it has in most instances been
met readily by the banks. and the market
Still continues to exhibit the same features
of ease noted as existing for some time past.
On the street AL paper secured by unques-
tionable cOlaterals, and AL business notes
without cOllaterals, are quoted at l0@12 per
cent per aunum, and second grade at 1@19
per cent per month. Al mortgage paper
rules at SOLO per cent per annum, and
second grade at l1@12.
Gold opened at 1l4i@1143 against 1I41 at
New York, where it subsequently declined
to 114s). and after a limited movement.
closed at the opening rates in both markets.
The safes included $4,000 at 1l4a@lI45,
$4,000 at 114s, and $1,000 at 1l42. In silver
1900 Mexican dollars changed thands at 9!
. cent premium in gold; it is quoted at 100
O. for American half dollars. and $685. q
cent premium in gold for Mexican dollars.
The offerings of foreign exchange were
light, and the business was confined within
very narrow limits. The transactions in
sterling embraced ETA 600. OF which $4,000
Al bill OF lading and $4,000 clear at 1854,
$500 Al bill Ct lading at 1853. $1,000 and s100O
Al clear at 1853. 9ls00 bank at 1864. and
$4,000 bank at l255. We heard of no sales
OF francs. Sterling may be quoted at
125@125{ for good to Al bill Of lading and
clear and -0l26 for bank; and francs
--@45l4 tor the former and -@4.47} for
the latter.
Domestic exchange was dull and un-
changed. The bank rate for sight drafts on
New York IL sums to suit, was still ~ cent
premium, and the sales included $1,000 and
$40, 600, commercial sight on New York at
premium; s2l, 900 at !; S23 600 and $50 Oo0
private BANKERS, and $50, 600 and S75, 900
bank at 9-32; $40 600 privateIbankers (remit.
tance) at sic; $500 sight on Boston ut
premium, and $500 thirty days sight on
st. Louis at discount.
The principal features in the stock mar.
ket was the decline in Crescent CITY
which. ct one time, was
reported as low as S23, but subsequently
stltfened, and closed with recovery of a
portion OF the previous falling off. but still
unsettled. Ship Island Canal stock also
was much weaker, sellers Offering it at SOC
y share without finding buyers. The fuc-
tuatlons in Slaughterhouse were attributed
to the decision of Judge Bradley in relation !
to the writs of error. The sales included |
- shares Germania National Bank at Sl25: |
= Factors and Traders Insurance COMPANY |
1t sol, ex-dividend: 100 Crescent City |
at SIS; A do at the same: |
400 and 400 do at =; 200 do Sellers option |
twenty days. at S27 so; so Mississippi VAL |
icy Levee Company at $40 %: $50 Ship
Island Canal Company at Csc; 30O 500 and |
500 do at 81, and 100 Louisiana State Bank
1t SIG. We heard also cfsales of Slaughter.
house at S23 and s24. At the close it was
,fered at s24 IS and SOS.
In warrants $1,000 and $1,000 Metropolitan
'olice sold st 922, and $4,000 and SIS coo at
q; Dealers bought State warrants at $50
s. for new and 935 094 for old, and Metro.
oIitan Police at 942@954, and sold the
ormer at S9Gs95 for new and 94lG95 for
Id, and the latter at 96@96t.
Nothing traDspired in city treasury notes.
'ealers' rates for small sums were % per
ent discount buying and 20 selling. We
note.