New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-05
Terms Of Subscription.
One year, IS; six months, 81 50.
,Monetary--Commercial.
MONETARY.
NUN Il L kh1G IL
OFFICE OF THE DAILY REPUBLICAN,
PRIpAY EvKHIxG, November 4, 1870.

OFFICE OF THE DAILY REPUBLICAN,,
FRIDAY EVENING, November T. 1870.
The money market continues in about the
same condition as noticed in our previous
report, and we still quote l0lA II cent +
month for Al notes secured by unquestion-
az for AL business paper without cOlat-
erals. Mortgage paper rules at 10a1l t.
cent v annum for AL, AID l20l5 for
second-class.
Gold opened at 1l0A a 1lOa against
11el4 ut New York; and closed at 1l0l4 a,
llOss against 1903, touching no during
the interim, The sales included $4,000 at
ITO, $1,000, $1,000, $4,000 and $4,000 at Hos,
$1O,600 and $4,000 at l1Ols ll0l4, $4,000,
$500 at llOas, and $500 and $4,000 at llCla.
The sales of silver included $500 i'll Ameri-
can half dollars at l07 Is, and $4,000 at 1919
0l0S. 1t is quoted at l06l2 l07le for
American half dollars. and l u a per cent
premium in gold for Mexican dollars.
To-day's business in foreign exchange was
the largest reported since the commence
ment OF the season, and under the fiuctua-
tons in gold, rates showed considerable
irregularity, the market closing, however,
at net define of about " per cent The
sales Of sterling embraced slIj. 200, of which
El500 and $500 bill of lading at ISL.
$4,000 bill of lading and clear at ISL a
1855, fI200 and E2O00 Al clear. and $1,000
bill of lading at 1884, $4,000 bill of lading
and slS,000 clear at llSl2 a ll9, $1,000 AL
clear and $4,000 bill of lading at 1888,
:fl500 bill of lading, and $500 and $4,000 Al
clear at II9, eli, 900 bill of lading and
slS.O0O AL bill of lading and clear at llsa4
0ll9, $4,000 AL clear and $4,000 bill of lading
at 1875, $500 bank at l2O44, and 10000 at
-. Sterling may now be quoted at llSsi a
119 for good to Al bill of lading and clear,
and 12OA a 1909 for bank.
Domestic exchange was steady and firm.
The banks drew on New York at Is = cent.
premium, and the sales included $1,000,
<lO,00O, $4,000, $4,000 and $45, 900 com
mercial sight on New York, $4,000 private
bankers, and $4,000 commercial and pri-
waite bankers at par, $500 private bankers
and $50, 600 bank at l-32 y cent. premium,
$4,000, $4,000, $4,000, $4,000, $25. 200 and
$4,000 private bankers at l-l6, $4,000 at
3-32, and $1,000 commercial at l-l6 discount.
The only sales of stocks reported are 10
shares Hibernia Bank at S7s, and 100 Bank
Of New Orleens (sOld yesterday at $39.
New city seven Ter cent bonds were in
request, and commanded higher rates.
There were sales of $4,000 at 74A d7419,
5000 at 743s, $500, $1,000, $l40O and $4,000
at 74ls, and $4,000 at 74a4.
$4,000 fiscal agency certificates august
30) sold at 87l2, early, but after it was
known that all the bonds appropriated for
funding them had been taken up, the mar
ket declined rapidly, and 500 (July l6)
were reported at 80. At the close some
authorities xnoted them at 70 a so.
We note sales of $500 and $500 new
Metropolitan Police warrants at 9S12, $500
blue at IS, and $1,000 large new State war
rants at 1884. Dealers bought the latter at
7212 1919, and sold at 1919 a74.
Dealers rates for city treasury notes
were 20 per cent discount buying, and Is
selling. We quote: