New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-23
Monetary and Commercial
MON ETAR Y.
ogFInR OF THE DAILY REPuBLIoA1
WGNNESnAN EYUNIN0 Luna % lam

ogFIoR OF THE DAILY REPUBLICAN. 1
WEDNESDAY EVENING. June 70. 1870 J
The money market continues quiet and
easy. There is fair demand for accommo.
dations, but an ample supply Of capital to
meet it. AL DOtes, with prime cOllaterals,
can be placed on the street at 10@l2 % cent
u annum, and second grade at.l@l4 b cent
u month; Al mortgage paper is quoted at
9@l0 W cent u annum, and second grade
Gold opened at ll2s@ll2S against 1l2i
at New York;, and closed ut 1124@1124
| against ll2). The sales included $4,000
at ll24; $4,000 at 1929; S35, 900 at 112s@
l12a. and $4,000 (sl5, 900 and s15, OOO) At
l12s. The closing quotations above are
! predcated on the P. M. dispatch, but after
| business hours, under private advices re-
porting decline to 1l24, We heard of some
| sales on the street at liz, and even a frac-
ton less. There appeared to be nothing
doing in silver, which is quoted at 1OSt@lO9
for American half dollars, and go y cent
premium for Mexican dollars.
We noticed more activity in foreign ex-
change, at previous figures early in the day,
but lower subsequently, the closing Quota
tons showing ABOUT / per cent decline. The
market was unfavorably affected by the de.
cline in gold and sterling bills at New York
and advices of an unsettled feeling in francs.
The sales of sterling included EDS, 900, of
which 100000 bill of lading and clear at
l22s@l22s, f3500 and $4,000 Al bill Of lading
at 1929, $4,000 AL clear at 122a0l22z, E3DOO
aud $4,000 at 123 and $4,000 bank It. In
francs the transactions included about 500,
600 commercial, including so, 900 and l5O, 900
at -. $4,000, 80, 900 and 100, 900 at 465 and
$4,000 at 4.643. Sterling may now be quoted
at 1224@l224 for good to Al bill of fading
and clear. aud l23A@- for bank and francs
-@4.65 for the former and GA 60 for the
latter.
The offerings of domestic exchange were
again liberal and rates ruled lower. The
banks drew on New York at 40s per cent
premium for small sums, but az one time
during the day q round amount of bank |
sight was offered as low as l.16 and 1 pre-
MUM. The sales included $4,000 and S25, 900 |
commercial sight on New York at par, $40, 900 |
at 1-l6 per cent premium; $35,000 at 1-l6@ |
!, SIS. 900 commercial and $4,000 private |
bankers at j; $4,000 and S25, 900 bank at |
1872, 'and $4,000 at /.
There was more animation in stocks, but |
as usual, the transactions were mostly con-
fined to the fancy list. The sales included |
at $2l IS, 20 do at $22 Is, 100 do at |
S22 rs, 100 do at s22 874. 100 and 100 do at
$23; ESQ Ship Island Canal at Use; few
shares Mechanics and Traders Bank at
SAT so; $50 Jackson Railroad at Sc so, and
500 do at slight fraction above Sc 624. We
heard also OF sales OF 100 shares Crescent
City Slaughterhouse at S23 121, and 100 at
S23 rs. Yesterday, in addition to the sales
reported. SO shares Crescent City Slaughter
house changed hands at $40; 20. 30 and so
do at $50 SO. and 100 Jackson Railroad at
Sc 80.
In warrants $4,000 new State sold at 81.
and $1,000 old at SO, and yesterday mot re-
oorted) $500 and S12, $50 old at SO, and
S1500 new at 81. Dealers bought State at
Go e.. l
Police at 974@9Sc, and sold
he former at S7@875c for new and 95@
'6c for old, and the latter at 9S4@99c.
Nothing reported in city treasury notes.
Dealers rates for small sums are 22@25
liscount buying, and 20 selling.