New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-07
Monetary and Commercial
JgFIOK OF THE DAILY REPUBLICAN
ERrnAY EVENING Nav L iSrn

J cSEtOH tF THE DAILY REPUBLICAN,.
FRIDAY EVENING. May &, 1870.
We have no material change to note il
the money market proper. On the stree
AL notes secured By tirst-class collateral
and Al business paper are quoted at 1901.
% cent y annnm and the second grade a
1913 u cent p month, the outside figures
being tor long dated notes. Mortgage pauel
rules at 99lo u cent 3 annum for AL arc
tirst-cass, and 1l0l2 for second class.
Gold opened at ll42@ll4s against ll4s a.
New York;, and closed, after a mod
crate business, at 114S@1144 (sgainst ll4E) J.
The sales included $1,000 and $4,000 q,
1l4!: $4,000 at 1l4s@ll45; 5000 and
Sl2 600 at ll4S, and S20G0, $4,000 ana S70OC
AT l14&. We heard OF nothing done in sill.
yer beyond few trifirg reiail lots. 1t is
quoted nominally At i075Gl0S5 for American
half dollars, and % cent premium in gold
| for Mexican dollars.
A moderately fair business was transacted
in foreign exchange, and with an improve
ment in gold and bills at New York, the
market closed 90! % cant higher for ster-
ling. The sales Of sterling embraced
l2Ai@l24S; 10000 bill of Iading aud clear
at l243@l242 andl25; $500 commercial at
l243; $4,000 al clear AT l24g; $4,000 Al bill of
ladlng and clear at l244@I25; 5000 AL clear
| at 1851; $4,000 bank at 1853, and $4,000 and
| $4,000 ditto at 1853. In francs there were
sales OF 525, 1000 commercial, including %, 600
at $50; so 600 at 4 So; 100000 at 4 55@
453f, and 100000 ten days sight at 5l4.
Sterling may now be quoted at 1245M125 for
good to AL bill of ladiDg and clear, ard 1853
Wl254 for bank, and francs at 554G4 so
Tor the former, and 4.5l4@4.5O for the
latter.
Domestic exchange was easier. The banks
continued to draw on New York, in sums to
suit, at y cent premium. and the sales
n lr1dI &
sight on New York at ! premium; $4,000
and $4,000 at $40; $50. 600 commercial,
SIS, GOD bank and SIS, 600 and S25 600 private
bankers at 1; $4,000 and $50 coo CONNER
clal at SIG; $40 600 private bankers at 80,
and $1,000 sixty days sight 1T II discount.
The principal feature in the stock market
was the decline 10 Ship Island Canal, which
opened at about 81 80, aud after selling rs
low as 81 rs, reacted and closed at 81 40. |
There was also some movement |
in Mississippi Valley Levee. Mlssis-
sippi Valley Navigation and some
others, bat business, taken in the
aggregate, was small. Last night, after the
bosr5, 500 Ship Island sold at 81 %; 500 do
at 81 80, and 500 at ST 37!. To-day, 500
and 1000 same changed hands at ST %; 400,
800 and $50 do at 81 80; 100 and 1000 do at
81 IS; 100 Mississippi Valley Levee Com
pary at Sll rs; 100 do at Sl2; 200 do at
sl2 30; 80 Crescent City Slaugh,erhouse
at S3l Is; SO do at s31 so; 20 Mississippi
Valley Navigation Company at IS; 20 DO "a
resale) at IS %; &c do at the same;-Fac.
tors and Traders Insurance Company at
s5S 80; and | share Mississippi and Mexican
inlf ship Canal (par value $1000) at Sl25.
The ony sales OF bonds reported is $1,000
lily ten per cents Zone year, at 100: $1,000
lew State warrants sold at eSi ard a small
mount at SO. Dealers bought State al S75
gs83 for new, and 90992 fer old. ana
Police at 92@93, and sold the
ormer AZ 8S40S9 for new, and 93I94 for
Nd, and the latter at -M9l
Nothing reported in city treasury notes
some OF the dealers of. red to buy small
ums across their counters at 1S62O dis
cunt We quote: