New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-20
M0netary--Commercial.
MONETARY.
OFrCE OF THE DAILY REPuBLiCAN,
S.runAy Evry,y,i. November Is, 1870.

OFF1CE OF THE DAILY REPUBLICAN,
SATURDAY EyExna, November Is. 1870
The money market worked closer to-day
than it has for week past, though at the
same time there has net been Il return to
the stringency which existed fortnight
since. At the banks tie demand for dis
counts was very good, and on the street we
notice a fair business doing Mt about orr
quotations, some negotiations being made
al E shade sitter. We, still quote l0lh y
cent = month for Al notes secured by I'M
questionable collaterals, ll24s- for good do,
and l IL az for Al business paper without
coll.terals. The ruling rates for mortgage
paper are still 90lI y cent y annum for
Al. and II ola for second grade.
We hear some complaint OF She growing
scarcity of currency. caused by remittances
to the Country, especially of small notes, for
several weeks past. There has been AS yet
little or no return, which can hardly be ex-
pccted until the latter part of December or
January.
Gold opened atll25s 1923 against 1929
at New York;, as,d closed at li2A q l12l2
against ll2l4j J. TIE sales included $4,000 and
SlO. 900 ut ll2ss, $4,000 at Il2h 1928,
$1,000 aud $4,000 at ll2ss, $1,000 and Sl0, 900
at 1928; and $4,000 at ll3Gll3ls.
Nothing reported in silver.
There was more animation in foreign eX-
change, but under the decline i'll gold gates
gave way by the close q per cent. The
sales of sterling embraced nearly tSO.SOO,
of which - bill of leading and clear at
l2Oas to l2l; e45OO bill Of lading at l2Ois II
1903; f2OO1 at 1904: e2G60 and f3Oo0 clear
at 1905; $4,000 at l2l; gl8O0 clear and
$4,000 Al bill of lading at l2l's; t43,0 oV
bill of lading and clear at III a III "A; t4Voo
bill of lading at Id and t20OO irst-class,
equal to private bankers, at l2lal. Ster-
ling NAV now be quoted at 1901 1903, for
good to al bill OF lading and clear. and l22
a for bank
We have again to report no quotable
change in domestic exchange. The banks
still drew on New York at 4 per cent dis.
count for small sums, and the sales included
$4,000 and $40 1000 bank sight on New York
at Sc discount: $4,000. $4,000, $50, 900 and
$50 900 private bankers: 600 bank. and
$4,000 private bankers and commercial at
1882: $1,000 private bankers at 7-l6c, and
$4,000, $4,000, and $4,000 commercial
at ".
Late last evening, after business hours.
100 shares Crescent City Straightforward
stock sold at Sl7 SO. 100. 100, 100 and 100 do
at $l9, 100 and $50 do at $40, and Is at S2l,
and to-day 45 do at SIS, and 80 at sl8 80,
and 30 Citizens Bank at $l44, 2 old Pneu-
matte Propelling Company at s35, , do at
$40, SO Navigation at s. 80, and 10 at
SIS 621a.
The sales of bonds included 5 $1,000 jackson
Railroad, first mortgage. at 30, SoOUO new
CITY seven per cents at .4s4. and $4,000 old
do 1874.
$3.50 fiscal agency certificates July l6.)
sold at 81.
We notice more doing in State warrants.
but ut easier rates for new, the sales in
GLIDING $500 new at 73la, smaller amount
at the same; $1,000 and $4,000 do at "A;
$500 and $4,000 do at 74A $1,000 do at
74la, and $500 old at 49, Dealers rates for
city treasury notes were % per cent dis
count buying. and 20 selling.