New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-18
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MONETARY.

0rFJCB OF THB DAILY RBPUDA CAN. /.
SAzvRDAy gvHMSo. December n. teNs
The. money market continues to chow
signs of increasing ease. At the banks there
4 still q good demand for discounts, but
with an increase in their available funds
nearly all the approved paper offered IL 40
cepted. On the street capitalists, in most
cases, still hold out for the high rates which
have prevailed for some time past, but &C
commodations are extended more readily at
inside figuress With these remarks we quote:
10lA " cent y month for AL notes &C
companied by unexceptiOnable cOllaterals,
with occasional transactions at 10 y
cent v annum), -01t for good do, MO
Ia and for good to AL business paper
mortgage paper are lO0ll y cent p annum
for Al and II a IA for SECOND class.
Gold opened at l10t 0l10ssl against
llOss at New York; and after selling as
high as 1l07s, closed at 1lOas e1OA
against ll0A) The sales included $500
at l10!e; $1,000, $4,000, $1,000 and $4,000 at
llOss, $30, 900 at llOss a ll0A; $4,000. $4,000,
$4,000 and $4,000 at llO2, and $1,000 ut
l1O7s. In silver $500 $500 and $4,000 in
American half dollars changed hands at
100, and $500 at 1924.
A fair business was transacted in foreign
exchange, at figures showing very little
variation from the closing rates of yester-
day. The sales 0f sterling embraced 475,-
900, of which 5000 bill Of lading ut 1874 !;
e1500 and f2O00 at 1898; 10000 bill Of
lading and clear at ll9A 01l9k and 1895;
100000 at 1872 Pll9ss; f150O, $4,000 and
$4,000 bill of lading at 1874; f3000 AL clear
and $4,000 bill of lading at 1875, and fl2,-
600 first-class at 1893 a 100. Some 10000
AL commercial francs sold at 4.73a4. Ster-
ling may now be quoted at ll9A q 1874 and
1894 for good to Al bill of lading and clear,
and 100 1905 for bank.
Domestic exchange ruled very firm
during the better part Of the day,
but closed rather weaker, though
with hardly any quOtable decline.
The banks drew On New York at Il v cent
discount for small sums, one If them asking
par, and the sales included $1,000 CONNER
SO, 600 and $4,000 bank, and ST., 600, &c.
900, $4,000, $4,000 and 200 private
bankers at 3-l6 discount; $1,000 bank at 7-32;;
$4,000 commercial, $4,000 private bank
ers', and $4,000 commercial and private
bankers at S-1604; $4,000, $25,OOO and
$50, 900 commercial, and SIS, 900, $50, 900 and
SIC, 900 private bankers at Vi $4,000 and
So, 600 commercial at SIG, and $40, 900 sight
on Philadelphia, and $4,000 ON Baltimore,
at %.
Bank gold checks on New York are
quoted nominal at Is v cent discount.
Operations in stocks were limited, and the
only sales reported are IS shares Bank of
New Orleans at $40 IS; so do at SAL; IL
Louisiana State Bank at 500, and 10 New
Orleans Sanitary and Fertilizing Company
lat private salel at So SO.
$500 new city seven per cent bonds
changed hands at 69ls, and $500 United
States five-twenties of 1862 at 1924
The only sales OF warrants reported are
GYA00 uaxu Motro,,O1;ton pn1ioo Eiu To-
amounts) at SO. Dealers bought new State
at 7007l and sold at II az.
Dealers rates for city treasury notes were
Is v cent discount buying and 22023 sell
ing. A lot of 5000 sold yesterday at % dis
count.