New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-12
Monetary and Commercial
MON ETAR r.
OFFIOK OF THE DAILY REPUBLICAN,
SATURDAY EVENING. ,Iure II. ls7Q.

0FFIOK OF THE DAILY REPUBLICAN,
SATURDAY EVENING. June II, ls70.
The money market proper is without any
| material change. On the street AL notes
with unqueslionable collaterals and Al
business paper without colaterals are
quoted at l0@l2 % cent y annum. and Sec
ond grade at l@la u cent u month; AL
mortgage paper at 9@l0 % cent u annum
and second Glass at ll@l2.
Gold opened at ll34@ll34 against 1854
at New York;, and closed at l135@l13S
against ll3S). The sales include $4,000 at
1871; 100000 at l13S@1133; $4,000. $4,000
and 1000 at l13s; and 5000 at lis ZIG.
Nothing reported In silver.
The NOV ment in foreign exchange was
quite active and under slight decline in
gold, rates ruled a shade easier during the
better part of the day, but closed at about
yesterdays figures. The sales of sterling
reached 100000, viz: fl2 900 at 1233@l24;
$4,000 and f2Oe0 bill of lading at l234;
f25, 900 AL bill of lading at 1234Gl235;
and $4,000 and $4,000 at l24. and $40, coo
commercial at 1904 gold. In francs the re-
ported transactions 800, 600 commercial, in
Guiding 100 600 at 46l4; 10000 at
4 60, and $50, 600 at 460@4.57t. Sterling
may be quoted at 123a@l24 for good
to AL bill of lading and clear. and
-@l243 for bank; and francs 6l!04 60
for the former and 4.55@4.534 tor the
latter.
The offerings of domestic exchange were
more liberal, but rates were without any
quotable variation. The banks checked ON
New York at y cent premium, and the
sales included $40 900 and SIS 600 CONNER.
cial sight on New York at premium, $780,
600 commercial, $40, coo private bankers and
S25 600, $4,000 and 49, 900 bank at 80,
SIS, 000 and s25 600 private bankers and
SIS, 0C0 and u.s. 600 bank at SIG.
We noticed more activity IN stocks, but
the movement was principally confined to
the fancy list. Slaughterhouse opened at
about yesterdays closing rates. some hold
ers, however, asking S24 50@25, but after
twelve NJ, under the decision Of Judge
Bradley, it dropped to SCI. and after show
ing considerable irregularity finally closed
with sales at SIS. Ship Island Canal also
underwent considerable fluctuations, ad. |
vancing to &c and CSC, but closing weak at |
Soc; i'll fact, we heard of its being offered as
low as SOC. The sales included 500 shares !
Jackson Railroad at S. 373; Is ST. Charles /,
Street Railroad at $40; ~ do at ST. and l |
do at s72 so; 20 Canal Bank at SAT; 200. 500 |
and 600 Ship Island Canal at soc; 500, 700, |
1000 and 1000 do at soc; 500 do at 92c; 200 |
do at Csc; 80 Crescent City Saughterhouse |
do al $50 so; 800 DO at S2l: 100 Mississippi |
Valley Levee Company al IS %, and 100 do |
at IS Is.
In bonds, the only sale reported is $4,000 |
Railroad City bonds, November coupon,
changed hands at q.
Four thousand dollars new State war
rants sold at S73. Dealers bought State
1T S7@87i for new, and -@94for Old. and |
Metropolitan Police at 96G964 and sold the |
former at S8@S85 for new, and -@9j for
Did, and the latter at 963@97.
City treasury notes were quiet, but firm.
The dealers bought small sums at 22025 |
discount and cold at 20