New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-08
Monetary and Commercial
MONETARY.
OFFICE OF THE DAILY REPUbLICAE
THURSDAY EVENING. April I. 1870.

OFFICE OF THE DAILY REPUBLICAN,
THURSDAY EVENING. April Z. 1870.
The money market continues without any
auotable variation. On the street AL
notes, secured by unquestionable collater-
ais, are quoted at 10 ID cent 81 annum to
q cent % month, and second grade at
l3@la; AL business paper without col
laterals at l@l4 D cent Z month, and sec
ond class at Oh; Al IN ortgage notes LOG
IL q cent u annum. and second grade IL.
Gold opened at lll28ll2 against III at
New York; and closed, after very limited
business, at llIi@l1ls against Ill at New
York;. The sales included $1,000, $4,000 and
$500 at 1lls, and $1,000, $500 and $4,000
40 liz.
Operations in foreign exchange were very
light, and with an improvement in gold
early in the day, rates ruled sitter, but
under decline in the latter subsequently
the market eased off by ~ close to abont
embraced $4,000. Of which $500 bill of
lading at 1909; $4,000 clear at 1903; $1,000
bill Of ladDg and $1,000 and $1,000 Al clear
at 12l; $4,000 AL bill of lading and clear at
22l@12lf and fl500 private bankers and
sf6000 AL clear at 1919. In francs we
noticed sales Of 275,000, including 30 600
md 10000 AL commercial at 40; $4,000,
S. 600 and 100. 600 at 46S3, and %, 900 private
BANKERS at 4.67a. Sterling may now
be quoted at l2Os@121 for good to AL bill
,ot lading and clear, and 1913 @l2l2 for bank;
and francs 4.714@46S4 for the former, and
4.673@4.663 for the latter.
There was very little done in domestic ex.
change, but, with an increase in the offer
ings toward the close, the market was
rster weaker. The banks checked on New
York at { % cent premium, and the
sales included $4,000 commercial sight
on New York at ! premium; $40 900
at 3I6; SIG, 900, $40, 600; $4,000, $780,
900, $4,000 and $4,000 commercial,
and $4,000 bank at /. and s25, 600 pri-
yate bankers and $25 600 bank at 81.
With the exception of the Sugar Shed,
noted below, nothing was reported in
stocks, except sale at auction by MIR. g.
De Ferret, as follows: twenty-five shares
Crescent City Railroad stock at STA %; so
Union Bank at $50 so; so Canal and
Claiborne Street Railroad at S44 Is; 20 do at
S44 SO; 500 Ship Island Canal at 81 So; SO
Crescent City Slaughterhouse at $21 so; 100
Louisiana State Bank at SIT so; 10
lion at SIS; 236 Bank OF Louisiana at l23c;
100 Mississippi Valley Levee Company at
Se Is; 10 Odd Fellows Hall Association at
81 rs; 10 Jackson Railroad at S. %; 26 do
at SIS rs; Opera House Association $500;
% Louisiana State Lottery at S35; 10 Mer-
chants Bank at s65; 20 Crescent City Bank
at $27 %; 10 Mississippi Valley Navigation
company az oil; ~ Uernania insurance
Company at $84 80, and $4,000 Bank OF
Louisiana notes, per dollar, l5c. Since the
sale of Crescent City Railroad noted above,
at has been offered at S73. At private sale
ne hear of about 500 snares Sugar Shed
Company having changed hands yesterday
and to. day at $30@3l. A lot of $4,000 city
seven per cent bonds sold at 78.
We tote sales of $4,000 State warrants
and past due coupons at 953. Dealers
Of 4ydxiyi
4ropolitan police at s2.@93. and sold the
former at 93a@95s and the latter at 93@9A
City treasury notes we're in request, but
ne heard of no round sales. Dealers bought
small sumo at 1904 discount, and offered
ia sell at 12@l22.