New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-03
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN
ERipAr EVENING, December 2. 1870.

| OFFICE OF THE DAILY REPUBLICAN.
| FRiDAr EVENING. December 2. 1870
We have no material change to note il
the money market. The street rates arr
still 0lA. per cent per month for AL note:
secured by unquestiOnable cOllaterals; l !.
| for good do, and az for AL business
paper without collateraIs. Mortgage paper
rules at 90Il per cent per annum for Al
and first class, and II a Ia for good anG
second grade.
Gold opened at 1IOla 1903, against llOa,
at New York; and closed at ll0a4 Gill
at ITO SIG; $1,000, $4,000 and S25.OOO n,
llOl2; $1,000 and $ll 600 at HOS; $4,000 at
ll0l. 0llOa4; $k 900 at l1Oa4; $1,000 at llO7s
| and $4,000 at III. The bids for the 100000
treasury gold advertised to be sold at noon
to-day were confined to only one firm, and
being below the limit, were rejected.
In silver, 500 in American halves changed
hands at 1OSl2: 1000 Mexican dollars at l y
cent premium in gold. and 10000 do at las
During the week mot reportedD $4,000 OF
the latter have sold at a 0las y cent pre-
MUM. We quote the former at lO7i4 a
1884,. and the latter at rs y cent premium
in gold.
With an increase in the offerings, the
business in foreign exchange was very
active, and, under the Improvement in gold,
the rates for commercial bills advanced by
the close ~ y cent. The transactions in
sterling amounted to fl0s.O0O, of which -
bill of lading and clear at 1854 1885:
$4,000 bill Of lading at 1854. 10000 bill OF
bill Of lading at 1872 llSas, sI3G0G
clear at 1888 0llSas and 1888, flS00 Al
clear at 1883. 5000 Al bill of lading at the
same, f25,000 Al bill of lading and clear at
llSal al l9, tl4,0o0 first-class at 1915
ll9l., - bank at i20is, 5000 at -. and
f50GU at l0Sai gold. Sterling may now be
quoted AT llSl9 a 10 for good to Al bill of
ladiDg and clear, and ll97s @Ia9ls for
bank.
Domestic exchange continued steady.
The banks check on New York at u = cent
discount and the sales include $4,000 and
$4,000 commercial sight on New York,
$4,000 private bankers and S20, 200, $751; 900
and S50,ooo bank at IS discount; $4,000.
S25,000. So, 600 and $4,000 commercial at
ll-l6. and $4,000 and $4,000 at 81.
Bank gold checks on New York are
quoted nominal at 4 y cent discount
Thpprincipal feature in the stock market
was the rapid advance of Slaughterhouse, Il
portion of which was lost by the close, the
market ruling at one time as high as S25,
but finally closing at So q y so: The sales
included 100 and 800 shares at yI8, 100 do
at SlS 50, 30 and so do at $2I, 50 do at
SO, SO do at So 80, so do at S23, 10 and so
90 at S2i, 81 do at S25. We also noticed
sales OF 10. so, Cd and s. Calcasieu sulphur
Mine ut the reduced rate of 50. Several
days since. not reported, $50 shares Crescent
City Bank sold al $40 50 and yesterday $50
at $50.
The reported transactions in bonds We're
small, embracing only $1,000 new city seven
per cents with matured coupOn) at 1874,
and $4,000 city ten per GEMS lone year bonds)
at 90.
$500 Fiscal Agency certificates July lG)
sold at Sla4 and resold at S2l4, and $500
seven-thirties (August) at Sii4, and $500 do
(date not mentiOned) at 49,
A lot of $3.50 new State warrants We're re-
ported at 7ll2. and smaller amount at "a.
Dealers bought them at 20 a y, and sold at
7Il2 0.i.
Dealers rates for city treasury notes
were still % Q26 per cent discount buy wing,
and 20 - selling. We quote: