New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-15
Monetary--Commercial.
. MONETARY.
OFFICE OF THE DAILY REPUBLICAN,.

OFFICE OF THE DAILY REPUBLICAN,
WKnSEsDAY EVENING. December H. 1870.
Tho money market is hardly as stringent
though we are unable to report any decided
change for the better. Here and there Oc-
casiOnal transactions are made below our
quotations, but though there is more money
in the hands of investors, it is generally held
at full rates. For instance: We understand
that there are considerable amounts seek
ing investment in first class mortgage paper
at 10 Y cent Y annum, for which 3 has
been offered and refused. The general run
of business papered offered ON the street, is
below frst-class, though we hear of Occa-
sional negotiations Of that description at
14s, Ia and y cent y month. At bank
the demand for discounts is not so strong,
but it is still sufficient to take up all their
available means. We still quote as street
rates lalA 2 cent v month for AL notes
secured by unquestionable cOllaterals, sand
liz az Y cent y month for AL business
paper without csllaterals. Mortgage notes
rule at 10 III v cent y annuIa for AL and
12@14 for second grade.
The election of the Southern Bank to-day
resulted in the unanimous reelection OF
all the old board, viz: Thomas Layton, w.
C. C. Claiborne, John T. Moore, w. L.
Hepp, Christian Roselius and G. w. By1ne.
Gold opened at ll0h all0A against
llOa4 against 1l1hsl. The sales included
$1,000, $4,000 and $4,000 ut 1l0A; S25OO
and $4,000 at HOS; $4,000, $4,000, $4,000, SlO,-
900 and $4,000 at 110la; $4,000 at HOS a
llOss; $4,000 and $4,000 at llOAs; $4,000
and $4,000 at ll034, and $4,000 at llO@. In
silver, $500 in American halves sold at
1882.
Foreign exchange varied in agreement
with the course Of gold at New York, the
market closing at an advance OF y T. cent.
The sales of sterling. embraced nearly
flIO.OOO. of which $500 and $4,000 bill Of
lading, and f9OO ships bill at 1854; e
at 1855 a 1879; Els 900 AL clear at llSai
llSzs; f35OO bill of lading and $4,000 AL
clear at 1888; 100000 100000 bill Of
lading and clear, and EDO, 900 clear at 1854
q ZIG; $4,000 AL clear at lis; $4,000 AL clear
and $4,000 AL bill Of lading at 1873; tSOoo
Al bill of lading at 1913 a ll9A; t2O, 900 AL
bill Of lading and clear at ll90 ll9ls and
f500 bank at lsOA. In francs 5O,ooo Al
commercial sold at 4.75, and l9oooG at 4;n ;o,,
Sterling may now be quoted at lis @ll9'!
for good to Al bill of lading and clear, and
1904 a 1903 for bank.
The offerings of domestic exchange were
Only moderate. and rates for commercial
bills were shade sitter. The banks drew
on New York at s. per cent discount and
the sales included $4,000 bank sight on
New York Zone bank to another) ut ss dis
count 100000 bank and private bankers
at7-l6 $4,000, $4,000 and $4,000 CONNER
cial and So, 900 private bankers at y; $lS,-
200 and $35, 700 commercial at GIG; $4,000
sight on, Baltimore at the same, and $4,000
on Providence at y.
$4,000 bank gold checks on New York
changed hands at % per cent discount.
In stocks 500 and 500 shares Slaughter
house sold at $2i, 200 do deliverable on
Saturday, at the same, 100 do ion the spot
at ga O6i4, Barbarin Gas Light Company
at SlS5, 100 Union Bank at $$2 2, ian adj
vance,. and 50 Sugar Shed at $24 so.
The sales of bonds included 5000 new
city seven per cents at 69s4 070, and $500
at 20.
Twelve hundred dollars 500 and $500
and $llOO new State warrants were reported
at 71h, and $1,000 new Metropolitan Police
at SO, and smaller amount at 9Sla. Deal
ers rates for the former were 10 a72 buying,
and II is 073 selling.
We heard of nothing doing in city treas
ury notes. Dealers rates for small sums
were "a % y cent discount buying, and q
selling.