New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-22
Monetary and Commercial.
NON TAkY.

OFFICE Of THE DAILY RgPUBLICLEs /
- MONDAY EvEEING. March u. 1870 Z
The money market continues to work
easy The offerings at the banks are fair,
but not in excess Of their available capital,
and discounts are readily obtained on all
approved paper. There has been rather
more speculative feeling evinced IN State
and city securities within the past few days,
bat the movement in them has not been
sufficient to cause any sensible increase IN
the demand for money on the street, and
hence the offerings outside continue on the
same limited scale noticed in our reports for
some time past. The ruling rates are 100
1879 cent u aDnum for Al notes secured by
unduestionable collaterals, and l40l3 y
cent S9 month for second class. Business
paper without collaterals could be placed at
AL and -@l4 for good and second grade,
and mortgag notes 10@ll t. cent u anuum
for AL on productive property situated IN
the business part of the city, and IL for
second grade. Exceptional transactions in
the latter, however, have been made at 10.
Gold opened at l12@ll2}, but on the re.
ceipt of the 1890 A. M. dispatch from New
York, quoting 1l23, stood at ll24
@ll21, and closed, after very
light movement. at ll2t@dl24, against 1l23
at New York; The sales inc uded Sl700 at
liz; $500 and $4,000 at ll2t; $1,000 aud $4,000
at liza: Sl5 600 at 1l24@ll2S; $4,000 at ll2s,
and $500, $500 and SIS 600 at 1923. Moth
ing reported in silver. American half dol
lars are quoted at llO@ll1, and Mexican
dollars 240- % cent premium in gold.
Operations in foreign exchange were again
ON q limited scale, rates varying ID accord
sRnce with the course OF gold, and sterling
bills at New York, and the Improvement IN
domestic sight, and closing at 4(G3 y cent
above Saturday evenings quotations. me
sales OF sterling EN- oraced ST 600, Of which
-, ~, l1sl l2Hlnp
and $4,000 clear at 1903; $1,000 and $1,000 Al
clear at121; $4,000 Al Dill Of lading at III !;
fIOO0 All clear at the same;' so, COO bank at
-. nd fl50O at 1913. In fran - the, sales
summed up 400, 600 commercial. including
! Is goo, 100, coo and $50 900 at 634, and 49,
O00at 671. Late Saturday evening, after
business hours, $4,000 Al Gear sterling
changed hands at III, and 1900 Al c MINER
cial francs a 40. Ste'l n may now be quo.
ted at l20l@l2l for geo to AL bill OF ladlng
and clear, and -0l2la for bank; and francs
70046s3 for the former, and 664O- Tor
the latter.
Domestic exchange was comparatively
scarce. and rates showed a further advance
of % cent. The banks eli checked on
New York at ! u cent premium at the close,
and the Gales included $50 600 commercial,
$50 GOO private bankers, and 500, 600 bank
sight on New York at Lie u cent premium;
S25 600 private bankers at 80; SIS, GOO ard
$50, at /; and $1,000, $4,000, and $4,000
commercial AZ par.
The business IN stocks included 500 shares
Ship Island Capal at 81 S., and 500 "a re-
sale at 81 80, and 157 Csnal Bank at S44 70.
No sales of bonds were reported.
The only sale of warrants reported Is
$1,000 State warrants at SO. Dealers bought
Metropolitan police In small sums at IS, and
supplied taxpayers at S93@9O.
Nothing TRANSFERRED in city treasury notes:
The last sales of any moment were at l25 T.
cent discount. Dealers rates for small
sums we're 1904 3 cent discount buying,
and 10@ll selling.