New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-09
Monetary and Commercial
OFRLCE OF THE DhTLy REPUBLICAN,
FRIDAY EYENINE. Anil lS1l
MONETARY

| 0FELCE OF THE DhIJY RRPUbLICAE,l
FRIDAY Evening. April g. is7O. I
| The money market continues in the same
| condition IS noticed in our reports for some
| time past. The demand for discounts is
| only moderate, and with an ample supply of
capital available for the negotiation Of APP
| proved papar, most Of the offerings OF that
description are readily taken by the banks.
| On the street the transactions are confined
| to names which are not negotiable at bank,
| but even in these we hear of very little
doing. We still quote as street rates 10 II
cent z annum to z cent q month for
Al notes, secured by uDquestionable col
later8ls. l0l5 + cent II month fer second
grade; lGl! for al business paper without
| collatera!s, and -@l9 for second class;
l0@I II cent &! aDnum for Al mortgage
notes and II for second grade.
Gold opened ct IlIi@ll2 with no OPEN
ing dispatch from New York. but on receipt
of the 1890 telegram, quoting l12l, stood at
1l2@112l, and after light business, closed
ct l12@ll2s (against 1l24 at New York;
, The sales included S15 900 and SIS, 600 at
I,1l12; $500, $500, $4,000, S23 900 and $4,000
az ll2@1l2s. and SIP 600 at 1l2I. Nothing
TRANSFERRED in silver; it is quoted nominal at
10630l09 for American half dollars, and q
yer cent premium in geld for Mexican dol
lars.
There Yves rather more done in foreign
exchange. and with 81 Improvement in
gold and bills at New York rates advanced
s@4 y cent. The sales of sterling embraced
GAG 900, including $500 bill of lading at
1901; f15O0 clear at 121k; $4,000 at l21S;
els 900 AL bill Of lading and clear at 121S@
l2lb; $4,000 Al bill of lading at 1913, and
$4,000 and 10000 AL clear at 1911, and
$1,000 (cable transter) at l094. The sales Of
francs summed up $4,000 commercial, of
which 100, 600, at 4.68s; IS DO0 and at 4.679,
and rs, 600 and 100, 600 4.66l. Sterling .may
now be quoted at III lMI215 for good to Al
bill of lading and clear, and I22i@l22} for
bank; and francs 4,68lGf6 &c, for the former,
and 46jG4.634 for the latter.
Domestic exchange was without any
guotable variation. The banks continued
10 draw on New York at u cent premium,
and the sales included $4,000. $40, 600 and
SIS, 600 commercial sight on New York at
3 l6 premium, and $4,000. $4,000. SIS. Goo
and $50 600 commercial, and $50, 600 private
bankers at /.
The business in stocks included 80 shares
Mississippi Valley Navigation Company at
$40; SO do at $ll; 1000 Ship Island Canal
at 81 ST.; 500 and 1000 do at 81 so, and 500
sellers option Il week, at 81 so; 100 Crescent
City Slauphterhouse at s23 %; so do at S25,
and so at SIG. We heard also OF sales of 40
shares latter at $24 %. On Wednesday, not
reported, 100 Crescent City Railroad sold
at SO.
We L6ticed a more active movement in
warrants, the GALES of which included $4,000
Metropolitan Police at S2A; $4,000, $4,000
and So 600 (late yesterday at 90; $500 at
the same, $1,000 at 93l394, and $40, 600 State
(old issue) at SO.
One thousand dollars city treasury notes
changed Glands at II u cent discount
Dealers bought small sums at Is discount,