New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-08
Monetary-- Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
THuRsDAY EVENING, july 7, 1870

OFFICE OF THE DAILY REPUBLICAN,
THURSDAY EVENING, July Z, 1870.
We have still to report good demand
| for accommodations, but no marked change
in the rates for Al and first class paper. The
offerings Of second grade are more plentiful,
| and as larger amount is absorbed in better
descriptions, borrowers on anything but
approved paper are forced to pay higher.
| Mortgage paper is in request, and excep-
| tiOnal negotiations are made at extreme
rates on AL, predicated on property situated
| in the business portion of the city. At the
| banks the offerings of factors paper given
| for plantation supplies are steadily increas-
| ing, and we hear Of some good paper of this
| description offering ON the streets at less
| favorable rates than the regular quotations.
We quote 1001 IL per cent per annu1n for AL
notes, secured by unquestionable collarerals
and IL a IL for first class business paper
without collaterals, and 61ls per cent per
month for second grade, and Sla a 10 per
| cent per annum for AL mortgage paper, and
II a Ii for second class.
The New Orleans City Railroad has de-
clared its usual quarterly dividend of four
dollars per share, payable on the twenty
fifth instant
Gold opened at about lllas 11las
against 112is at New York; and closed,
after limited business, at llO7s 1ls
against lllas). The sales included $4,000,
$4,000 and $4,000 at lllSs, and $4,000
at l121s. $4,000 sold in New York this
morning, for account Of parties here at
1l2ls. There was no apparent movement
in silver It may be quoted nominal at
1914 a 1854 for American half dollars, and
3a-per cent premium in gold for Mexican
dollars.
There was very little done in foreign ex-
change, the sales of which were confined
to about fl5,0OO, including kfl5OS bill of
of lading at l2lA; 10000 al clear at l2la4,
and 5000 at 1919. a 10. The only trans
action reported in francs is $4,000 CONNER
cial at 4.6Ss4. Sterling may now be quoted |
at 1908. a l2l I. for good to AL bill of iading !
and clear, and a 112 for bank, and francs |
at 4.73a. 4.721s for the former, and a |
4.67 Il for the latter
Domestic exchange was rather frmer. |
The banks checked on New York at par, |
but some of them refused to draw round |
amounts at that rate, and the sales included |
$4,000 bank sight on New York at 1-l6 + |
mercial at q discount: $4,000 and $4,000
bank at 3-l6 $4,000 commercial at " and |
$25. 900 sight on Boston at the same.
In stocks 100 and 100 shares Crescent |
City Slaughterhouse were reported at Sl9;
$50 do at $40 50; 100 and 100 do at $50, and
so and 100 do at S2l. Ship Island was
offered at one time during the day at Soc,
but we heard Of no sales.
Nothing reported in bonds.
Five hundred dollars Metropolitan Police
warrants sold at SO. Dealers bought State at
S3l2 a S4ls for new, and % for old, and Met
ropolitan Police at 96la d99, and sold the
former at IS S5la for new, and Sc for old.
and the latter at 80 a 99la.
We heard of no sales of city treasury
notes. except a few trifing sums to dealers,
who bought at 800 10 Y cent discount, and
offered to sell at 10.