New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-30
Monetary and Commercial.
ETAH II,
OFFICE OF THE DAILY RgTCBLTCA!
Tuesday EyESINa March 20. 1870.

OFFICE OF THE DAILY REPUBLICAN,
Tuesday EVENING, March %, 1870.
The money market proper is unchanged.
On the street Al notes with unquestionable
colateras are quoted at l0Ol2 y cent Il
annum, and second grade III l30lla F3 cent
7S month; AL business paper without cola
Ierals at 1@l4 b cent u month, and second
class at --D2; Al NOR gage paper 1T 1O0l2
Is cent % annum, and second class at l2@-.
Gold opened at 1llg@l12g. against ILL at
New York, and closed at l1l$@lll!, against
ll1l at New York. The sales included $4,000
$4,000 and $4,000 st llls; $4,000, 5000,
10000. $40 600 and $4,000 at lll4; $25 600
st lll4@l11S; $4,000 $40 600 and $4,000 at
llly; $4,000 and 5000 at l12, and $500 at
1921 Nothing reported in silver. 1t is
quoted nominal at 10 for American half
dollars, and q u cent premium in gold for
Mexican dollars.
Foreign exchange showed only a mode
rate degree of animation, but with an ad-
vance in gold and sight exchange On New
of 10 cent. The sales Of sterling embraced
Asout 100000, including - clear
1t 1901, $4,000 bill Of lading and
-, clear at 1903; f65OO Al bill
aiding at 120i@120a; f2t0O and $4,000
Al clear at 1870; f250O and $4,000 at 1907;
$4,000 bill of lading at 1909; $4,000 bank at
1907; 1000 AL clear at 12l ana $4,000 bank at
1913. In francs there were sales of 365, 600
AL commercial, of which IS 600 at - and
40 GOO. $4,000, 90,0 600 and 100000 at 4.7l!.
Sterling may be quoted at 1204@l204 for
good to Al bill Of isoing and clear, and 1919
Ql2la for bank, and frsnrs 4.7l4@4 20 for
the former and -@467b for the latter.
The offerings OF domestic exchange were
Hight, and rates ruled sitter. The banks
drew on New York at 4@s y cent premium,
but mostly at the latter and the sales in.
cluded $4,000 and $3.50 conmercial sight
on New York, 1875, 600 and $50, coo bank
and $4,000 private bankers at j q cent
premium, and 1000 bank at 9-32
In stocks We noticed sales of 800 and 500
shares Ship Island Canal at 81 81; 600 at
81 SO, and 500 at 81 80; % Mississippi Valley
Levee at So Is, and 80 at ST. and 100 at ST %;
4Pnematic and Propelling Co npany al $50;
at sos, and ] at Sf00; Is City Railroad at
&167 SO, and so Louisiana State Bsrk at
SIT 25, and by auction, 80 shares Bank OF
New Orleans at $40 rs; I'share Metalrie AZ
sociation, $4,000 paid, at S2500, and 100 Me-
chanics' and Agricultural Fair Association
At S13 80. Yesterday, not previously re.
ported, 40 shares Bank of New Orleans sold
at $40 and resold at $40 25, and on Thurs.
day share Barbarin Gasignt Company a.
500, which was subsequently resold at $3.50
We heard of no transactions in bonds eE.
cepting Boston Club $500 each) at s425.
We noticed more activity in warrants, the
sales including $4,000 State at "a; $1,000 at
943; $500 at 94b and $1,000 at %. and
So, 900 city registered bills at 9O3. There
were sales reported also of $4,000 city reg
istered bills at SO and $40, 600 State warrants
at 923 but as will be seen by comparison
with the other transactions noted. the for
, mer is an extreme outside price and thu
latter an inside rate. In fact, at the close
city registered bills were quoted at 9O@9l
while State warrants commanded 81 an0 80
Dealers bought Metropolitan Police war
rants at Ss@Ss3 and sold at SS2@89s.
Nothing reported in city treasury notes
Some of the, dealers were not offering bette
than % discount for the small lots Offered
across their counters, while others refused Il
buy.