New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-20
Monet Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
WInxpsDAv EVENING, October ~, 1917.

OFFICE OF THE DAILY REPU
WBpSEeDAY EVENING. October 49, l0'V.
The liberal cotton sales within the past
few DAYS have somewhat increased the sup
DIV of available funds, and although the
market is no easier, vet there is less pressure
for discounts, and we hear Of exceptional
negotiations under our quotations. For IN
stance. frst-class business note was done
to-day at Va y cent = month. and broker
ape-eolliyalent to 1l2. The offerings at
the banks are still in excess of their avala-
BILE means. and outside capitalists. as a
rule. refuse any but strictly AL paper and
in most Eases demand collaterals. We
repeat ONT previous quotations, viz: | a | Y
a. cent !, month for AL notes secured by
tirstclass collaterals, and 2a21a and 3
for good tb Al business paper without col
laterals; and mortgage paper l001l y
cent y anhum for Al, and l. a ID for second
grade. ,,,.
Gold OPP ned at ll2@ll2A against ll2a4
at New NorkI, and closed at the opening
rates tag ,inst 1873. The business in
cluded $1,000 and 5000 at ll2: $1,000 at
ll2s: S50b0 and $4,000 at ll2A; $4,000 at
lI2l. 0llIas. and ); 600 and 5000 at ll2as.
The sales of silver included $500 in Amerl-
can halt:dollars at 1868, a smaller amount
at lo1k and $4,000 Mexican dollars at Ia
T. cent premium in gold. 1t Is quoted at
I07 Ul01 u for the former. and ia O.
cent prem ium in gold for the latter.
A very active business was done III foreign
exchanges, and at sitter rates. the market
ruling in agreement with the course OF gold.
The sales of sterling embraced 900, OF
which f:lj0o bill of lading at 1888; t3eo0
at ll97s: $1,000 10000 and t5OOo) clear at
l20A; i = at zoos to l2O34; 5000 clear at
I20t.; $4,000 at zoos 1905; tl3,oo0 bill OF
ladins and clear at zoos, l20s4 and III;
$4,000 e 900 clear and etO00 bill of iading)
J.)l. nt lad q clear
1908, I'D Il and l2ll f3500 private bank
ers' ut 12lIs, and 1000 bank ut l221i
Sterling may now be quoted at l20le az
for good to AL bill OF lading and clear,
and l22 u a I22As for bank.
understanding the liberal cotton sales
yesterday and today. the offerings OF domes-
tic exchange to-day were not large, and
rates suffered no material change. The
banks continued to draw Oh New York at
Il per cent discount. and the sales included
$4,000 and $4,000 private bankers sight
on New York at g discount, $4,000 New
York bank certificate of deposit and $4,000
SIS, 900 and sllO,oO0 private bankers sight
at 7-l6, and sl5, 00o $4,000 and s30, 900 COM
mercial ut y.
Yestel day mot reported) ten shares Bank
OF New Orleans sold at $50 %. and to-day
We heard of about 300 Navigation Company
on private terms.
We nDticed considerable activity in new
city sev en- per cent bonds, the sales OF
which Included $500, $4,000 and $4,000 at
72a4 $4,000 and $4,000 at 1875, aud $1,000
and ) l0ttG at 10.
4 small amount of fiscal agency certifi
Gates duly l6) were reported at 81 and
$l500 (Junc u at IS. and 5000 seven thrties
ut = H. Dealers bought the former at - a
SOLE according to date, and the latter at
- n Il a, and sold the former at oJl2 as i2,
and the latter at II ~ u 1S.
In warrants $4,000 new State changed
hands at 72ai, ard 5000 do small at -.
Dealers bought these at y q 70, and Metro
politan Police at 97le @, and sold the
former at - a 73l2 and the latter al 9Sl4
Q9Sl2.
Dealers rates for city treasury notes were
IS 620 discount buying and 10 selling.