New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-20
Monetary--Conmercial
MONETARY.
OFFICE OF THE DAILY RKPvBl Fan.
MONDAY EVENING, December 10. i6w. )


MONDAY EvxxIxa December 10. ibn. )
1.-The money market continues to show
Sims of increasing ease. At the banks there
ia still a good demand for discounts, but
with an increase in their available funds
nearly all the approved paper offered Ia ac-
cepted. On the street capitalists, in most
cases, still hold out for the high rates which
have prevailed for some time past, but &C
cOmmOdati0ns are extended anOrc readily at
inside figures. With these remarks We quote:
l0lA y cent y month for AL notes &C.
companicd by unexceptionable cOllaterals,
with occasional transactions at 10 y
cent 4, annum). -0lk for good do, lA q
ia and for good to AL business paper
without cOAaterals. The ruling rates for
mortgage paper are I00ll y cent y annulO
for Al and l20 Ia for second class.
The election for directors Of the City
Railroad Company resulted in all tho old
board being reelected, viz: +. Wintz, X.
Geddes Samuel Smith. H. Galay, j. p. Cou-
lon, James jackson. X. NJ. O'Brien, j. Bis
eoe, j. &. Rogers. G. II. SlocUnb, J. Avet
and p. Simms.
The result of the election Of the Missis-
sippi Valley Navigation Company was as
follows: Directors of New Orieans-H. G.
Millaudon, E. Newman. }: &: Denis: Jonas
b. Bloomfield, William BOgel, John A.
Grow, T. jeff. Hall and c. X. Benton; Of
Cincinnati-J. il. Baldwin and James Mack;
of Madison, Indiana-JOhn Cobb.
The directors chosen ut the election of
the Peoples Bank were: Il. N. Davis,
Joseph David. q. w. Dunbar. Il. England,
4. SocOla, NJ. Berwin, 4. Jaufroid. j. X.
Gourdain and n. A. Llambias.
Gold opened Mt llOss 0llO2 against
l1os4 at New York and closed at li0ls q
lIOas against 1lOss). The sales included
5000, $1,000 and $4,000 at ll0ss: $4,000
at lI0ss 1903, and $1,000, $4,000, and $4,000
at 1lO34. Nothing reported in silver
Foreign exchange ruled easier under the
decline III gold and domestic bills, and the
market closed at about Ii y cent lower for
commercial bills. The business was quite
fair, the sales of sterling summing up nearly
fS5,OO0. of which 5000 bill of lading at
1875; $4,000 AL bill Of lading and clear at
1898 0ll9's; 100000 at 1898 0ll9la, $4,000
Al hill of lading and f7OOO AL clear 1898;
$4,000 and 5000 AL bill of lading at ll9Le,
fl0.eOO, at 1912 a 1895; 10000 Al bill of lad
ing and clear at 1898; $4,000 first-class and
elO,0O0 private bankers, ut 1898; bank
at 1904 and $500 flor remittance) at l20l2.
Sterling may now he quoted Mt 1913 a ll9as
for good to al bill of lading and clear. and
l20 1904 for bank.
Domestic exchange ruled heavy through
out the day, the closing rates showing a
decline of Lie T. cent The banks drew on
New York. in sums to suit RENTERS, at II
T. cent discount, one of them asking par, and
the sales included $4,000 commercial sight
on New York, $20,OOO, $4,000, $4,000 and
$4,000 bank, and $65, OCO private bankers
at 4 discount; $4,000, $4,000 and $4,000
bank, and $4,000 private bankers at 9-}22;;
$2O,O0O commercial and 100000 private
bankers at SIG; 5000 commercial at y q
4-l6; $4,000 at Is. and $1,000, 5000 and
$5000 sight on Boston, anu 5000 sight on
Providence at %.
The feature in stocks was the movement
in SlaughterhOusc, which sold up to $25, an
advance of 81 T. share over the sales re-
ported on Saturday. The transactions in
cluded 40 shares Germania Insurance Com
pany at S72 50, 10 Calcasicu Sulphur Mine
(preterrcd, at $23 50, and 100, 100, 500 and
200 Crescent City SlaughterhOuse at S25.
In bonds $4,000 new city sevens sold at
69lR, and $1,000 and $1,000 at 69a4.
Seven hundred dollars and $3.50 new
State warrants changed hands at II, $1,000
do at y, $500 do (large) at 721s, and 5000
do lsElall) at 72's. Dealers bought them at
II 07Il2, and sold ut 72a73.
Dealers rates for city treasury notes
we're D " T. cent discount buying and
- a % selling