New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-26
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
TUESDAY EVENING, July Is. 1871.

MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
TUESDAY EVENING. July rs 1871.
There has been moderately fair inquiry
for accommodations at the banks within
the past few days, but not sufficient to
cause any change in the tone OF the mar
ket, the supply of available capital being
ample for the wants of all AL borrowers. On
the street moderate business at previous
quotations, which we repeat as follows:
per cent per annum for Al notes secured by
unquestiOnable collaterals; o0lO without
collaterals; 100 lS for good and for good do
and short Al business paper, second grade
business paper, and 1922 and Is for
long do. Mortgage paper is done at 60
per cent per annum for AL. and 10 q IL for
second class.
Gold opened at 1928 01l25s against 1874
at New York;, and after selling as low as
1913 and as high as ll2a4 closed at the
opening rates. The sales included $1,000
and $1,000 at 1928; $4,000, $4,000 and $1,000
at 1l24; $4,000 and $4,000 at 1928; $4,000
and $4,000 at lI219; $1,000, $4,000 and $1l 900
at 1925, and $4,000 at 1l25s a 1924. There
was nothing doing in silver 1t is quoted
at 10719 10S12 for American half dollars,
and 31A 044 y cent premium in gold for
Mexican dollars.
A fair business was transacted in foreign
exchange, and with an Improvement in
gold, rates advanced Is q u T. cent above
Yesterdays closing figures. The sales OF
sterling embraced Ell 900, of which fl500
hill of lading at 1928; flO0O and $4,000
clear at 1925: $4,000 and $4,000 at l23;
flSOO bill of lading at 1894; $1,000 Al clear
at 1885; el000 bank at =, and t50O bank
sight at I2434. We now quote sterling at
1924 a l23l4 for good to AL bill of lading
and clear and l24 a. for bank.
Domestic exchange continued steady.
The banks drew on New York for remit
lance at % y cent premium, and at, there ere were
sales of $4,000. $4,000, $1,000, $4,000 and
$4,000 New York commercial sight at "a;
$4,000 bank at $50, and $4,000 and $4,000
Boston sight at -.
A private bankers New York gold check
for $4,000 sold at "A y cent discount, and
$4,000 bank at par. Some of the banks
drew small amounts for remittance at the
latter rate.
Operations in stocks included AZ, so and
100 shares Crescent City SlaughterhOuse,
all on private terms; 90 Union National
Bank, with dividend. at sos So 5 Mlssis-
sippi and Mexican Gulf Ship Canal at S235;
do (resale) at $245; do at $255; so Me-
chanics and Traders Bank, ex dividend, at
$35, and 100 Louisiana State Lottery at 500,
a slight improvement. The excitement i'll
Louisiana Levee seems to have died out.
We heard of very little offering, and during
the day several parties bid $l3 and Sl3 80,
but we were unable to trace any actual
sales. We noticed some little inquiry for
new Pneumatic Propelling stock, for 100
shares of which 81 IS was offered and re-
fused.
No sales of bonds were reported.
The sales of State warrants included
$1,000 at 574; $500 at 5724, and moderate
amount, the particulars of which were
withheld. Few or none of the registered
warrants are on the market We quote un-
registered at IS a 81 for large and 60 a 65
for small.
City treasury notes continue nominal.