New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-31

MONETARY.


The money market wss still in an TN
settled condition to-day, with continue,
scarcity of currency, but the number o
| applications for discounts at bank wa
! smaller, borrowers in many instances think
ing it useless to offer their paper under ex
listing circumstances. A few loans wer,
| effected on the street at l Y Y cent y montl
on Al cOllaterals, and p cent on banl
| stock, but the movement outside wa!
"blOcked," and the negotiations were not O
sufficient extent to afford any basis for quo
| tatiOns.
Toward the close of the day there was
rather a better feeling. occasioned by
rumors of large receipts of currency, but
| on inquiry we learned from the officers OF
the Southern Express Company that they
| had brought by tO-day's train only 500, OOt
| from New York. 1t is stated, however
! that larger amount was received through
| the POstOffice. Last evening the bank OF
Lafayette declared a dividend Of = cent
from the net earnings of the past six
months, and Today the Louisiana National
Bank y cent, payable here on and after
January 2, and in New York on and after
the TENTH the New Orleans National Bank
after January 5; the Bank Of America II y
cent, payable on and after January TO- the
State National Bank 5 y cent, and the
Crescent City Bank 5 y cent, payable Jan
uary 10. We omitted to mention in our
yesterdays report the dividend Of the
Hibernia Bank (semi-annual) 6 T. cent. and
that of the Carrollton Railroad S. p share.
Gold opened at 1885 l09ls against 100 Is
at New York;, and closed at 1OSa4 q 1903
against lo9lsj. The sales included $1,000
and $4,000 at IOsa.; $4,000. $1,000 and $1,000
at 1885; $1,000. $4,000, $1,000 and $4,000
at lO9 and $1,000, $1,000 and Sc, 900 at lO9ls.
In silver $500 in American half dollars
changed hands at lOS1e. We quote these at
1OS a 1872, and Mexican dollars at Ia, a pa
y cent premium in gold.
A fair business was done in foreign ex-
change, at sitter rates in agreement with
the course Of gold, the closing rates show
ing a net advance of Il T. cent in CONNER
cial bills. The sales Of sterling embraced
about 100000, Of which f25OO and flS,OOO
bill of lading at 1863: $4,000 bill of iadinr
and $4,000 clear at 1863; $4,000 bill of lad
ing and clear ll67s a III: $4,000 AL clear and
$4,000 AL bill of lading at III; 100000 clear
at liz a III Is; 10000 bill of lading at ll74,
and $1,000 bank at 1854 gold.
The reported sales of francs amounted to
400, 900 commercial, including 10000 bill of
lading at 4.96l4, $4,000 clear at i.95, and
300. 900 on Switzerland at 4.SSa,
We now quote sterling at llGa4 ll7A
for good to Al bill of ladng and clear and
llSa lisa for bank.
Domestic exchange showed considerable
irregularity, the market opening heavy.
with sales of bank and private bankers
sight on New York at | ls 0ll, T. cent dis |
count. but rallying toward the close under
receipts of currency from the North, and
selling as high as y discount. The market
may now be quoted irregular at y q q dis |
count for round amounts. The banks drew
on New York at IS - 2 cent discount for |
and the sales included $50, 900 |
private bankers New York sight at y dis |!
count; 100000 bank and private bankers /
siO,oo0 bank at Is: $4,000 commercial,
slS,OUO and $4,000 private bankers and
sS5, ooo bank at l: $4,000 private bankers
1t ais; $4,000 commercial, $50. 900.
1000, $4,000 and $4,000 private bank
ers' and $4,000 bank at l Is, and - bank
1t Ia.
The business in stocks included 80 shares
Odd Fellows Hall Association at 81 30: 20
Bank of Lafayette at $i5. 90 do at SIS 80:
100 Crescent City Slaughterhouse last eve.
,ing) at Sl9, and 20 and 100 Louisiana Levee
It - %. Last evening we reported sale
It auction Of 800 shares Crescent CITY
at 3l4 30. We learn that
although there were number of brokers
present, there was very little competition.
md the bid OF Sll 80 was the highest made.
1t the same time there were bids on the
treet y! Sh - ana SlS. and now Ve have
exported to us a sale at $40. We also learn
rom director of the company that up to
=. NJ. to-day no transfer had been made
Ipon the books. This may be accounted ,
or by the parties selling the difference. but
s there is such discrepancy between the :
uction sale yesterday and the report to-
lay. it is proper that we should make this t
Nplanation. gin was offered and refused ]
or 10 shares Mississippi and Mexican Gulf {
hip Canal. :
Nothing reportedin bonds. |
$1,000 city appropriation certificates sold
in lots at S5'e. andS2oQ0 al SS1., the latter
II extreme rate.