New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-23
Monetary--Commercial
MONETARY.
OFFICE OF THE DAILY REPUBLl"AN. I
WEpNEsDAy EVENING. March Y. 1871.

| OFFICE OF THE DAILY REPUBLl"AN
! WEpNEsDAY EVENING. March z 1871.
The money market continues quiet and
easy, with an abundant supply of capital
| available, especially for the negotiation of
| short paper The amount of currency Law
| ing idle in the vaults of some OF our prin-
cipal banks is perhaps larger than at any
| time for several years past. On the street
| We hear of Il few transactions at quotations.
| but the movement outside is very light
| We still quote street rates q 10 per cent
| per annum for Al notes secured by
| first class collatcrals. 10 II for short and
! II az for long Al business paper without
| "ollateralS, T. for good do g a 10 for Al
| mortgage paper, and II T. for second grade.
Gold opened at HOS a Has against II
| at New York;, and closed at III a IL
| against 81. The market continued i'll
| active and dull, the reported sales being
| confined to $1,000, $4,000 and $4,000 at III.
| $4,000 at IL lie. 5000 ami 5000 at Is.
| and $4,000 at llll4.
Nothing of any moment tranSplrcd i'll sill
yer. We hear of no round amounts on sale,
and the transactions are mainly confined to
counter lots by dealers. American half
dollars are quoted nominal at lo7 u 1881
and Mexican dollars ut 23s "a, t. cent
premium in gold.
Foreign exchange was less active, the
sales of sterling summing up barely t7u0oO.
at sitter rates. the market closing with "A
further net advance of !. l. cent The
transactions embraced tl3,O0O Al clear at
l207. n l2l: $1,000 at l2l $1,000 Al bill of
ladiug at III IS; 5000 Al bill of lldinS and
clear at III Is u III : t900J Al hill OF
lading at III Il; $4,000 and 900 Al clear
at III a l2lds: $4,000 Al clear at III :. and
t25oo bank at 1898. gold. Sterling NAV
now be quoted at zoos a 1913, for good to
Al bill OF lading and clear. and l2l@- ~
for bank.
The offerings OF domestic were fair. and
with less demand the market ruled Il shade
easier. The banks continued to check on
New York at par, and the business included
$4,000, $4,000 and 100000 commercial
sight at | 10 t. cent discount: 5000,
100000, $4,000 and 100000 private bank
crS' AT }-:S;,: s20,0oO. 100000, s!j.0oo and
$50. 600 commercial at Is: and $4,000 and
$4,000 at $40.
In gold checks on New York we noticed
sales of $4,000 private bankers ut Il t cent
discount and $1,000 bank at par. Some of
the banks supplied rcmitters at the latter
rate, but there is very little movement at
present
The stock market was again fairly active. !
and one of the principal features of the |
movement was the decline i'll Slaughter
house, which sold at s. per share below the /!
highest point reached yesterday. The sales |
included % shares Union National Bank at
$50 30; 80 do ut ?39 62l2; 10 Iiibtlna Bank
at Sl30; - Carrolton Railroad at Sll6 ID |
Sanitary and Frrtilizing Company at 81: |
% do at the same; 70 do at 81: , Mi>Sis-
sippi and Mexican Gulf Ship Canal at s. -;
1000 Land. Loan and Savings Association
at SItn: lO1 Crescent City WatrrworkS ut
-: leo Siaughtcrhousc at S:'S: - do at S:}.': |
-. 100, 100. 200 and 300 do at $50 20: - do
at $50 -; 30 and 100 do at 80. and 10 do |
at Sl2
There were some transactions in city |
bonds, the particulars OF which were with |
held.
A small amount OF new State warrants |
$3.50 sold at Ola decline Some of the !
dealers offer to buy the small sums offered |
at their counters at 90. and new Mctrol.oi-
tan Police at ~ a ~ -. and ask for the for
mcr To, and for the latter IS ISL.
A mixed lot of $500 City Fiscal Agency
and ScNcn-thlrtv certificates sold AT .'I44.
Sin hundred dollars city treasury notes
brought t. cent discount. They are i'll
request for conversion into City Fiscal
Agency certificates.