New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-01
MonetarY--C Commercial.
MONETARY.
OFFICE OF THU DAILY REPUBLICAN. I
SATURDAY EyRN1NG, December 81. 1871. )

OFFICE OF THE DAILY REPUBLICAN. !
SATURDAY EVENING. December 81. l61v. }
The money market continues gradually
to relax, and most AL borrowers are able to
obtain accommodations readily at the
banks. On the street the negotiations are
very few, nearly all the approved paper be-
ing taken at bank, and we hear OF only
occasional transactions at our. quotations
To-day some $40, 900, secured by AL collate-
rails, was lone at 10 y cent y annum. We
quote 10 u cent y ahnum to | per cent per
month for AL notes secured by unquestion-
BILE collaterals, and 10fA for Al buS-
ness paper without collaterals; and iva
u cent y annum for AL mortgage notes,
and l2Q IA for second grade.
The Bank OF America declared a semi
annual dividend to-day of fifteen per cent
PAYABLE on and after this date; and the
Bank of New Orleans one of eight per cent,
payable on and after the twelfth prOximo.
The Bank of New Orleans also carried to
its reserve fund $4,000 from its profits
for the last semi-year.
Gold opened at lII01llA against 1l07s
at New York;, and closed, after touching
Ill2s, at 1I0A 01l07s against Il0Al. The
market was better supplied with cash gold
during the latter part OF the day, and rates,
compared with New York, ruled materially
lower. The sales included $1,000 at llOAi
$1,000 and $4,000 at Ill; $4,000 at 1l0B
Ills; $1,000, $4,000 and $4,000 at HIS; $4,000
and SIS, 200 at1llA; $4,000 at Ill BIG; Sl2,-
900 at Ill3s and $4,000, deliverable on Tues
day next, at 1l0zs. We notice, also, sales
of 300 Spanish doubloons a t$l60I6 O5 each
in gold.
half dollars sold at 1881, $4,000 at 1884, and
$1,000 at 100.
Foreign exchange varied in agreement
with the course of gold and bills at New
York, the market closing, however, about
the same as yesterday. The sales of sterling
embraced 100000, of which $4,000 and $4,000
bill of lading at ll9, fl30O at 1873, = bill
of lading and clear at 1873 0lI9h, $4,000
Al clear and f4000 AL bill of lading at
119k, fl000 AL clear and $4,000 AL bill of
lading at 1893, f35,000 AL bill of lading
and clear at 119A, 1893 and ll914, E450O
and eS000 clear at 1874, El5O private
bankers at 1888, El000 first class (equal to
private bankers) at 1894, and f500 and
1900 bank at l20A. Nothing t~ranspired in
francs. Sterling may be quoted at 1l90
1874 for good to AL bill of lading and
clear, and no p for bank.
Domestic exchange was a shade easier.
The banks supplied the remittance demand
for sight drafts on New York at "a per cent
discount, and the sales included $4,000 and
$4,000 private bankers sight on New York,
and $4,000 bank at Is discount; S6O,OOO
bank and commercial at y for the former
and ZIG for the latter; 5000, $4,000, $4,000,
Sla,OO0, $l5,UU0, S2O,eUO ana 9JU,UUV Onnmef
ciaI at y, $4,000, $4,000, $4,000, 10000,
$4,000 and $50, 900, commercial, and $780, 900
private banker5' at ZIG, and $1,000 sight on
Boston OF y discount. Some Of the banks
draw gold checks IN New York at "a per
cent discount.
The sales of stocks included 400 Slaugh-
terhouse at $2l 50 Ia marked deelineh and
159 at So. We heard also of sales of Mis-
sissippi Valley Navigation, and Sanitary
and Fertilizing Company, particulars all
suppressed.
Nothing reported in bonds.
$1,000 new State warrants changed hands
at TIA, $500 do tsmalll at 72h, $500 do do
at 70, and $4,000 and $4,000 blue Metropoli-
tan Police at 81. Dealers bought new
State at T073, and new Metropolitan
Police at 81 a 81 II, and sold the former at
and the latter at %.
Dealers rates for city treasury notes
were 24a25 y cent discount buying, and
22h a % selling.