New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-03
Monetary--Co
MONETARY.
OFFICE OF THE DAILY REPUBLICAN.

OFFICE OF THE DAILY REPUBLICAN. /
IHDsspAl EVENING. February ;. 1911. }
T.:t money market continues quiet and easy,
with no material change IN street rates winch
are iN3!2 t cent t. annum for Al notes,
secured b, unqueet;onable co!la,"rais, and Al
busineos pare, withou, collatcra:s Mortgage
Taper - still quoted AT lGSli T. ccat = annun ioc
a! and i2cli t"r secol q grade.
There IS hit!r or no ehort business paper offered
on the street, nearly al of tins ic.,II''.o BEN:
taken N the banks, tut the ium. 81 OF long dated
notes, say from three TO six months IS larger FIX
cet onal 'raisa' tons in first ella mort gag paper.
WITH vendors lien. are made at T. cat.
We lIesr that at a meeting OF the Board OF Dir"c.
tors to-day. the Citizens Bank declared a div i"nd
OF six per cent, amounting to $4,000. besides add
nsto its reserved fund the handsome sum Ut f'o,-
go OFT Of the profits of the pas months.
Gold opened at Ill ana against IL 5 at New
ill's against ll!t.). The sales included E:'ooc.
$1,000 and $1,000 at III 1920 =, "a .s $.on at
So 1000 at lllh 0lIl's ana $rieS b IN" iah 'o"o
At l1Ia..
1921, ana 5000 lC9.
Sterling exchange was cen m,s,' art,:c than
yesterday. the business s,mnins up nearly 30
eG0 At irregular and higher rates. t',' market clos
IL. with a net improvement OF as. = cent ,Or
commercial bills, and l. = tor bank The business
included 6 bill OF ltding and clean at i20 l2c'.
/ 1900 Al bili Of iadins at 1909. $500 snip, bll.
4 1900 and 1000 Al bill OF laGnS aud sSOna Al
clear at l2oai s2Oo" bill OF !a,iing At i29' s2sooO
bill Of lading and clear at TO-, Pa, and FL; SO
900 at l20Ss Gi2I; $500 and 5000 Al bill Of lLin
and 5000 Al clear at Ri $500 Al hi. OF fading
and clear at i'o. i2ls sl.oe Al BIZ! of i,dns and
2OJ0 A! clear at III s. SIP 500 bank l2l RE-.
and s-et l2ls,. We hear also o. .Io.s9 bank
having sold at llo',. Sterling may now be quoted
at l2O5sol2l 4 for good 10 A u. oi .,i,ns and
clear, and l2lt, n l2I' for bans.
Domestic exchange without any nap'toie
variation. The banks continued 70 supp" remit
ters With sight drafts or New ioIk i cent
discount and the transactions Included $4,000
private bankers sight III New York AM A.5 900
commercial at $40 discount: go 900 commercial.
= 10000 private bankers ana tt'Ao. $1,000 and
$4,000 bank al 1872; l0o2-' +lv'.) and t2r to0
commercial, $4,000. $1,000 and : $50 p,ivst"
bankers and S25 OoD and 5000! bank a: !. and
IS 900 commercial AZ 10
We note sale of tl2 900 laE;: COL Geek,
Ne" York az = i cent dis, oun. OF tne banks
Drew small sums 70! remit'anv. AZ discount.
The aaeS ~ stocks inc.uIcj 10 shares Ulon
Bank At I3J 80, ST Charles street Railroad AZ
30. and 10 Germaiii.. .,tiona! Bank At + ~, ",
heard Of other small safes o; Union Bank at SO.
Five luudI ed doili,. new state warrants sold ~
-, and $500 al .Ji5 Dealers bought iii, -
:. and new Metropolitan Police "-ca.i, and asked
for the former %. and for .he .at-, 81 49,.
There arc few %. no c'.v treasury note, offering
EXCEPT IN tri!In, lots n.iict- hr;. them across
ths.r counter AZ "a, 2 t. .,lt discount and A..
~ az.