New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-20
Monetary--Commercial.
MONETARY.

MONETARY.
| OFF1CR OF THR DAILY REPUBLICAN. I
TUESDAY Bv1NINe. September H. 1871. '
| The money market proper is in the same
| condition as noticed in our previous report
| We still quote -09 per cent per aunum fol-
| first class notes secured by undOubted col.
| laterals, and IL a IL for good and second
grade; 10 q IL tor first class short paper with.
| out collaterals and l20l5 and l8 for good
! and second grade. Mortgage paper 60
! for AL and 10 a IL for second grade.
Gold opened at 1884 Ola against HAS
at New York;, but subsequently advanced
! under rise in Wall street, and closed at
LA OHM against ll4a4). Quite an active
demand sprung up shortly after noon,
| owing to private dispatches from New York,
some of which reported that market as high
swelled to upward of 81, 1000, of which $1,000
and $4,000 at 1875; $4,000 and $4,000 at
ll3%, and $4,000, 1900 and $4,000 at
LA.
American silver half dollars are scarce
and in request, and command very full
rates. There are few or no Mexican dollars
here. We quote l0S 0lO9 for the former,
and ~ Ok per cent premium in gold for
the latter.
Foreign exchange varied in agreement
With the course of gold and bills at New
in commercial sterling of Y y cent over
our quotations Of last evening. The sales
of sterling were fair, embracing about
El5.OOO, Of which El5OO bill of lading at
l22as; E5OO bill Of lading and $4,000 clear
at l22a; fl2OO and E456O Al clear at 1913:
fl5OO bank at l24; E6OO sight at 1914, and
small amount (E25O) private bankers
cable transfer at l24l. We now quote
sterling at 1929 q 1888 for good to Al bill
Of ladinU ou1 c1oor oDN 1SlA- for hanL
The cotton exchange New York dispatch
quoted sterling at lO8h 0l0Sk for bankers
sixty day bills, and 1851 q 1885 for eight,
and commercial sixty days at lO7la 0l077s.
In domestic exchange We noticed no vari-
alton in the bank remittance rates for New
York sight. which still ruled at !. oas =
cent premium. but the market for round
easier. The sales included small amount
of New York commercial sight and $4,000
same at par, $4,000 private bankers at
l-l6 Y cent premium, and $1,000 and 81, 900
commercial, go. 900 private bankers and
$40 900 and 100000 bank at y.
New York gold checks sold to a moderate
extent at previous quotations. Ten thou
sand AL commercial changed hands at q y
cent premium, and $4,000 at le. A small
remittance business was done by some of
the banks at Y premium.
In pursuance OF the advertisement of the
Administrator Of Public Accounts, the fol-
lowing bids for the sale Of $780, CONSOLE
dated city bonds to the city, We adjudicated
yesterday:
Messrs. LeSassier & Binder offered IS
bonds, Of $1,000 each. January coupon on, at |
s767 40. Mr.. John Dolhonde offered $50 old !
bonds, of $1,000 each, January coupon on, as |
follows: 20 at 1924, 20 at 1919, 20 at 1874, |
Is at 1888, Is at "a, 20 at Il 49, 20 at Il. "A,
20 at 77.79. Mr. j. B. S. Michel offered 100 |
bonds, Of $1,000 each, January coupon on, as
follows: 10 at 747-l6, 10 at ~ SIG, 90 at
a lilo 30 at "a 1916, 80 at "a 1916 The
New Orleans National Banking Association
offered 1876 old bonds, Of $1,000 each, January
coupon on, at 80.
The bids of Messrs. LeSassier & Binder.
Mr.. John DoihOnde and Mr. J. B. S. Michel
we're accepted, but up to one o'clock to-day
Hr. Michel had not come forward
On Saturday, in accordance with previous
lOtice, the Administrator of Finance opened
he sealed proposals for the purchase of
80, 900 city ten per cents. October coupons
fl, payable in cash or in certificates of ap-
ropria:ion, no bid to be accepted at less
han par The following bids were &C
eDted all Davahle in certiicatas