New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-10
Monetary Commercial.
MONETARY.
oFFICE OF THE DAILY REPUBLICAN,
TuEsDAY EyKEIye Nav O. ISL

oFFICE OF THE DAILY REPUBLICAN, I
TUESDAY EVENING. May Q. 1871.
The money market continues quiet and
| easy, with an abundant supply OF available
capital and a limited demand for discounts
| on AL paper. There has been a slight in
crease in the offerings of long date paper,
but on the whole the supply of this descIip-
ton has been small, and whers accompa-
MED by Al names, met with ready nego-
| tiation. We quote as street rates as
| u cent y annum for AL notes secured by
unquestionable collaterals; S0l0 for good
do; 8Gl0 for short Al business paper,
without collaterals; 29iSfor good and
second grade do, and l00l2 for long Al do.
Mortgage notes continue to rule at 1910
| q cent U annum for AL. and Ii a IL for
second grade.
Gold opened at Ill "A Oils against Ill "A
at New York; and, after touching IL II,
closed at Ill Is lIlA against ~. The
sales included $4,000 and $4,000 at Ill Is;
| $4,000, $4,000 and $1,000 at lllA, $4,000 at
at lllA 01Nas; $1,000 and $4,000 at HIS,
| and $4,000 and $4,000 at IL ".
Nothing was done in Silver. 1t is quoted
| at 1873 0l0Sle for American halt dollars,
and 213 03 y cent premium III gold for
| Mexican dollars.
Foreign exchange varied in agreement
with the courselof gold and bills in New York.
| the closing rates showing a net advance of Is
| y cent. The sales of sterling embraced
EDS, 900, of which $4,000 bill of lading at
12l u a 12l34; 42500 at 12l2i: = at 1919 q
12l7s; $1,000 clear 1918; 47000 and e4000
AL bill of lading and f7000 clear at 122;
$4,000 Al bill of lading at 122lS; $4,000 Al
clear and 5000 first class at l224: -
bank at 1925; e600 at l22a4, and 6 100 pri-
vate bankers sight atl233l. Sterling may
now be quoted at 1913 a l22 Il for good to
AL bill of lading and clear, and l22la q
fN- " -, I
in francs.
Domestic exchange was steady and firm.
The banks supplied remitters with sight
drafts on New York at 3s T. cent premium,
and there We're sales of $4,000, $4,000,
$4,000, $4,000 and $4,000 commercial
sight on New York at a premium, and
$4,000 and $4,000 bank at SIC.
We omitted to mention in our report of
last evening sale of $500 private bankers
gold check at Is per cent premium. To-day
$4,000 commercial sold at par, 100000 at
par a l-l6 per cent premium, $4,000 private
bankers at Lilo premium, and $500 at IA
Some of the banks drew for remittance at a
premium.
The stock market was again very dull.
Some 200 to 300 shares Canal Bank changed
hands on private terms, said TO be Sll - q
Al 80, and we heard OF small sales of Missis-
sippi and Mexican Gulf Ship Canal, the
particulars of which were not made known,
S3i 80 was bid for Slaughterhouse, but no
sales resulted. Last week mot reported)
about 1900 shares Canal Bank were sold i'll
lots at Sal IS, SAL 80, Sil rs and $42.
The only transaction reported III bonds is
$4,000 old city sevens at 20.
Yesterday, not reported, $1,000 city seven
thirty certificates were sold at 9012, and to-
day $4,000 january interest) at 81.
In warrants $1,000 large and medium State
were reported at 40, and $4,000 new Metro
politan Police at 9S34. Dealers reported
buying rates for medium and large ~ vol,
and for small at So 06l, and selling for the |
former 80 a 50 and for the latter 60 a63.
Nothing reported in city treasury notes.