New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-04
Monetary--Commercial.
MONETARY.

MONETARY.
OFpIcE OF THE DAILY REPUBLICAN. !
| TuE-pAY EVENING. January 3. iS1l.
The money market proper is without any
| material variation. The street rates art
| still 10 = cent = annnm TO per cent pei
| month for Al notes secured by unQuestiOn
hle collaterals, and I0lh for Al bust
! ness paper without collaterals; and IO0l II
/, cent q annum for Al mortgage notes
| and H. q IL for second grade.
| We notice the StlCharlcs Street Railroad
has declared dividend of six per cent. pay
able on the sixteenth instant. and the
| Southern Bank one of five dollars per share
| PAYABLE on the sixteenth instant.
The election Oi the Crescent City Gas
Light Company resulted in the choice of the
following named parties, by n majority OF
votes: James IL. Oglesby. A. l.. Lee, Julee
| Cassard, Mortimer j. Carr, Robert j. Kerr
and +. }. Heron.
Gold opened at li0as 0ll07s against ITO e
at New York;. and closed. after touching
Ill, at lI0as ll0L. against llO's). The
sales embraced Sl650OO, Of which $4,000,
$4,000, S25,0o0 and 100000 at ll0lz; $1,000.
5000, $4,000 and 81, 900 ut lI0as: $1,000,
5000 and $500 ut llQ34; $1,000 at llO7s, and
$500 at Ill. In silver, $500 in American
half-dollars sold at l0SIe. and 500 Mexican
dollars at / y cent premium in gold.
The market for foreign exchange was
more active, INIT rates sottencd under the
decline in gold and domestic bills, closing
4 a |. = cent below yesterdays closing
figures. The sales of sterling reached
sil5,000. including - bill of lading at llsal
0llS7s; 1900 at ll9; El7, 900 at llals:
s37 900 Al clear at ll9 a ll9i4: 5000, $4,000
and $500 Al clear and t7OO0 bill of lading
at ll94: 5000 bill of lading and clear at
ll9 a 1895: 800 and $1,000 tirst-elass at
1893; $1,000 private bankers at ll9i2 a
1898: $1,000 bank at 10; - at l20i4. and
3lS0O bank sight (tor remittance) 1T III.
Sterling may now be quoted at llSa4 a 1913
for good to Al bill Of lading and clear. and
a 100 for bank
The offerings OF domestic exchange we're
more liberal and the market ruled lower.
The Banks continued to ask Il l. cent dis
count for sight drafts on New York for re-
mittance, but considerable amounts wer.
thrown on the market and sold at 1-iG a l.,
and we heard Of private bills having sold
at the close a: r discount. The reported
transactions are $4,000 commercial siglls
on New York early, $4,000. 100000. $4,000.
$4,000 and S.0,0G0 bank. and S25.0O0 pri-
waite bankers at 7-l6 = cent discount;
S6O,OO0 bank and commercial at 7-l6 and II;
SSO0O $4,000, $1,000, $4,000, $3.50
and 900 bank at ~: 5000 and Sl0. goo
commercial at 9-i6; $1,000 one day sight
on New York az the same and $4,000
thirty days sight at "a.
Two thousand dolla1s coinnselsia2 ge'e
checks on New York sold nc J.. discount.
Scarcely ANYTHING wac done in stocks.
We heard of 81 havn. been offered for
Crescent City Slsush;eshouse. but cid rot
learn OF any transactions at THAI figure. e,n
Saturday, not reported, ) shares OF Louisi-
ana State Bank sold at 500 tof s"nrse With
DIVIDEND and 10 day % A'ssscsu. city Ssans
at $40 2j
Nothing eran.pired IL bonds.
$50 Fiscal agency certificates (yuYy Gai>
changed haads a, 3d. $500 new state was
rants ut. i: $1,000 do at - and $500 at 2la.
Dealers Oough, new State at II nsae :Sad
new sletropoiisan Polio. ~ 81 1s97l2, aSd
sold she GoEHl.c - :.4 ! aud shs 2sttsg nj
So
4 ics OF 500 ~, ire .. Bas Seqa . lseP sF.5
:tls l. ssU: discount