New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-23

OFFICE OF THR DAILY REPUBLICAN,,
FRIDAY EvRSISs September u. 1871.
out any material variation. We still
quote 90 per cent per annum for
| first class notes secured by undOubted col
laterals, and III q III for good and second
| grade; 10 a ii for first class short paper with
| out cOllaterals and l20l5 and l8 for good
| and second grade. Mortgage paper 60
tor Al and 10 q - for second grade.
There is still a strong demand for dis.
counts at bank, and fair business is doing
| on the street in the way of negotiation
paper not acceptable at bank
Gold opened at 1888 q 1895 against HAS
at New York;, and closed at ia q q ll41s
| against llias). The sales included $4,000,
$4,000 and $1,000 at 1888; $1,000 at 1874;
$4,000 and 81, 900 at 1885, and $1,000 and
81 900 at 1884.
Nothing reported in silver except few
trifing sums in American half dollars at
| 1854 and 1854. We quote l03le lO9 for
these, and liz VA. per cent premium in
| gold for Mexican dollars.
We noticed very little Offering in foreign
exchange, and the reported sales OF sterlin g
were confined to fl5OO bill of lading at
l2219. and fl20O private bankers cable
transfers at l25. We advance our quota
| tons, in agreement with the course OF gold
| and sterling bills at New York, but give
them with the remark that they are little
better than nominal, viz: l23 q 1874 and
| clear. and I24A a l241s for bank. The Cot
ton Exchange special New York dispatches
quoted sterling active at 1854 lOS7s for
| bankers sixty days, and 1924 a 09le for
sight. and lO7as a 1854 for commercial
| sixty days, showing an advance since yes
terday Of BIG to y per cent in bankers
sixty days, n in bankers sight. and u on
~, IL - c>,rn oia1
There was rather frmer feeling in do
mestic exchange. The banks all checked
on New York for remittance at Y + cent
premium. and the sales included $4,000 and
So, OIO commercial New York sight at par,
and $4,000, $4,000 and $4,000 bank at
Lilo + cent premium
A limited remittance business is doing in
bank gold checks on New York at 2. = cent
premium, but we hear of nothing doing in a
round way.
Operations in stocks included 50 shares
Crescent City Slau1ghterhouse late last eve
ming, not reported at $26 Is; 50 do, resale
to-day at SO 50; small number of Bank
Of Lafayette yesterday, not reported, at
$43; 200 Louisiana Levee Company at
s. 62ls; 50 do at s. Is; 50 do. resale. at 81:
100 do at the same: 100 Pneumatic PrOpel
ling Company at $3.50; 50 and 500 do at
81 50; 25 and 50 do at o. 50 and 50 do at
%; oU 10 at DO 20; lVU ana IOo crescent
City Waterworks at 40c; 500 do at 45c; l0l7
do 57lac. and HOO and 1900 at 6Oc. The
above figures for Pneumatic stock indicate
a heavy decline, which took place during
tue forenoon, but this was partially recov
cred later, the market clOsin. at about $l0
80. At one time during the day sales
were said to have been made at 81 80 and
s., but we were unable to trace them to
any reliable source. The decline was at
tributed to the unsatisfactory result Of
trial of the pneumatic machine last eve
ming. and the market was strengthened
during the afternoon By rumors Of another
trial to take place tonight. City apprOpri- |
alton certificates sold at a marked falling |
Of some small amounts changing hands at |
7S. and $500 at 80.
In warrants $4,000 large State sold at 50. |
Nothing is doing in city notes, quotations |
for which are nominal
We quote as follows: