New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-14
Commercial
MONETARY.
oFFICK OF THE DAILY REPUBLICAN, I

i OFFICK OF THE DAILY REPUBLICAN,
4 SATURDAY EVENING. May -, 1871.
\ The only feature in the money market
/ was a slight increase in the offerings of short
/ paper, say thirty, sixty and ninety days
sight at the bank, but the supply of availa-
1 bile funds was more than ample for the
wants of AL borrowers. On the street we
| heard of scarcely anything doing. We quote
at as per cent per. annum for AL notes
with unquestiOnable collaterals, $40 for
good do; sale for short AL business paper
without cOllaterals; Pals for good and
second grade do, and IL for Al long do
Mortgage notes rule at 80 for AL, ami 10
"a ~ for second class.
Gold opened at Ill " l1134 against Ill 81
at New York;, and closed at lIlas aIlla4
against 1ll%). The scarcity of cash gold
restricted sales, large portion of the avail
aide supply, which was small, being in the
hands Of one or two dealers. The business
embraced $1,000 and $1,000 at llll2; $4,000
and $4,000 at HES; $4,000 at Ill ll-16;
$lQ. 700 at lllas 1ll94, and $4,000 and $4,000
at lllA.
La silver $500 in American halves changed
hands at 100. American halves are quoted
at los q 100, and Mexican dollars at pa a.
y cent premium in gold.
The market was very poorly supplied
with sterling bills, and owing to their
scarcity, and the improvement in gold here
NJ
cidedly stronger. Operations were small,
the sales being confined to about 10000,
including $4,000 bill of lading at III Is; -
bill of lading and clear at 12l IA q l22: El500
bill of lading at l22; f2500 clear at I22A:
$4,000 private bankers and f2000 and $4,000
AL clear at l22l3; fl000 private bankers at
l22as; $4,000 first class at l22a4; - bank
at l23, and $4,000 at the same We now
quote sterling at l2291221s for good to Al
bill of lading and clear. and 1913 for bank.
Nothing TRANSFERRED to indicate any varia-
ton in domestic exchange. The banks
checked ON New York at Is per cent pre-
MUM for remittance, and there were sales
of SO, 900, So, 900 and $4,000 New York
commercial sight, and $4,000 private
bankers at 4 premium; $4,000 and SIS. 900 |
bank at 9-32, and $4,000 and $4,000 pri- |
yate bankers at sic.
The stock market was more animated than |
usual, but yet the move ment was small. |
Two hundred and fifty shares Louisiana |
State Lottery sold on private terms; Is Mis-
sissippi and Mexican Cult Ship Canal with
draining privilege at $3.50; 200 Slaughter
house at $34 so; $50 same at $3i IS a 81, an
and SO Canal bank at Sil IS.
AS high as $42 was bid for the latter, and
S74 for st. Charles Street Railroad. Messrs
Z, +. Girardey Il Co., auctioneers, sold by
auction 20 Canal bank at Sal 621R; "a Jack
son Railroad ut 81 IS, and $Il30 New Or
leans Insurance scrip linked dates at 76c.
Early in the week moderate amount of
Crescent Insurance scrip of 1870 about
$4,000 brought 72c; $40 80 was offered for
500 shares Louisiana Levee stock, but there
we're sellers of small lots at that rate.
State warrants were inactive and dull
Dealers reported buying rates at 40 a SOC for
arge, and Sc q G0c for SMALL and selling at
~ a SIC for the former and 60 a 6ic for the
after. Metropolitan Police, new, are still
quoted at 9Sl. 93a4c.
Some of the dealers report counter rates
or city treasury notes "a y cent discount
,uying and - a % selling.