New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-22
Monetary--Commercial.
MONETARY.
OFFfCE OF TIKI DAILY REPUBLICAN.
SATURDAY EyENINu. JaOuary *. L5iI.

! MIN l. AAS1
osFfCE or TIKI DAILY REPUBLICAN.
! SATURDAY EvENISU. January Il. E51l.
| The money market continues quiet and easy
| vita moderately fair demand for d;srnunts ane
ample supply Of funds available at bank for thu
| accommodation of Al borrowers There has proha
| bly, been difficulty within the past few dt "
! i'll negotiating paper Oh the street at inside
| f.nre. but this is attributed mainly to the re
luctance OF lenders to part with their means unless
| at more rein'lntratlve rates aud not t" any de
| crease III the supply OF money. Besides this, con
siderable amounts ARE taken UP IN carrying fame
stocks and securities refused ~ collat"rals by the
banks. with thes" remarks stal quote as
street rates io0l2 y cent = annum for AL notes
with inquest ionabl. collaterals and Al and first
paper still rules at lOall T. ccut = annum for Al
and l2al4 for second grade
Gold opened at llO>. 0llO9. against ,lO2, at New
iorkl and after touching llOe and l!0a. closed at
40 ,i6Ill o against lob The business In.
$4,000 ut l:ol:; $500 5000 and s 900 at los.
and $500 AT ilos,. Nothing reported IN silveI.
fair business was done III foreign exchange.
partly at Rather sitter rates, but on the whole
showing 40 auotahe change. The sales of sterling
reached about $50 900 of which = bill of ladns
and clear at llai a 1885,; $4,000 bid OF fading at
titoo cleiI AT ll9i,, $1,000 and 81 800 Al bill Of
.dins and clear at ll9fs llaa 5000 bill of ladng
l2o. & 1910 bank and 5000 frat class at 100 1000
private bankers III 30 1. and 5000 bill o; aiing
at Ios gold. Sterling may h. quoted AT 1877
llsa, for good to Al bill OF lad:n, and clear and
l2o ai2oai for bank.
domestic Exchange was steady ani firm, The
banks supplied rcr.!tters with sight drafts New
York at $ 4 per cent discount and the sales in
cludsd $3s 900 private bankers sight on New York
at la2 discount, +loo oo. 500 OOO. $1,000 and So,
geo commercial. 81 900 privat. tanker. aud $50,
UV ana $4,000 bank at =, Sl 5000 and Sl5 900 soin-
mcrcal at SIC j. 10000 at d. 81 900 sigh. Prov
idencc at the same. 5000 three dav- sight ST.
Louis 1T !. discount. and $4,000 thirty days sight
on New York ut IA.
The feature i'll the stock mark. vast!lc ,apd
decline in Mississippi lvaleT Lercr stock. winch
sold earl% III the da, at = Ia 1927. t't ,ub,cauent
~ broke, under the Eenatv's sustaiIiin! the Gov
ernors veto. and closed with sales AT ) and &c II
share. The sales were follows - and 100
shares at &c. 100 al 81. loo and .Gr "a. Zoe - al
Isle. M poe. 300 at s5c l25 and ioo c. ,,o
'oc. q At the 200 at Ace 100 200 and 1000 at
Soc. 10 at t5c, - At zoe. at &c 100 (sellrI's
option ten darsj t the same. % at SIC 700 aud 400
at 6c, $50 ut + J. and 30 at j. o,i.c u shares
Bank of New Orleans was reported at ), ~.
IN bonds. $4,000 new city seven sneT cents
changed hands, III several lots. ~ 90 TO 50
Dealers bought new State warrants NJ 69169.,c.
and new metropolitan police at 9'a9:i.c and ashe,
for the former :0T.lc, and FOR the Latter Qe8c.
a small lot of city treasury notes charged hands
al p = cent discount. Dealers rates a-~. p Il
cent d sc",.nt buyir. aud lSd2i sin,