New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-21
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN.
MONDAY EVENING, March %. 1871.

OFFICE OF THE DAILY REPUBLICAN,
MONDAY EVENING. March ~. 1871.
Nothing has TRANSFERRED to indicate any
change in the money market. The supply
of lOanable funds is still more than ample
for the wants OF Al borrowers, and street
may still he quoted nominal at 3 a 10 = cent
per annum for Al notes secured by I'M
questionable collaterals. lOWll for short
and IL for long AL business paper without
collaterals, also l29- for good do. ga III
for Al mortga paper, and III a II for second
grade.
Gold opened at llO7s a rs iagalnst lo7s
1t New York;, and closed at the opening
rates against lll). The movement was OF
limited extent. there being no disposition
to speculate. and only IA moderate demand
for Customhnuse purposes. The safes IN
Guided $4,000 at III; $500 at III II! IS;
SO. 900 at llllsallll4 and $1,000 at III =.
Nothing transpired in silver. 1t is quoted
nominal at l0S Il 1881, for American half
dollars, and pa a2ly = cent premium III
cold for Mexican dollars. On Saturday
$500 in American half dollars sold at l0Si..
We noticed more activity III foreign eN-
change but still the movement was only of
moderately fair extent, the sales OF sterling
summing up tSl,O 900, part at Saturdays
rates, but mostly at less. the closing figures
showing a net decline of Is q Il y cent in
commercial bills The business was divided
as follows: $4,000 sterling clear at -;
t25, 900 bill of lading and clear at 1905
1903: $4,000 clear and t300O and $4,000 bill
of lading at 1903; $4,000 and { 1000 clear at
pos; $4,000 and $4,000 AL bill of lading. and
$4,000 Al bill of lading and clear at 1908
III; $1,000 AL clear at III Is: $4,000 first
class at l2ils a l2ll.; $1,000 private bankers
at l2lla and $4,000 bank at l2ll2. Sterling
may now be quoted at l2Ol2 u III for good
to Al bill of lading and clear, and u 1918
for bank
The offerings OF domestic exchange were
moderate, and rates continued firm and
unchanged. The banks supplied the remit
lance demanded for sight drafts on New
York at Is t. cent discount. and the sales
included 100000 and $4,000 commercial
and private bankers New York sight at
3-I6ai. discount $4,000 commercial,
81, 900 commercial and private bankers.
$50, 00O 1000 and $50, 900 private bankers
ut 3-l6; $4,000 commercial at 81! 5000
at "A; $4,000 sight on Boston at the same,
and 5000 twenty days sight on New York
at discount.
A fair business was reported in stocks.
but, as usual, consisting mostly of ''tancies."
house (early in the day. at S42 so; 30 ard 10
do later) at S44 % at S44 I2l2 ?; 80, 30 and 200
DO at Sll %; 800 at $44 a "A so; so do at $44 So
100 and l0o Union National Bank at $50 .;
300 Crescent City Waterworks at 81 50; 30
do at 81 60; so do at 81 10; 80 Factors and
Traders Insurance Company at sS4 so; and
10 Hydro Carbon Gaslight Company at $5S.
A sale of ten shares RaMie Planting and
Paper Stock Manufacturing Company was
reported at s.. On Saturday. not reported,
100 Sanitary and Fertilizins Company
changed hands at so.
The only sale OF bonds reported is $1,000
new city seven per cents at 125sc.
We hear of no round sales of warrants.
Some of the dealers reported counter buy
ing rates for new State zoe. and new Metro
politan Police 81 lec: and selling at Il a re
for the former and 90 9Sll c for the latter.
A lot of 500 city treasury notes We're sold
at the advanced rate OF ten per cent dis
count.