New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-07
Monetary Commercial.
MONETARY.
oFFICR OF THE DAILY REPUBLICAN, /
SATURDAY EvKE1Ne, May 6, Ell.

l N,
| SATURDAY EyEEnSe. May 6. LSil.
We have still to report an exceedingly
easy money market. There is, however
very little capital available at our previous
inside figure, 8 p cent y annum for loans
on AL collaterals, which may be regarded
as exceptional, but otherwise tile market is
unchanged. We quote at as u cent y
annum for AL notes, with unquestion-
able collaterals; 80l0 for good do; SO
10 for short AL business paper, without
collaterals, and 1913 for good and
second grade do, and 10012 for Al long do.
| Mortgage notes rule at 9010P cent T.
annum for AL. and | q ~ for second grade.
Gold opened at | II ls a lllA against Ill 1s
at New York; and closed at Ill 0lllA
against lllls) Tho sales included $4,000
at III; $4,000, $4,000, and $500 at III Is;
lllk., and $4,000 at lllss
In silver $500 in American half dollars
were reported at 1882. We quote 1914 %
| l0Sle for American half dollars, and 21R % 3
| y cent premium IN gold for Mexican dol
| lars
| A moderate business was transacted in
| foreign exchange at rather softer rates, in
| keeping with the decline in gold, the closing
| figures showing decline of Is per cent.
The sales of ste Ring embraced EDS, 900, of
which - bill OF lading and clear at 12l y a
1915, $4,000 and Gl3,000 bill of lading and
clear at l2I4s a l2l q. $4,000 and 95O0O bill
| of lading-at l2lA, f2500 at l2l rs, fIS30 AL
clear at l22, Sl00G at 1925. - bank at 122lR,
Gl000 at 122ss, a small amount of private
bankers sight at 1874, and EI000 bank
sight at 1879. Sterling may now be
quoted at III II 0l22 for good to AL bill of
lading and clear, and l2212 o. for bank
Domestic exchange was dull and I'M
changed. The banks still drew on New York
for remittance at % per cent premium, and
the sales included $4,000, $4,000, so, 600.
and $4,000 New York commercial sight
at y premium, $4,000 bank at 7-;}2 and
$4,000, $4,000 and $3.50 at SIG.
Some of the banks drew gold checks on
New York at 4 per cent premium. No
sales were reported.
The sstock market was inactive and
dull; Is shares Louisiana Lottery sold at
SN Oh, and 30 shares Slaughterhonse at
S3l 3O. We heard of sales of the latter at
S34 %. The sale of 20 shares Louisiana
Lottery, mentioned in our last report, was
at ST..
The following were sold at auction, by J. |
b. Walton, auctioneer: 5shares Mechanics |
and Traders Bank at $40; | Varieties Thea |
tire Told sto&) at SOS; % New Orleans
Wrecking aA Salvage Company ct SIS; IS |
SANITARY and Fertilizing Company at $24 IS; |
90 New Orleans Pneumatic Railroad at 81 90: |
Mechanics and Agricultural Fair Assoeia-
ton at SIS so, and % Louisiana Equitable
Lite Insurance Company, $50 paid, at $l7 80.
Nothing TRANSFERRED in bonds.
city 1:30 certificate for $500. issued this
month, changed hands at 8914. We note
sales of $1,000 State warrants at and $4,000
new Metropolitan Police at 9S19 Yesterday
afternoon $4,000 State IS $1,000 warrants1
brought %. Dealers bought these ut 50 a s.
tor medium and large. and So a 90 for small.
md asked 5205i for the former and IS a o.
or the latter.
City treasury notes are nominal.