New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-16
Monetary--Commercial.
MONETARY.
OFFICE OF THB DAILY REPUBLICAN,

OFFICE OF THB DAILY REPUBLICAN, /
MONDAY EVENING May Is. 1911.
We noticed a further increase in the de
mand for accommodations, both at bank
and on the street, but there is still an ample
supply of capital available for the wants OF
all AL borrowers, and the money market
continues very easy. At one of the banks
the discounts of short paper amounted to
upward of 100000 On the street a mod
crate amount of good notes with collaterals
was passed at 10 per cent per annum, and
some without collaterals at IL. We quote
| at as per cent per annum for AL notes
| with unquestiOnable cOllaterals, 80l0 for
good do; SO 10 for short AL business paper
| without collaterals; 120l8 for good and
second grade do, and 10 a l2 for Al long do.
| Mortgage notes rule at "a for Al, and 10
| q II for second class.
Gold opened at Ill y a 1ll34 against III y
| at New York;, and, after touching 1l17s
| against HES, closed at the opening rates
| both here and in that market. The sales
included $4,000 at ILL.,; $4,000 at HIS;
$500, $500 and 900 at Illa,; and $40, 900
and $ll 900 at Ill7s
We understand that the probable limit to
| the government sales this week will be
100000 though it may be increased. The
Sub-Treasurer offered $4,000 for sale this
morning at liza, $4,000 of which was
taken.
In silver $4,000 in American halfdollars
sold at l0Sa4. We quote these at los a lOSa4,
and Mexican dollars at pa a3 v cent pre-
MUM, in gold.
The offerings of foreign exchange were
again light, and rates ruled Sitter. The
sales of sterling embraced f30, 900, of which
$4,000 bill of lading at l22; $4,000 at 1925;
100000 clear at 1928; $4,000 at l221a; Gl20O
AL clear, and fS600 AL bill of lading and
clear at l225s; fl500 AL clear at 12234 and
nri atp no MI
900 AL commercial francs were reported at
47212. Sterling may now be quoted at
l221s a l229s and l223a for good to AL bill
of lading and clear, and = a 1874 for bank
Domestic exchange was in better supply
and rates were a shade easier. The banks
drew on New York for remittance at IS
per cent premium, and the transactions
incluoed SIS, 600 commercial sight on New
York in small sums. at par; $4,000, $ll, 900, |
5000, $4,000 and 100000 commercial, and |
$4,000 New York bank certificate of de-
posit at u premium; $4,000 and SIS. 900 |
bank at 9-:52 and $4,000 bank at sic. At |
the close it would have been difficult, if not |
impossible, to realize the latter rate
A lair business was done in gold checks
on New York; $4,000 bank changed hands |
at 1-16 y cent discount, 100000 private
bankers at par, 1900 bank at l-I6 T. cent
premium and Sll 900 bank at III currency.
Some of the banks offered to draw trihing
sums for remittance at Il a 4 premium
Operations in stocks were on a more lib
eral scale, the transactions reported includ-
ing 1000 and 1000 shares Mississippi Valley
Navigation Company at 81 25; IS do at
81 so; IS do at 81 IS; so Louisiana State
Lottery at $7S; 200 Crescent City Water
works at zoe; 100 do at 25c 1000 Land,
Loan and Savings Association lin LOTS at %
a Zoe; 10 Hibernia Bank at -, and 80 Canal
Bank at Si2. The two hundred and seventy
shares Louisiana State Lottery reported on
private terms on Saturday, were at 81 50.
A small lot (36 shares) of Crescent City
was offered at $34 so, but
,nly $34 bid.
Nothing reported IN bonds.
Eighteen thousand dollars State warrants
hanged hands at AZ a 30. Metropolitan Po-
ice new, are quoted at SO d99
Some OF the dealers report counter rates
or city treasury notes % T.. cent discount
'uying and - 023 selling