New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-19
N onetary--Commercial.
MONETARY.
OrF1CB OF THE DAILY REPUBLICAN.
MONDAY RyENIN0 December Ii. 1871.

OvFlCB OF THE DAILY REPUBLICAN.
MONDAY EVENING December 70. 1871.
We notice an increase in the offerings OF
paper on the street. consisting to some ex-
tent OF factors acceptances and notes OF
parties whose lines at bank have been filled,
and rates have advanced: At bank there is
still a strong demand for discounts, but
most OF the offerings of approved paper
are negotiated. We quote IL Is per
cent per annum tor Al business paper, with
out cOllaterals, and II Is and 90 good and
second grade, and 20 o. for AL with first
class collaterals, and Is q Is for good do, and
-04 tor second grade. y
The annual election for directors Of the
New Orleans City railroad to-day resulted
in the choice of the following named gen.
tlemen, viz: Messrs. b. B:scOe. J. P. COulOn,
II. Gally, X. Geddes. James Jackson. K. NJ.
o Brien, John c. Rogers. Sam Smith, c.
II. SlOcomb. P. Simms. j. H. Stautfer and
r. Wintz. The above constitutes the old
board with the exception of Mr.. J. H.
Stauffer. who was elected vice j. Avet
Gold opened at 1924 a l095s against 1903
at New York;. and closed at 1924 a lO9ls
against 1897, The sales included $1,000,
$500 and $4,000 at 1924: $500. $4,000
and $4,000 at 1925; $500 at 100 7-l6;
So, 900 at lOeaa 0lOsla: $1,000 and $500 at
lO9l2. and $1,000 and SIS, 200 at lO9's.
Several Small amounts Of American silver
half dollars sold at l0S34 a lO?. We quote
these at l0S a 100, and Mexican dollars at IA
aga y cent premium in gold.
An active business TRANSFERRED in foreign
exchange at easier rates. The sales OF ster-
ling embraced little over O,OOO of which
f:O, 900 bill OF lading and clear at ll7a4 a
49, t25O0 bill Of lading at liza: $4,000 clear
at the same: f:}5OO and $4,000 bill of lading
at ll77s: 10000 bin of lading and clear at
ll77s a lis: $1,000 and 1880 clear and f350O
and $4,000 AL bill of lading at IlS; $1,000
AL bill of lading at 1875; $4,000. equal to
private bankers, at 1854; $1,000 and $4,000
bank at 1885 1854: fl2O0 and tlJOO at
ll9. and $4,000 bank sight at 1894.
In francs. 10000 AL commercial sold at
1864.
We now quote sterling at ll7a, a llsls
for good to Al bill Of lading and clear, and
1883 a 1855 Tor bank.
Domestic exchange showed tendency
toward still easier rates during the fore
noon, but stitfened slightly toward the
close, the closing rates. however, showing
no material change from our quotations on
for New York sight drafts was supplied by
the banks at ls0 u y cent discount, and
the sales included $4,000 commercial and
100000 bank sight on New York at % T.
cent discount; $4,000 and $4O, 900 CONNER
cial at ZIG: $4,000 and $4,000 at 10;
$4,000 sight on Philadelphia and $1,000
on Baltimore at ": $4,000 sight ON St.
Louis at s., and $4,000 thirty days sight on
Philadelphia at Ia.
On Saturday, not reported 10 shares Mis-
sissippi and Mexican Gulf Canal stock sold
at $ll5 and to-day 500 shares Louisiana
Levee at s. D.
Nothing reported in bonds The sales of
warrants included $1,000 at 5,le. $500 and
$4,000 flarge) at 5a. $500 at 5Sle, round
amount at about Co. $1,000 at COS, and
$1,000 (small at 81.
There was more doing in city appropria-
ton certificates. which sold at a decline
$1,000 changed hands at S5l2. $1,000 at S55s,
and $aOO0 and $500 at S..
City treasury notes are quoted nominal at
81 3, L. + cent discount.