New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-14
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN.
FRIDAY kyENING, January Is. I3Il.


OFFICE OF TIKI DAILY REPUBLICAN,
FRIDAY kvESISG. january IL. lSil.
The money market continues without any
marked change. The supply of available
funds is increasing. and approved business
paper meets with ready negotiation at
bank The street rates are still 10 q II T. cent
y annum for Al notes. with unquestionable
collateralS, and AL and first-class business
paper without collaterais. Mortgage paper
rules at l0a II y cent T annum for Al.
and Ia IA fer second grade.
The Union Bank declared dividend to-
day of six 81 y cent payable on and after
tomorrow. the fourteenth instant We
omitted to mention yesterday the usual
quarterly dividend of four dollars per share
Of the New Orleans City Railroad.
Gold opened at 1923 a ll0a against III
at New York.. and. after touching llO!s,
closed at llOle ll0al against l!o'sl: Inc
sales were more liberal. including 81 900
at llols, $4,000. $4,000 and 80 900 at
l1O's. 5000 at 40 ll-l6. $1,000 at llO's q
llOa.. $500 and $1,000 at ll0l.. and $500.
$1,000 and $1,000 at llo's; In silver, $500
and $3.50 in American half dollars sold at
lOSLs. 1t is quoted at 1857 l08ls for Amer
lean half dollars. and a rs y cent pre-
MUM in gold for Mexican dollars.
Operations in foreign exchange were OF
fair extent and partly at slightly sitter
rates, the market closing AZ u per cent i'm
prOvement. The sales of sterling embraced
f75. 900, Of which - bill Of lading and clear
at 1915 1874: f3OsO bill of ladng at
1875 1880 bill OF lading and E2OoO and
fl5 900 clear at lla1s f5GOO clear at 1l9l:
a 1893 f35o0 AL clear and f50W bill OF
lading at lla',: f500) Al clear at il?a4
f75Oa first at l20Ls; E3010 bank at
I20l,. aad fI2,0o0 AL clear and bill OF
lading at 1913 Sterling may now he quoted
at 1855 a 1873 for good to AL bill OF ladinS
and clear. and l2Ols a - for bank.
Domestic exchange showed further adj
vance The banks all drew ON New York
for remittance at Il y cent discount. The
sales included $4,000. $4,000 and $4,000
private bankers. and SIS, 900 bank sight on
New York at $40 T. cent discount; $4,000
commercial S2l.0O0. $4,000, S75,GOO and
$4,000 private bankers, and SO. 1000 bank
at b; $4,000 commercial at II; 5000 and
$500 sight on Boston at 7-l6, and - thirty
days sight at las.
Bank gold checks on Now York are
quoted at Is y cent discount.
In stocks, % shares CarrOllton Railroad.
with dividend. sold at -, and 20 (resale) ut
SIP SD: 10 and so New Orleans Sanitary
and Fertilzing Company at S35; 10 do at
$50 50: IS Sugar Shed at $29 50: 100 do at
50 do at $50 %; Is and 50 do at S3l: -
Mississippi Valley Levee Company at g:
$50 do at s. l2ls; 100 and 900 do at s! .,
and 100 (resale) and 100 do at s. 80. The
Sugar Shed Company have fixed their stock
at 800 and will require no more to be paid
up by stockholders than that amount.
The only transaction reported in bonds is
$4,000 railroad city. May and November
coupons. at 81 net to the seller. New city
sevcns were offered freely at 20.
We noticed sales of $1,000 wharf certiti-
Gates (Septcmber) at a. and $500 new State
warrants at 6oi.. and $4,000 at 69la.
Dealers bought new State at 6S. and new
Metropolitan Police at - r96ls. and asked
for the former 69 go. and for the latter So;
$3.50 city treasury notes changed hands at
% T. cent discount. and the same amount
ir.Sala, If 90, We uuOtc