New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-16
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
"WEDNESDAY EVENING, March Is. ISL.

OFFlCE OF THE DAILY RRPUBLICAN,(
"WEDNESDAY EVENING March l5 ISL. }
The money market continues quiet and
easy, with no change in street rates, which
are ga 10 y cent per annum for AL notes
secured by unquestiOnable cOllaterals. IOd
II for Al business paper without coilaterals'
and l2 for good do and 90lO for Al mort
gage paper and / a IL for second grade.
Gold opened at Ill J.. a III against ~ -
at New York;, and after touching illAs;
closed ut the opening rates both here ana
in that market Tho sales included
$4,000, $4,000 and $4,000 at lllls; SSooo
and $4,000 at lin, $1,000 at Ills, s'o,ooo at
1llas elll1s, and $4,000 at lllts
Foreign exchange stiffened i'll sympathy
with gold, and the closing figures showed a
sterling srt embraced nearly flOO, 1000, of which
flOOO Bill of ladins at 12Osa; $4,000 clear at
IaO7s. $4,000 100 days. at the same; $4,000
and fi3OOO AL bill of lading and clear at
III oI2ll.: $4,000 AL bill of lading a: l2l Is;
f:3OOO and $4,000 AL bill of lading, and $4,000
clear at l2l; $1,000 and $4,000 Al clear at
l2lA; fl7,OOO AL clear and first class at
l2lls l2las $4,000 first class-equal to pri-
l2lss al2lt; $4,000 private bankers at
1919; $4,000 bank at III "a, and f3OOe bank
(sight) at l22a.. Sterling may now be quoted
at 1908 a III 1. for good to AL bill Of lading
and clear, and a l22 for bank.
Domestic exchange was sitter. The
banks checked Oh New York tor remit
lance at u per cent discount, one of them
however, supplying customers with small
amounts at Il, and tho business included
S5O,OOO bank sight on New York at BIO Y
cent discount; S25, 700 and 5000 private
bankers at 1872; $4,000 commercial, so, 900
and $50, 900 bank, and $4,000 private bank
ers' at "a; $4,000 commercial at 9-32: $4,000
at SIG; SO, 900 and 100000 at b; $4,000
sight on Boston at the same. and 10000 and
$4,000 thirty days sight on New York at
Ia.
In stocks 200 shares Union National
Bank were sold yesterday (nOt reported) at
S36; 50, 100, 100. 200 and 300 do to-day at
$50 25, an advance; 100 Crescent City
$35; so and 100 do at S35 50. and 367 Crcs-
cent City WaterwOrks at 75c.
In addition to the sales mentioned above,
there have since been reported 307 shares
Crescent City WaterwOrks stock at 9Oc, 20
do at 81. 10 Upper Red River Raft Company
at S. so, 60 do at s. 12ls, 100 do Land. Loan
and Savings Association at 81, 100 do at
g 25 and 100 Slaughterhouse at S35.
We understand that Il round amount OF
State levec 8 per cent bonds NEARLY slOo.-
OO0) were sold tO-day-terms private.
Nothing reported i'll warrants. Dealers
bought new State at to and new MetropOli-
tan POloe at 81, and asked g. for the former
and 80 for the latter.
Dealers rates for city notes are II =
cent discount buying and Is selling.
Tho consolidation of the Butchers AssO-
citation and the Slaugbterhouse Company
was completed this morning, and the follow
ing officers elected in the new organization:
Charles Cavaroc, President. and }. b.
Ronede, Louis Ruch, Il. Beanbay. William
Mehle, j. T. Aycock, Joseph Gatzenser
William Pagan and Paul Esteban. All the
directors are practical butchers.