New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-23
onetary--Commercia
OFFICE OF THE DAILY REPUBLICAN, !
currnn.u EuuN1NG InlV %. lHIl. J

OftiCE Of IhE DdlLI e ODhA AZ
SATURDAY EVENING. July ~, 1871. y
The money market proper continues quiet
and easy, with no change i'll street rates,
which we continue to quote as follows: Say .
per cent per annum for AL notes secured by
unouestionable collaterals; 500 without
collaterals: 100 Is for good and for good do
and short AL business paper, second grade
business paper, and l00l2 and 10 Tor
long do. Mortgage paper is done at
per cent per annum for Al. and II 1or
second class.
The Union National Bank declared a
dividend of five per cent, tax free, yester-
day. PAYABLE on and after the third prox-
Gold opened at l12A 011212 against liz
at New York., and closed dull at about
tbe opeuing rates in both markets.
There appeared to be little disposition
either to buy or sell, and the sales were con-
seauently very small; $500, $500 and
$4,000 were reported at ll24, and SloOo and
$4,000 at 1l212.
In silver $4,000 in American half dollars
sold at 100. We quote los a lO9 for Amer
lean half dollars, and 313 044 u cent pre-
MUM in gold for Mexican dollars.
We have again to report a very hight
movement in foreign exchange and still
lower rates, the market giving way IN agree
ment with the drop in gold. b sales OF
sterling embraced f65OO, OF which t20OO
bill OF lading at 12212; $4,000 clear at l23:
$1,000 bank, for remittance at l24l2, and
$500 bank sight at l25. We note also sales
of s 1000 commercial francs at 4.6334, and
1000 Bremen thalers at 1884,. We now
quote 1924 0123A for good to AL bill OF
lading and clear, and ia 0124A for bank,
these figures showing a decline OF a u cent.
Domestic exchange continued without
any material variation in rates. The banks
supplied the remittance demand for New
York sight at 3s per cent premium. The
offerings were limited, and the reported
sales were only $4,000 New York COM
s34, 900 at u, $1,000 thirty days sight on
New York at q discount, and $l7 600 sixty
days sight at l3s.
Nothing was lone in New York gold
checks excepting $4,000 private bankers
at a per cent discount. A small business
was done by some of the banks for remit
tance at par.
The movement in Louisiana levee shares
continued to be the principal feature in the
stock market, the sales and resales reported
reaching 1850 shares. At the opening there
were sales at S14, but subsequently, under
a strong demand, the market advanced to
SIS %, one sale being reported as high as
SIS 50, after which it sold as low as Sl3,
and at the close small lots, say of about 30
shares, were offered at $l4, with Sl3 30 bid.
The sales included 100 shares at Sl3; 100.
$50 and $50 at $l4. 100 and 100 at Sl4 %;
50. 100 and $50 at $l4 so, 100 at $l4 Is; 100,
500 and 700 at SIS, 80 and 100 at SIS p, and
100 at SIS so. There were also sales of 200
shares Louisiana Lottery Company at =,
40 Pneumatic Propelling Company, new
stock, at 81; so do at 81 so, and Is Citizens
Bank at $50. Yesterday, in addition to
the sales reported, Is shares Bank of New
Orleans brought $50 IS, 10 do $40, and 30
Canal Bank SLY. Bank of New Orleans
was offered to-day at S39 30.
Nothing transpired in bonds or warrants.
State warrants are quoted nominal at 81 a
soc for large. and SIS a 66c for medium and
small; $1,000 city appropriation certificates
changed hands at S8l2c.
City treasury notes are n ominal.