New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-14
etary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
TUESDAY EVENING. lime 10. 1871.

OFFICE OF THE DAILY REPUBLICAN, /
TUESDAY EVENING. June 10, 1871. s
We have no change to report in the
money market proper. The street rates
are still as per cent per arnum
for AL notes with unquestionable col
laterals; SOLO for good do; S0l0 for short
AL business paper without collaterals; IL q
Is for good and second grade do, and 10 a u
for AL long do. Mortgage notes rule at 9
a for Al, and 10 a p for second class.
Gold opened at ll2l4 01121a against ll2l4
at New York;, and closed at Il219 q 1924
against 1929. The market declined in
sympathy with Wall street, but not to the
same extent. being upheld by the scarcity
OF cash gold. The sub-treasurer offered to
sell at ll25s, but we did not hear of his hav-
ing sold. The business included $1,000
$4,000 and $4,000 at 1l2le; $4,000 and $4,000
at 1925; and $4,000 at 1924.
In silver $500 in American half dollars
changed hands at 1904, and - at l09le,
We quote 108a4 a 10912 for these, and 3k q
334 y cent premium in gold for Mexican
dollars.
Foreign exchange was unset tiled by the
falling off in gold and sterling bills at New
York, and rates declined "A 01e y cent
The movement was more animated, the
sales of sterling embracing f23, 800, includ-
of lading at 1875; 10000 AL clear and
private bankers at I23A $4,000 bank at
l24, and $4,000 at 1898 gold.
Operations in francs reached nearly 700,-
900, of which $50, 900 at -; $50, 900 AL COM
mercial at 4.66A, and 200,0 900 bank at Los.
Sterling may now be quoted at 1913 q 1874
for good to AL bill of lading and clear, and
l24 for bank.
Only a moderate business was reported
% h.,
rates. The bank remittance rate Tor sight
drafts on New York was "a per cent pre-
MUM. The offerings were small, and the
sales included $l0,900, $4,000 and $4,000
New York commercial sight at Is per cent
premium, $4,000 bank at BIG, and $4,000
sight on Boston, without grace, at -.
No round sales of New York gold checks
came within our notes. Some of the banks
still asked par for triling sums for remit
lance.
The stock market was very quiet In
fact. beyond few sales of 'tancies,"
nothing was done but a trifiing lot of State
National Bank and one of City Railroad
The following were reported: Ten shares
Pneumatic Propelling Company, new stock,
at S.; 100 Louisiana Levee at 81 IS; 9 City
Railroad at $H9; SO Orleans Railroad at
S8l, and State National Bank Some $50
shares of Pneumatic Propelling, new stock,
"ero Ieport1d aI inquiries Si 10 10 % 20 |
above the ruling rates.
We heard of nothing doing in bonds
The principal feature in the warrant mar
ket was the marked decline in new Metro |
eOlitan Police, OccasiOned by the anticipated |
refusal of the city authorities to receive
hem, even in part payment for taxes.
Four thousand dollars were sold at SO: $3.50 |
sl000 $500 and $4,000 at 931a. The trans
actions in State warrants embraced $4,000 |
1t ssh, and $4,000 at 5Sle a 81 l5. Dealers
,uying rates for State were "a a Sc for large
md 80 for small and selling, Sc a So for the
ormer and GO a 65 for the latter.
The last sale of city treasury notes re-
ported was at Is per cent discount.