New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-14
Monetary--Commercial.
MONETARY.
OFFICE OF THR DAILY REPUBLICAN,
MONDAY EVENING March II, ISL.

MONETARY.
OFFICE OF TIKI DAILY REPuFLIcAN,l
MONDAY EVENING. March H. ISL.
The money market continues very easy,
with only a light demand for discounts,
either OF the street or at bank, and All album
dant supply of available capital We still
quote ga 10 " cent per annum for AL notes
with approved collaterals. lOqll for Al
business paper without collaterals, and ~
for good do; and a 10 for AL mortgage and
II a IL for second grade.
Gold opened at III u a las against II! a
at New York; and closed at Ill a ~ Y
against lllas). The business incinde o
$1,000 at III; $1,000 and 5000 at LII =; S2ooo;
$4,000, $4,000 and $4,000 at lllA: soov ana
Sl5. 600 at lllA Oils, and $4,000 at Ill ~.
In silver, a small amount $4,000 in American
halves was reported at los, and $ooo at loo'4
Operations in sterling exchange were OF
about the same extent as on Satnr.iay, oul
under the advance in gold, and IA stlffenlng
IN in domestic bills, the market ruled
l,ober The sales reached nearly 100000,
nf which f2OOO British ships bills at l2O12,
f1ooO hill of lading at l201a. $4,000 and
fi2 600 clear at 1909, 10000 at 1908 a 1909,
els 900 at I20a4 a III Is, fl0,0U bill Of lad
ing and clear at 1904 a III, fl3,0OO at 1908
ai2l, e350O AL bill of lading at 1898,
$1,000 at III, f2500 first-class and $4,000
iading and clear at l2l "a and f5OOO private
bankers ut l2las. We now quote 1903 a
III, and III Is for good to AL bill OF lading
and clear. and I2la4 for bank.
The offerings of domestic exchange were
less liberal, and with fair demand rates ruled
sitter. The banks drew on New York at
Is a a T. cent discount against 4 on Satur-
day), and we noted sales Of $4,000 private
bankers New York sight at a discount,
G,DS l. ~, to
bankers and $500 bank and bankers AT
9-32, $4,000 and $4,000 commercial and
$40, OOp, $40, 900 and $50, goo private bankers
at 5-l6 and $4,000, $4,000 and $4,000
commercial at 70.
We noticed Il very active movement in
SlaughterhOuse stock, excited by rImors of
a compromise with the Butchers Associa-
ton, and from $500 to 5000 shares changed
lands, mostly at from $40 to S32 so per
share. The transactions included 25 SO, 100.
900, 235, 800 and 400 at $50; 25, 100 and 100
at $3l; 425 at the same; l25 at $32, and
GOO at S32 80. Late on Saturday evening
several hundred shares sold at S2S0
30 The above figures show an advance
of Sc per share above the highest sale re-
ported on Saturday afternoon. NOtwith-
standing the rumOrs referred to, and the
active movement and advance in prices, the
secretary of the company informed us that
there had been no official action in the mat
ter, nor was he aware Of any informal agree
ment or understanding in relation to it, and
moreover, that he thought that the state
ments made on the street were mere
rumOrS.
There were sales to-day of IS shares Union
National Bank at $780, and 80 Bank of New
Orleans at Sill Sl2.
Some dealers reported buying rates for
new State warrants at 65, and for new
Metropolitan Police 81 L., and selling
at IS for the former, and 90 for the latter.
Dealers rates for city notes are II Y
cent discount buying and Is selling.