New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-05
Monetary Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,, +,

1 OfFtCE Of THE DAILY REPUBLICAN,, \
/ THURSDAY BvKSINe, May 4, 1871.
We have still to report an exceedingly
easy money market. There is, however
very little capital available at our previous
inside figure, 6 v cent y annum for loans
on AL cOllaterals, which may be regarded
as exceptional, but otherwise the market is
unchanged We quote at as " cent y
annum for AL notes, with unquestion
able collaterals; 500 for good do; SO
10 for short AL business paper, without
| collaterals, and l20l8 for good and
second grade do, and 100 big for AL long do.
Mortgage notes rule at 9@10$ cent "
annum for AL, and Ii d IL for second grade.
| A round amount of AL long business paper
was done at 10.
Gold opened at Ill Oils against Ill Is
at New York;, and is now quoted at the
same. The sales include $2OOo, $4,000,
$4,000, $4,000 and $4,000 at Ills, and
$4,000 at Il1as.
Nothing of any moment transpired in sill
yer. 1t is quoted at l07l y q 1882 for Ameri-
can half dollars, and 2Is 83 v cent premi-
UNI IN gold for Mexican dollars.
| The business in foreign exchange, though
larger than yesterday, was still small and,
under the light offerings, rates were some
what harder The sales of sterling en-
braced f3S,000. including $4,000 bill OF
lading and clear at III Is a l2l7s; E2500 bill
of iading, and fl2,00O clear at III Il; Gl0, 900
bill of lading and clear at 1914 % I22; EGO
bill of lading at 12lB; $4,000 AL bill of
lading at 122, and $4,000 Al clear at 1221s.
In francs, 100000 AL commercial changed
hands al 4.771s.
Sterling may now be quoted at 1914 a l22
for AL bill of lading and clear, and 12212 O.
for bank
Domestic exchange was without any ma
terial variation. The banks supplied remit
tiers with sight drafts on New York at 80 "
cent premium, and we noticed sales of
$4,000 and $4,000 commercial New York
sight at "a premium, and $35, GOO private
bankers and $4,000, $4,000, $4,000 and
$50, 900 at 5-l6.
AS usual, only small business was re-
ported in stocks. The sales included so Bank
of New Orleans at $42, a very full price;
Mechanics and Agricultural Fair Associa-
ton at SIS; so Slaughterhouse at $34; 100
do at S34 SO; 100 Louisiana State Lottery, late
last evening;,at SIS; II do, early to-day, at
the same; $50 do at 81 so, marked ad-
vance, aud Mississippi and Mexican Gulf
Canal, with drainage privilege, at 1926;
$40 50 and $40 IS was bid for Louisiana
Levee stock, but we heard of no sales
Late yesterday, not reported, $4,000
jackson railroad first mortgage bonds and
5000 Jackson railroad second mortgage
bonds were sold on private terms.
There was some inquiry for city certif-
Gates and other of the floating debt for
conversion into bonds, but we heard of very
little offering, and those who did seem
inclined to sell asked above the views of
buyers.
One thousand dollars medium State war
rants sold at 5l24. Dealers bought State at
48052 for medium and large and So 60 for
small, and new Metropolitan Police at gu
098. and sold the former at 81 q So for large
and 62063 for small, and the latter at SO
q 9Sk.
Nothing reported in city notes.