New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-22
netary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPCBLlrAN,
TUESDAY EvHNISG. March y. 1871.

OFFICE OF THE DAILY kEPtB N,
TUESDAY EVENING. March y. l5.l
Nothing has transpired to indicate any
chance in the money market. The supply
of loanable funds is still more than ample
for the wants Of Al borrowers, and street
NAV still be quoted nominal at = q 10 T. cent
per annum for Al notes secured by M
questionable collaterals. l0all for short
and r. for long Al business paper without
cullaterals, also ID for good do, ga ~
for Al mortgage paper, and III u l2tor second
grade.
Gold opened at Ill al III: iagalnst Illi4
at New York;, and closed, after I; small
business. at the opening rates. The sales
included $1,000, $4,000 and SlS,Ono at III;
5000 at HIS, and $4,000 and 100000 ut
III i.
The market is poorly supplied with sill
yer. but il appears to be very little III re
quest, and we hear of only occasional
small sales. A lot of about 500 American
halves changed hands at l0Sll. We quote:
los 1851 for American half dollars, and
~ Il 9's t. cent premium i'll gold for MeXi-
can dollars.
\ fair business WAS reported in fore On
exchange, at sitter rates. the market ad
vancing by the close Il l. cent. The sales
of sterling embraced tlO2.0M, including
$1,000 bill of lading at l205s. 1880 at l20a.
$1,000. $4,000 and 10000 Al clear and tl0.-
600 Al bill of lading at l2l. t200G AL clear
and tl3UOO A bill of lading at III i. III :
600 Al bill of lading and 100000 AL bill of
lading and clear at III a I2l3s. 900 Al
bill OF lading and clear at l2I Il III L.. tMOo
Al clear and $1,000 Al bill of lading at
I2las, and t}O0o Al clear at l2ll2. Ster-
ling may now be quoted AT l2o3. a III /. for
good TO Al bill OF lading and clear and
l2l3s d for bank.
Domestic exchange opened with moderate
offerings and very good demand ana
early in the dav several of the banks find
ing they could not purchase commercial
bills unless at an advance. put up their rate
from i per cent discount to par, which was
subsequently, done by all the rest. This
Improvement had the effect of increasing
the offerings considerable and We noticed
sales Of so. 600. $4,000, $4,000 and sl3o, 900
private bankers sight on New York 1T l-l6
per cent discount $4,000. S2j,Oo0. $4,000
and S6J,OOO private bankers at :: S2OOOO.
$4,000 and 5000 at 3d.. so, 600 private
bankers and $4,000 and 100000 bank at
.)-}2. and Sl7 900 commercial and $4,000
private bankers at BIO.
There was again "A fair degree of activity
in the stock market. but. is before. the
movement was chiefly in "iancies." Opera
tions included ). , and > shares MlsSis-
sipp and Mexican Gulf Canal ut $3.50. 100
St. Charles street railroad at 81, 100 Land
Loan and Savings Association at : -. 200
do. at : so. 100 at 81 50 400 Crescent City
Waterwolks fat 81 SOa2, 100 at 81 90,
and 100, 100. 200 and 800 at s. lin all l2oo).
loo Mechanics and Traders Bank at 30 oo.
and 100 Crescent City Slaughterhouse at
sal so, 100 do at S44 IS, 100 do at S4i Sly. %.
loo and 100 do at SO, and 2l5 Southeastern
railroad at 81 IS.
The only sale of warrants reported is
$1,000 new State at u. Dealers reported
buying rates for new Metropolitan Police
at ~ l., and selling at IS gSl4.
City treasury notes were i'll request tor
funding int" fiscal agency certificates, but
the offerings consisted only of tritiing sums.
discount