New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-27
Monetary--Commeroial.
MONETARY.
OFFICE or THB DAILY REPUBLICAN.
SATURDAY EVENING, October %. lS72.

OFFICE OF THg DAILY REPUBLICAN,
SATURDAY EVEEIEG. October 70. 1877. }
The recent receipts of currency from New
York have exceeded demand, although the
| latter has continued strong, and have I'M
nsrted a better feeling to the money market.
The offerings at the banks and on the street
at the same time are still of liberal extent,
and rates in the latter are without variation.
We continue to quote frst-olass paper at II
~ cent y annuln Al at Is, second grade
at Is; first-class mortgages at 10, and sec
ond do at II. The most of the commercial
paper negotiated continues to be at 81, 6o
and 80 days. Among today's transactions
we noticed a sale of $4,000 AL commercial
paper at "A II cent per month.
NEW ORLEANS CLEARING HOUSE.
October 26. 81 4o7 6o7 Sc $3i40i5 IS
same time LAST week.. >52, 49S y 10 o$3 81
Total week before....... 9456,II4 81 1851 t83 90
Gold opened at 1884 0II4A, against 1874
at New York, but under the influence Of
the government sale at twelve NJ, rates
declined 12c. After the bids and sales
were known, the market rallied, and closed
at the opening rates Of 1874 0ll4A tan ad-
vance Of u from the lowest point against
1873 at New York.
At the sale referred to the bids we're as
follows: E. Blessey, $500 at 1894; Moor,
Janney & Hyams, $4,000 at Ii258, $4,000
at Il3 and $4,000 at 1871; Halsey IL Co.
&25. 600 at 1874; Townsend & Lyman, $50
900 at Il3A: J. L. & E. L, Levy, $4,000 at
1888; j. Newman, $4,000 at 1899. Mr..
Blessey's bid was accepted, and all the rest
rejected.
summed up $l53, 500, embracing $4,000
$4,000 and $40 OOO) at ll3A; $1,000 at lI39s;
500 900 at 1885, a Il334; $500 $4,000, $4,000
and $350O) at 1889; $4,000 $4,000 and
$50, OO0) at lI3a4 0I14; $4,000 at lib GIG,
and SIS, 800 $4,000, $4,000, $4,000. $500 and
100000 at ia
Nothing was reported in silver. The
market IS now quoted at lO9 CLIO for
American half dollars, and 205 y cent pre-
MUM in gold for Mexican dollars.
The movement in sterling exchange was
of moderate extent, and under the influence
of New York dispatches rates advanced 4
" cent The sales comprised about E4l 900,
embracing $500 bill of lading at 2la8;
ESQ $4,000 bill Of lading andtlO,0OO Al
clear at I2l y: $4,000 bill Of lading and Al
clear at I2Il9 l2I "a; $500 Al clear at 1875;
| 10000 lGI00O bill Of lading and 10000 Al
rIearl at 1919: $4,000 first class at 1918
EJ4O0 bank at l22, and $1,000 do at l2212.
The sales Of francs amounted to $4,000,
embracing 100000 French 100000 and AGO.
OOO) at 476A, and 0O,000,OOO Swiss at
| 47IA
Al Ulb C1O66 5ltlIlllS DAil5 WHO u - 'Fo
I2lA 0I2la4 for bill Of lading and Al clear,
and 1924 012212 for bank, and francs at
| 47713 04.76l4 for private and nominal ioF
bank.
The offerings of domestic exchange were
of liberal extent, and rates were without
quotable variation. The sales covered
1871. 600. embracing $40, 600 private bankers
at SIG 4g cent discount; $4,000 ($22,000
private bankers and banks, and $4,000
and $4,000 bank at ZIG; 5000 bank at
1860 H; $2l5, 1000 1886, 900 commercial, $lO,-
600 private bankers, and $4,000, S35, 600,
$500 and S65, 0O0) at h; and $4,000 CONE
mercal sight in Providence al IS.
The banks continued to check on New
York at 4 y cent discount, and commercial
sight was quoted at 7-l60 II.
In stocks we heard of a sale of 80 shares
Mutual National Bank at -.
The sales Of warrants included $1,000 new
State at 3d. and $500 at 3812
Nothing was reported in bonds.
City appropriation certificates opened at
66Ia a 81 u, decline Of about y cent, but
under the influence of a moderately active
demand, slightly advanced above the open
ing rates. and closed at 68a69. The sales
summed up over $2l 900, embracing $4,000
at G714 a 68la. $4,000 at 68, $1,000. $4,000,
$1,000, $1,000 and $4,000 at 68A, $1,000 at
6S3s, and $500 t$150O and $4,000! at 69ldo