New Orleans Republican., 1872-09-19
monetar Commercial,
MONETARY Y.
oFFsCK OF Tbs DAILY REPUBLICAN. !

MONETARY.
OFFfCK or THB DAILY REPUBLICAN,
"WEDNESDAY EVENING September l8. 1872. )
The money market continues to tighten,
but as vet without any quotable variation
in rates, though with increasing stringency
they may be expected to harden. The
banks accept most offerings of approved pa
per, but there IS stronger demand for dis
counts, in some cases beyond the resources
of the banks, whose deposit lines show not
only no improvement. but in some cases
further shrinkage. Transactions on the
street are mostly cenfned to first class pa
per. Second grade is offered more freely,
but is not very readily placed, even at our
quotations, unless accompanied by solid
c0llaterals. We continue to quote first
class paper at 90l0 y cent = annum;
Al at 10; less desirable names not second
grade at II, and second grade at l20l5:
first class mortgage notes at 919 0lO; good
to second grade do at II 0l2.
NEW ORLEANS CLEARING HOUSE.
s.+.s,, clsar7Pgs s5o 7P5 8 B9anees }99 5s2 e
septega5eT 9-, 2o8 o8 90 5G q 1921 }i4 % %
September lT.....o.s...... I,2G9839 58 l42,l2I O9
September 53.o....s....... l,l27OA So l84,35O p
Thus far this SAG 1o3 90 1865 877 g.
Same Time last week....o 4,443,t96 s. '5lO,5t9 4
Total last week...s... l288i4 81 1922 535 10 oS
1OltI week DbIOL5 4IO4.Lf0 O5 1oE.I0o 10
Gold opened at lI40II4A, against Il438
at New York, and after moderate bust
ness closed at the opening rates, against
Has in that market. The sales amounted to
only $4,000, including $4,000 $4,000, $4,000
and $4,000 at I'D, $4,000 ($l5O0, $500 and
SSO0O) at II414. $4,000 t$I0O0 $1,000 $4,000,
$1,000 and $4,000 at lI4a8, $4,000 $4,000 and
$2000) at ll443.
Nothing was reported in silver. The mar
l1ct is now quoted at l09 q ITO for American
halt-doliars, and 305 y cent premiums
gold, for Mexican dollars.
Sterling exchange was unsettled, and
quotations were nominal. Under the adj
vance in gold at New York, a corresponding
improvement might have been expected il
bills here, but the favorable influence of
the former was more than cOunterbaIanced
by the course of bills at New York, where
the Exchange market was denloraIized by
the comparative scarcity and active de-
mand for cash gold, which, OF course,
checked the demand. The sales comprised
GI8, l00 embracing f2500 bill of ladng at
1904: $1,000 Al clear at l2l; $4,000 bank at
l22; f600 do, for remittance, at l08 gold,
and 83000, the particulars Of which were
withheld.
The operations in francs were again of
considerable magnitude, covering 100000
embracing 100000 commercial at 47S34 and
OUU,UUU l%Uu;UGU anu 4Uu,puUJ no dL 4.IOt4,
At the close sterling bills were quoted
nominaIly at I2012 0l2l for bill Of lading
and Al clear, and a l22 for bank, and
francs at 47824 a 4.7712 for commercial, and
nominal for bank.
Domestic exchange continued weak, but
was without quotable variation in rates.
The sales comprised $2l5,000 sight on
New York, embracing $50 900 bank at SIG
y cent discount; 100000 do at Is; $4,000
commercial at s.; $4,000 bank $4,000,
$751; and t$35,000l at "a; and $80,00O do
at =.
The banks continued to check on New
York at ls discount 0par, and commercial
sight was quoted at IA a 0a8.
In stocks we noticed sales Of 80 shares
(25 and 81 Of Canal Bank at $lOl 50, re-
sale CT which was afterwards made at $l02;
10 Mutual National Bank at -; 25 Louis
lana Savings Bank and Safe Deposit Com
rany at $50 -; 25 Pneumatic PropelIng
Company at 50, and some Orleans Insur-
ance Company at .
The only sale reported in BONDS was $4,000
new city 10 p cents. with Octobeg coupon,
at 86
Nothing transpired In warrants except
$500 Metropolitan Police Of which S!5G0
at 60lA, and $1,000 at 81.
City appropriation certificates wereguoted
at the close at 90 a 6Io The sales Included
$1,000 at 60, and $500 at 6!o