New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-17
Monetary--Commercial.
MONETARY.
OFFICE OF THR DAILY REPUBLICAN,
WEpEEsDAY EVENING, October 16. 1872.

OFFICE OF THB DAILY REPUBLICAN,
WEDNESDAY, EYBEIEG, October 16, 1872. }
We have no improvement to no.
flee in the money market, which, if any
thing is more stringent than yesterday.
The demand at the banks for discounts and
currency was as strong as at any time last
week. There was also fair business doing
on the street, which, in most transactions
of any magnitude, was at previous rates.
We continue TO quote frst-class paper at II
v cent y annum; AL at Is, second grade
at Is; frst-class mortgages at 10, and sec
ond do at IL. The most of the commercial
paper negotiated continues to be at ~, ~
and 80 days.
NEW ORLEANS CLEARING HOUSE.
October -. ST. So i85 70 SIS III s.
october 4.............. I,456,6I6 08 2I750o a
October l6.......... 1778,125'U7 273,547 Is
Same time last week.. 6,5I88I8 % no, 453 81
Total week before ....... 7469,2o9 81 958.365 81
Gold opened at 1925 q 1928, against 1928
at New York, and, after an active bust
ness, closed at 1923 Oils ian advance Of
15c), against the opening rate in that mar
ket where it touched in the interim 13l5.
The sales amounted to $84,600 embracing
SIT, 500 (Sl5OO, $4,000, $4,000 and 100000 at
1929; $500 at 1925; so, 500 $4,000, $1,000,
$4,000. $1,000 and $l0,00O) at ll3; $4,000 at
112M a 1875, and $27 900 $4,000, $4,000 and
$4,000 at 1874.
Nothing was reported in silver. The
market is now quoted at lO90 for
American half dollars, and 205 y cent
premium gold, for Mexican dollars.
The movement in sterling exchange was
more active, and under the New York dis
patches rates advanced 18 y cent The
Gales covered $50, $50, comprising $4,000
bill of lading at 1908 1908; $4,000 do
$4,000 and &l0,000l at 1905; 1880 do (fl5GO
and $4,000 at l2l; $4,000 Al clear at l2l Is;
$4,000 bill Of lading at l2l 012lA; G65O0 do
at I21A; &I8,4 (E3500 bill Of Iading, and
G450, 9l000, &l700, 9l8O0 and 10000 Al
clear) at I2l13; $4,000 bank for remittance
at 1924, and El000 sight at 1913.
The business in francs showed consider
able activity, the sales summing up 100000
comprising l,l65,000 commercial 100000,
$4,000, $50 900, 200,0 600 and 700000) at4.71b;
100000 do at 4.76; 100000 on Belgium at
472, and some other small amounts.
At the close sterling bills were quoted at
1908 0l2lA for bill of lading and Al clear,
and -0l22 for bank, and francs at 4.7712 q
4.76A for private and nominal for bank.
Domestic exchange was weaker, and the
offerings were more liberal. The sales COM
prised 1897 ,000 embracing $l07 900 sight on
New York ($l2,0 900 commercial, $4,000 pri-
yate bankers and $50, 000 and SoO,OOO BANK
at II p cent discount; $4,000 lS2O,O0C
private bankers and bank, and $l5,CO0
$4,000, $4,000 and $100,000) at 7-l6, and
$25, 900 private bankers at 4; also, $4,000
on Providence at %.
The banks checked on New York at "A p
cent discount, and commercial sight was
quoted at 1850 y u cent discount.
In stocks we noticed sales of 10 shares |
New Orleans National Banking Association |
at $32 50, 100 Sugar Shed Company. at SI7, |
100 Louisiana Levee (preferredl at 81 371s,
and 300 Union Consolidated Mining Com
pany of Tennessee at 50 50.
The sales of bonds included $4,000 old |
State bonds, November coupons, at Sc. We |
also heard of some other sales, but did not |
obtain the particulars.
Nothing was reported in warrants.
City appropriation certificates were still |
quoted at 684a. The sales were Of liberal
9xtent, amounting to $30,8OO, embracing
s2I 900 at 68as; $4,000 $1,000 and $4,000 |
1t at 681a; $4,000 at 6858; !, $1,000 ($l800 and
S2OOO) aS6824, and $1,000 at So.