New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-09-08
monetary--CommerGial.
MONETARY.
OFFICE or THE DAILY REPUBLICAN,
SaTr-RD4Y EVENING. September 7. 1872.

OFFICE or TIKI DAILY REPUBLICAN,}
SATURDAY EVENING September 7, 1872. )
The money market continued 9uiet with
p fair demand for discounts in most OF the
banks, while in few the offerings were
more liberal, but readily met withOutlncOn
venience. We notice some demand for cur
gency to remit to the country, either Tor the
payment Of wages or the purchase Of cot
ton and for the same reason discounts have
been in more request. The business on the
street was moderate and without any trans
actions of sufficient magnitude or variation
in rates to render them worthy OF note,
We continue to quote first class paper
&C 9010 p cent y annum: Al at 10.
less desirable names not second grade
at III; second grade at II; first class mortO
gage 912 To- good to second grade do IL
0l2,
SEw ORLEANS CLEARING HOUSE.
ClearDgs. Balances.
September 89z sd 6:5 80 % St5t 81 % %
Sane tine last week 659827 % % 6 533 45 "
Total week wee before. 25 S. S8S 5s s.
we notice that ar John Dolhondn who
mas for many years been leading broker
in money and stocks, has been appointed
superintendent of the Crescent City SlaUgh-
terh0use Company. He has been 50 long
a habitue of Car0ndelet street that we
shall miss his earnest face in that busy
thoroughfare, but hope that in confnlng his
energies to the duties of his new appoint
ment he will find it more remunGratiye, az
though perhaps less exciting.
Gold opened at 1925 a 1928, against 1884
at New York, and, alter a moderate business,
closed at the opening rates, against liz ~
that market. The reported sales were con
fined to $27 300, embracing $500 $1,000
and $I300) at 1925; 5000 $1,000 $1,000,
$3.50 and $4,000 at 1928; $4,000 ut 1924
- nd %fDD0l
at Il27.
There were some operations in American
half dollars but the particulars We're
withheld. The market is quoted at l080
1909 for American hall-dOllar8, and 312 GR
= cent premium in gold for Mexican dol
lars.
The movement in sterling exchange was
moderate, and rates further declined "A =
cent. The sales included f25O0 bill of lad
ing at 1201a; $4,000 AL clear at 1904; $1,000
do at l2I ~ and $4,000 Al clear and bank
respectively at l2l Is and l2l13; making
total Of 9I2, 100.
Francs were dull, and ruled still more in
favor Of buyers. The reported sales com
prising $4,000 commercial at 4.75, and
$50 600 at 1864 a 4.75.
At the close sterling bills were quoted at
1901 q III for AL clear, and l2l3s a i22 for
bank, and francs at476A 04.75 for CONNER
cial, and nominal for bank.
Domestic exchange was quiet, and, though
weaker, was without any quotable falling
off i'll rates. The sales comprised only
$50 500, embracing $500 commercial sight
ON New York al "A T. cent discount; $4,000
private bankers at BIG discount; $4,000
bank at 3-I6, and $4,000 do at.
In stocks We noticed sales of five shares
Mutual National Bank at 49,; = Louisiana
Savings Bank at $88, and 80 New Orleans.
National Banking Association at $32 6212
The reported sales of bonds included
$4,000 old city consolidated at 1874; Sl7, 900
do at =; $4,000 old Louisiana State skies at
5344, and $4,000 do at 81; also, $4,000 gold
bond certificates at 60, and $4,000 do at
62lf The latter is the ruling rate.
The sales of warrants include $1,000 new
State at 1913.
City appropriation certificates we're quot
ed at the close at Ga. The sales included
$4,000 $4,000, $4,000, $4,000 ana $300ol at Go
and SI400 at STA