New Orleans Republican., 1872-08-13
Monetary--Commercial.
MONETARY.
OFFtCE OF THB DAILY REPUBLICAN, !
MONDAY EVENING, August II, 1872. }

MONETARY.
OFFiCE OF THE DAILY RBPuBLICAE,}
MONDAY EVENING, August II, 1872. }
We have no material change to notice IN
the money market, which continues mani
mate in every department. With the usual
restricted line of deposits at this season OF
the year, the banks appear inclined to
strengthen their position for the opening OF
the new cotton year, but nevertheless ac-
cept most of the good business paper Of
fered The demand for discounts continues
fair. The outside market presents no
new feature. The demand is moderate
and the supply of money ample.
All good paper when accompanied
by sound, unquestiOnable cQuaterals Is
placed without much difficulty We
continue to quote hrst-class paper,
with sound cOllaterals, at -0lO y cent
p annum; IL a IL for less desirable names,
which can hardly be ciassed as second
grade; Pals for second grade; a 10 for
trst-class mortgages, and l20-for second
grade.
We notice among tO-days transactions
sale of $4,000 AL commercial three months
paper at 9 u cent y annum, and $500
GOOD at II. Also, $4,000 and $1,000 first
class mortgage paper at TO- Note brokers
have offered to take round amount of first
class commercial single name, at 10.
NEW ORLEANS CLEARING HOUSE.
.r,r,+ 70 GsaFl65gIio sss7a65 io Bias5i4 Ba5aRGes s.
august I2............,..s, 04Z,1zI ~ L094" 20
Thus far this week.......sI I43o187 81 $268 2g2 38
Same time last week. 6i7LG d La 83 3l3 993 So SO
Total last week. 5,O09i 10 70 5t5tlo "
Total week before. ........ 4.8l5,40I 09 923439 II
Gold opened at ll424 Oils, against 1855
at New York, and after an active business
closed at the opening rates, against ll512.
The sales covered S57, 900. including $1,000,
$4,000. $4,000, $2500, S25OO and $4,000 at
il424; $I7, 900 ($I5OO, $780, $4,000 and
$I2O0O) at Il4}4; $4,000 at ll478 o lis, and
$1,000 and $4,000 at us.
Nothing was reported in silver. We
now quote American half dollars at lO8
0109 and Mexican dollars 3la ASH y cent
premium in gold.
There were no sales reported in sterling
exchange, and the rates were without
quOtable variation
The only operation reported IN francs was
$4,000 at 4.65.
At the close sterling exchange was quoted
at I25 a 25l2 for AL clear, and 126 for bank,
and francs at 1860 4.62l2 for private, and
4G0 q 45834 for bank.
Domestic exchange was quiet but firmer.
The banks continued to check on New York
at 81 y cent premium, and commercial
sight was quoted at "a t. cent premium.
The reported sales were confined to $4,000
bank sight on New York, embracing (S6UUU
$4,000, $4,000, $4,000 and $l5,0OO) at a
u cent premium.
In stocks we notice a sale 81 shares New
Orleans National Banking Association at
$32 50. and = Ammonia Pr0pelling Com
pany at :.
There has been more inquiry within a
few days for city bonds, and we now report
$4,000 city seven per cents at -; $1,000
city five per cents (Waterwg0rks) at 50
$4,000 city ten per cents at sc, and $4,000
city gold fundable certificates at 6213 also
on Saturday, not before reported $4,000 to
$I5,0 city seven per cents at :; $4,000
even-thirty Improvement bonds, February
coupons, at CO.; $1,000 new city ten per cents
at =, and $4,000 new city seven per cents
at 6613.
The sales of warrants comprised $1,000
new State at 45, and S2500 do at 45lac.
In city appropriation certificates we no
ticed sales Of $500 at So, $1,000 at g. 063,
$500 $1,000, $500, $4,000 and $4,000 at 63la,
and $1,000 at 6334.