New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-22
Monetary--Co Commercial.
MONETARY.
OFFlrE or THE DAILY REPUBLICAN.

OFFICE OF THE DAILY REPUBLICAN,
lIoypAY EVENING, October 81, 1872.
The better feeling mentioned on Saturday
continued to day, but the demand at the
banks for currency was still strong, Whlie
the offerings showed a slight falling oil.
At the same time there was more move
ment on the street, but with tendency to
rather easier rates, without any quotabIe
variation. The reduced rates of sight eX-
change on New York which allow cur
rency to be brought out without loss are
calculated to inspire more confidence. we
continue to quite frst-class paper at II
p cent e annum; Al at Is, second grade
at Is; first class mortgages at 10, and sec
ond do at IL. The most of the commercial
paper negotiated continues to be at 81, bU
and 80 DAYS.
NEW ORLEANS CLEARING HOUSE.
,,o & iGs5;ga e ~ 8 pa Bala 4ae s
october q. ............ l,747,tl 43 I82, 290 u
T,,,s "a, +,,+s zveek..... s3I0o256 q a959073 g.
Eane time last week.,... 2,8998It 70 39:, 223 q
INtal last week........... 956Zli9 y l26l 1913 90
Toal week before 9,52l,90l q l,l30873 80
God opened at 1874 II312, against II3
at New York, and, after an active Business,
closed az 1888 a 1885 Tan advance o. l8ct.
against r.3I8 in that market, when it
| touched DUNG the interim ll3A. The "a
| ported sales Amounted to $4,000, embracing
| $4,000 $4,000, $1,000 and $4,000 at 1l3; SO,
| 600 $4,000, $4,000 and $5000) at ll34; $4,000
| $4,000, $4,000 and $4,000 at ll319 $4,000 at
| il34 a 1885; $4,000 at ll348, and $4,000 at
| ll3a4. We heard also of some ether sales
| of considerable magnitude, the particulars
| of which were withheld.
Nothing was reported in silver. Ihs mar
| ket is now quoted at 100 al no for American
] half dollars, and as 2 scent premium in
| gold for Mexican dollars. ~.
Sterling exchange opened at Saturday
| closing rates, but, under the influence 0
| the course of the New York gold market
| subsequently advanced IL T cent, attel
which it softened and closed at the opening
rates The business was OF fair extent
/ comprising 300, and embracing &333Ot
bill of lading at l2114; el2, 900 bill OF ladin&
at l2l4 0I2I2s; 10000 bill Of Iading AND
Al clear at 1915 l2l4a: 1880 Al cleal
leI5OO and $4,000 at I2l II; $4,000 bill o
lading at l2l5s: $4,000 bill of lading anC
AL clear at l21I4 0l2l34; &l70O clear Al
-: $4,000 bank at 1927, and 5000 sight al
123l9.
The sales Of games summed up 0U0,U0u
embracing $4,000 commercial at 4.I64; ls9,
600 do at 1863 0475; 100000 do at 4.7538,
and 10000 at
At the close sterling bills were quoted at l2l
a 1915 for bill of lading and Al clear, and
T22 0l2214 for bank, and francs at All y q
4.76A for private and nominal for bank.
The market for domestic exchange opened
at Saturdays closing rates, but under the
influence Of the liberal offerings closed at
I-16 y cent declinein commercial. The sales
covered S282, 200, comprising $30,000 bank
sight on New York at q . cent discount;
$4,000 $50, 0OO, $4,000 and $4,000 cem-
mercial, $1,000 private bankers, and $4,000,
$4,000, S25, 600 and $4,000 bank at ZIG,
and 100000 hank and private bankers
at II.
The banks continued to check on New
Work at a y cent discount, but commercial
sight was quoted at 7-l60 y.
Nothing was reported in stocks OF bonds.
We did not hear Of a sale of warrants
City appropriation certificates closed at
68, with tendency to higher rates Che
sales included $1,000 at 68, and $500 iSL50J,
$1,000 and $4,000 at 6S12