New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-07
Commercial
MONETARY.
OFFICE OF THE DAILY REPUBLICA.
sArrEnAv ErR.Er.rls Irllr & Ia1l


OFFICE OF THR DAILY REPU BLICAN.l
SATURDAY EvKSISs July 6, 1917. !
/ The money market is still reported to be
| quiet and easy, but we notice stronger de-
mand for discounts at several OF the banks.
| All offerings of approved paper, if not at too
long date, are, however, readily accepted,
and thus far the gradual narrowing OF the
margin line of discounts has had but little
apparent influence. Long papek is only ex-
| eeptionally taken in bank, but is placed
without much difficulty on the street,
especially when accompanied by satisfae-
tory eollaterals. We continue I'd quote first
class paper, with sound eollateraAs, at a 10
v cent p annum; HAP for lebs desirable
names, which can hardly be ciassed as
second grade; l20I5 for second grade;
-0l0 for first-class mortgages, ana y Is
for second grade. The negotiations to-day
include $4,000 Al and first-class at 10 and
lfl2 p cent p annum, 5000 former at u and
5000 frst-class mortgage at 10.
The st. Charles street railroad has de-
clared dividend of 3 Y cent, payable to
the shareholders on the ninth instant.
NEW ORLEANS CLEARING HOUSE.
me Gl Ell -5s j, I Bala q. s,
Same day last week.. 923,953 III l89442 66
Total last week 1891 335 ~ iO4O956 II
Total week before..,...... 5,33746l Up 908,520 20
Gold opened at 1923 0I13ls, against 1895
at New York, and after a fair business
closed at the opening rates in both markets.
$4,000, $1,000, $1,000 and S60O0) at Il2M;-
$1,000 at. 1924 :; $4,000 $4,000, $1,000,
$4,000 and $l0,000) at 1l3, and $4,000
$4,000, $1,000, $1,000, $3000 $4,000, $4,000,
$1,000, $4,000 and I0,000l at II3A.
The sales of silver included $3.50 in
American half dollars at l0734 and $500
at 1882. The market is now quoted at
a E02lh for no JstfI Il
81 054R v cent premium, gold, for Next
can dollars.
There was little done in sterling exchange,
the only sales reported being ESQ bin of
lading at 1241s; e 900 al clear at I2414; 5000
do at l24Ib; $1,000 bank at l25, and 1880
do at I25A.
Sterling was quoted at the close, at I24
0l242s for bill of lading and Al clear, and
I2j a 1854 for bank, and francs at 462l3 q
4.6l4 for private. and 4.60045745 for |
bank
Domestic exchange was steady, with |
moderate offerings and about the usual re-
mittance demand. The reported movement |
covered 1872, 000 embracing Sll 600 COM |
mercial sight on New York at Is premium: |
a, and $4,000 bank (s35,00O $4,000 and I
$50, 000) at 932. The banks continued to /
check on New York at IS y cent premium,
and commercial was quoted at 3l60 "a pre-
MUM.
The stock market continued dull, and the
only sales reported were 600 shares ordi-
nary Levee, in two amounts of 300, at |
81 1871; 80 st. Charles Street railroad, ex-
at 81; 500 Red River Raft Com
pany on private terms, and 100 Pneumatic
Company at So 9.
No transactions in bonds were reported,
The sales of warrants included $1,000 new 4
State at As; $500 do at 81. and $4,000 Metro
politan Police at II.
There was some demand for city appro-
Driation certificates, and the sales included
! small lot at 1912: $4,000 at 7034 $500 $500
and $4,000 at II; $1,000 at 7lA, and $1,000 at
III. Yesterday, in addition to the amount
reported, $4,000 sold at II and $4,000 at 70B.