New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-12
monetary--Commercial.
MONETARY
OFFiGE OF THE DAILY REPUBLICAN,.
FRInAY EVENING. October 10 1872.

MOREIAHXs
OFFICE or THE DAILY REPUBLICAN, !
| FRIDAY EVENING, October 10, 1872. }
| We have no Improvement to notice in the
money market. The demand at the banks
| for currency and discounts continues strong,
and the offerings on the street are of in
creased extent, while most of the transac-
| lions reported are at yesterdays outside
| rates, and require further revision of our
| quotatio Paper which could have been
readily placed at 10 p cent can not now be
negotiated under H. Even AL has been
| done at Is, and second class at l5018.
| 1t is confidently anticipated, however, that
| the stringency will disappear much sooner
| than'last year, for reasons already stated.
| We quote: First-class paper at II y
cent y annuln; Al at Is, second grade
| at Is: frst-class mortgages at TO- and
81 cond do at IL. The most of the CONNER
cial paper negotiated continues to be at 30,
60 and 80 days.
NEW ORLEANS CLEARING HOUSE.
october fl IS i: :. B5ln IS s.
ostoPsr i94g78 & f8 2567 = z
0 0s5SSsF2 ;s5G5s 30 g i4s g
October il....o.........o I,6O8,323 st 226,O88 So
Total this week B952I sol 80 ST. 1870 1913 90
Total week before .......o 6.49l 275 So 839786 40
Gold opened atll2aS q 1929, against 1929
at New York, and, after moderate bust
ness, closed at Il2% a ll3 ian advance Of
Acla against 1928 0Il3 at New York;
The sales amounted to So, 500, including
$4,000 at Il212; $4,000 $4,000, $4,000, $4,000.
$4,000 $4,000 and $l0,000j at 1924; $4,000
$4,000 and 100000 at dl2Bo and $500
$4,000 and $650O} at ll3.
Nothing was reported IN silver except a
small sum in American half dollars at 1922.
The markell is now quoted at 1903 q ITO for
American half dollars, and 2@5 = cent
premium gold, for Mexican dolIarso
The movement in sterling exchange was
again unusually active, and rates advanced
n y cent in private and about a "A in banko
The sales comprised E86000p embracing
$4,000 NINETY days. at I204o G3500 bill OF
lading at 1909, 9l500 do at f2O78, El500
AL clear at 12l, $4,000 $4,000 Al clear and
$4,000 bill Of lading and AL clear at k2l Is
E37 500 commercial and bank at l2l 49,
Ell 900 bill of lading at 1910 %, 10000
do at l2lA a 1918; $4,000 bill Of lading
and Al clear at d2l 0I2I 10 and 5000 al ;
clear at 1913
The operations in francs were Of CON
siderable extent, embracing over 100000,
including $50, 900 commercial at 479$4 04SO,
$780, 900 do, 200, 600 bank 100000 and l00,000)
at AIS, SO, 900 on Switzerland at 4.7334o and
some small amounts on private terms.
At the close sterling bills were quoted at
1918 0l2I58 for bill Of lading and Al clear,
and -0122A for bank, and francs at 4.800
1888 for private, and AIS for bank.
Domestic exchange was weaker. Bhe
sales covered $267, 500 sight Sn New York.
embracing $500 commercial at 5ol6 y cent
discount, 100000 t$25, 900, $35, 900 CONNER.
cial, 900 commercials and bank, .$l5,0O0 |
and $4,000 private bankers, and $4,000, |
$25 OOO, $35, 600 and $4,000 bank at u,
$500 private bankers at 1872, and $4,000 |
($5000 bank and $4,000 private bankers'l at |
$40.
The banks continued to check on New |
York at par but commercial sight was |
quoted a 4 y cent discount.
In stocks we noticed sales of % shares |
Hibernia Bank at SILT, do at =, Is do at |
SLY SO these last two lots were probably |
resales OF the former), 10 Ammonia Pro
pelling Company at So so, and New Or |
leans Mutual Insurance Company at =.
Nothing was reported in bonds.
The only sale reported in warrants was
$4,000 new State at 40.
City appropriation certificates closed at
81 1a a 50. The market was active and the
sales amounted to $4,000, including $500 |
at 66, $500 $4,000 and $l80Ol at 66l3, $500
at e., $4,000 $4,000, $4,000 and $5000) at
e. Is, $1,000 at 6724, $4,000 mixed appropr-
ations and Metropolitans at ~ 42~068, $1,000
appropriation certificates at 68, and $1,000
at 68A.
We quote as follows;