New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-16
Monetary--Commercial.
MONETARY.
OFFOR oP THE DAILY REPTBLICAN,
S4TrBpAY RvWETWe. lime IS. 1872,

OFFIOR 0P THE DAILY REPUBLICAN, /
! SATURDAY EvEEIEs. lune IS, 1872.
The offerings of short paper at the banks
continue limited, and, although the lines OF
deposits are gradually running down, yet
| all approved signatures of this description
are promptly accepted, but there is good
deal of long paper offered, intended to tide
the parties over the summer, most Of which
| is rejected No incOnsiderable portion Of
such paper is subsequently offered on the
street, where first class signatures, or notes
secured by unquestiOnable collaterals, can be
readily placed at rates leaning to our inside
! figures. First-class mortgages are still in re-
! quest but most of the offerings are not so
! regarded. Although the banks are usually
! inclined to strengthen their position at the
| present period IN preparation for the July
| dividends, yet they have abundant re-
sources for the line of paper they desire.
| The range of the discount market may be
quoted as follows: 912 a 10 p cent f annum
| for first-class and Al paper, with or with
out eollaterals; IL Al II for less desirable
names, hardly to be classed as second
grade: - a 10 for frst-elass mortgage paper,
and III IL and Is for second class. The
| negotiations today included $4,000, part
mortgage and part commercial, with cOllat-
erals, at 10 y cent p annum.
NEW ORLEANS CLEARING HOUSE.
Clearings Balances.
June 5OLsy36J 45 Glut.fEl -
Same day last week.. ,327 1903 81 243997 Is
Total last week......... 5,640l95 IS 1,lls,094 II
Total week befOre.....-... 56U9S96 80 $685. 81
Gold opened at 1l3 0lI3A, against II37s
at New York, and, after a limited bust
ness closed at 1929 1875, against the
opening rate at New York. The market
was devoid of animation, with very little
demand, either from speculation or for the
CustomhOuse. The sales included Sill, 500
($l500 and slO,000) at 1928; $4,000 at Il3;
$1,000 at 1875; $l7 900 at ll3ls ll3A, and
$4,000 (SI5O0, $500 and $4,000 at 1874.
The sales of silver include $500 in Ameri-
ean-balf dollars at 108k, $1,000 at 1881 and
$500 at l09. The market is still quoted at
Jos l0Sl3 and l09 for American half-dOllars,
and 3l2 0jlR u cent premium, gold, for
Mexican dollars.
The offerings of sterling we're again linn
tied, and the movement restricted accord
Ingly. The business included $4,000 Al
clear at l2415, $500 do at I245s, and $500
do and $500 American ships bill az l2434.
Nothing reported in francs.
At the close sterling was quoted at l2la
l2419 for bill of Iading and AL clear, and
l250l252s for bank, and francs at 4.63& a
1929 for private and 4.57 II a, Ass for bank.
German marks are quoted at q.
Domestic exchange was extremely quiet;
in fact, more inanimate than at any time
during the past week. The offerings were
anu llb bhlOB CDuuHGu 10 ClUsUUU
commercial sight on New York at Is u cent
discount, $4,000 $4,000 and $l8.000l at
LILO, and $4,000 $4,000 private bankers
and $4,000 and $4,000 bank at par. The |
banks continued to check on New York |
at x p cent premium. At the close private |
was quoted at l-32 discount to par.
There was rather more inquiry for stocks, |
the sales OF which included Is shares Car |
rolltOn railroad at Sll8; 50 Hibernia In
surance Company, $40 paid, at SIS; = Fac
tors and Traders Insurance Company at |
$88 so; and 200 Pneumatic Propelling Com
pany, and 100 Crescent City Gas Company,
at higher rates.
Nothing was reported in bonds, for which,
however, there was some inquiry.
the sales of warrants included $500 new
State at ssh.
In city appropriation certificates we no.
tice sales of $500 at 7lA; $lO9OO 1890,
$4,000 and $1,000 at liz, and $4,000 in retail
lots at y.