New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-13
Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,, I
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OFFICE or THB DAILY REPUBLICAN
sAruRDAY EVENING. october H. 1872.
We have no improvement to notice in the
money market, nor any further variation in
rates. The demand at the banks for cur
rency and discounts continues quite as
strong as at any time during the week. The
offerings on the street show no diminutiOn,
but many Of these are withdrawn in cOnse-
quence of the parties being unwilling to
pay the advance in rates, showing that the
demand is not as pressing as it would APP
pear from the figures asked. The business
to day has nevertheless been of fair extent,
and we continue to quote first-olass paper
at - p cent p annum; AL at IS, second
grade at Is; first class mortgages at III, and
second do at y. The most of the CONNER
cial paper negotiated continues to be at ~
80 and 80 DAYS.
NEW ORLEANS CLEARING HOUSE.
october u. ...........$ 81 352 lg7 10 sire 721 80
Same time last week.. 4g2 432 q 1872 19 So
Total last g9s 800 o. a5a fS %
Gold opened at 1879 a 1923, against 1929
at New York, and, after limited bust
ness, closed at 1925 01f278, against 1928
in that market. The sales were confined to
$38, O00 and embraced $1,000 $4,000, $4,000
and $4,000 at 1929; $4,000 $4,000 and
$lO,000) at 1925, and $1,000 $4,000 and
$5000) at 1924. The movement was ma
terialIy checked by it's being Hebrew holl-
'sdav.
Nothing was reported in silver. The
market ia now quoted at l09 clio for
American half dollars, and 205 q cent
premium gold, for Mexican dollars.
The movement in sterling exchange was
active, but rates declined Is y cent for
private and IA for bank. The sales amount
ed to G85,500, embracing $1,000 AL clear at
l2l, $4,000 $4,000 bill OF lading, $4,000 Al
clear and $4,000 bank at l2l, 10000
AL clear at l2lA, Ell 900 (tlOOG bill
Of lading and ElO,00O bill of lading
and Al clear at l2lB 0l2la8, GI2, 800
fE35O0 AL clear and $4,000 bill of lading) at
i2Ia8, EI2,000 bill of lading and Al clear at
1915 '0I2ll2, $1,000 AL clear $4,000 and
G40O0) at l2l13, and $4,000 bill of lading
and AL clear at 1918 a l2i 58.
The movement in francs was Of con.
siderable extent, summing up ,H5,00O, and
embracing 100000 10000 and 100000 com
mereiaD at 4.77IS. rs 600 10000, $4,000,
100000 and 30O,0OO) at 4.7712 a476A, and
100000 on Switzerland at 4.7215.
At the close sterling bills were quoted at
I21 0I2l12 for bill of lading and AL clear,
and 800 for bank, and francs at Az p a.
476&4 for commercial and nominal for bank.
The offerings in domestic exchange we're
liberal, and rates we're considerably weaker
The sales covered 100000 sight on New
York, including $l8O,OOO $4,000 private
bankers, and $4,000, $4,000, $4,000,
$4,000, SIS, OO0, $4,000 and $4,000 bank,
$4,000 bank at 9-32, and $4,000 private
bankers at "a. We heard of some sales at
g, but did not obtain the particulars. The
banks checked at par, except one which
met the demand at a discount. Com
mercial sight was quoted at Is @5l6 v cent
discount.
Nothing was reported in stocks, except
sale Yesterday of : shares of New Orleans
City Railroad Company $l78.
We did not hear Of transaction In bonds
or warrants.
City appropriation certificates were
Quoted at the close at 68 a 6812. The sales
amounted to S2O,5O0 including $4,000 at
6713, $500 at So, $1,000 at 68, and $1,000 at
50.