New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-05
Total for three days. So, 568, 425 IS s472, SOS

~SA
! We heard fewer complaints to-day OF
| placing even second-class names. The offer
lngs at bank, moreover, were less liberal
and hardly up to the available resources
In fact, although there has at no time been
any actual stringeney in the market, it is
becoming sensibly still easier, and all an.
proved paper is on demand at the ruling
rates. Of the offerings at the banks, we
still notice an unusual proportion of long
paper. The range of the discount market
may be quoted at 9al0 cent per annum
IN hrst-class and AL paper, with or without
collateral; 1I0 II for less desirable names,
hardly to be classed as second grade; Ia0 Is
for second grade: 9Gl0 for frst-class mort
gage paper and l20 Is for second grade do.
a small amount of frst-class nine months
business paper was done to-day at 10.
We noticed among the negotiations to-
day loan of $4,000 on $25.0O0 HOustoh,
Chickasaw and Calhoun counties (Missis-
sippi) bonds, given by said counties to aid
the Vicksburg and Nashville railroad, the
special object being to extend it from OkO-
Iona to Grenada. By this connection con-
siderable amount of cotton which was
shipped overland to the Atlantic ports viii
be sent through New Orleans.
Gold opened at 1889 a 1898, against
Il4as at New York, and closed at 1885 a
1874, against ll45s in that market The
demand was moderate, but we noticed
considerable inquiry for the customhOuse.
The sales included S37 900 $4,000, $1,000,
$1,000, $4,000, $4,000, $10,0 900 and 100000 at
lI31a; $4,000 $4,000, $4,000 and SlO,000l
at 1875; $4,000 at lib l1-I6; $1,000 at 1884,
and $4,000 at 1879.
In silver we noticed sale $1,000 in Ameri-
can half-dOllars at 100. The market is still
quoted at 1080l09 for American half-dol-
lars. and 345 05k p cent premium in gold
for Mexican dollars.
The offerings of sterling exchange were
limited, and the sales were confined to
$4,000 AL clear $4,000 and 85000) at 1914,
el000 ships bill at l244b, $4,000 Al clear at
l243s, $4,000 bank (e2500 and f3500) at
l25A, and fl400 do at 1851.
Nothing reported in francs nor any in
German marks.
At the close sterling was quoted at 1914
a l245s for bill of lading and Al clear; and
francs at 4.6lA a AGO for private and Asia |
a Ass for bank, and German marks at q. |
The market for domestic exchange was
still easier, the banks generally checking |
on New York at "a p cent premium, but |
one Of them supplying the demand at par,
and sales outside varying from "a discount |
to par. The reported transactions covered |
$4,000, embracing $4,000 commercial |
sight on New York at "A y cent discount; /
$4,000 at 3-16; 1926, 900 1920, 900, $4,000, |
$40, 900, SIS, 900, $50 900, $4,000 and $780,
l00) at Is; $4,000 $4,000 and $5O,000j at /
lilo: $3.50 bank at par; $4,000 one days
sight at =; $4,000 thirty days sight at ] dis
count, and $4,000 sixty days sight $4,000
and $50, O00) at 2 p cent.
Nothing was reported in gold checks.
The sales of stocks included 10 shares
Hope Insurance Company at $67; do at
568; $50 Mechanics and Traders Bank at
~; Is st. Charles Street Railroad at ST.,
md CarrOllton Railroad at SLY So
Nothing transpired in bonds, nor were
here any sales of warrants.
In city appropriation certificates we no
ice sales of $1,000 at z04, $500 at 7042 and
1900 at 7017I.