New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-12
Monetary--Commercial.
MONETARY.
oFRTCE OF THE DAILY REPUBLICAN,
Moy0AY EVENING. November IL, 1877.

~ - -
OFFICE OF THB DAILY REPUBLICAN,
MONDAY EVENING. November IL, Io7Z' }
We note further receipts of currency from
New York. but without having any effect
in relaxing the stringency of the money
market. The demand for discounts at the
banks continues strong, and there is lttle
or no abatement in the acquisitions Tor cur
reDcy to send into the country. At the same
time the offerings on the street are more
liberal, and while we have no mateuul yarl-
alton in rates to notice, there appears 10 De
an indisDOeition or want OF resources 10
meet the demand There was good deal
of discussion with regard to the financial
effect of the Boston fire, and some appTe-
hension expressed that it would tighten the
market BY the demand for balances due at
the North, and more pressing applications
for prompt remittances. we continue
to quote frst-class paper at II e. cent
y annum; AL at Is, second grade at
l8; first-ciass mortgages at 10, and second
do at u. The most Of the commercial paper
negotiated continues to be at 3d. 90 and 80
days.
NEW ORLEANS CLEARING HOUSE.
Clesr1ngs. Balances;
November 9.............. 81 6O2 379 81 $I76l16 10
November ll.............. I,747231 s. 28l,5O2 SO
Thus far this week S., $40 G62 Il $457679 %
Same time last week...... 3,l20,905 "a 345 OlO IS
Total last week 387 % I2 5G5 10 5$o q g
Gold opened at 1884, a ia, against Has
and l13$4, at New York (the latter
dispatch was received few minutes after
the first) and after an active business closed
at 1885 a ia Tan advance OF Is a Ac)
against 1885 in that market: The sales
summed up ST. 500, including $4,000 l$l0O0,
$1,000 and $4,000 at 1884, $500 $4,000,
$4,000 and $30OO) at 1879. $4,000 $4,000,
AAOOO nd SSf100l n
ia. $4,000 $4,000, $4,000 and $4,000 at
1913, $40, 500 $4,000 $500, $4,000 and $4,000
at $ll3A, and $40 900 at HOLLIS.
The movement in sterling exchange was
more active, and under the influence OF dis
patches from New York rates were irregu-
lar and unsettled during the day, but closed
at an advance Of a y cent. The sales
amounted to G62 900, comprising t9O0O bill
of lading $4,000 and G6000) at 1908; $1,000
Al clear at 1905; $4,000 bill OF ladlng at
III; $4,000 Al clear at i21 iB; $4,000 do
$4,000 and fl0,O00) at 12lA; fl5.000 do at
i2I38; $4,000 American ships bill ltl00O and
ElOOO) at 1917; GlOO0 bank at l2212, and
fl500 do at -.
In accordance with the movement of cot
ton the sales of francs were more liberal,
and summed up 2,225,0 600, the largest
amount reported this season, and com,
prised $50, 600 commercial at 4,7212; IOO,UOU
1900 900 and 00000) at AT u 4.16A; 32o,-
BOO first class OPS, 900 and 200,000l at 475;
100000 Swiss 100000 and 200,0oO) at ayr
and $50, 900 commercial, frst-class and Swiss
at.
The sales of German marks include d
sc, 900 commercial at l.0612, and 22,OOO bank
at 1914.
AT the close sterling bills were quoted at
1903 a I2l for bill Of lading and Al clear,
and 1919 a 1925 for bank, and francs at
4.771a 0476A for private, and nominal to1
bank.
Domestic exchange was a shade weaker
than on Saturday. The offerings were lib
eral, and the sales covered $3IO,OCU, EN-
bracing $4,000 bank sight on New York
00O) at ~ U cent discount; $l87,OOO (S2O,OOl
commercial, $4,000 and S32 private
bankers, $4,000 private bankers and bank
and $4,000 bank at 75 $4,000 one days
sight at %, and $4,000 do at |.
The banks checked on New York at q
| y cent discount, and commercial sight ruled
| at p a 70.
In stocks we noticed sales Of Is shares
| Crescent City Slaughterhouse Company a
| Si4 81 II, 20O do at SIS l242, lOo do at =
| and Is New Orleans Mutual Insurance AS
sociation at -.
Nothing was reported in bonds.
The sales OF new State warrants included
$1,000 and $4,000 at 40. The demand wa
not as strong as on Saturday, but the mar
ket closed steady at the above
CITY appropriation certificates continued
unsettled, and at the close We're Quotet
| nominal at 81 O. for new, and % - 10
oId. The sales included $4,000 t$l00C
$4,000. $500, $1,000 and $4,000 at g., $l0O
At 6424, $1,000 at G5, $4,000 at 65&s, $1,000 a
6524, and $4,000, an outside lot, at 6614.