New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-16
Monetary Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN.
I.r-rsnAv FrEHIHa. October Is, 1872.

MONETARY
OFFICE or The DAILY REPUBLICAN,
TUESDAY EVENING. October IS 1872
We have nc marked improvement to no
tice In the money market, but IT appears TO
he less stringent, which may be owing to
Che heavy sales of cotton. The demand for
currency and discounts, nevertheless, con-
| tinues strong, and the offerings at most of
the banks are still in excess of their avail
able resources. The movement on the
street to-day exhibited but little animation,
and the transactions were of moderate ex-
tent. A good proportion of. the offerings
was Withdrawn in consequence of the par
ties being unwilling to pay the recent adj
vance in rates, showing that their necessi-
ties are less pressing than might be inferred
from the quoted rates. We have no varia-
ton in rates to notice, and continue to quote
tirst-class paper at II % cent y annum: AL
at Is, second grade at Is; first class mort
cages at 10, and second do at II. The most
of the commercial paper negotiated con
tinues to be at 80, 60 and 80 days.
NEW ORLEANS CLEARING HOUSE.
october - 81 S. i97 70 i75s 81 s.
0 StSbeT i zS5 Sls ea 2 f5 599 q q
Thus far this week .......s4 5l8 a62 "a 8550o59 46
Same time last week.. 4,948,564 OF 543416 So
Total week before ... 1886 81 s58565 81
Gold opened at 1925 0Il2a4, against 1925
at New York, and, after moderate bust
ness, including good demand for the Gus
tomhouse, closed at 1925 a 1929 ian ad.
vance of 16c) against 1924 in New York
The sales amounted to $54,500, embracing
$4,000 $4,000 and $4,000 at 1928; $4,000 at
1925; $13,800 $4,000, $500, $4,000, $4,000
and $5000) at 1929; 5000 at 1925 0I1234;
$4,000 $500 and S50OOj at 1928, and SILL,
600 at 113.
Nothing was reported in silver. The
market is now quoted at l090ll0 for
American half dollars, and 205 p cent
premium gold, for Mexican dollars.
The movement in sterling exchange was
of fair extent, and rates declined 1s y cent
Under the influence of New York advices.
The sales comprised 100000, embracing
$4,000 bill Of lading at l20A; 850O0 do at
1903; $4,000 bill of lading and AL clear at
1904 a l2I, G18,500 (Gl500 and Ell 900 bill
of lading, $4,000 and $4,000 AL clear at l2l;
Gl500 Al clear at 1914; $1,000 bank at
1211a, and $4,000 do at =.
The sales of francs were Of considerable
bracing $4,000 commercial u.s. 00 5000,
$4,000 and 40OO0O) at 477l9, and CSC, 0O0
100000 and 50O,OO0) at 4.76A.
At the close sterling bills were quoted at
1905 a I2l Is for bill of lading and AL clear
and -0l22 for bank, and francs at 47741 a
476A for private and nominal for bank.
The offerings Of domestic exchange were
of liberal extent, and rates were unsettled.
The sales covered $375,000 embracing
$4,000 commercial sight on New York at g-l6 |
y cent discount $4,000 $4,000 CONNER
cial, $4,000 private bankers, and $4,000, !
$4,000 and $4,000 bank, at Il; $4,000 |
($6G00 commercial and $4,000 and $50, 600 |
bank at ZIG; 100000 $4,000 private
bankers. $4,000 private bankers and |
bank, and $4,000, 100000, $4,000 and |
$4,000 bank at IS, and $4,000 private |
bankers and bank at q a II; also, $4,000 |
on st. Louis at ! y cent discount, and |
$4,000 45 days on New York at 3.
The banks checked on New York at Is a
"a y cent discount, and commercial sight |
was quoted at p a % p cent discount.
In gold checks we noticed a sale of $l5,-
600 at % y cent discount
The only sale reported in stocks was
shares Hibernia Bank al Sis.
The sales of bonds included $1,000 new
city ten per cents at 80.
Nothing was reported in warrants, ex-
cept $500 new State at 30.
At the close city appropriation certif-
Gates Were quoted at 6815. The sales in
cIuded $4,000 at So; $4,000 at 68as; $4,000
$4,000, $500 and $4,000 at 6812; $500 $4,000
and $25O0) at 6838, and $3500 at 6824.