New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-09

MONETARY.
oFHcE OF THB DAILY REPU BIlCAN. }

OFFICE OF THR DAILY REPC BLICAN.
SATURDAY EvRNIEe. June 8, 1872.
The principal features of the market last
week were even more salient to-day. The
offerings Of short paper at the banks were
limited, and much less than their available
resources, but those Of longer date-in most
cases too long to be acceptable-Were quite
liberal. On the street frst-class signatures
or paper secured by unquestionable collat-
erals, could be readily placed at figures
leaning uD to our inside quotations, but 1t
was difficult to negotiate second grade or
paper secured by any other than first class
cOlaterals. With regard to the latter there
seemed TO be rather unreasonable opposI-
ton to taking any city securities as c0llat-
erals even at an increased margin. There
are few more effective ways to paral we the
market for any securities than by excluding
them as collaterals. To-day operations IN
cluded SIS, 1000 AL commercial six months
at u y cent z annum, and a smaller
amount Of Al mortgage paper at TO-.
The range OF the discount market
may be quoted as follows: 90l0 y cent
per annum for frst-class and Al paper,
with or without collaterals; II II for less
desirable names. hardly to be classed as
second grade; -Ol0 for trst-class mort
gage paper, and Il0I2 and IS for second
class.
CLEARING HOUSE.
Clearings. Balances.
June ACKNOWLEDGEMENTS 81 3Z7g03 81 $2439JI l6
Same day ast weeE 69 2S6 % d d4553 ~ y
Gold opened at 1875 0ll39s, against
ia at New York, and, after ali unusually
limited business, closed at the opening
rates, against ll4l4 at New York. The sales
included $500 $500 and S2500) at 1874 ,
and $500 $500. $1,000 and S5000) at 1895
The market was extremely dull with no ap-
parent demand either from spectators or
for the Customhouse.
We heard Of no sales of silver. The
market is still quoted at los 0l08l5 and
100 for American half dollars, and 312 05l3
q cent premium gold for Mexican dollars
The offerings OF sterling exchange were
triaing, and the only sale reported 5000
Al clear at l244. Nothing TRANSFERRED in
francs.
At the close sterling was quoted at l24ls
a l24as for bill of ladmg and Al clear, and
I251s I25asc for bank, showing decline in
the latter of Is 3 cent. Francs were quoted
at the reduced rates of 4.6215 04.67 "A for
private and 4.57 l24 55 for bank.b the latter
nominal.
Domestic exchange exhibited mode
rate degree of animation without any ma
terial change in rates. Most of the banks
checked on New York at Is u cent pre-
MUM, but one of them supplied the de-
maud at par, and others asked 4 premium.
The reported movement covered $262 COO,
embracing $50, 900 commercial sight On New
York $4,000 and $20,000) at Is y cenU'dis-
count; $4,000 bank $4,000, $4,000 and
500, OO0) at l-l6; $1,000 $4,000 commercial,
600 bank and $4,000 bank and com
meTcial at l-32; $4,000 bank at par, and
$4,000 sixty days at ? y cent discount.
We have again to report extreme dullness
in the stock market The sales of 10 shares
Factors and Traders Insurance Company
at $8.; IS do yesterday at the same; re-
sold at $87 %; and 20 CarrOllton railroad
at SIlS25.
In warrants we noticed sales of $4,000
new State at 81 showing a further decline.
There was more movement in city apprO-
Driation certificates, the sales of which IN
cluded $500 at 70l4 $4,000 $4,000 and $4,000
at 70l2, and 5000 $4,000 and $30U0) at II.