New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-11

MONErARY.
oYPIoE or THE DAILY REPUBLICAN,.
49,. --a---.-..--- Inn IA 100

MONDAY EvKEINs. June TO- 1872
The money market continued quiet to-
| day The offerings Of short paper at the
/ banks were limited. On the street hrst-ctass
| signatures or paper secured By unQuestlon-
/ able collaterals could be readily placed at
rates leaning to our inside quotations, but
1 it was more difficult to negotiate second
/ grade or paper secured by any other than
! unexceptionable collaterals. There is eome
/ demand for tirst-class mortgages. To-day
| operations included $4,000 commercial at
| u d cent ~ annum, and $4,000 mortgage
! at no. The range of the discount market
may be quoted as follows: 500 Il cent
! per annum for frstelass and Al paper,
\ with or without c0llaterals; IL 0l2 for less
desirable names, hardly to be classed as
second grade; ale for first-elass mort
gage paper, and IL 0I2 and Is for second
class.
NEW ORLEANS CLEARING HOUSE.
clearinge, Balancas.
June ..............,...1 ,s27 1903 81 @2439g7 Is
June To-, l.o7o,6ss 76 l7osss o.
Total. So 1893 4s7 SO s4I4,3 56 81
Same time last week ] 398, 753 81 276,769 30
Total last week ....... 5,6O9,s96 SO 933,72S 81
We notice that at meeting Of the direc-
tors of the Metropolitan Loan, Savings and
Pledge Bank on the eighth instant, a divi-
dend of s. " cent was declared to the credit
of the stockholders out of the net profits Of
the previous six months.
Gold opened at ll3ls 0ll33s, against
II4as at New York, and, after a light bust
ness, closed at 1874 01l3l9, against lI4A
at New York The sales included $1,000 at
1875; $4,000 at l13l4; $500 at 1855. and
S23, 600 $4,000, $2500, $4,000, $4,000, $500,
and $4,000 at 1919. From the above it
will be seen that II3ls was the ruling rate.
The market was inanimate, with very little
demand either from spectators or for the
CustOmhouse.
The only sale of silver reported was $500
in American halfdollars at 100. The mar
ket is still quoted at l0S a I0Sl2 and 100 for
American half-dollars, and 3Iz 05l3 d cent
premium, gold, for Mexican dollars.
The offerings of sterling exchange were
moderate, but more liberal than on Satur-
day, and under the course of gold and bills
at New York rates advanced fully IS T.
cent The reported movement covered
922. 200, embracing 9150O bill Of lading at
I24A; &l200 Al clear at 1914; $1,000 do at
I24ss; 5000 bank at l24s4; $4,000 do at
1851, and 9S000 do at =. Offers of l25
were refused by the banks.
The sales of francs embraced 100000, of
which 100 900 at 1914, and 100000 at 400.
At the close sterling was quoted at lg4A
0l24ss for bill of lading and AL clear, and
1854 0l25l5 for bank; and francs at 4.6l4
04.60 for commercial, and 4.57 Y a 4.55 for
bank the latter nominal.
Domestic exchange exhibited only a
moderate degree Of animation and rates
were steady. The reported movement Gov 4
cred only $ls5, 500 embracing $I02,500
commercial sight on New York $4,000,
$4,000, $24 500 and $50000) at Is p cent
discount; $4,000 do $50, 600 ami SIS, 0OO)
at i-i6 $25,000 do at 1-32, and $4,000 bank
at par.
We have again to notice extreme dnllness /
in stocks and bonds. The sales of the
former included 800 shares Louisiana Levee,
full paid, at 81 1913. In the latter we
noticed $1,000 city ten per cents at the high
figures of Sc, and $1,000 city five per cents
tWatefwOrksl at Sc.
We have no sales Of warrants to notice,
except mixed lot of metropolitan police
and city appropriation certificates at II.
State warrants are extremely dull.
The sales Of city appropriation certi6- !