New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-23
Monetary--Co
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
TrRspAY EVENING, October q, 1872.

TUESDAY EVENING, October %. 1872.
we nave no further improvement to no.
| tica II the money market. The banks were
| strengthened by considerable receipts of
| currency from New York, but the demand
continued strong, especially for Texas, Mis-
sissippi and Alabama, and covered the
whole amount of the receipts. The otter
ings, both in bank and on the street, were
of fair extent, but were less pressing than
for some days past, and those outside were
mostly done at the rates below. We
continue to quote frst-class paper at -
y cent y annum; AL at Is, second grade
at Is; tirst-class mortgages at III, and sec.
ond do at IL. The most of the commercial
paper negotiated continues to be at 30, 60
and 80 days.
NEW ORLEANS CLEARING HOUSE.
October d. 80. 81 G IS 4s5s % s fs573SG 81
October q ....."".".... 'a 50 5aa q q 5 5$5 ,, 3g9 81 81
Thus far this week. ....... s4,9l9,526 10 85g7,3s2 70
Same time last week.. 4,943,862 ~ 553 059 20
T TotaI 5 @ssE T 5efors .:..... 9 s.Ssl. 50; 5i s. 50 lie, 533 % 8
Gold opened at 1874 0lI34, against lib
at New York, and although the scarcity
of cash gold checked operations, yet the
business summed up $83, 900, the market
closing nominally at 1884 ian advance OF
"a ~, against 1875 at New York. The
sales embraced $4,000 at 1888; $4,000
$4,000, $4,000, $4,000 and $4,000 at Il312;
$4,000 $4,000, $4,000 and $l5,0O0) at 1884,
$4,000 at 1875, and $500 0 at -
Nothing was reported in silver. The mar
ket Is now quoted at 100 clio for American
half dollars, and 306 y cent premium III
gold for Mexican dollars.
We noticed an active movement u ster-
ling exchange, but nc variation IN rates.
The sales summed up over t6O,OOO, en-
.- rAs GNn ypDnON IS1T Df 1oIinr +HONl
and Ell 900 Al clear at 1917 0l2l II; tIOOO
$4,000 and $4,000 bill of lading and $4,000
Al clear at l2I n; G2500 Al clear at l2l@8;
E250O bill of iading and Al clear at l2I28
6I2I24: $1,000 bank at 12248; t3OOO do
| at l22A; G40OO do and private bankers at
1928; 1920 for remittance (El2OO Il
G2O00) at 1927, and $1,000 bank at =.
The sales of francs included $50, 900 com
mercial at 476&.
At the close sterling bills were quoted at
I2l8 0l2l38 for bill Of lading and AL clear,
| and 1220122A for bank, and francs at4.7712
04.76A for private and nominal for bank.
The offerings of domestic exchange were
of fair extent, and the market was a shade
frmer at the close, but without any quot
able change in rates. Ihe sales covered
$lS5. 900 sight on New York, comprising
$751; 0 bank at 80 y cen discount; $4,000
do at 1882; $4,000 do l$l5,0O0,. $4,000,
$4,000 and $5O,OO0l at 7-l6, and $4,000
$4,000 commercial and $4,000 aud s., }
bank at h.
The banks continued Go check oh New
York at Va ~ cent discount, and cOmmR.o
cial sight ruled at 7-l60 H discount.
In stocks we noticed sales of II shares
New Orleans National Banking Company
at 1872 25.
Nothing vas reported in bonde Of war
rants.
Citv appropriation certificates exhibited
increased activity and sold at the wide
range of IS and II. the market closing at
75@20, against 68 last evening, showing an
advance of 1912, caused by an offer o
the Louisiana Savings Bank e0 "advance
from month 20 month such amount as wiki
keep the Council in funds until 4he licenses
become due" which it was supposed would
enable the administration to redeem the
outstanding certificates. For the parubcu-
lars of this important proposition and the
ordinance proposed n relation to IL, we re-
fer to another column. 1t would seem from
the letter of the president of the bank
which is che fiscal agent of the city9 shat
there is a fair prospect fog negot' tag the
two milliop sterling loan ROW cheering ID
london.
The sales Of city appropriation certificates
are reported to have reached $4g,09Q, IN
Guiding $500 at IS, $4,000 at SO, $500 ($lOO0,
$1,000 and $4,000 at 10. $1,000 at 0042, $4,000
$4,000 and $3000) az "a, $4,000 $4,000 and
50O0y at 951s, $500 at rs, and $500 az u.
AZ the close we heard of offers OF SO T8l&h9
howeyeSo VIC did not authenticate