New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-28
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,, I
SATURDAY EVENING. January u, 1872.

OFFICE OF THE DAILY REPUBLICAN,
SATURDAY EVENING. January q, 1872 )
The money market continues quiet and
easy, with no material change in street
rates We quote lO0Il p cent = an
mum for AL paper with unquestionable collat-
erals, and u for good and second grade.
lOd IL for AL without cOllaterals, and IL
Is for good and second grade. Mortgage
notes still rules at 900 + cent = annum
for AL and first Glass; and II o. for second
grade.
Gold opened at 1925 llOls against
IO9as at New York, and closed at ll04 a
ll01a against l09as). Cash gold was scarce
and ruled still more above New York.
The sales included $1,000 at 1923; $4,000,
$1,000, $4,000 and $4,000 at ll0l4: $1,000 at
1908; $4,000 and $3.50, 900 at ll0l2. and $1,000
at llO5s.
Nothing transpired in silver. We quote:
lO7 a lOS for American half dollars and Ia
aga per cent premium in gold for Mexican
dollars.
Foreign exchange advanced in sympathy
with the course of gold, the market closing
with net improvement of "a a So y cent.
The movement embraced about 100000, of
which $4,000 British ships bill at ll1sl;
f25O0 and $4,000 bill of lading at HIS;
f350O and $4,000 at llS: f2500 AL clear at
ISIS; fl3.0O0 AL bill of lading and clear
at lisa lisa: f4500 clear at llSa llSls;
$4,000 AL bill of lading and 100000 AL bill
of lading and clear at lisa; $4,000 first
class late last evening" at the same; t6OOO
clear at llS a 1855. and flO0O bank at ll9.
Nothing reported in francs.
We now quote sterling at ll7's 4 1888 for
good to Al bill of lading and clear. and "A
ll9 for bank
Domestic exchange was steady. The
bank remittance rate for New York sight
still ruled at par, and We noticed sales OF
$4,000 private bankers New York sight
and $4,000, 100000, $4,000 and $4,000
and $4,000 private bankers at 532; $65,OOO
private bankers at 316. and $l2, 200, $4,000
and $2J, 900 commercial at Il.
Bank gold checks on New York are
quoted at a a IS t. cent discount for re-
mittance.
Operations in stocks included so shares
Mechanics and Traders Bank at S34, 1876
do at $34 50; 25 New Orleans National
Banking Association at $35 -. and 10 Or
leans railroad at $50, exdividend. Louisi
ana Levee stood at So asked and s. - bid.
On Thursday not reported. 10 shares leu
tonia National Bank sold at SIP 80.
In our report of the Board of Brokers
proceedings last evening, Union National
Bank should have been quoted par (Sl00L
asked, seller sixty days, and no bid: leu
tonia National Bank 500 80 asked. These
are the figures sent us by the secretary of
the board, though the rate for Teutona
National Bank is undoubtedly an error, the
stock having sold, as noted above. at
SLIP 80 on Thursday, and could not have
been quoted under $40 a ll2 last evening
In bonds $500 city ten per cents changed
hands at p, and $500 new city sevens at
=: 81 was bid for city five per cents.
$1,000 State warrants changed hands at
63. and $1,000 at 64l2; 60 was offered and re-
fused for a lot or over $4,000. A lot of
$3.50 was also reported early in the day at
6ll2.
$500 city appropriation certificates sold
at 3d.,