New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-30
Monetary Commercial.
MONETARY.
OFF CE OF THB DAILY REPUBLICAN,,
MovnaT RnEEHra InlE q. 1872. J

MONETARY
oFV cE OF THE DAILY REPTBLICAN,(
MONDAY BEExEEG, July %, 1872.
The money market is without any ma
terial variation, and there appears TO be
very little animation III any branchi IN fact,
business is quite dull, both in bank and on
the street. The banks continue to discount
all good offerings of short paper, but most
of them are not disposed to 90 beyond GER
tain margin, which, however, is far from
being their extreme limit, and beyond
which they could considerably increase
their discounts without positive lnconVe-
nience. Accommodation notes and long
paper generally rejected, leaving that class
to be negotiated on the street, where, when
accompanied by unexceptiOnabie collate-
rails, it is generally done at our quotations.
We continue to quote first-class paper,
with sound cOllaterals, at -Ol0 u cent
y annum; llal2 for less desirable names,
which can hardly be Chased az second
grade; I20I5 for second grade; a III for
frst-ciass mortgages, and 20 for second
grade.
NEW ORLEANS CLEARING HOUSE.
mi, g gsso a5sg :. f isa i4s 81
July % ................. tx, lO4 80 lu5@5 50
Tbus far this ,355382 81 s265, aS8 60
same time last week.. 1854 1888 56 l89li2 81
Total last week 5. ,5d Sgd % aSI OK 81
Gold opened at lI40lI44, against
II4as at New York, and after moder-
at4Iv active business closed at HAS
Ti4is AGAINST lI44 in that market. The
sales coInprised $65, 500, as follows: Sll ,OOO
$4,000 $1,000, $1,000, $1,000 and $l0,0OOl at
liz So. 500 $4,000. $500, $4,000, $4,000
and $40 0OOl at HAS, $4,000 $4,000 and
$4,000 at ll4A, and $4,000 l$l590 and S23OO)
at lI43s.
now. quote American half dollars at IUo
a lO81a; Mexican dollars are unchanged
being still quoted at 3l3 to 5l3 " cent pre-
MUM in gold.
The movement in sterling exchange was
very limited. the reported sales embracing
oDlv EI500 first class at 1878, and t1UU
hank at l261s. The sales of francs included
$50. 900 commercial and 100000 bank, all on
Driyate terms At the close sterling was
quoted at l25A a 1854 for Al clear Tan adj
vance of Isl and 1850 for bank, ar"
francs at 4.60045713 for private and 456A
4.55 for bank.
Domestic exchange showed little activity,
but the market was firm at slight lm-
provement in rates. The banks continued
TO check on New York at 30 T. cent pre-
mium. but commercial sight was quoted at
IA 0jl6 premium against a on Sdturday'
The movement covered $4,000, embracing
S39, 600 bank sight on New Hork I$oOVO
$4,000 and $25 ,OO0l at 9-32, and $4U,UUO 90
$40 600. $4,000 and $4,000, at SIG
There was more movement in stocks, the
sales including 80 shares OF Hibernia Bank
Az Sl2l. net, 20 Citizens Bank at - .
New Orleans National Banking AssOci-
alton at $32 IS, - Peoples Bank at 500 81,
5 Factors and Traders Insurance Com
PAW at $50, and Jockey Club at $50.
In bonds we noticed sales of $4,000 new
city ten per cents at 81, and $4,000 new city
seven per cents at 66l2.
No sales Of warrants were reported.
City appropriation certificates opened at
about Saturdays rates, but closed weaker
The sales include $1,000 at %, and S2OOO
at 7312.