New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-03
Monetary--Co
MONETARY.
OFFICE or THB DAILY REPUBLICAN, I
unrnAu PuurnEa Mnrarn mar 2 1872: {

0FFTTT OF DAILY [
FRIDAY EVENING, November z, 1877. }
we have but little improvement to notice
in the money market, but rather q shade
more stringency, with az increase in the
demand at the banks for currency and dis
counts. and a slight decrease in the deposit
lines, compared to last week. Most of the
demand for money is from the country. We
heard to-day of some round amounts nav
ing been sent to Alabama. The offerings
on the street were of fair extent, including
a transaction with gold certificates as
eollaterals q l4b per cent per month and
one with bank stocks at l. But
little transpired at higher rates than
our subjoined figures, and We continue
to quote irst-el&ss paper at l2 y cent
v annum; AL at Is, second grade at
IS; first class mortgages at 10. and second
do at IL. The most OF the commercial paper
negotiated continues to be at 30, 60 and 80
days.
NEW RLEAN CLEARING HOUSE.
Glesr az :, . B Bs5 INC =:
November 1857. .....S 70 ~ " $i2s,9l2 ~
Total last week. ......... s8954,79 So 1900 269 81
Total week before ...,,.. 9,4lO,657 A ~l,l94,6l9 10
Gold opened at Il2A @II2A, against II2
at New York, and, after q very active bust
ness, closed at ll20ll2I3 Ia decline of
about &c from yesterdays r~atesl, against
lII15 in that market, where it touched
during the interim ills. The sales summed
up Sl48,OOO, including $36, 900 $4,000, $1,000,
$4,000, $4,000, $4,000, and $4,000 at liz,
$4,000 $4,000, $1,000, $4,000 and $6000) at
1929. SIS, 900 at 1l2s 0ll2A, $4,000
$4,000, $4,000, $4,000 and $60O0l atall2A,
$25, 900 at l124 01I24s, $4,000 at 1928, $I3.-
900 $4,000 and $800O) at l1214, $4,000 at
1925, $4,000 at 1924, and Sl2,0 600 at 1923.
Nothing was reported in silver, and
owing to its scarcity rates have not de-
cIined in agreement with gold, and con
tinue unchanged. The market IS now
quoted at I090ll0 for American half dol
lars, and 2@5 p cent premium ia gold for
Mexican dollars.
The movement in sterling exchange vas
of fair extent, while under the course of
gold at New York rates were weaker
throughout the day, and ruled materially
lower, closing at a decline Of &R78 y
cent in commercial. The sales amounted
to G4l,000, comprising $4,000 $4,000 bill of
lading and $4,000 Al olearl at Il9A, $4,000
bill of lading at 1872, G6500 (G2500 and
$4,000 bill of Iading, and GiO00 Al cIearl at
l194, $4,000 Al clear at 1919, ETA, 900 bill Of
lading and AL clear at 1872 1920, $500
AL clear at 1908, 1880 bill OF lading (El000
and G250O) at 420A, and fla0 Al clear at
1909.
The sales Of francs included 0 5000 coma.
merclal at 4.8243, and 10000 bank at 4.7742-
At the close sterling bills were quoted
at 1917. 1893 and 100 for bill of Iading
and AL clear. and l204a O. for bank, and
francs at 48504.82l3 for private and nom-
inal for bank.
The offerings of domestic exchange were
oflberal extent, and the rates closed a shade
weaker. The sales covered $263, 600, en-
bracing $4,000 bank sight on New York
at SIG y cent discount; $50, 900 do at e.;
$4,000 do $4,000 and $30,000) at ZIG;
$4,000 $4,000 private bankers and 100000
bank at 1882, and $1,000 0 ($25, 600 com
mercial, $4,000 private bankers and $4,000
and $4,000 bank at H.
The banks continued 20 check on Rev
York at "A y cent discount. and commercial
sight was quoted at 42discoupt.
In stocks we noticed a sale Of 6 shares
Merchants Mutual Insurance Company at
S92 so.
Nothing vas reported in bonds or way
City appropriation certificates were
at the close at about 68L9 06942.
sales included $4,000 $4,000, $1,000 and
$1,000 at 6819; $500 ($l50O and $4,000 at
50; $500 $4,000 aud $500! at 69lt, aud
$500 at 7012.