New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-22
Commercial.
MONETARY.
OFFICE OF THg DAILY REPUBLICAN.


The money market presented no new
features to-day. The demand at the banks
for discounts continued fair, and the offer
ings on the street were of about the usual
| extent, while the negotiations contaminated
exhibited no marked variation in rates
| Compared with last week there has been a
considerable falling off il bank deposits,
attributed to the increased demand for re-
| mIttance to the country since the reputed
rise on the tributaries. We quote, first class
signatureg at l ON y cent y month; sec
| ond class at 2; first class mortgage paper
| at 10 " cent y annum, and second class
at IL.
NEW ORLEANS CLEARING HOUSE.
December ge re- IIs IS s GsaSSS %
| same time last week.. 2,068, 587 o. 26,640 %
Total last week .,...... 1854 $50 80 1,3643I8 s.
Total week before H.355.2l9 "a 1,374522 ST
| We notice that at a meeting of the stock
| holders of the Peoples Bank, held on the
sixteenth instant, the following directors
were unanimously elected for the ensuing
| YEAR viz: Messrs. r. ri. Davia, +. Jau-
| t'roid, a. SocOIa. J K. GOurdain, K. Eng
| land, H. Berwin, G. w. Dunbar, Joseph
David, and N. A. Llambias, and that at a
subsequent meeting of the board the
veteran banker, Mr.. r. NJ. Davis, was
unanimously reelected president.
Gold opened at Iii p a IlI34, against IFS
mt New York, and. after an active bust
ness closed at III 3s al a. against lll5s in
that market. where, during the interim, it
touched I1I78 The sales snmmedup $I04,
600, embracing $4,000 $4,000, $4,000 and
100000 at H, $35, 600 $4,000, $4,000,
$4,000 and $25. 000) at Illa8, $27, 900 $4,000,
$1,000, $4,000, $4,000 and $4,000 at lllA, and
$4,000 at 1l2
No sales of silver were reported We
continue to quote American hat-dollars
at I090l10 and Mexican dollars at par az
y cent premium in gold.
The movement in sterling exchange was
only of moderate extent, aud private bills
closed at an advance of l8 y cent. The
sales amounted to about 100000 comprising
E5O00 clear at 1904, $4,000 bill Of lading at
l2OA 0l2013, $500 (9l500 bill of lading, and
Gl000 and G2500 at clear) at 1903, $500
bill of lading at I201a a 1908 E7O00 AL clear
$4,000, 93000 and G3O00) at 1908, $4,000
first class at 1909, G2000 Al clear, and Anne
rican ships bill at 1903 012l, $500 bank at
I2l1s. $500 do at 12I19, and 9l600 do
sight at 1924.
The sales of francs included 100000 pri-
yate at 4.7713; and 5000 at 4.76A.
In German marks we noticed sale of
25, 900 at 1862.
At the close sterling bills were quoted at
1904 q 1904 for bill of lading and al clear, |
and I2lA a I2l19 for bank, and francs at
4784 04.771s for private, and nominal for |
bank
Theofferings of domestic exchange were
of fair extent, and rates were without |
quotable variation. The sales covered $780, |
900, embracing $4,000 sight on New York |
($25,00O commercial, $4,000 and $4,000 |
private bankers and $4,000 and $50 600 |
bank at GIG y cent discount; $3.50 tSS00O |
commercial and $25 600 private bankersO at
81; 500, 900 commercial at 1899; $4,000 on
Boston at 1I-l6, and $4,000 on Providence
i$S0OO and &I0 O+0l at 81
The banks continued to check on New
York at a a % u cent discount, and com
merciaI sight was quoted at 9-l609$ dis
count.
The sales Of new STATE warrants included
$1,000 at 1912. They are now quoted at 80
4Oc. Nothing was reported in Metropolitan
Police warrants
IN new city appropriation certificates we
noticed sales Of $4,000, embracing $4,000 at
56I3, $250O 40 81, $1,000 at 5743, $1,000 at SO,
and $4,000 ($l5OO, $500 ana $20OO) at 5834.
Rates were irregular during tho day, and
closed nominal at about So $50.
The only sales OF stocks reported were
the following at auction, by Messgs. Vincent
& Co, for account OF the estate OF the late
Robert Geddes: