New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-18
MonetarY--CommerciaI.
MONETARY.
oFFlcR OF THB DAILY REPrBIICAN,

MONETARY.
oPFlcR OF THB DAILY REPUBLICAN,, I
MONDAY BvEEIEs. June II, 1872.
We have no new feature to notice
| in the money market The offerings Of
| short paper at the banks continue lin
| tied, and, although the lines Of de
| posts are gradually running down, yet
all approved signatures of this description
are promptly accepted, but there is good
deal OF long paper offered, intended to tide
| the parties over the summer, most Of which
| Is rejected. No incOnsiderable portion OF
such paper is subsequently offered on the
street, where first class signatures, or notes
secured by unquesti0nablec Olaterals, can be
readily placed at rates leaning to our inside
figures First-class mortgages are still in re-
quest, but most of the offerings are not so
regarded. Although the banks are usually
inclined to strengthen their position at the
present period in preparation for the July
dividends, yet they have abundant re-
sources for the line Of paper they desire.
The range of the discount market may be
quoted as follows: 912 10 p cent v annum
for first class and Al paper, with or with
out collaterals; IL II for less desirable
names, hardly to be classed as second
grade; - a 10 for first-class mortgage paper,
and II a II and Is for second class The
negotiations tOday included $4,000, part
mortgage and part commercial, with cOllat-
erals, at 10 T. cent T. aunum.
NEW ORLEANS CLEARING HOUSE.
Clearings. Balances.
June l7................... lO85289 81 l54, 33I 20
Thus far this week.. l,7e8673 40 262, 052 II
Same time last week.. 1883 Alb 80 4l4,353 20
To al last week.. 5,640l9S IS lll9094 II
Total week before......... 5.6O9896 80 933,722 81
Gold opened at 1928 a ll3lB, against 1879
at New York, and, after fair business,
closed at 1l30ll3A, against ia at New
York, showing an improvement of 1Sc in
both markets over the opening rates. The
reported sales covered S93, 900, embracing
$1,000 at 1928: $4,000 $4,000, $4,000, $4,000,
Sll,000 and 100000 at 1l3, and $42, 900
$4,000, $4,000 and $21 ,000) at ll3B. We
noticed only a moderate demand for the
CustomhOuse
The sales ofsi,ver included $500 in Ameri,
can-half dollars at l0S34, and $4,000 at
I09 The market is still quoted at
1080l0813 and 100 for American half-dollars,
and 31R 0J12 y cent premium, gold, for
Mexican dollars.
The market for sterling exchange con-
tlnued extremely quiet, with light offering,
and the sales embraced 9l500 bill of lading
at 1879; $4,000 Al clear at l24; $4,000 bank
at l25; $4,000 do at 1857, and $1,000 bank
sight at l26ls.
we heard OF no sales OF francs.
At the close, sterling was quoted at I24
0l2419 for bill of lading and Al clear, and
l25 1858 for bank, showing no variation
from Saturday.
Francs were quoted nominal at 1924 a
ASIA for private, and h 04.55 for bank.
Domestic exchange hardened without
showing much activity, the reported bust
ness embracing $780, 900, as follows: s.
commercial sight on New York at Il a Lilo
" cent discount: $4,000 do $4,000 and
Sl2000l at Is; $4,000 bank $4,000 and
s20,000l at l-l6; $4,000 do at 1872; $40, 900 |
$4,000 bank and $4,000 commercially at par,
and $1,000 sixty days at y cent. The |
banks continued to check for small sums at |
IL P cent premium.
The stock market was extremely dull, !
with very little inquiry, and no apparent |
disposition on the part of holders to force |
jales. An offer of $ll8 was refused for Car
'olltOn RailrOad-held at $llS 50.
We learn thai an injunction was issued
against the public sale of bonds advertised
o take place to-day by the State Auditor
md Treasurer, but having been withdrawn,
he sale proceeded agreeablystO notice, and
esulted as follows, the amount of tie bids
icing payable either in United States cur
ENJOY, Auditors warrants, or registered GER
iticates Of Indebtedness:
$4,000 State skies, issued to jackson Rail
cad Company, at 8j94, $4,000 at 81, $4,000
t S51R.
$4,000 State sizes, issued to New Orleans
nd OpelOusas Railroad Company. at SjIR,
5000 at S6ls, $4,000 at S534, $4,000 at Sc,
10000 at Sj5s, $4,000 at 8524, $4,000 at
So
$4,000 State skies, issued to New Orleans
nd Nashville railroad, at 80.
$1,000 State skies, issued TO Vickburg.
hreveport and Texas railroad, at s., $4,000
t Sc, $4,000 at S43s.
$1,000 State skies, issued to Mexican Gulf !
abroad, at -.
$1,000 State skies, issued to Baton Rouge, |
rosse Tete and 0pelOusas railroad, at 70.
$1,000 State skies, relief of State treasury. !
%, $4,000 at IS, $4,000 at 81, $4,000 at
81.
$4,000 old consolidated city six per cents
! I0712.
$4,000 railroad city skies at 1OOl5.
$40, 900 State skies, under act No lS1 OF
81, at 81 s. $4,000 at 801R, $4,000 at 1919,
%, 900 at 7G7s, $4,000 at 7612, $4,000 at u,
70, 900 at so.
Total amount bid for, $285OOO.
Agreeably to the notice, the sale is to be !
ntinued e from day to day, not to exceed !
x days for the duration of the sale" The
hole amount of bonds advertised is
$50, 800. ,
Nothing reported in warrants.
The sales Of city appropriation certif-
ties included $4,000 at 7007O4. $1,000 at
y, $1,000 at 1034, and $4,000 at 7IA. !