New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-05
Monetary--CommerGiaI.
MONET ARY.
OFFICE OF THE DAILY REPUBLICAN.
N0NpAY EVENING, November I, 1872.

4 OFFICE OF THE DAILY REPUBLICAN,,
NaEDAY EVENING, November 4, 1872.
The money market exhibited increased
activity to-day and was a shade more strin
gent, with an increased demand at the
banks tor both discounts aud currency. Thu
calls for the latter, ia fact, were stronger
than for some days past. The offerings OF
| the street were also Of considera ole extent
| and, though in ONE cases the demand wal
! rather pressing, we heard of no variation
| in rates. Among to-day's Transactions VT
| noticed an extension, with State bonds as
| collaterals, at l II p cent p month. We con
! tinue to quote frst-class paper at - = cen1
| y annum; Al at Is, second grade al
! Is; tirst-class mortgages at 10, and second
| do at y. The most Of the commercial paper
| negotiated continues to be at 80. 60 and 81
/ days.
NEW ORLEANS CLEARING HOUSE.
Cleanngs. Balance
November 2..,...........s 81 2+995i So sI5g,5l5 2:
Thus far this week. 100 9o5 "a s345OIO 9:
Total last week: $954,I04 So l.201269 s
Total week betoTe....... 94lO657 A l,l&.6l9 IS
Gold opened at ll20 1928, against III 7B
at New York, and, after moderate bust
ness, closed at ll214 4 1898 tan advance of
about 18c from Saturdays rates., against
dl248 in that market. The sales summed
up S63, 900, including $1,000 $4,000 and
$4,000 at 1925, $ll 600 $4,000 and $IO.00O)
at ll2A, 81. coo (SI0G0, $4,000, $500. $1,000.
$4,000 and $4,000 at ll21z, 100000 at Il212 q
ll255, and $4,000 at 1928
Nothing was reported in silver, and
owing to its scarcity rates have not de-
clined in agreement with gold and CON
tinue unchanged. The market Is now
quoted at 109 a ITO for American half dol
lars, and as + cent premium in gold for
Mexican dollars
The movement in sterling exchange was
active and under the influence Of New York
adyiees rates advanced Is q IA T. cent. The
sales amounted TO go, 600, comprising $1,000
Al clear at lI9. $1,000 bill Of Iading and
Al clear at ll942 a 1895, $4,000 Al clear at
1895, $4,000 do $4,000 and G10000) at
1893, $4,000 bill OF Iading and AL clear
at 1898 0I20 $1,000 Al clear at 1870, 5000
(G1500 and $4,000 Al clear and $500 pr
vate bankers at l294s, $1,000 first class at
l20i4, $4,000 al 10Y gold, and $4,000 at I0718.
The sales Of francs included $4,000 com
@lercial at 1881 and 100000 do at 48IA.
At the close sterling bills were quoted
at 1898 0ll92s for bill Of lading and Al
clear, and - 1908 for bank, and francs at
1888 64.8212 FOE private and nominal for
bank.
The offerings of domestic exchange were
of LIBERAL extent, and rates were weaker,
owing to the banks meeting the demaud
more freely in order to increase their sup
ply of currency, while private bills ruled
at corresponding decline. The sales GOV.
cred $3l2,UOO, elm bracing $l45,0OO bank
sight OF New York $4,000, $4,000 and
$lO0O00j at y q cent discount; $4,000 do
(SlO,OOO and S250OO) az 9-I6 100000 pri-
vate bankers and bank at u a IS; $4,000 |
$4,000, $4,000 and $50, OO0) at |
r, and $4,000 sixty days sight $4,000 and |
100000 at 3.
The banks checked on New York at ,. |
,uled at n 58 discount.
Stocks aud bonds were very dull, and we
lid not hear Of a sale.
The only sale reported il warrants was
$4,000 new State at %.
Very few transactions trauspired ~ city
certificates, ana they were
My in small amounts, ranging jcom g. a
9, which figures might nominalIy be called
lie closing rates