New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-09-04
Commercial.
MONETARY.
OFFiCE OF TIE DAILY REPUBLICAN,
TUYsDkY EVENING Septen1ber ;, 1872.

OFFICE OF TIE DAILY REPUBLICAN, /
TUYsDLY EVENING September }, 1872. s
The money market has continued quiet,
| both in bank and on the street. but yester-
| day there was some scarcity of currency.
| which checked the movement in exchange,
/ and good cotton bills on New York, which
/ would have been previously readily taken
| at "a premium, could not be passed even at
| g. Only a moderate amount was dis
| counted by the banks. We noticed some
| inquiry on the street for first class paper,
mt heard at -EerV few transactions II that
| description, which is rather scarce. We con
tinue to quote first class paper at g a 10 p
cent q annum; Al at 10; less desirable
| names not second grade at II: second grade
at u; first class mortgage 942 a 10: good to
second grade do II 0l2,
Among tO-day's transactions sales were
reported OF $500 mortgage in several pieces
at IL Y cent z annum, and $4,000 com
mercial, long Date, at "a T. month.
NEW ORLEANS CLEARING HOUSE
Clearngs. Balances.
August 3l...............,. $629852 IS sl22 903 %
September 2...,-.......... t1l .220 81 lI0526 Us
September 5.....,......... l,i28,359 j 1885 Il
Thus far this week....... 81 6l94l2 SO 1892 864 81
Same time last week go. 2,+56 629 q 459156 SO
0 0ti ,g ast 6tor ri n1S % s$ d 555
Gold opened at II30lI34, against lI3lB
at New York, and, after an active business,
including a considerable demand for the
Cust0mhouse, closed at the opening rates in
both markets. The sales covered 100000,
embracing $4,000 at 1929 $4,000 at 1I27s:
$4,000 $500, $500, $4,000, $4,000 and
$25,OO0j at lI3; $2I ,O00 $500, $4,000 and
$lI 500 at II3Is; and $4,000 at ll3l4.
There were some small sales of American
half dollars reported at 1857 The mar
ket is quoted at l08 0l09 for American
halt-dollars, and 3l2 och t. cent premium
in gold for Mexican dollars.
Sterling exchange, under the influence Of
a decline in New York sights as well as in
bills at New York, gave way II T cent.
The sales included $1,000 Al clear $4,000
$1,000, $1,000 at I43; $4,000 bank at 9l8,
gold, and 5000 do at 942, gold.
There was more movement in francs, the
sales including 500, 600 commercial at -,
and $l25, 900 private bankers at 4.6S34c
AT the close sterling bills were quoted at
100 1927 for al clear, and -0l24 for
bank, and frare3 at 47211 for commercial, !
and nominal for bank
There was a sensible decline ia domestic |
exchange, most of the banks checking on |
New York at as f cent premium. and com
mercial sight being quoted at ls0I.
premium. The sales amounted to $I20, 900, |
comprising $4,000 commercial sight on
New York at Il q cent premium: SO 900 |
bank at SIG, and $25, 900 do at %.
The sales of stocks included IS shares
Hope Insurance Company at $66; 200 Louis
lana Levee, preferred, at 81 8744; New
Orleans City Railroad Company at -, and
1000 European and American Pr0pelHng
Company at 81 . and ST. so.
In bonds there were some sales Of five
per cents reported, but without particulars.
Nothing was reported in warrants.
At the close city appropriation certificates
were quoted at 66 067.