New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-08
Monelary--CommefGjaI.
NON EIA&s Y
0STJCv OF TBB DAILY REPUBLICAN, !
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THCRSpAY EVENING, November I, tot| ,
We heard Of more complaint Of the pres
sure in the money market to-day than ar
any previous time this season. The con
tinued drain Of currency 20 the country has
restricted the available resources OF th8
banks to so low line that they have been
unable to meet the demand for discounts,
and have been equally unable 20 cover all
the exchange offered. 1t was not question
Of rates, but Of ability, isnd we were aware
Of Al bills. both foreign and domestic,
which could not be negotiated. ~At
the same time the demand of discounts CON
tinued strong. and the acquisitions for cur
rency showed no abatement. Currency, ia
fact, has been RENTED 10 the country, not
only 90 q much greater extent than the re
ceipts from New FORK, but the extent OF a
very large portion OF the proceeds OF the
cotton movement. A: the same time the
offerings 81 the stree: showed little
any materia! change. We continue
20 quote tirs:-ciass paper at l? T. cent
= annum; Al az -. second grade at
Is; first class mortgages At ~, and second
do at II. The most OF the commercial paper
negotiated continues 10 be at 81. 90 and 70
days
NEW ORLEANS CLEARING HOUSE.
November f5 5sSss 8, s 9s:2st.
November 4......,.,...... 1871 $50 So 5G9,4aS 2!
November 5........... @5 535 60 "a 3 tg1 q
S SSysm6sF IS rs i 555555 e
Thus far this week -. IS $50 232 " 81Ol9, 90 81
Same time last week.. 7348 075 70 g4& 65i ~
Total last week.......... $3.50 G0+ % l2g z6S ~
Total week betcre....... 94l4657 a 1889 -
Gold opened at !l4's 0lI228, against 1928
at New York, and, after moderate bust
ness closed at lI234 0lI3, Is decline
from Yesterdays closing rates, against ll2!2
-, ~ -y-l,a IL tOlTpHef hnTlnu
the interim, 1923 The sales summed up
$65, 100, including $4,000 at 1928, $l2,090
$1,000. $4,000 and $4,000, at ll234, $1,000 at
Ii2@. $4,000 $4,000, $1,000, $1,000, $4,000,
$4,000. $4,000, $4,000 $1,000 and 10000 at ll5,
and $4,000 at 1928 0Il3.
Nothing was reported in silver nor,
owing to its scarcity, has there been any for
some days past. Rates are entirely noml-
nal. We continue 10 quote at Ivy q Il0 tor
American balf dollars, and 205 T. cent pre-
MUM in gold for Mexican dollars.
Under the heavy sales of cotton the move
ment in sterling exchange was very active,
without quotable variation. The sales
amounted to over 100000, comprising t|UOO
bill of laling at 1879; $4,000 commercial
at 1888; e24 500 (E2j00 Al clear, 10000 bill
Of lading and $4,000 Al clear at llS12;
$1,000 bill of lading at 1912 a ll955; $500
AL clear at 1925: eI1 600 bill of lading
$4,000 and e9000) at 1893 q 1893; t3l 900
$4,000 Al clear and e22, 900 bill OF lading
and Al clear at 1884 q l20o and @20U0
American ships bill at l2O18.
The sales Of francs comprised about SOC
900. embracing .00e commercial at 49,;
100000 do at $685.; 25G,000 do 100000 and
IJ0,0OO) az nm: 80, 600 Swiss at 4.S0. and some
other small amounts.
At the close sterling bills were quoted ~
li914 a 1894 for bill OF lading aid Al clear,
and - a 1908 for bank. and francs at 80
G48324 for private and nominal for bank.
Domestic exchange was weaker than
10 has been before this season. The
sales covered R28t goo. embracing $fS000
bank sight on New York $4,000 and $5|.'
900 early in the day at Is T. cent discount:
$208000 (s60ON and $4,000 commercial,
$25, 900 commercial and private bankers.
so, 900 and 81 500 private bankers. ana
$4,000. $4,000 and $4,000 banki 2: =: and
$4,000 on Fall River az Is.
The banks checked on New York az = y
cent discount. and Commercial! sign: was
quoted nominal az z discount.
No transactions were reported il stocks
The sales OF bonds included S20UG city ten
T. cent bonds at 81.
Nothing was reported in warrants.
City appropriation certificates continued
unsettled. and wer" quoted nominal az 90 q
g.. az WHICH rates tAege wege teT SINAI.
Sales
80 go