New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-10
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,
SATURDAY EVENING, March 9, 1872.

oFFICE OF THE DAILY REPUBLICAN, !
| SATURDAY EVENING, March 9. 1872. {
There was a fair demand for money at
bank to-day but with an ample supply OF
| available funds all the offerings were
| readily accepted. On the street we heard
| of very little doing. Al notes, accompanied
| with unquestionabe collaterals are quoted
at 100 y cent v annum, and second
grade at ole; Al business paper, without
colaterals, at 100ll, and good and second
class at Il o. and Is. The ruling rates for
mortgage paper are still 9 Gl0 for AL and
good, and a II for second class.
Gold opened at Is a ll0A against l04
at New York;, and closed at the opening
rates in this market against 1l0lsl. The
sales included $1,000 at HOS; $4,000 at
HOS 0ll04; $4,000 and $4,000 at 1lO14 $4,000
and $4,000 at HOS, and $500 at llOl2.
Operations in silver were confined to
small amounts by dealers. not worthy of
mention. We still quote 1912 q l0S12 for
premium in gold for Mexican dollars
Foreign exchange was less active. the re-
ported sales summing up only 100000, of
which, $4,000 and 5000 bill of lading at
1879; $4,000 clear at 1925: fi7,0 A and
first class at ll913 a 1870; fi500 and 10000
clear and $4,000 bill OF lading at 1893 ::
$4,000 clear forty give days sight at 800:
$1,000 Americana ships bill at l20is and
tl5O0 bank at l2034.
sterling at 1879 a lZ0 for good to AL
bill of iaaing and clear, and i2ol4 a 1902
and 1908 for bank.
Domestic exchange was decidedly sitter.
The banks advanced their remittance rates
for New York sight to Is a "A = cent pre-
MUM against par Yesterday. and the sales
included Sl2 900, $4,000, $4,000 and $780, 900
commercial New York sight at par: $4,000
private bankers. and $4,000, 5000 and
$4,000 bank at Lie II cent premium;
$4,000 commercial at l-32. and $4,000 and
$500 private bankers at Is. Some of the
banks draw gold checks on New York for
remittance at Is $g cent premium, but there
is very little doing in them.
In stocks, round number of Canal Bank
shares were sold, particular suppressed
and small amount of st. Charles Street
Railroad at $50.
Messrs Nash & Hodgson, auetioneers
sold at auction to-day, for account of the
succession of the Baquie estate, Is shares
State National Bank at S9s: l Louisiana
Jockey Club $500 paid at SOB; 43 New Or
leans Wrecking and Salvage Company $500
pail) al S73; SO Louisiana State Lottery at
$65: New Orleans Opera House Associa-
ton $500 paidp at 500; do at $S7 so: do
at $50; Mississippi and Mexican Gulf Ship
each Of drainage stock attached to each
share) at SOL 50; 30 Carondelet Canal and
Navigation Company at $25; 65.do at So;
l59 Burra Burra Copper Mine at So; 30
Polk County Copper Mine at 81; 10 Hope
Insurance Company at ST.; $1,000 city FIVE
per cent Waterworks bond at 54le $500
Boston Club eight per cent bond for $40:
$1,000 Ficksburg, Shreveport and Texas
railroad first mortgage construction eight
per cent honds at 50 per bond; $1,000 same
at Sil: $500 Nashville and Northwestern
railroad mortgage bond at 76; $1,000 Lou
isiana Tehuantepec Company eight per
cent bonds with coupons attached from
February !. 1859, at s. 80 each; and 5 goo
same, with same interest and coupons from
same date. at s. 30 for tile lot. We noticed
also a private sale of shares of the new Ex-
position building stock (par Sl00) at Si09.
At private sale. 5000 new city ten per
cent bonds sold at 93l.. and 5000 al 93l2