New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-05-26
MONETARY.
oFFIOE OF THB DAILY REPUBLICAN,
1E Pei {


SATURDAY EvBSIae May % 1872
The money market may still be regarded
as easy, but is evidently tightening. At
this season of the year the bank lines of
deposit usually run down, reducing their
available resources, while at the same time
there is an increased demand for discount,
both from factors and for remittance, and
at the present time, as we have already said,
there has been some demand for currency
by parties who prefer RENTING by express
to buying New York exchange at 20 y
cent premium. The banks, however, con-
tinue to discount most of the approved
paper offered them, but on the streets ne
gOtiatiOns are more difficult We noticed
to-day some Al factors paper offerd at
liza. At the same time we heard of some
first-class at g. We quote AL paper, with
or without cOllatterals, at the wide range
of 90l2 y cent y annum, secOnd-class at
12015, frst-class mortgage at ga 10, and
secOnd-class do ct Hob.
Gold opened at 1873 a 1898 against
1884 at New York;, and closed at the open
ing rates in both markets. The sales in
Guided $50, 900 at 1875 GIl3l4; $4,000 and
$4,000 at 1874, and $4,000 and $4,000 at
1888.
Nothing done in silver American half
dollars are still quoted at l03 q 100, and Mex
lean dollars at 3i2 G5l5 y cent premium in
gold.
The movement in foreign exchange was Of
about the same extent as yesterday, but
rates for commercial sterling were B W
cent easier. The sales of sterling embraced
ESQ 600, of which $4,000 clear at 1879; $4,000
bill of lading lin several amOunts) at 1879
to 1898; fl000 clear at 1879; E2500, E3OOO,
$4,000 and $4,000 at l24, and $4,000 bank at
12434.
No sales of francs came within our notice.
We now quote sterling at 1885 a ia for
good to AL bill of lading and clear, and
l2494 a. for bank.
Domestic exchange was steady and IN
changed. The banks supplied the demand
tor New York sight for remittance at g
y cent premium, and the sales included
S25, 900 commercial New York sight at 3-l6
premium; $4,000 and $4,000 commercial,
$4,000 bank, $4,000 and $4,000 private
bankers and 100000 bank and private
bankers at "a, and $4,000, $4,000 and
$35,000 bank at 9-32.
Some of the banks ask 5s024 p cent
premium for New York gold checks.
Operations in stocks included five shares
Mutual National Bank at SIP so, at aUc-
ton by Messrs. Nash & HOdgson, 10 and 5
New Orleans Mutual Insurance Association
at $50; SO New Orleans National Banking
Association at $34 so; 100 Levee is paid)
at $8 Is; 90 Union National Bank at.SyS so,
and 20 do (resale) at 500. Yesterday, not
reported, 900 Jefferson City Gaslight Com
pany sold at SIS so.
In warrants and certificates $1,000 city
appropriation certificates changed hands at
75l4; 5000 do at 75l9; $1,000 do at rs; $1,000
do at 1864; $4,000 old State warrants at 60,
and $4,000 and $4,000 same at 20.
LATER-Since the above, we have re-
ceived additional reports of $4,000 gold
$4,000 and 100000 at 1874; $500 silver in
American halfdollars at 10815; $4,000 bill of
lading sterling at 1235s; 95000 Al clear do
at 1875; 100000 bill of lading and clear
$4,000 and Sl0,0O0) at 124; $40, 600 CONNER
cial sight on New York at 3-l6 y cent pre-
cial $4,000 and $4,000 at "a 25 Factors and
Traders Insurance Company at SS7 50;
SIS, 900 city appropriation certificates at
763s, and $1,000 old State warrants at 7034