New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-02-27
Monetary--Commerelai
MONETARY.
OPPICE or THB DAILY RBPUBLICA

MONETARY.
OPPICg or THB DAILY REPUBLICAN
| wx9sK.pAY EVENING. February %, 1873.
The money market continued quiet and
EASY. and without quotable variation in
| street rates. We noticed slight increase
| to day in the demand for discounts at some
of the banks, but the offerings on the street
were quite limited. The negotiations on
the latter are mostly confined TO first class
signatures. We continue to quote first class
paper, with or without cCllaterals, at 10
T. cent = annum. Al without col
iaterals at l20l5, second class at Is, first
class mortgage paper at 10. and second
class do at II.
NEW ORLEANS CLEARING HOUSE.
Clearngs. Balances.
Febrnary p { H OK 4.E s2Ie14a $
February 2t.......... 3l8o9 20 Il s1S'if' 80
February Zo.....-.-'.' holdaV ,.o e,o -
February 26.........- 3,579,587 q" 268''ls d
Thus tar this week.. + AS So ~ 1917 1853 81
Same time last week. 10 sotIl3 - 9eo o S go o o9
Total lat week.. II. 426.fb9 80 +n3ooS -
Total week before 1859 $50 IS l,l77,267 u
Gold opened at HIS Iii's, against
! ll4a4 at New York and after very active
! business closed at His q HIS, against
| !I17s in that market. The sales summed
up Sl87 900, embracing $4,000 at ll4& a
| Ii47.; $4,000 $4,000 and $1,000 at ll47s:
| $l7 900 $4,000, $1,000 and $4,000 at 10;
| $1,000 at llf78 10 5; $4,000 at !i3LS
| $50, 900 at llilS ll54. and S3OO0 at llo'i.
In silver we noticed sales OF F29OO IN
! American half dollars at Ill, and $1,000 do
| at -.
The movement in sterling exchange was
| of fair gtent. Rates opened at yesterdays
| closing quotations, the advance in gold at
| New York being cOunterbalanced by de-
cline in sterling bills in that market, but
subsequently. under a further rise in gold.
the market was quoted at Il 3 cent higher.
Still later. toward the close domestic ex'
change having weakened, private bills fell
off nearly Is T. cent.
The sales amounted to Gl2l 200. COM
prising 100000 bill of lading at 1894; $4,000
do at 1898. a 1873; E20OO AL dear at 1885:
$4,000 and $4,000 bill of ladine at I24; El50O
and f2500 do at l24ls: 100000 do at I240
l24is: 10000 bill OF iading and AL clear at
l2i a l24l4; $1,000 bill of lading and $500
and f6500 AL clear at l2ii4; flO 900 private
bankers and bank at e. anu $1,000 bank at
l09, gold.
The sales Of francs comprised 925000,
embracing 300 900 commercial at 46212;
100000 do at 462 " i6IA: i25. 900 do
$4,000 and 100000 at 46lh; $4,000 do at
-, and 100, 900 on Antwerp at 1 so.
At the close sterling bills were quoted at
l23&. a l2lls for bill of lading and Al clear.
and l24a. a Us for bank; francs at 4621a a
bank. and German marks at 1854 q lOS12.
The offerings of domestic exchange were
of quite liberal extent. and rates closed
shade easier than ON Monday. The sales
covered $l63000, embracing $4,000 com
mercial sight on New York, and sl6, 900 and
$4,000 private bankers at | 10 y cent pre-.
mium: S25, 900 and $25, 900 bank, al d $50.
900, $4,000 and 100000 private bankers
at I-32; $4,000 commercial, $40 900 private
bankers. and $4,000 and $500 bank at
par; $4,000 on Philadelphia and $40, 900 on
Providence at a T. cent discount. and
$4,000 sixty days sight on New York at 213.
The banks continued to check on New
York at Is e cent premium. but CONNER
cial sight was quoted heavy at par.
The sales of stocks included Il shares of
Crescent City Railroad. ex-dividend. at
$50 80; 10 Mutual National Bank at $ll3.
10 do, a resale. at $Il3 50: - Crescent City
Bank at -. and l6 New Orleans City Rail.
road at Sl.A. We also heard of 30 shares
Hihernia Bank on Monday. not reported,
at sos.
The only sales of bonds reported were
$1,000 city gold besrings y cents at 65L2.
and $4,000 do at 65I..
Metropolitan Police warrants being in de.
mand, with only few ON the market, rates
closed at about 81. an advance of : y cent
over Yesterdays figures. The sales in-
cluded $500 at Ssh. 5000 and $500 at 81.
and $1,000 at S7la.
City appropriation certificates were dull.
and are quoted nominal at % go. Nothing
was reported in school certificates.