New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-12-23
Monetary--Commercial
MONETARY.
OfFTCK OF THE DAILY REPUBLICAN,
MONDAY KvRyrNG December r. 1873

i AAOANAlA AAAsA
OEFICK OF THE DAILY REPUBLICAN,.
MONDAY RvsSrNa December u. 1879
We noticed q marked improvement in nearl,
/ every department If he money market. which
| may be partially ascribed to the resumption o
~ the th s sc sha an,
| time there was scarcity of small notes TO NEE
| the country demand and deals re- obtained IN som'
| cases y small premium on fractional and 5 an(
- bills in ex change for large notes. During thu
sus pension the banks have not only been LIBERAL II
| supplying their customers with currency to mee
| the daily receipts of their customers, but have
also discounted a fair amount of the offerings O
| approved paper. In q few days after Confidence
| shall have been fully reestablished they will n,
doubt be ready to do all that is offered BUT in tine
interim must necessarily pursue cautious p Il
lev. There appe 4rs to be more capital ofeIing or
the street and a more marked tendency to easlel
| rates. The few transactions reported Indicate 6
continued preference tor loans Old satisfactory col
laterals. We continue to quo,e first class paper
lDlk y cent y month; AL without collaterals al
| lhD-, and second grade at zG3. First class
mortgage paper continues to rule at ~ T. cent y
| anuum and second grade at liOl2.
NEW ORLEANS CLEARING HOUSE.
December 90 $500. s94 - 1881, 42l 81
| December o. 4039, s62 81 l6l S75 o!
Thus far this week $7I4o,a6 90 S4s3, 2e6 Is
! Same time last week 6042 446 % $50, 706 &c
| Total last week.. 1885 41 Is 2,75S.s42 q
| Total week before. l8.xO.9j2 81 ,5S4 "a
This mornings CiP0r7ngs were the largest maze
since the organization OF the association and Ddi
cate increase in general business AS pre- vinus-
~ notic-d the clesrlngs were made ia currency
tor the first time since the suspension.
The following kilograms we've posted at The Cot
ton Exchange:
Nkw YORK. December %, 1855 A. M.-Money rate
!. Carrying raie gold, l-N.
P. M.-Carrying rate gold Z.
LONDON December ~. P. M.-Rate Of discount
on months bills in the open market Y cent;
Amount of bullion gone into the Bank of England
OIL balance to-day ELS 900.
Currency opened at slight premium. but on its
becoming generally known that the banks were
paying out demand. the inquiry Ceased. and
we heard of no transactions at premium, except
in the case Of email notes, mentioned above.
Cold opened at saturdays closing figures Of ll0A
1ll0a, against llOA at New York, and closed at
The ope ming rates against lio in that mark,t
and S 10 0O6 at l0ai Uii0zs.
No sales Of silver we're reported. and rates con.
tinued nominal
The movement in sterling exchange was active,
but under the decline in gold and bills at New
York, the market gave way \. " cent. The sales
at i7 sleoo DO and $500 bill Of aSin at IL
4l20O $1,000 and G25O0 AL clear and 42o0O bill OF
ladmg at 1l7h; $1,000 bill of ladlng and &44:o0
aud $1,000 bill of iadng at HIS; G50O do 1T lI7a
Els OUO do at - G40O do III i 0ll7a3; e6e3
S at lS sad a.
900 commercial at 40 and 300 900 and 0oJo do
at 4.87k.
At the close sterling bills were quoted at ITO
ll7s for bill of lading and AL clear. and ll8hle+
for bank and francs at 48sa 04sTh for private and
nominal for bank.
The offerings of domestic exchange were Of lib
eral extent, and rates were y cent lower. The
sales covered $375 900, embracing $750o5 private
bankers sight on New York at sou y cent de
count $50 600 commercial at ll16; 10 0C0 10 oSS
$20,O 900 and $4,000 do ard S45 0to and 81 1A8
private bankers at d; SIS 600 commercial at Z,
and S 800 and $4,000 commercial and sl5, 0Uo
private bankers at
The banks checked at y y cent discount, ex-
cept one. which asked d; and private sight WAS
quoted at Il o..
In stocks we noticed sales of Is shares Hope In
surance Company at 49, 20 Crescent Insurance at
$65 So and 400 Louisiana Lsvee preferred at
City gold bearing seven per cents were in more
sctive demand, but ruled A. irregular rares, the
sales including $4,000. $500 ana $4,000 at 531s;
$1,000 at $685. $1,000 and = coo at o3t and $500
at 81.
No sales of city appropriation certificates or
rants were reported.