New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-12-14
Monetsry--C Commercial.
OFFICE OF THE DAILY REPUBLICAN,,
SATURDAY EVENING. December Is. 1874
MONETARY.

/ MONETARY.
| oFFICR OF THE DAILY REPUBLICAN,.
/ SATURDAY EVENING December Is. 1873.
The money market continues to improve. but
| without any quoaDle variation in street rates or
| apparent abatt ment in the demand for Discounts
| The Clearing House statement for the week shows
! On in srease in deposits and currency, but no
| change in the discount line. The Clearing House
| banks, at their meeting this evening resolved to
retire the Clearing House certificates by next sat
| urday and thereafter to settle the daily balances
1 in currency. This may be regarded as a virtial
assumption. We continue to quote street rates for
| first class paper accompanied BY une xceptionabe
out colaterals at rs O., and second grade at 2Wa
| First class mortgage paper continues TO rule a.
10 p cent T. annum. and second grade st llOR
NEW ORLEANS CLEARING HOUSE.
| Clearings. Balances.
| December 49,. .....:. s2,sS8 946 % $',a6873 g.
| Same time last week 1893 U47 ~ 233,2S3 10
Total last ~eek... IS $50 siS 8, l,s3i a5t "a
Total week before. l4,7SS,3i2 II s8z374 IA
Currency opened at 4 al - cent premium but,
under the influence of the falling off in the de-
nand aud srge receipts. the market closed at a0
currency ty express from the seventh to thir-
teenth inclusive, aggregate i TAI ga. Of which
1901 3l4 WIS received TO day. II must be borne in
mind that notes of large denomination are con-
siautly transmitted by mail. These heavy re-
eepts will, Lo doubt, be followed by additional
supplies.
Cola opened at lo9a4 0lioA for currency, and
li0A OIL for certified CHECKS, I'D closed at at
and ll0 6oli for the latter This only sale re port
ed wac 900 at ll01Il0a for currency. No sales
TOR certified checks we've reported. TIE New York
market opened at 1884 and cos. d at ll0A
NO sales OF SILVER were reported and quotations
coAttnued nominal.
The movement III sterling exchange was of lib |
eral extent, and, under the influence of the ad |
vance III gold and bills at New York the market |
Closed ut y tScent advance for private bills ard |
about Tor bank. The sales amour ted TO G84 200
comprising 425O0 bill OF lading 1t lI8; G30Gc al |
clear at llsi 925co and $4,000 do ut lIeA $500 ard
44,c0 20 at So; Els 00O bill OF ladina at ll9A0
il8.a; 800 Al clear and f900O bill Of ading at |
llSh; ga 900 do at 1884. BIT 900 do aud Al clear
at l6l al IL; 10000 bank at ll9; 42G00 do at lI9A
Il l2Vo do at 1884, and $1,000 do at l20.
J he sales OF francs comprised 40 a0O emb. acipg |
20,CCo and 10000 commercial at a5 100 goo and
900 do al 483aa $50 100 do at s33 al 82b and
- 600 do at 482k. |
Al the CLOSE sterling bills were quoted at I1gA0
iiS% tor bill OF ading and Al clear, and 1l91s o.
and nominal for bank |
German marks were quoted nominal at 1881 "a |
l04. |
The offerings of domestic exchange were of lib. |
eral extent and rates were without quot able varia-
toD. The sales covered s 1871 coo embracup + 50 600
sight New YORK at Lar; s 10 900 md |
44o0o0 do s 900, S33 600 and $50 Coz private |
bankers and p25 coo and $50 900 mink ;t ~ cent |
premium: 5 is QUO bank So, Isl 5000 corlgJ+rcial |
ana SoSo 900 bank at y; $4,000 private bankers at
b 10 ana ? ioo00 on Providence at par.
ne banks continued to check Ou New York at |
Az cent discount for currency and Il y cent pre-
MUM for certified checks. Ald private sight |
was quoted at par0S " cent premium.
NO safes OF stocIs were reported.
In bonds we noticed sales OF $1,000 city gold bear.
ns seven per cents at 81 and 5000 at 5z7s.
The sales OF city appropriation certificates ln- |
,luded $500 at IS. |
The only sa.es of metropolitan Police warrants
reported were $500 and $1,000 at TN.