New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-04-23

Controller Green to be Punished for Con.
tempt-BOnd Robbers Remanded-Con.
djtiOn of the WOnes Market.

dition of the Money Market.
New YORK, April 22-At the general
term of the Supreme Court il was ordered
that process be issued to punish Con.
trOller Green for contempt. Green must
pay the dock commissioners a gross sum,
without detailed statement of it's uses.
Judge Brady dissented.
Charles G. Hampton. who was arrested
yesterday with SJ0G00 worth of railroad
bonds, belonging TO Colonel Phillips, OF
Pittsburg, was committed 70 await req quisi-
tion from The Governor OF Penusvlvanla.
Arrived Westphaha, Clyde, Manh attain
and San Salvador. Arrived out-Assyri& and
Halsatia.
Twelve thousand immigrants arrived at
this port last week.
Wall street is now having the calm which
follows storm. 4 gratifying feature of
improved feeling is the mania for mercan-
tile paper. The paper brokers are report.
ing a large business. one firm having yes.
terday sold $4,000 at very reasonable
rates. Currency is coming back from the
interior in large amounts, and legal tenders
now form an Important part Of the receipts.
/. The May interest on che public debt will
probably begin TO come out without rebate
on Thursday or Friday, the effect of which
on the bank reserves will be favora BILE.
On call loans secured by stock collaterals
the rates up TO the time of writing have
rtnged from t. cent gold to l-32 T. day,
it'll most of the business at l.6I and in.
rest. There are vague rumors that money
i'll again be made stringent before the
nal return of the market to steadiness.
But these rumors. in view of the large cur
rency receipts, are GIscredIted IN bank
circles.
Gold opened AZ J Il i., advanced to ll134,
and has since fallen to 1873 q il742. On
gold loan the rates have ranged from
fiat" to I per cent for carrying. Foreign
is Tp another i for sterling, leading draw.
ers are now asking lUSls for sixty day bills
and 1898 for short sight or demand. A
good many bills are making against bond
shipments 20 Europe, but the demand for
short sight il now active TO cover maturing
sterling loans. Government bonds are
strong, with a good demand from foreign
bankers aud from syndicate people.
The only sales of Southern State bonds at
the first board were 81 900 Georgia sevens
at SO, and $4,000 Missouri sizes at 9334. The
stock market, after quickly rebOunding
from the depression Of last week, j. dull
and steady, and spectators are canvassing
the chances for immediate future. 1t is
conceded that stocks si"e in stronger hands
than ten days ago, and that what are called
the teOvy men of the street, who have not
all been in harmony for nearly year, are
large holders.
Luter.-In the money market there was
hardening tendency for call loans, and
some business was transacted at l-l6 +
dem, hut the bulk of the loans were at
l-Gi 1872. Exchange was stronger early
in the day, when the leading bankers adj
vanced the rate to S3I. This advance
checked the demand, and the market clos
ed dull and weaker The closing business
of the day was at Si2. Gold opened III l2,
advanced to II 81, fell to II. e. rallied to
Il734, and again closed az li7A aiI7"s.
Loans were from to i6 for carrying.
New YORK, April -, Evening.-Money
hardening, l-64 a -. Sterling closed dull
at S24 Gold closed at ll7l4 a Il7as. Gov
ernments closed strong at d fraction ad-
vance in skies of 1868. Tennes-ces strong:
others very dull.