New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-10-25
MONETARY AND COMMERCIAL,
MONETARY
NEW ORLEANS REPUBLICAN OFF1CK.
SATURDAY EVENING. October q. 1874.

MONETARY.
NEW ORLEANS REPUBLICAN OFFICB.
SATURDAY. EVENING. October p. 1874. {
We have no new feature to notice in the money
I the banks. and moderate on the street. Nothing
1 has TRANSFERRED in commercial paper that indicates
any change in rates. We continue to quote good
/ commercial names, with OF without collaterais, at
! 9Hl2 y cent p annum, and good second grade at
| l50ls, with occasional transactions at 2 y cent ~
month. First class mortgages still rule at lC0l1
l ~ cent y annuM. while nothing 10 reported in Sec
0nd grade.
NEw ORLEANS CLEARING House
October l. ;......;... slls s2s $ s78.oB 0.
T : sns i t,%e .sss week.: Isl g S5s 81 :; 20
I Total week before ....... 6,656,5s9 70 l,l:3,856 II
! We are indebted to MI. 7. n. Maynard, manager
| of the New Orleans Clearing House, for the follow.
I ing comparative statement Of ths associated banks
/ for the week ending today:
Increase. Decrease.
! ..... 5000
| OBSERVATION-DISCLOSURES. &l5.0OO ......
LOans...... ..-................ ...... 10000
Deposits. los, 900 lnef) ......
Gold opened at 1927 0losa, against 1los at New
York. and after a fair business closed at the
opening rates. againt ll0is at New York. The sales
summed up e.. Ssso @' embracing $500, at 1907;
$4,000, 5000 and $1,000 at lOst and $1,000 at
1879.
dollars we're still quoted at !o6 BIO, and Mexi.
can dollars at 96h gold.
Under the influence Of the decline in gold at
New York and the weakness in domestic exchange
in this market, sterling ruled and closed about Lilo
y cent lower. The movement was Of moderate
extent, comprising il50O bill Of ladinR and EIOOe
and $1,000 Al clear at SIS 28As; $4,000 bill of Iading at
SIS 2s05 49, 5000 do at SIS 23k0 49, El2OO do at
SIS 20; $1,000 Al clear at IS 29A, and $1,000 bank
at SIS 32A.
France were also lower. The only sale reported
was Is 900 commercial at AS.
At the close sterling bills we're quoted at SIS %
as % for bill of lading and Al clear, and %
SIS 80 for bank. and francs at a..6kQ475 for com.
mercial and - for bank.
The offerings OF domestic exchange were of only
fair extent, and meeting Will a liberal demand.
commercial was a shade higher at the close. bnt
without ~QuOtable variation. The GALES covered
$500, 600. embracing $4,000, $50 coo. 80 900 and
$40, 600 commercial and $3.50, 900 private bankers'
in several amounts at i y cent discount: 6I5 600
private bankers and &li, 600 bank at I3S. SOS O00
private ban kers' at SIS, and Is TO- 600 do At
The banks continued to check on New York A.
par. while commercial sight vas quoted At A0-
y cent discount.
In stocks we Noticed sales Of 5 ehsres ~ Now
New Orleans Gaslisht Company at SI45.
The only sale reported in CITY cold bear;no .ersr
per cents was $1,000 at 35. Etich was ahnut the
the closing rate. We also notice = sala Of 10
Crescent City Slaughterhouse at =,
The few transactions reported in eitv ac,;o Are
trifiing lots at retail, which give but little indica.
ton Of the market; however, it NAV be- nuoted
nominal at 46047 fof city Appropriated certihcates'
Metropolitan Police warrants aud time ceyt;Gcates
Of 1873.
In state warrants We noticed a saies OF 5000 old
at2a. Old were stu quoted at -c20. and new %5Q-.