New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-10-11
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFE'CB,

NEW ORLEANS REPUBLICAN OFF'CB,
SATURDAY EVENING. October ~. 1914.
1t will be seen from the following that DOtwith
STA ndlng considerable receipts OF currency from
New York, one bank alone receiving $2OO,"OO. and
having + 1850 600 more il transitu, there has been
no increase in currency, indicating that the ont
flow has been equal to the influx. while at the
same time there has IL ateiIal increase IN
the loans, showing that the banks are acting hb
orally 10 their customers Thllr condition never
theless continues strong, and VIII ne SUI. iur1nef
less exchange on Kew York ELI 'uld W maintained
above the pa ity for transmission by express The
free movement in cotton moreover, must mate
rally add to their active resources ,:. aud enable
them to extend still further facilities for the
movement Of the crop. The oneries ON lne street
continue Of moderate extent and there are but few
transactions cOnsumAted a. there 10 but little de-
sirable paper the market: Nothing has
transpir-d that indicates any change in rates.
We continue to quote first class paper. With collat
erals. at l0dl2 y cent and Al at lo1l and second
grade at v cent y month; FIRST class mort
cages are still, quoted at lO0ll + Cent y annum
and second grade at -.
NEW ORLEANS CLEARING HOUSE.
October 10. .......sl. ls;s's $ SIS oss g
same time last week. .s go IS lsY s e. g.
Total week before ...... 4oo3l57 40 S7s12s 10
We are indebted 10 MI y y. .ynard. manager
OF the New Orleans Clearing HOUSE, for the follow
ing compar tive statement vt the associated banks
for the week ending today:
Increase. Decrease.
S Spec.e: :.'...........''''''' $1,000 upcbsnsrI
currency I cy.'''''.'.''''''.'''''' x.,s COZ N'"Seu
Deposits. ourV
Gold opened at fo9}. dlOs,:. against ll0t at New
York, and after liberal bus less closed at the
opening ratesi in both marsgls touching ~ during
S11.NO, embracing 40 600 and $50 UNI ut losle
5000 and $1,000 '. 1895, AND 1900 and $1,000
at ln9a.
No sales of silver were reported. American half
dollars were still quoted st Ios' y nlO6'a. ana Mex
can dollars at Sc gold.
sterling exchange was without any variation
worthy OF notice. The movement was OF liberal
extent. amounting to nearly $40 GOO comprising
ssSSo anu and .SSe oo OBI biz q aans and x;eeS
Al clear a IS PIN: &ll,Ooo bill Of lsdins and Al
clear at Is 27a5 IS; A25o Al clear ut IS z:eaa3 rs
$1,000 do and 5000 bill OF ladnX at IS ~; A2o0U
bank at - 81; s2Oeo do at IS 3!1s Snd $500 90 at
s. 81.
Nothing trsnspired in .rancs, which were quoted
. shade higher owing 10 thtis scarcity
In German marks We noticed saes OF l.O,G'O At
lO34.
Al the close sterling bills were quoted AZ IS %
a SIS 20 for bill Of l1ding and Al clear, and IS 81
as 80 for bank and francs at 4..5 for CONNER
cal and - tor bank German marks we've still
quoted at 1881.
Tho ofeInss Of domestic exchange were of
moderate extent. but meeting with q fair de.
The sales Of New York sight covered $40 600, EN-
bracing : goo commercial at 3 " cent discount,
$40 900 and $3.50 do aud $4,000 private bank
$l5 600 bark at i. We also noticed sale of
S25.0OO fifteen days sight on New York at +
cent discount
The Danks continued to check on New York 81
par but commercial was quoted at = 1o-i6 y cent
discount, against lisa \ Yesterday
In stocks we noticed sales of 30 shares Home
Mutual Insurance Company at $50, and - do at
$2l.
The sales of bonds inclAdet 5000 city gold
bea ing per cents at IS i, and 10000 do At
SO 3; the. closed at about S.
No sales Of city scrip We're reported. Gity ap-
preparation certificates, Metro pOiitan Police
warrants a"d time certificates of 1879 still
quoted at 4.1-.
Nothing was reported in State wafraute. Old
were still quoted at Cog anu new At D0-.