New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-22
M0netary--C0mmerciaI.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN
SArrRnAY HuRN,SsG March d 1Gra

MONEIARY.
OFFICE OF THE DAILY REPUBLICAN, /,
| SATURDAY EVENING. March 81. 1874.
The money market continues quiet and
| easy with moderate demand for discounts
both in bank and on the street. The few
| transactions reported on the latter show nc
| variation in rates. We continue to quote
first class paper with eollaterals at 9 a 10
| T. cent y annun, without at i q IL; AL al
| 0ll5 y month, and second grade at ?.
First class mortgage paper rules at 10 q II
| Fs.cent T. annum.
NEW ORLEANS CLEARING HOUSE.
! Clearngs: Bslsncea
same time last week. aoaosts 50 1885 81
| Total last week.. 1ll52 1867 81 l455604 81
Total week before. II 5734O6 % l3sO5o7 SO
We are indebted to Mr.. 1. n. Maynard
for the following comparative statement of
the associated banks tor the week ending
March 81, 1874:
Increase Decrease
Deposits ............ as 600
Loans. ACKNOWLEDGEMENTS. ..... 4l7.O00
Gold opened at l1I5s GlllR, against
III y in New York, and after moderate
business closed at the opening rate,
against liza in that market. The sales
were confined to $4,000, embracing $4,000
at ll1ss, $1,000 at liza, $4,000 at 70, and
$4,000 at lll5s lll34.
No sales Of silver were reported. Ameri-
can half dollars are still quoted at 1862 q
JOl y, and Mexican dollars at lO8 a l0Sle.
The movement in sterling exchange was
of liberal extent, and under the course Of
gold at New York the market closed at a
decline of lilo y cent. The sales summed
up el09,600, comprising $500 and $1,000
bin of lading and SIl00 Al clear at
s. 36le; $1,000 at S. 361a as 81; $4,000
and 5000 bill of lading at S. 81;
$500 bill of lading and AL clear at
IS 36l3 as 371a; s2O,OJO bill of lading at
% 81 as 81 II; $4,000 bill of lading t30,O eco
do and Al clear at s. 374e. and s2OO0 Al
clear at IS 371a; 10000 bank at S. 40, and
fl500 private b lke-s' sight at S. A.
Tn sales of francs comprised 10000, |
EN- bracing 10000 commercial at 472le: |
100000 and 900, 900 do at 47Oas; $50, 600 do |
at All "; and so 900 bank, for gold, at 5 2lA.
At the close sterling bills were still quoted |
at S. Sc as 81 for bill of lading and AL |
francs at AHA for private, and nominal for
bark.
The offerings of domestic exchange were
of liberal extent, and rates were with
ont quotable variation. The sales of New
York sight covered 100000, embracing
$4,000, $4,000 and $4,000 commercial at
a v cent discount: $4,000, $30,0O0 and
9fo.UuO COMMERCIAL, S&U,UUU, 2o,UUU, S3U, UUO, |
$50, 900, $50, 900 and $45, 900 private bankers
and $50, 600 bank at 7-322, and $4,000 bank
1t BIG.
The banks continued to check on New
York at par, and commercial sight was
till quoted at Y a3-l6 Y cent discount.
The sales of stocks included % New Or
cans City Railroad Company at sl60, and
It auction by Messrs. Nash & Hodgson, 10
It. Charles Street Railroad Company at
"a so.
We noticed more activity in city gold
caring seven per cents, the market open
1g at about 20, and closing at COLA q 591e. |
he sales included $4,000 and $4,000 at 60:
5000 and $4,000 at 601s; $4,000 and $4,000 !
t GOA. and $4,000 at COLI.
City appropriation certificates opened at {
"a 81, but being in request ruled at the l
ose at 81 q g.. No sales Of any magnitude
ere reported.
The only sale of Metropolitan Police war
Ints reported was $1,000 at 75l2; the mar I
1t was quoted at the close at about Is.
State warrants, both Clinton and Graham, :
'ntinue quiet, and are only in demand in 3
nall amounts for the payment of taxes:
ey are still quoted at As for large, and !
a IS for small.
Nothing was reported in new CLIFTON : =
ate warrants, which are quoted at SO a 81.