New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-06-07
Monetary--CommerciaI.
MONETARY.
OFFICE OF TH8 DAILY REPUBLICAN,
SATURDAY RyRNINe, June 6, 1874.

OfFlCA OF The DAlLY kEPU6LiCAN,
SATURDAY EvESIN6. June &. 1874.
The week closes With rather better feeling
which has been strengthened BY the passage o
the Fort st. Philip canal bill by the lower house o
Congress, and the decision of the United States
Supreme Court in relation to municipal liabilities
The latter is supposed to have increased the &c
mand Tor gold bonds, the particulars Of which viii
be found below. The recent u Ovement in Jack
son railroad bonds was followed by further trans
actions day. The consolidated seven per cent
gold bonds OF this company were issued in May
$1,000 OCO, for consolidating the floating debt and
completing the Kosciu sko branch, which has since
The money ma, ket continues quiet and easy, the
offerings. both in bank and on the street, are lin
TIED, and no transactions are reported in CONNER
cial paper that indicate any qnotab!e variation
in rates. We continue to quote selected sigma.
lures with or without co!laterals, at 8 ~ cent
and second grade at l0ls y cent per month
First class mortgages rule at 10 y cent per an.
mum. while nothir & is reported in second grade.
NEW ORLEANS CLEARING HOUSE.
Inns e eie asa ass ss s a1s, &C. %
Same time last week 1868, 1852 50 1856 1872 Is
T Total last sss5o,s 20 s9slss g g
We are indebted to Mr.. l. N. Maynard, manager
of the New Orleans Clearing H-use, for the
following comparative statement of the associated
banks tor the week ending to-day.
Decrease.
Specie. ...... ............... s37 600
currency .................. ............. 252 900
Loans Loans: 900
Gold opened ct III p Oils against Ill q at New
York, and after moderate business at irregu-
lar rates, closed At III 9lll4 "a lower than yes.
summed up $500, embracing $1,000 at ILL
$4,000 and $4,000 at at I'M; $1,000 and $1,000 at
ill., $l3 goo at lllA; $4,000 at 1lla0lllss, and
No sales of silver were reported. American half
dollars are still quoted at lo60lG7 and Mexican
Sterling Of
rates and under the course of gold at New Xork,
closed about 6 10 p cent lower: The sales were
ading at; 1880 bill Of lading at SIS 80; s25Oo al
clear at IS Az, and $1,000 bank at SIS 47a.
The market was bare of francs and with q mod.
crate demand rates responded to the decline in
gold at New York, and were quoted materially
lower. No sales were reported.
At the close sterling bills were quoted at
IS 1895 40A for bill Of lading and AL clear and
IS go for bank, aud francs at 4.66 "a Is for
private and nominal for bank.
me 0nerlngs OF domestic exchange were light,
and with moderate demand rates were without
quotable variation. The sales of New York sight
were confined to $85 900. embracing : 10 400 com.
and $4,000 private bankers at 49, SIS 900 pri.
vate babke1s' at SIS, and $4,000 and $4,000 bank
The banks continued to check on New York at y
y cen! premium. and commercial sight was still
In stocks we noticed sales of 20 shares Mutual
National Bank, and - New Orleans City Railroad
Company at. and at auction, by Messrs. Nash l.
HOdgsOn, $50 scrip OF The Home Mutual Insurance
Company at Ice y dollar, and by Messrs. Hoey
OCennor. for account of the succession of Hugh
IS shares Hibernia Bank at $50 So 10
do at S8l, and Is Hibernla Insurance COMPANY at
$46 so: The 2l5 shares of Canal and Claiborne
Street Railroad Company and 4 Southern Pacific
railroad advertised were Withdrawn.
We noticed more activity in bonds, particularly
in city gold bearing seven per cents the sales Of
which included $4,000 at 5lt. $4,000 at SIN,
S 1000 and $4,000 at 5lA. and $4,000 at 52as. The
market was quoted at the close at about SIN for
Of
first and second mortgage Jackson railroad, and
some ten per cents, the particulars of which were
withhe d.
Nothing transpired in city scrio. Appropriation
certificates. and Metropolitan Police warrants are
quoted at about 50 06O, and city time certificates
1878, at 50.
Large State warrants were less in demand and
small more in request for pay ment of taxes Large
were quoted at 4O042, medium at 1905. and small
v 4oG55, according to size. No sales were re-
ported.
We notice that proposals for the eale to the city
II ten whaif improvement bonds will be receive
" the Administrator of Finance until Wednesday
he Seventeenth instant, at l2M.