New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-15
Monetsry--Commercial.
MONETARY.

MONETARY.
OFFICE OF THB DAILY REPUBLICAN,
SATURDAY EVENING March a. 1874.
| The money market is quiet and easier with a
fair demand for discounts at the banks The offer
first class paper, which rules at lower rates and
| which we now quote at 91l0 y cent per al mum
with collaterals,. and Hap without AL is still
quoted at ldl3a T. month, and second grade at O.
| First class mortgages continue to rule at 1Gdll
y cent " annum. but nothing is reported in second
class on which to base any quot atoms.
NEW ORLEANS CLEARING HOUSE.
March g gls ssS ing 60 sa ,ss css
Same time last week. 2.l27Os5 % 1885 IL
To last ss week ss5ors g
The following kilograms were posted at the Cot
ton Exchange
LoNpoN, March IA, 4P M-Amount of bullion
Withdrawn FROM Bank of England on balance to-
day 42s4,C00
We al indebted to Mr. l. N Maynard manager
OF the New Orleans Clearing house Association.
for the following statement of the Associated
Banks for the week ending March IA. 1874
WEEKLY COMPARATIVE STATEMENT OF THE ASSOCIATED
Increase Decrease
Specie ..........: ............s. 500 600 w
Currency. Observation-Disclosures, $4,000 800.
DEPOSITS. go. ............., $4,000
Loans. Observation-Disclosures. .... 414OOO
Gold opened at his 0lll7s against Ill., at New
f0rk. and after lair business, closed at lll3. ~
liz. against ll2 in that market The sal, |
summed up $4,000 embracing $4,000 at III lIl6 |
5000 and $1,000 at lIl'l; 5000 at he 3. and |
$50 600 at lll34.
No sales OF silver were reported. American half. |
dollars were still quoted at l07 0l08, and Mexican
do lars at Zoe 0l03}s.
The movement in sterling exchange was of mod. |
crate extent, and under the influence of the adj
vance in gold at New York the market closed 2 10
per cent higher for commercial and LILO for bank. |
The sales amounted to about &5o.000 emhracin"
&2l 900 bill of lading at S. 49, al5OO do and $4,000
Al clear at SIS $685. El4 coo bill of ladipg and Al
clear at So 353a as 364a, and 10000 do at IS 361b
as ~.
The only sale of francs reported was 5000 com
mercial at 4.7o.
At the close sterling bills were quoted at SIS Is
as 36 for bill of ladiAg and Al clear, and SIS 39Is a
4o4s for bank, and francs at All IA 20 Tor pri-
vate and nominal for bank.
The offerings of domestic exchange were of fair |
e tent, and commercial sight was without quota |
BILE variation. The sales of New York sight covered
nearly S25O0W, embracing S25, 900 private bank |
500. $4,000 $50 600, $50 600 and $50 600 private
bankers at h $25 coo commercial at i colo and
s 900 do at sic. |
The banks checked New York at par, against
para 4 u cent premium yesterday and commercial |
sight was still quoted at \ Pcent discount.
No sales of stocks were reported.
The sales of bends included 5000 city seven |
thirty improvements at 52k s 1000 new CITY seven |
gold bearing seven per cents at 6Oa. 5000 do at |
i09 $500 do at 60a and 5000 city ten per cents
At II H. At he close hit ard that 81 was offered
or CITY gold bearing seven per cents.
City appropriation certificates were quoted |
bout 63 but no sales were reported.
Nothing was reported In Metropolitan Police |
Y variants, which were quoted at IS.
Yhe sales Of State warrants included S5600 |
afge at 40, and g 1900 small at so. They are now |
luoted at 46Q47 for large denominations and 50a5s
or small. |