New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-09
Monetary--COmmefcial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN, /
SATURDAY EvRNINa. August 8. 1874.

OFFICE OF THB DAILY REPUBLICAN,
SATURDAY kvRSIss. August 8. 1874.
The money market is quiet. with Q fair demand
for discounts at the banks and moderate offerings
on the streets. while the few transactions re-
ported In CO mmercial paper are without quota.
BILE variation We continue to quote selected
cent per Al mum, first class at l00-, Al aJ
lI0lL. and second grade at 1h p cent per
month. Fret CT ass mortgages continue to rule at
iV y cent per annum, while nothing is reported
in second grade.
NEW ORLEANS CLEARING HOUSE.
august S..;;..:......... s6sl.369 IS $50. oa3 ID
Total week before....... 3,437, $50 "a SOL 5l7 SO
We are indebted to Mr.. l. n Maynard manager
OF the New Orleans Clearing House. for the follow
ing comparative statement OF the associated bank
for the week ending to-day:
specie. &13 ONO
Currency. ......... ~ 2l5 600
deposits 1888 900
LOANS. ........................ S276.OOO ......
We learn that by vote of two-thrds of the
shareholders tine capital stock of the Teutonia Ma
tlenal BANK mas been reduced to $20OoO8 (all paid
up), and that since February / its deposits have
Increased from SOS OOp on the first of February to
evidence OF greater confidence in this institution.
me executive officers are ]. r. Wilderman. pIesi
dent; Louis Reder, vice president, and James J.
Taret on. cashier. Under their reduction in num-
$lI7 ~' ~
We also learn that by a vote of the stockholders
the par value OF :he Crescent City Railroad Com
pany has been reduced to $50.
Mention was made short time since that the
been instructed by the Controller of the Currency
to max call upon the shareholders of the Cres-
cent City National Bank for 20 " cent OF their
ST OK to pay the deficiency i'll the assets of the
bank to meet its obligations. We learn that the
cali not having been complied with the receiver
has filed bill in chancery IN the United States
n fOrra he n a i'm
We mentioned some time ago that dividends of
IS " cent had been paid by the receiver of the
In regard to the New Orleans National Banking
Association nothing definite can be stated until the
LEGAL proceedings ~ home and abroad are settled.
Gold opened at lO9h 0ll0. against llOs at New
York, and after moderate business, closed at the
opening rates in both marRets. The sales summed
$1,000 az lOss4. s2Ooo and si6,o5o at lOs5, and
$4,000 and s 1000 at ITO.
No sales of silver were reported. American half
dollars were still quoted at 1040l05, and Mexican
dollars at s8 gold. or l07 in currency.
Under tine influence Of the decline in gold and
bills at New York, sterlibg exchange closed about
$1,000 bill Of lading and $4,000 Al clear at IS 49,
Francs also were quoted lower. but no sales were
reported
At the close sterling bills were quoted at IS 81
as 32la for bill of ading and Al clear, and IS SO y
for bank, and france at Alba 472h for private
and - for bank.
The offerings of domestic exchange were quite
light and with very limited demand rates
were unchanged The only sales reported were
$4,000 commercial sight on New York at 9-32 ~
cent premium and $500 on Providence at 3 l6.
The banks continued to check on New YOrklat y
y cent premium. and commercial sight was still
quoted at 05-l6.
In stocks We noticed a sale at auction, by Messrs
Nash and HOdgson, of Is shares Hibernia Insur-
ance Company 1888 20 paid up) at $33, and do.
1886 paid up) at *3i.
The sales of bonds included $4,000 city gold
bearing seven per cents at 48ls. which was about
the closing rate.
City scrip continues inanimate. City appropris-
ton certificates and Metropolitan Police warrants
still quoted nominal at 47GDi8, and time ceItiti-
Gates of 1873 nominal at Al
State warrants. are without any apparent
movement ard are still quoted nominal at 30032
for large; 33d "a tor medium. and 35036 for small