New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-30
Monetary--Commercial.
MONETARY.

MONETARY.
oPFcR OF THE DAILY REPUBLICAN,
SAruRDAY Ev1NING August 70, 1874.
me money market Is quiet and unchanged. The
offerings are OF fair extent at the banks and mod
crate on the street, while the rates of commercial
paper continue without apparent variation. We
out collaterals at 90l0 ~ cent per annum; first
class at oh; Al at l2O- and second grade at
TX = cent per month. First class mortgages
are still quoted at about 10 y cent per annum
and second grade at -.
NEW ORLEANE CLEARING HOUSE.
.,., CIearlngs. Balances.
august 49, .;...:.....;.... 1896, 1887 s78,72O 81
Total week before $3.50 1856 90 5IO,O96 66
We are indebted to Mr.. ]. N. Maynard manag-
OF the New Orleans Clearing House, for the follow
ing comparative statement of the associated ban ks
for the week ending August 49,
Increase. Decrease
specie. ...,.. $50 900
currency. ......... las 600 ....
LOANS. OBSERVATION-DISCLOSURES .. 90 900
DeUoslts... ...... $500.
IT. We are graitied to learn that the affairs of the
leutonla National Bank have been Lonoribly end
saIlsfac t0rlly settled. On the report we presume
or the bank examiner and other evidence, the
Controller OF the Currency has authorized the in
stltufiOp to go into voluntary liquidation, which
would not have been done had not that officer
been satisfied fthe good faith and integrity of
the present management. Otherwise q receiver
would have been appointed. Nothing now re mains
but for the stockholders by their Votes on tues.
day to aut horize the liquidation, to which, of
course, they Will assent. The deposits have been
drawn down to a very low point, but in order to
enable the bank to pay all it has been necessary
Tor it to accept the offers of the Germania Canal
State National. Union National and Metropolitan
Banks to rediscount its portfolios. The bank now
calls upon depositors to withdraw their balances,
and upon all creditors to present their claims for
immediate settlement At would be difficult to
iiad in the annals of banking under the national
banking law an instance III which bank has been
lquidated more creditably for which much is due
to the confidence reposed in the cashier, and that
officers energy and perseverance,
Gold continued to rule at i09 4 dlG9A in this mar
ket ard 1924 in New York. The business was of
moderate extent, being confined to 5l9,0C EN-.
bracing s 1000 at 1898, $4,000 at lO92s s 5000 ri
lt9k and $4,000 at 1853.
20 sales OF silver were reported American half
dollars were still quoted at 1864 0l041a, and Mex
lean dollars at 80 gold.
Nothing transpired in city scrip. City appropria.
ton certificates Meropolitan Police warrants and
time certificates OF 1873 are now quoted nominal
at 45d46.
Old State warrants still quoted nominal at
3003l for large, 32G33 for medium and 1896 for
small. No sales are reported. New State warrants
entirely nominal
Foreign exchange was without quotable varia-
ton. The only sale of sterling reported was $1,000
bill of lading at So 30, but nothll transpired in
traLcs.
A. the close sterling bills were still quoted at
IS 81 for bank and francs nominal at 4.721s
for private and - for bank.
The offerings of domestic exchange continued
quite limited, and with a moderate demand rates
were without quotable variation. The only sales
of New York sight reported We're $25 O00 CONNER
cial at 932 = cent premium and S35 900 bank at
The hanks continued to check on New York at y
t. cent premium, and commercial sight was still
quoted at 05-lo.
Nothing traIspired in stocks.
Ia bonds We noticed better feeling in city gold
bearing seven per cents. which were. however,
without quotable variation, being still quoted
nominal at i3dii. The sales included $1,000 at
~ a, and S 1000 at 431a.