New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-05-05
Monetary--Commercial.
MONETARY.
OFFICE OF THE DAILY REPUBLICAN,. l
MONDAY RvKNINe. May 4, 1874. )


MONDAY RvENINe. May 4, 1874.
We hear reiterated complaints Of extreme dull.
ness N every department OF the money MARKET
We also notice more capital king investment IN
first Glass paper and unexceptionable tecuritlee
while other grades are neglected. The banks are
absorbing sll short business paper. the offerings OF
class signature are in request by lenders and this
description continues SCARCE. Loans on eppIoveo
colat erals generally done at our inelde quota
tce ut the rates AL and second class are also
easier. We now quote first class paper, WIN Q.
without collstsrals at e9lOse cent anhu 11 d cent
month. OCCASIONAL transactions are reported IN IN
first class mort cages 1t u W cent ~ an"n' '0'
nothing has trsnspired IN second q aoo'
NEW ORLEANS CLEARING HOUSE.
CIear1ngs. BalAnceA-
Nav, ,393, IA SO $98.5i0 u
Nav 4s............... l,2l4,469 vs. 1880 VI
Tina far this week. -. S2G07.593 43 $26l sig Is
Same time last week. 2s4s as6 10 90 10 10 q
Total last week..... 1871 s4a 80 s az. ,S 81
Total week before. 7.453143 40 liooa.74S 81
David wallace, ". H. Thomas, H. Mullsn. John
). walton, W. H. Holcomb, and Henry Otis we're
chosen directors of the Louisiana Savings Bank
The wing were elected directors of the Am
monia and Thrrmo Specific Propelling Company:
Messrs g. sLaugh.nd: b. cam !oS MilIandon.
H. A. Frederic, kdm. Burthe. Alex. BoHnevai' .. D.
Wheelock, J. Ferd Kraeme. z. A: Conrad. j. FRED
IL. w.
the amendments 10 the constitution adopted py
the stock holders. the name has been changed 10
"Lamm's Priceless Engine Company, ana the hum
her of dire ctors has been educed TO nine; tranS-
fers of stock are to be made in tie books OF the
company instead of on the back of the ceIuncate
as heretofore. We learn that the cars of the com
Chicago and to be in 81 Louis and MO JaheIro.
Gold opened at ll2s Gll2a, against liz 81 view w
li2OiI2a, against ll2hs in that market The sales
summed up 5 $4,000, embracing sloeoo at li2i;
1909 and ssoea Fl JAY II and d 500 at IL
Nothing transpired IN silver. American nan
dollars are still quoted at lo7h 0losh. and Mexican
dollars at ll0Olll.
TIndsr the influence of the decline in gold and
an extremely dull market, sterling exchange gave
way fully 4lo cent: Jhe sales were c9nnee aa 10
4 40oO do and s3ooo Al clear at IS 431s, and $500
bill of lading at S. Az. -
and no sales worthy Of notice were reported
At theclOse sterling bills we're quoted at IS w
as 43la for bill of lsding and Al clear. and S. a
O. for bank; and francs at 46504.63% tor pr
yate and nominal for bank
The offerings of domestic exchange were OF
liberal textent- unusually so, considering the lin
tied movement in cotton and light offerings OF for
eien bilis-and rates were without guotable varia
ton. The sales of New York sight covered $3.50 600
cent discount; $40, 600 commercial and $4,000 pri
vate bankers At 1872; 900 CONNIE cial, Sl5OOo
and &45 0O0 private bankers and $4,000 bank at
SIG: S $1,000 10 QUO and $50 600 commercial, 5000
private bankers and $4,000 private bankers at
4 and $50 900 commercial and $4,000 bank at
s32
par and commercial sight was still quoted at y
as Is ~ cent discount
No sales of stocks we're reported.
City gold bearing seven per cents were In de-
mand and higher. but the only sales reported were
5000 at 81 4 and $1,000 at 52s the market opened
the market; but did not hear of its being filed.
No other sales of bonds were reported.
The sales of city appropriation certificates in
cIud.d 5000 at 62sf which was about the closing
rate.
rants. which we're also quoted ct about GIN.
1t was runiored on the street that some parties
contemplated applying for an Injunction to re-
strain the city from receiving Guy scrip on pay.
ment of taxes under the ordinance passed by the
City Council april 81, the appllcatied being based
on some technical objection in the law relating TO
MetropOlit an Police warrants.
Nothing was reported in State warrants except
small sales for the pay ment of taxes. Large are
quoted at ab0at al; medium at ~ 44, and small
ut As ll5C.