New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-06
Monetary--Commercial.
MONETARY.
OFFICE OF THB DAILY REPUBLICAN,
MONDAY EVENING, January 5, 1874.

MONETARY.
OFFICE OF THB DAILY REPUBLICAN.
MONDAY EVENING. January 5, 1874.
The money market e1 hibits further indications
of increasing ease. The payments to-day were
unusually heAvy-lf are not mistaken, the
heaviest OF the season-but were met with remark
able promptness. The banks are discountiLg free
IL and accepting nearly all the approved paper
offered. In the open market heard of only a
moderate business. The demand, however. con-
tinued fair: Nothing transIpred to show any
marked ariation in rates. We continue TO quo e
street rates first class pap+r, accompanied by
uuexceD,iOnable colaterals. at l0lk = cent =
month; Al without collaterals at "a, and sec
ond grade at 2a3. First cass mortgage paper con-
tinues to rule at 10 p cent = annume and see
ond grade at 1ldl2
Shw ORLEANS CLEARING HOUSE.
Clsenpgs. Bslances
January '...oo.. 10000 s2,673,o2l 2. sl5aslo g
January s..ee.e...o. so'5Ul - o'Sio 40
Thus fas this week $40 0i2 g s339 82l g
Same time last week. SIS. o.: !. f''s'i ~
Total last week 5000 IA l3o.3.e.I !i3e56z ..
The following telegraYs were ?o...: q: She Eos.
0on Exchange:
NEW. SorK. Jarna,s :: =. I.-c.r:,.n: rats.
IesSos a. JanaarS go r m-ca.e o, a.c.u,.
On three months bills a. Che open market IS 81. ~
LoSDoS Januarvs $50 p M.iueu.. .. eri:fjon
gone into the Sank u England OF balance to-day
We omitteSeo notice sass week That the :ouis.
ana Eatiohai Bank had declared q semi-annusi
dividend Of I. cent. pay.bie in this city or de
msnd and in New York a. .he banking house of
Mrssrs. Wns.o"s IanieS :. t0. Oh sad sttes '1e
She SoiIowine w... Elected directors .: sis
Sew Orleans Gaslighs Company; Messrs lanes
Geddes. [. W. Burhidge and AIOiD soeh..
Ieau; and Is the NeS Orleans an! ca1.
regard and Messrs. Alexander Bonnev.i. George
Jonas Carl Kohn. Joseph Hernandez Fl; a. Lsssas
ser, Paul Fourchy and Louis Grunewald.
(,.lI N ainst 4, al NJ
York, and closed at lIlls alil3, against llit. ~
that market. where it touched ILL., during the
5 1000 at lo7. $1,000 at III, $1,000 at Ills l5,oo0
ill \, $4,000 llia Dlll's, $500 gnu 5000 at
Slls, and Ss50O and $1,000 at III.
No SAFES Of silver were reported Ames.ca'i halt.
dollars are quoted as So'd soo end Ne xisaa dol.
The movement =, sterling exchange was %
liberal extent the sales amounting 10 Gtl,30gs
and embracing 420Oe Al clear at 525; 1000 do
at s2:,.; $500 do at 527a 9a7oo and s2aoo at
lading ard 81 | eco bill OF lading and al clear at
s29a530; $1,000 al clear at $50; $3.50 bill of aiing
and Al clear ano at S29 si9'o b Of sd aa
53l; G25 600 bill of fading at SO 053l; 5000 and
slooo American ships bill at Sali and 500 bank
The sales of francs comprised .00) commercial,
embracing 20n0oO and 100000 at s:s 80, and
Al the cio.e sterling bills were .uoted az s. 2,
as 81 for bill of ladlng and Al clear bills and
IS $50 for bank, against IS 25-a q = = ON
Saturday for the former and $50 j31: for the
latter, showing an Improvement ~ searly :.
cent.
Francs were quoted a. s:oc;.:'15 fer p.i.s.e. aad
nominal for bank
The offerings of domestic .changs were % lib
eral extent, and rates 7Sege Tl5hous quota
Bile variation The sales covered &425,J60
New York sigls. embraci1; bl5,Gs commercial
and S25,0Oe private bankers az y cent
discount; So 6"o copu,ercial at ,.9Hs $500.
500 0uO and $50 0OO commercial, $50 private
bankers and S29, 900 bank at 9-i6; Si0,oeo and
$4,000 commercial and $40 00) phi vate bankers
at i and $4,000 and SIS 600 private bankers
at 1852. We also noticed sale of : $50 sight OIL
Providence at q.
The banks continued TO check Few York at
1 T. cent discount, and commercial sight WAC
still quoted at ssdh
In stocks Loticed sale OF SO shares Louisiana
Ievee, preferred, at =. .
the GALES of bonds included score city gold
bearing seven per cents at 5Ot..
No sales worthy of note we're reported il city
appEOuSlsti0 Ger sifcates OF warranSi.