New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-01
Observation-Disclosures.
&.-..-..-.l,.r.-.......lg
MONETARY
OFFICE OF THE DAILY REPUBLICAN, !
SATURDAY EVENING February o. 1874 (


OFFICE OF THE DAILY REPUBLICAN, (,
SATURDAY EVENING. February 49, 1874.
There no change to notice in the money mar
ket The offerings at the banks are OF moderate
extent, and the demand for discounts on the
street is limited and confined mostly to loans OF
collateras. No transactions are reported that
cate any variation in the rates Of commercial paper
we continue to quote first class paper with col
!aterais, at l00H ~ cent " annum, without col
iaterals at III Al at l0lH y month, and second
grade at O. First class mortgages rule at 1Odll Y
Class.
NEW ORLEANS CLEARING HOUSE.
Clearnes: Balances.
February 2s......... 1861 1857 35 E2o7,52 5:
Same time lastweek. 2o60.l0 80 l5o,5s9 Il
Total week before =. IA $50 $50 80 l,5l0 SIS Il
We are indebted to Mr. r. N. MAYNARD manager
OF the New Orleans Clearing house Association
tor the following statement
WEEKLY STATEMENT Of THE ASSOCIATED BANKS.
oe,os:.s iDc 1a5s Decrease
...... S. iii
specie ........... .............. 91eoo ......
ton Exchange:
New YoEk February IS. 4. M.-Money rate +ds,
carrying rate (gold) 3.
LONDON. February %. $50 P. M-Amount of
bullion withdrawn from the Bank OF England on
Gold opened at ll2ss ans against !l2s. az New
York. and after liberal business closed at liz Il a
~. against !l2a: at New York: The sales
IT,. ..1s.' $4,000 at '''9 a'a and $4,000 at
No sales OF silver were reported. American hals:
dollars were still quoted at 1893, 0O9A aud Mexi-
can dollars at ll0}a OIL.
Under higher rates for New York sigh. and
fair demand. together with slight advance in
gold at New York, private sterling advanced
-lo cent. bat bank. being less in request, fell off
"a poco ne sales eso summed up S3oGo comprising
and $4,000 AL clear at S. 4ls $50 900 bill of lading
and Al clear at S. 4l05 AZ, 900 bill of ading
at 80 4! "a ~, i10O0 bill of ading and G2200 and
1000 Al clear at so a. and s 1900 bank at SIS Al.
The sales of francs included 50 GOO commercial
at 466l.. and IS coo private bankers at a623.
At tne close sterling bills were quoted at
IS 401Sd5 Az! for bin of lading and AL clear and
SIS 40 as 4'i: for bank, and francs .. 1868 tor
private and nominal for bank.
The offerings of domestic exchange were faoder.
ate. ana while the demand was limited, rates
were shade higher for commercial. The sales of
New York sight covered 1920 900, embracing 10 600
commercial at t. cent discount; SIS 600, S35000
and $4,000 private bankers at par: $4,000
MUM. and $4,000 bank at 3-32. We noticed sales
also Of $1,000 commercial Providence at 4 y
cent discount. and $4,000 commercial On Boston
Lilo.
The banks continued to check on New York at :,
t, cent premium. and commercial. sigh. was quoted
at par al l6 = cent premium.
. III STOCKS We notice SAFE OF II shares
Louisiana Mutual Insurance Company at $50.
Sales also reported of other insurance companies
ana rallroad companies. OF which the paytlcular
were withheld.
City gold bearing seven per cents were more
tive. The market OK eued at about SO i, but closed
unsettled, being quoted bv some authorities at
~ asa. and by others at So ash. The GALES and
esales summed UP 500 coo EN- bracng 10 900 at
.8ig: 1900 at $50: $4,000. $4,000 and s Is, 900 at
187a; $5Orv in several amounts at So $. and $500
at 383..
We also noticed some demand for Carrollton city
bonds excited by anticipa tious Of annexation to
New Orleans. but no particulars transpired.
The sales of city appropriation certificates IN. !
Guided $4,000 At a. yAey We're quoted at the close
II Is. ]
sale Of 5000 METROPOLITAN Police warrants
Was reported st r. and $4,000 at IN. which were
about the closing rates.
The onlv sale of State warrants reported was
$4,000 at so. The market closed nominal &: 80 tor
a.Se GeE0Mi nations and 53a55 for sulaI!e