New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-05-10
Monetary--CommerciaI.
MONETARY.
OFFICE OF THR DAILY REPUBLICAN,, I

MONETARY.
OFFICE OF THE DAILY RRPUBLlCAN,l
SATURDAY EVENING, May g, 1874 )
The money market continues quiet and easy,
with Little or nothing doing worthy of notice. The
offerings OF approved paper are light both in bank
aha on me s itt ana sus ~ ~
class at p cent y annuIn. We continue to quote
first class paper, with or without coaterals, at
grade at iaiN p month. First class NOR, cages
still rule at 10 p cent p annum. while nothing Is
done in second class.
NEW ORLEANS CLEARING HOUSE.
cs.r, Ing 70 ss la sss 20
Same time laet week. l.393.l24 50 300 u
Total last week 1885. $50 So sss'sls !,
Total week before. 7,s27.s47 80 92s.7os 81
We are indebted to Mr.. l. n Maynard for the
Banks for the week ending to-day:
Increase Decrease
Specie. S1et% "" ''''''''
Currency. .-..-....... ZIoNn .'''.'''
Loans. ............... Z9ioU .....cc::
Gold opened at ll21s 0ll2a, against ll2A at New
liz oii2S lsa'. decline from yesterdays,
against ll2's in that market, where it touched
~ during the interim o The >, sas a summed
II21 oll2A and 5000, $500 and $500 at ll2as.
No sales Of silver we're reported: The market li rs
and lio0iil for Mexican dollars.
Sterling exchange opened at previous rates. but
under the inf uence of a dull. market. and the sub
sequeni decline in gold at New York, fell OF 2 10 y
cent The sales were confined TO 470o0, embrac
ing sg ,So bill Of ladi1s q IS 4' Es'o0 90 at
We notice a more liberal movement in francs
which were in better supply and met continued
good demand, which sustained rates. notwith-
sales amounted to 400 600 commercial embracing
$50 600 at 463a4 0462k; 10000 at 462h, and 200 600
at 46lh.
as 43h for bill of l4ding and Al clear, and s S 46
as A. for bank and francs ut 4.634a a4.62h for pr
vate and nominal for bank.
The offerings of domestic exchange were OF fair
extent and the demand being limited commercial
hardened without any quOtabe variation. The
sales Of New York sight covered $4,000, embrac-
ing $4,000 commercial and $4,000 and $4,000 pri-
vate bankers at 1882 " cent discount; $50, 900 pri
vate bankers and ~, coo bank at ~ and So oo
private bankers at i. We also noticed Q sale of
$4,000 commercial on Providence at y p cent dis
count.
par, and commercial sight was still quoted ut SIG
az " cent discount
At the quoted rates the securities on the market
pay from 10 10 "a p cent y annum, but owing to
want of confidence they continue neglected, and
there some indications that the unemployed
tranferred to Other markets for temporary invest
ment. This subject Is quite freely discussed on
the street, and general desire is expressed that
publishing satisfactory exhibits assurances of
prompt payment. should do SO for the public in
@ sg S ss
in the punctual payment Of interest, city bonds
wonld hardly drag, as they do, at the current
stocks. which issppcable to bank stocks and other
shares, as well. We feel assured that there is
nothing in the facts to warrant the want of
confidence referred to- but we note it sa feature
Of the market which can hardly have failed to at.
tract general attention.
In stocks we noticed sales of 50 shares old Cres-
cent Ssugh terhouse Company st &l2. and some
Merchants Insurance Company, Of which the par
ticulars were withheld
The sales of bonds included $1,000 old city seven
per cents at 48. and 5000 city gold bearing
per cente at So. The latter were offered at the
close at 52a4.
The sales of city appropriation certificates in
Guided 6 5000 at o. which about the closing
rate Of the market Metropolitan Police warrants
being rather scarce. were held shade higher but
no sales were reported.
State warrants continued in demand The sales
included $1,000 large at As $1,000 and s. 900 do at
453s. and $4,000 and 5000 do at g. At the close
large were quoted at 45di6, and small at 50d55
The active demand and high rates were attributed
to the expectation of large orders being placed on
the market, which led the few helders to be very
stringent in their nrpfpDsinns