New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-10
MONETARY AND COMMERCIAL.
MONETARY.
SBw ORLEANS REPUBLICAN oFPICs,

| MONETARY
NEW ORPHANS REPUBLICAN OFFICE, I
MONDAY RvEN1G, August 9. 1875.
All the banks report good demand for
money to-day, and the volume of business
10 evidently on the increase. On the street
we note good inquiry, and fair move
ment, with hardening tendency, but no
change as yet in the rates for commercial
paper or collateral loans. Otherwise the
market is extremely dull. There is scarcely
any movement in foreign or domestic ex.
change. No transactions are reported in
stocks, while city bonds are stagnant and
nominal. We hear Of some inquiry for new
State consolidated seven per cents at q
slight advance in quotations, but only one
sale is reported.
We continue to quote first class CONNER
cisl paper and collateral loans at 500 p
cent " annum discount; AL do at l00l2,
and second grade at 1913. First class
mortgages rule at 500 y cent v annum,
while second grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
Clear,hgs Balances
August 7................. $3.50 sss is eIso sI2 g,
August s................. o2l,77S VI e7,s'&ei
Thus far this week. s!,slsls Il e!ss 4sI %
same time lsst wtck.... i0is,s32 o. - ,ss9 50
Total Total ': :ss stfs s 81 g ss
Gold opened at ll3A q 1884. against ll35.
az New York. and after limited business
closed at 1874 0lI31a, against the opening
rate in that market, where it touched 1884
during the interim. The sales summed up
$4,000. comprising $1,000 A. ll3, $1,000 at
1872. $4,000 and $1,000 at 1l39s. and $4,000
and $4,000 at ll3as.
No sales OF silver were reported. Amer
lean half-dollars were still quoted at los
0106 and Mexican dollars at "a 094k, gold
Foreign exchange was without quotable
variation, aud the movement quite limited.
The only sales of sterling reported were
fl0O0 Al clear at s. 81. and $4,000 bank at
IS So
Nothing trsnspired in francs.
At tho close sterling bills we're quoted
nominal at y 5O05 5! for bill Of lad
ing and Al clear. and -0$5 IS for bank,
and francs at 400 for commercial. and
{ 56la 0455 for bank
New York sight continues in limited sup
ply, and with q moderate demand rates are
The sales were confined to
$4,000. comprising $4,000 commercial at
u " cent premium, go, 900 private bankers
n g 80 and $4,000 do at SIG.
The banks continue TO cheek on New
York at 'is Y cent premium. and CONNER.
,ial sight is stin quoted aS -05-l6.
No Gales of stocks were reported. We
noticed bid of 60 for sCitizens Bank,
which was refused; this ia an ad vance Of 10 |
points, equal to IS y cent, since the publ |
,atiOn Of its recent statement, which 10 un. |
entitled to the confidence with |
which it has been received.
City bonds are dull and nominal. No |
were reported.
New State consolidated seven per cents |
,eing more in request, with none offering, |
he market was quoted at 52l2 a 52a, |
'gainst 52052A Saturday, showing an ad
7ance OF " y, cent. The only sale reported
vaa $4,000 at 1924.
Notbing transpired in Metropolitan Po- /
ice warrants. They continue to rule at
5068.
No sales Of State ~arrabts were reported.
ssues Of 1874 were still quoted st 40 045;
e73 and previous years. fundable. 1T $50
6. aud do. not fundable. at-029.