New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-11-24
MONETARY AND COMMERCIAL.
MONETARY.
FEW ORLEANS REPUBLICAN OFFICE,

TUESDAY AVkSlS6, november 20, 1919. }
The market WAS more than usually quiet A
most OF the banss the demand was not SO strong
and on the street the offerings OF commercial
paper wac limited with no change in rates The
scarcity in cash gold continues and the difference
over the New YORK quotstions was more marked
To-Day than for come time. The movement in for
slight decline in the former Nothing was reported
III stock City bonds were dull while new State
consols were active, and q liberal movement was
reported at advancing rates.
In conversation with leading bankers and insn
ciers, whose position and xperience enable them
10 form re liable opinion OF the business situation
we are assured that there is nc cause for uneas
ness III the commercial community The embar'
ratsmenis which have resulted il the few suspen-
Sons which have lately oc urred mostly ANTE date
the pre- sent season. 1t would be unreasonable TO
expect that the long continued business deprt s.
sion of last year would not result in some mlefur-
tunes OF this character The failure to collect
outstanding assets aud the restricted dem md ier
many articles, the stocks OF which have proved to
be excessive, have, perhaps been the Chief causes
tor their occurrence Eastern cities have suffered
nuc h more seriously. as is couclusvelv shown in
the last quarterly report of the mercantile agency
But view of all the facts, it was hardly to be
expected that would escape unscathed. With
reference to community, it is gratifying
10 he assuIed by Il ose having an oppor unity u
be well informed that the { neral condition OF
business is now regarded as healthy, and that,
with few comparatively unim pOr amt RECEPTIONS
a II depart nents OF trade are free'Srom any sus
plcton OF unsoundness.
We continue to quote keep. ional paper at - a 10
r cent b annum isconnt; Al do at -0l2, and
second grade at ass FiIst class mort cages rue
at "a 10 = cent = amman. Second grade are en-
tirely nominal
NEW ORLEANS CLEARING HOUSE.
Clearings Balances.
November 2o.....,......s1,73 s SIC 70 sls4 1853 %
November q ...,...,.' ie3os1 q l!t o,2 y
Thus ia. This week ...,.s 81 222 2o3 90 s5a67. 90
same time Ia It week.. 8 2S9tse 8 6+8t5l %
Total week before. ,3li 80 l,225 O63 0l
Gold opened at ll5l- dl15}. against lli'i at New
York, and, alter hunted business, closed at ll50
ll5,s, sganst li4a in that market. Cash gold
continued very scarce. Tie sales were conf ed
TO S2l GoG. comprising $1,000 at ll5a SIP e0O al
lisa all5's, and + 1000, s2coo and +5o@O at l53s.
No sales OF silver were reported. American half
dollars were still quoted al 1895. a, and Me xican
dollars at 94h a., gold.
Under the decline il gold at New York sterling
gave way IL arfy &c, or about lao v cent, aud
francs n.aty , +. cent: The movement in both
KS 500, embracing { $3.50 Al clear a. s 4s, 1000,
1000, $4,000 and f3o1 bill of laong al So 80,
5000 d" and Al clear AZ SIS +sSi as 40 s. and 98o'o
and l6 000 do at SIS 1915 4g@S.
The on y Gales Of francs reported were I2oo0o
commerce. ] at -, and u! 900 at 400.
At the close sterling bills were quoted q: SIS AZ
u5 40 fer bill of lading and Al clear, and al So
for bank, and francs at 400 di.6b for commercial
and nominal for bank.
The offerings of domestic exchange were of fir
extent. and met with mode rate demand at rather
easier rates for commercial. The sales comprised
5000 600 embracing 425 600 commercial and $500
and IS coo private bankers at e Y cent discount;
$4,000 aud oWO commercial and 10000,
S25,0U0 5000 and s5O,oO0 private bankers at
5-l6, and S5U00 private bankers al %.
The banks continued 10 check on New York at
! y cent discount, while commercial sight was
quoted sic.
No sales of stocks were reported.
C,ty bonds were quiet and weaker. New State
cOrsuls were in active demand, and advanced
fully a Y cent, being quoted al the close at 57l4
as
the sales of the latter comprised Sl3i60O EN-
hracii IN 600 at 81 u SiG00 and Si0O t0 ~ ST.,
81 600 $4,000 and ZOO at 81 g. and $50 o. at
So; also, at the Stock Exchange, 5000 at 57h and
420yp0 at 81 s..
Tie only .ale Of city bonds repoI ted was 5000
new city currency seven Per Ceats at q i.
Nothing TRANSFERRED i'll Metropolitan Police war
rants. They still held firmly at 1890 in a
ticipation that they vii! be taken for city licenses
i'll January.
No sales of State warrants are being reported.
Issues OF 1874, continue entirely nominal ana 1873
ano previtu us years, fundabe, still quoted at
35a and do not fundsbe, at -Q29