New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-22
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE
SATURDAY EVENING, August 81, 1875.

NEW ORLEANS REPUBLICAN OFFICE
SATURDAY EVENING. August 81, 1876
We have nothing of interest to record {
to-day's market The demand for mono
has fall len off at all of the banks, and tn
volume of business transacted was limited
On the street there were few negotiation
little paper making. The unfavOrablo II
ports Of damage to the crops by the recen
rains have depressed the market and dit
c0uraged both borrowers and bankers, VIII
are disposed to postpone negotiations dul
| ing the present unsettled weather. TIL
! continued rains during business hours to
day restricted operations, and added to tn
Discrimination to transact business base.
upon crop prospects.
We note little movement in gold and ex
change, which eympathized with the genera
dullness. Some sales of stocks are re
ported, of which the particulars are givel
below. Nothing is reported in city or Stat,
bonds, both of which are reported dull ant
nominal.
We continue to quote first class CONNER
cial paper and collateral loans at 809
cent " annum discount; AL do at 100 IL
and second grade at 150l8. First class
mortgages rule at 900 y cent y annum
second grade are entirely nominal.
| NEW ORLEANS CLEARING HOUSE.
August a, ST. G9ssis ssa Is s ss3:Rs: ).
Same time last week.. e6s,s67 q so,sll Il
3Ss: Nest, ;;ss Nsss s5sss g IS
Gold opened at 1923 1885, against
business, closed at 1l234 1884, against
1888 in that market The sales were
confined to $4,000, comprising $4,000 at lib,
5000 at 1875, and $1,000 at 1874.
No sales OF silver were reported. Amer
lean half-dollars were still quoted at 1O5ls
0l06ls, and Mexican dollars at 409414.
gold.
Under the decline in gold at New York
foreign exchange fell off Ito " cent for
sterling, and Is for francs; but the market
was without any movement worthy of no.
tice, and quotations are nominal. The only
sale of sterling reported was $4,000 bill Of
lading at 549h.
Nothing transpired in francs.
At the close sterling bills were quoted
at IS 4S1s as 49A for bill of lading and Al
clear. and nominal for bank, and francs at
-@4.6lA for commercial and -04.56A for
bank.
The offerings of New York sight con.
tinued light, and with limited demand
rates were unchanged. No transactions were
The banks continue to check on New
York at IS y cent premium, and CONNER
cial sight is still quoted at -05l6.
We noticed more movement in stocks.
The Gales included go shares of the Work
ingmen's Bank at So; shares New Or
leans Mutual Insurance Association at
$2l IS; New Orleans Insurance Company
at $2S and - Bank Of America at $50.
City bonds continued weak and nominal.
No sales were reported.
Nothing transpired in State Ct nsols; they
are quoted about a 53l5-a little lower
than yesterday.
No Gales Of Metropolitan Police warrants
are reported; they are still quoted at 65 06S.
As the State Treasurer continues to pay
issues of 1874, the offerings of State wal
rants of that year are light, and meet with
good demand at higher figures. They are
now quoted at 50055 for large and IS $50
for small, against asa So for the former yes
terday, and SO for the latter. Issues of
l87 3 and previous years, fundable, continue
to rule at 35 036, and 90, not fundable, at
--029. Nothing was reported except small
lots of 1874 issues.