New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-04-15
MONETARY AND COMMERCIAL.
MONETARY.
EFW ORLEANS REPUBLICAN OFFICE,
RRnNlsnAY EHRN1Na AnriI Il LIS

WEDNAsDAY EVENING, April a. 1879.
| The money market presents no new features Q
| special lniele t. The volume OF bank dePGsiti
! shows only q moderate ehrinkage, and the supply
OF avail liable capital is still IN excess Of the de
capitalists. and 1General indispo.itiOn toy mbarl
in any venture. still assigned as the chic
causes of this condition; and now that the mos
active period Of the business season is at an end
for the present.
| As will appear from our quotations below, deal
ers in foreign and a. nestle exchange id q. fail
amount of business at . slight change from yes
terdsy's Eates while stocks were less active. As
on yesterday, the movement in securities wai
chiefly COL tired to State bonds which were III
better request ard showed q marked advaL ce
while city bonds were inanimate aud quoted .,
sishtly lower rates. The causes signed for thii
depression are mentioned below. The Governor
veto Of the amendment to the city charter passed
a. the late session Of the Il gis lsfure was an
nOunced in the afternoon and IN accol dsn &c
with The prevailing sentiment in commercial CIT
clss, WAS supposed to be calculated 10 exert are
vivtDg IL fu-nce.
We continue to quote first class sixty days
paper and collateral loans at SG9 y cent Y an.
Firet class mortgages still rule at 90l0 p cent p
annum while second grade are entirely Lornnal.
We omitted to motto. last week that the ST.
Charles Street Ratoad Company had declared q
dividend Of ; per cent, payable Oh and sitter the
twentieth instant.
Gold was more active. The market ened at lis
0Il5A against us. At New York aud Close d at he
opeiibg rate in both markets. touching lis durii
the interim at New York. The sales summed up
s23 100 at ll5's and 5000. 1000 and $1,000 at
ll5a.
silver continues without any apparent move.
ment Amt rican halt collars are still quoted at los
Wlo81s while Mexican dollars continue to Iule at
s6k az. gold.
fureign exchange wa. shout llo y cent higher
for ster ing, and J. for francs. The movemt nj in
the former lilnitt D. beng confined TO &22 100
cOmaris Dg 235o0 bill Of adiDg anr 9l5M Al clear
SIS SS1s as 49, 42VoO do at IS SO, snd .fy0s bill of
ladipg t.. The only sale r. ported in the latter
was IS O0O commercial at 4.53a4 04.53.
At the close sterling bills were quoted at SIS 571e
as 58,a for bin Of ading and Al clear and SIS 6h0
- for bank. and francs at l53a4 O4.524 for CON-
me, cial and \ 5od- for bank.
W fair offt rings ana q limited demand COM
mercial sight on Sew York exhibited further
slight decline, while The bank checking rate was
unchanged. The sales covered 500 O0O, embrac
ing $50 600 commercial and Is OOO pr .ate bankers
at y cent premium; $40 co., : 20 600 and $50 900
The banks checked on Rev York at y y cent
premium, and commercial sight WAS quoted at
-d9-32 against 9 81 yesterday.
The movement in stocks was of Moderate ex
tent, and the OILY marked advance reported
v as Ill Louisiana National Bar k shares, which
were quoted &3 so higher than last week The
sales included loo shares LOuisia. a Ice MaDuiac.
tuying Company At 1923: 20 Louis ana Oil Works at
$50: State National Bank at SO, and - LOUIS
lana National Bank at 6l08 50.
Owing to some vague apprehension Of depress.
isg influence trcm tho proceedings Of the called
meetil Of the holders Of old city cent con
sOIida, ed bonds TO be held on Saturday. and the
uncertainty with regard to the action of the state
Legislature for the relief Of the city, gold bearing
seven per cents unsettled and close d nominal
at s70-. No sal+s were reported. Yesterday, not
before reported, $40 OOO sold at 80.
Under the influence OF the accomplishment of
the political adjustment, an active demand sprung
up for new State consolidated seven per cents.
which continued Gil day i'll the face of rapidly ad
we've quoted fully y p cent higher han sester.
6av We learn that nearly all of those bonds
which have recently been funded from abroad have
been returned and Of course are not OH the mar
act. The Gales and Tes.le5 TODAY summed