New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-08
MONETARY AND COMMERCIAL
SEW ORLEANS REPUBLICAN OFFICE. ,
SATURDAY EvESISG. August :. 1875. (
MONETARY.

SEW ORLEANS REPUBLICAN OFFICE ,
SATrRoAY EvEsISG. August :. 1875.
The improvement in the demand fol
| money heretofore noticed appears to have
become more general. To-day most of the
| banks report fair offerings for discount, and
| the volume of business is evidently on the
increase. On the stree: the inquiry is
] ing interest. The rates Of commercial
| paper and collateral loans are quoted firm.
but without any auotable advance. We
! notice scarcely any movement in foreign
or domestic exchange. Transactions in
| stocks were confined to an auction sale of
| which the particulars are given below. City
| bonds were dull, and new State con-
| solidated stagnant a: about previous quo
| tations.
The funding board adjourned to-day to
meet on the second Wednesday in Septem.
Der, unless eoones called together by the
Governor. We learn that in response to
the telegram of Messrs. Kennedy & Co.,
Of New York, proposing TO send an agent
oa las. Tuesday, to fund s600.000 Of State
bonds in their possession. the Governor
had telegraphed a statement of the issues
fundable, with the announcement that the
board would adjourn to-day. Nothing
further had been heard from these gentle.
men up to the time of adjournment.
We continue to quote first class CONNER
cial paper at 609 y cent p annum dis.
count; Al do at 10 0l2, and second grade
at 1913. First class mortgages rule at
500 y cent y annum. while second grade
are entirely nominal.
NEW ORLEANS CLEARING House.
Angus. sss sessf e FL is5s sls ::
Same time last week.. 4i.ye5s 10 1908 80
Total last week SOD 81 . $3.50 i
Total week before....... 390,9'a 50 s!o,lis 3.
Gold opened at 1854 oll3si, against 1875
at New York. and after a limited business
in that market. The sales were confined
to 800 900, comprising $4,000 at 1888. $1,000
at 1885, $1,000 at 1885 GlI33,, $1,000 at
1884. and $4,000 at 1875.
No sales OF silver were reported. Amer
lean halfdollars were still quoted at los
0I06 and Mexican dollars at "a a 941s, gold.
Foreign exchange was without quotable
variation, and the movement quite limited.
The only sales OF sterling reported were
f250O bill of lading at S. 48. $1,000 Al clear
at IS 81. and fl200 bank at s. So.
Nothing transpired in francs.
At the close sterling bills were quoted
nominal at Is 5005 81 for bill of lad.
ing and Al clear. and "a S. Sd for bank,
and francs at 4.6o for commercial. and
56ls 04.55 for bank.
The only sales of stocks reported were
too IoiloWlOg az 0uctlOn Dy MI. y. T.. Glrar' |
dey: 10 shares St Charles Street Railroad |
Company at SIS 25, and Is do at SIC. The !
Calcasieu Sulphur Mining Company shares |
were Withdrawn. |
City bonds continue weak and nominal. |
The only sale reported was $1,000 old city
six per cents at i6s4.
No transactions were reported in new |
State consolidated seven per cents. They !
were still quoted at about 52452A.
Nothing TRANSFERRED in Metropolitan Po- !
lice warrants. They continue to rule at !
65 q S.
No sales of State warrants we're reported. |
Issues of 1874 were still quoted at 40 a 45;
1873 and previous years, tundable. at IS |
36, and do. not fundable, at-029.