New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-12-22
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,
-..-I N

MONETARY.
NEW ORLEANS REPUBLICAN OFFICE
TUESDAY EyKylNe, December q, 1875. :
The market was duh and the demand for money
slack both in bank and on the street. A fair move
ment was reported in gold and foreign exchange
with TRANSACTIONS at lower rates, While New York
SEN s!sh, Sss; In hosTa supply and also quoted at
in stocks New state cousols were quoted at abont
Yesterdays rates. In city bonds scarcely any
movement was reported, and it was difficult to OF
tain quotation for old consols or bonds of later
issues. The former were evidently materially
strengthened by the decs on published YESTERDAY.
while in come cases il believed that it would
benent all city issues, as tending TO increase pEb
bile confidence IN the security of interest pay
ments.
As will be from the report of the proceed.
ings of the City Council, published in another
column, the budget submitted to day by the Ad-
minisrator OF Public Accounts and refeI red to the
committee of the whole, is estimated upon basis
OF y per cent taxation, ard ig ores any provision
for interest except for redemption OF pr mirm
bonds accotdir 6 to toe plan now in operation.
The sealed proposals for the exchange of bonds
for the drawn premium bonds held by the city
VII be opened Tomorrow as previously adver-
tised.
We continue to quote exceptional paper at -as
y cent = anpum; Al DO at lOdll, and second grade
at l5dlS. Fist class NOR tgages still rule at 90l0
T cent T. annumi second grade are entirely nOml-
nal
NEW ORLEANS CLEARING HOUSE.
pscsmner 9eis aF 5ls !, Balances Bal INC s
December 2l...........,.. 26o7,O53 SO $40 a9s p
Thus far this week .....s ,s72 SEQ sc $s23784 80
Same time last week..... 7OiO. 760 10 507 0l2 %
T TOT asst, week; 33S5.s 20 I35 53 32S 81
Gold opened at l!2ss all3lc against 1885, at New
York, and after mOdera business closed at
li51ll3s t.tc lower than yesterday, against
embracing $4,000 at ll3 lie; sloOO at lis ~ sioOS
at llJt.; 5000 at ll3s dll5A: $4,000 and $4,000 at
No Gales of silver reported American half
dollars were quoted at 1893. dl6SH, against 1899
no yesterday, while Mexican dollars continue to
rule at IS, gold.
Under the decline IN gold at New York and a
sight weakness in New York sight, sterling was
francs ruled at about the same yesterday. The
movement in boil was of fair extent. The sales of
aud &5O10 bill of ladiug and 4250O AL clear at
S. a; 427,O 900 bill of lading at SIS 43hd5 AK;
10000 and aaoOoO do at SIS 44a5 Az a35oO Al
clear at - t2WU bank at SIS Alb { 1000 do, at the
counter, at SIS 40, and $500 do at IS So
The sales of francs u. ace comprised as 600 CONNER
$4,000. IS 600 and 200 900 at s.62t..
In German marks we noticed q sac of 100000
At the close sterling bills were quoted at IS i31s
rs a a fer bill of lading and Al clear. and a
50 49,, for bank counter rate SIS 49,, and
francs at 4t3a4 di.025. for commercial, and nom.
NAL for bank.
The offerings of New York sight were of liberal
extent. and not meeting quite as strong demand as
yesterday CONNIE rcial was nearly Lilo per ce4t
lower.
commercial at 1892 p cent discount, and S25, 900
$50 600 and $780, 90 and 1870, 600 private bankers
100000 do and bank ard $4,000 bank at 7l6.
We also noticed sale of $40 900 commercial on
Providence at ! t, cent discount.
The banks continued to check on New York at
y cent discount. while commercial sight
quoted at : l6 against liza y yesterday.
The sales of stocks comDrecd IS shares Factors
and Traders Insurance Company at S9OG9o so; 10
do at &9l and at auction, by Colonel c. Z Girardy.
fol account of succession of L. F. Generes 1874
81 ares Mechanics and Traders Bank at Sll and
Al sun Mutual Insurance Company at S78 so
The effect OF Judge Woods decision yesterday
in old city consols was not fully developed but we
heard that they were held higher. Other city
bonds were also strengthened bv the impression
that the decision will protect their coupons. The
only sale reported was $1,000 premium issues
at PSF.
quoted at the close at about SIS ass Il against 81
055a Yesterday. The sales included S 80 900 at
54a4, $4,000 at IS and Il 5000 at ssh.
No sales of city scrip were reported. It was
still quoted at 4TaiS Tor August 10 December,
1873 time, and July to December 1874 and at 5Ua
81 for June and part of May, 1874.
Yesterday, not before reported $4,000 Metropo
tan Police warrants of 1894 issues were sold at
8t and $4,000 at 30 these Is sues being in demand
and held iu few hands and owing to the proximity
OF the paynel ut OF the city licenses for which they
can be used, were held to-day at about So No
sales, however, were reported. Oth issues are
being quoted at 63 ass for 1928
issues, and entirely nomiha for lS7f2 and 1885,
Old state wafraI Is, fupdable, were st'll a oted
at 4ldi2; do lot fundabe at d, and 4Odi5
Tor 1874 issues. Nothing lranspired.
49,