New Orleans Republican., 1875-10-03
NEW ORLEANS CLEARING HOUsI

|
the Bank of California.
The 1T itement of the associated banks
| published this morning above shows con-
| siderable decrease in currency and deposits,
and an increase in loans over the previous
week.
We have no change to note in the money
market. The demand continues good both
| at the banks and outside, "a slight diminu-
| tion of offerings being noticeable at one or
two of the banks to-day.
| In stocks and securities the market is
| without any noticeable feature of interest.
With the exception of an auction sale, of
| which the particulars are gwen below
nothing lie reported. There is little inquiry
| for this kind of investment under the pres
| ent strong commercial demand for money.
| We natice that the exchange OF the new
| city bonds for those subscribed TO the pre-
| MUM bond scheme is progressing. and that
| some OF the new issue are now i'll the hands
| of subscribers.
We continue to quote collateral loans at
I00l2 y cent per annum discount; AL do
at ls s0l4 " cent " month, and second
grade at Ia 6ll5 First class mortgages
rule at 10 " cent v annum. We hear OF
no negotiations in second grade.
Gold opened at ll65s ll67s, against
lI67s at New York, and alter a liueral busi.
ness closed at ll70ll7A, against ll7A in
that market. The sales summed up SOS 00).
embracing $4,000 at ll6A; $1,000, $1,000
and $4,000 at lii; $500 ami $1,000 a, liz h;
$4,000 and $4,000 at HIS s0ll7A, and
$1,000 and $4,000 at ll7A.
No salss of silver were reported. Ameri.
can half dollars were still quoted at 100
ll0l3, and Mexican dollars at 93i1 094 gold.
Foreign exchange opened at previous
rates, but under the subsequent advance IN
gold at New York sterling was quoted 2 10
v cent higher, and francs ls The move
ment was quite liberal in the former, and of
fair exJt n in the latter. The sales If ster-
ling comprised f63 0G0. embracing f4OOO Al
clear at S. 5219; $4,000 bll, OF lauing and
AL clear at S. 53lR; 10000 bill of lading and
AL clear at S. 53le as 81; f2500 and f500O
AL clear at S. "a; 1000 bill of ladiny at
s. 5i95 SAN; Ell 900 do at -, and f25O0
and f5000 bank at f5 81 ".
The sales of francs amounted to 10000,
comprising 6000U CONNER cial at -, and
80 900, 30, 900, $4,000 and 10000 do at 4,5Sas
At the close sterling bills were quoted at
IS 53l9 as 54la for bill of lading and AL
clear, and nominal for bank, and francs at
4.5834 for commercial. and nomipa al for bank.
The offerings of New York sight were of
liberal extent, but meeting with only
moderate demand, commercial fell off Lie
bracing $1,000, $1,000, SEC, 900 and $50 900
com mercial, and $l0,0 900 bank at IS.
The banks continued to check on New
York at par, while commercial sight was
quoted at -0as v cent discount against
5-l6 yesterday.
The only sales of stocks reported were at
auction by Mr.. John G. Monrose, for as
count of the succession of Williamson Terry,
and comprised 90 shares of the Carrollton
Railroad Company at $6i so, and 10 and 2s
of the st. Charles Street Railroad Company
at $67 So Although the sale was well at
tended, there were -ery few bidders, and
the impression was toat the stocks sold
below their market value.
The only sale of bonds reported was at the
above auction, and comprised 20 $500 JEFF
ferson city is sues at 2S v 100. City issues
and new State consOls continue steady and
firm at previous rates.
Nothing transpired in Metropolitan Police
warralts; they are still quoted st 65 070.
No sales of State warrants were reported.
Issues of 1874 are still quoted at 60 65 for
large and 65Q70 tor small; 1873 and pre-
vious years, tundable, at -029.