New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-26
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFF1C1
MONDAY kvKyHNG, January Is, 1875.

NEW ORLEANS REPUBLICAN OFFICK,
MONDAY kvExfNG, January Is. 1870
| The money market continues quiet and easy with
. moderate demand for discounts at the banks and
limited offerings on the street and without quota
We continue 70 anot irs. class paper ssd col s
aDnum, Al do at loaI2, and second grade 1T
H0s. Strictly first class u MORTGAGES can be ne,
movement in other grades.
NEW ORLEANS CLEARING HOUSE.
January 2s.....s lssI.s55 S slssasa s.
Thus far this week. 90 s5se73 70 S4s1,4s4 %
Same time last week s32056l 81 3l4 S 6S7 81 81
Total week be fore last i,3'5.'1o Is 1,243's6s So
Gold opened at ll2s 0ll2a4. against ll2ss at New
York. and after far business closed AZ liz. q
ll24. against 1923 in that market, touching llZR
there during the interim. The sales summed up
s55 600, embracing $3OuO and 5000 at ll2h6:
SIS 900 and $50, 900 at 1922. and 5000 at ll2E.
In silver We noticed sales of 5000 in American
half dollars at retail at l07 The market was still
quoted for round amounts at l0o1lO6 for American
Sterling opened At previous rates. but under the
improvement in gold at New York soon advanced
2l0 y cent after which gold having fallen off in
that market it receded 10 and closed only LILO
higher than at he opening:
to $780, 09 comprising $4,000 ad 1000 bill of ading
At SIS A; S3sOO do at SIS 44ls 45oeO and 10000
do and 423 200 do and Al clear SIS 4405 IS: spoon
SIS 45l.
Francs fuctuated with the rise and fall Of gold
at New York but closed higher than on Saturday.
The sales comprised 250,0 600 commercial embrace
ing 10000 at 462 l0o,o0S at 4 62h di.6lh, and
100 900 at.
At the close sterling bills were quoted at s5 a
as IS for bill Of lsding and Al clear. and %
IS An for bank, and francs at ABOLISH for
commercial. and AGA for bank.
The offerings of domestic exchange were of lib
eral extent, and although the demand was fair
commercial ruled about ZIG lower. The Gales Of
New York sight covered 1913 co., embracing 5000
and $40 coo commercial and S2o 600 private bank
ers' at y cent discount; $4,000 and $4,000 COM
mercial and $4,000 private bankers - I6:
SIS 600 do at 532 and 40 ono, $50 600 and IS 600
at y. We also noticed a sale Of $4,000 CONNER
mercial Oh Providence at = y cent discount.
The banks continued to check on New York at
par. while commercial sight was quoted at SIG y
cent discount, against 1909 on saturday.
Nothing WAS reported in stocks.
The sales Of bonds included $50, 600 old State
six cents part issued for the relief the State
Treasury and part Ter past due bonds and coupons,
at =; $1,000 CITY god bearing seven per cents at
36 T. and $4,000 do at 3D. The latter closed at about
No Gales of new State consolidated seven per
cents were reported they were quoted at 37039
i. We learn that at the Session Of the funding
board to day an valid old State obligations that
were presented were accepted.
Nothing reported in city appropriation Ger
tifcates. They were still quoted nominal at 90
046.
The demand for Metropolitan Police warrants
was stimulated by the probability of their being
closed at about %: against IS on ssturdav The
S16 600 at '71s0 i8h. At the same time it was ru
mored that measures would be taken 10 test the
c onstitutiona1y OF the law compelling their re-
9 nee to other city floating debt and that Efforts
would be made to compel the city to take part
at least in city time.
The sales Of ate warrants included $1,000 new
at 54a and $500 at IS. Old were still quoted at
-d26, and new at -055. |