New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-04-20
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,
Monday EVENING, April 10, 1875.

NEW ORLEANS REPUBLICAN OFFICE, I
Monday EvENlHe. April 10. 1875.
The money market continues to present no ma
terial change but, if anything was more quiet to
The reports show . very moderate movement ii
@erca sterling. but not until pear the close snd
. hardening tendencv in dome sic exchange. The
! stock market was inactive and no transactions
were reported. ptratOrs in this department ap
pear to be waiting the action of the Legislature
Few transactions are reported in bonds aud these
The former were in fair request and closed steady
after come $4,000 had changed hands, at rates
showing Little or no variation from satnrdsys quo
tatiOns The latter we're Inactive and somewhat
dropping, only two light sales being reported.
We still find wide difference Of opinion in
refert nee to the effects Of the proceedings of the
holders of old consolidated city bonds. some cOu-
tending that the position taken by them will be
sustained by the courts, to the exclusion of the
serted that the action of the Legislature, author
iz,ng subsequent tissues has practically repealed
the restrictions given by the act Of 1852.
paper and collateral loaas at 500 y cent y an
NUM-; al do at 1922, and second grade at l50ls
annun while second grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
April l7,..............sl o16,4sl 70 s!os 1873 Of
April l9................ l,377,l7s II 1lz.42o So
Thus far this week. So, 453 62s "a s22o $50 60
Same time last week. 323.s52 Is 4o0.9IO S.
y Total last week.. 9,1S2 ~ 06 400 2g7 63
Total week befsre..... 9,793.O69 81 !, 1876 1923 Sc
The following were today elected directors of
the Crescent City Railroad Company Messrs
Archibald Mon, gomery, bert Strong hugh Ken
ntsy a 'oha Gs =, and John Henry
YORK: and after moderate business closed at the
opening rates IN both n arket. touching lis during
the interim at New Y TX: The sales summed up
$50 coo embracing $1,000 at IL; $4,000 at lis;
S2o oo0 at lsOll5A; $4,000 and : 600 at ll5, and
$l2, 900 at ll5l,
Su saI snf. n tod hale
dollars are still quoted at l0s0l08k while Mexican
dollars continue TO rule at 96's 0s7 gold
Sterling exchange ruled at previous rates until
near he close when under the influence of private
dispat ches quoting bills better at New York, com
n me.ciai ad' anesd lilo sent at which it
Frame n were unchanged. The only sale reported
was 100000 commercial at.
At the close sterling bills were quoted at SIS SO
U5 So for bill Of ladng and Al clear and %
SIS 81 for bank. and francs 4.53sa "a for COM
mercisl and i500'- for bank.
The offerings Of dOmes tic exchange were of mod
crate extent and meeting with fair demand con-
merei al showed slight hardening but without
quote Die variation ia rates. The sales of New York
sight covered $40 OOO embracing 81 600 and
80 goo commercial at \ " cent premium. ana
ssS 600 do I'D $4,000. $3.50 and S35 ooO private
bankers at 8 81.
The banks continued to check on New York at
. y cent premium, and commercial sight was
still quoted at asa
ported
City bond were dropping and exhibited scarcely |
ally animation, the only sales repsrted were $4,000
cry gold bearing seven per cents at 35 ard $1,000
at 35M. |
New State consoii lated seven per cents were |
steadier and in fair reqnest. The sales summed up
8 "A GEO. embracing $4,000, $40 0Oe and $4,000 at
50, and S50OO 10000 aud $25, 600 at 58k The |
mar ket closed at 58058t.
Nothing was reported in city SCRIP which ia now
uoted al 80 q 10, against 38 y 039h on Sa ur,lay
There is nothing doing in Metropolitan Police
which are still quoted at -052.
Nothing transpired in State warrants. OLD fund.
'ble are still quoted at IS, anu nev at so.