New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-11-02
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE
MONDAY EVENING. November l. 1875.

NEW ORLEANS REPUBLICAN OFFICE,
MONDAY EVENING. November l. 1875
At the annual meeting of the Southern
Atlantic Telegraph Company to-day, the
following gentlemen were elected directors
for the ensuing year: John G. Games,
Carl kOhn, Samuel Simpson, j. I. boswell
and John B. LATTE. At subsequent
meeting of the board Mr.. John b. Lafitte
was elected president, and Mr.. Samuel
Today, being All Saints Day, was OBJ
served by large nhmber of our citizens,
and business operations were in conse-
quence somewhat restricted.
The week opens with a moderately easy
money market. Although considerable
shipments OF currency continue to be made
to the interior, and receipts last week from
the North were light-probably not more
than 5000, OO0-yet money is reported in
sufficient supply to meet the demand from
eligible borrowers, wi III no change in rates
for commercial paper
Cash gold continues in demand and above
New York rates. Foreign exchange is high
er, corresponding to the advance in bills in
New York. New York sight is in good de-
mand at shade easier rates. Stocks and
securities are reported without movement.
We continue to quote collateral loans and
first class commercial signatures at al u
cent v month; AL do at a "A, and second
grade at LIZ o.. First class mortgages
rule at 10 v cent y annum; second grade
entirely nominal.
NEW ORLEANS CLEARING HOUSE.
Clearings. Balances.
October 30: sl6lo,8e6 - Si8s73 98
November l............. l2b3'6S7 90 lOOsO O3
Thus far this week $50. s2s74 1853 81 s2s6,e32 NJ
Same time last week 275S, 36l 81 308s0 80
Iota! last week. '.'.'''... su4o,oil 80 $50 U6 y.
TOTAL week before. SkoJ.SlU ~ $4,000 ~
Gold opened at ll6as a 1l65s, against ll6as
at New York, and, after a liberal business,
closed at ll6A Qll619, against ll6 in that
market. The sales summed up $50, 500, en-
bracing $2500 at 1l6A, $l2,500 and $4,000
at ll6ss, $4,000 at ll6ss 0ll6l9. $4,000, $1,000,
$4,000 and $4,000 at ll6h, $4,000 at ll6le
0ll65s and $500 at ll6a4.
No sales of silver were reported. Ameri-
can half dollars we're still quoted at 1897
ITO, and Mexican dollars at 93093le gold.
The decline in gold at New York being
counteracted by the advance in bills in that
market, sterling was quoted lc higher
equal to 2-l0 y cent, and francs "A " cent.
The movement in the former was of fair ex-
tent, while in the latter it ives moderate.
The sales of sterling comprised f6l 900,
embracing f2500 and f5000 bill of lading,
El000 AL clear at IS 46; 100000 do and AL
clear at S. 4605 AZ; si500 bill OF lading at
IS 461s a AZ; e., 900 do at IS 46h as AZ,
$1,000 bank at IS 81.
The only sales of francs reported were
10000 commercial at A 6334, and $4,000 do
at 4 62k.
I, At the close sterling bills were quoted at
S. 4605 AZ for bill OF lading and AL
clear and -0$5 81 for bank, and francs
at 4.6334 04.62Is for commercial. and nom
inal for bank.
The offerings of New York sight were of
fair extent, and met q good demand at a
shade easier rates. The sales comprised
S262, 900, embracing $1,000, $4,000 and
100000 commercial at II y cent discount:
$4,000 do and $40 900 private bankers at
1882; $4,000, $4,000 and $4,000 private
bankers, and $4,000, $685. and $40, 900
bank at ZIG, and $4,000 and ESQ, 900 bank
at IS.
The banks continued to check on New
York at v y cent discount, and CONNER
cial sight, though shade easier, was still
quoted at -07l6.
All classes of securities continued very
dull.
Nothing TRANSFERRED in stocks.
No sales of bonds were reported. City
issues and new State consols continued dull
and weak.
Metropolitan Police warrants were still
quoted at 70072 No sales were reported.
Nothing was reported in State warrants
Issues Of 1874 are still quoted at So q
SO for large and 60 a 62 for small: and 1873
and previous years, fundable, at IS a &c and
do, not fundable, at -029.