New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-28
MARKETS..
Domestic

Domestic Markets.
NEW YORK, August 27.-The Posts fna,
clal article says: Business. opened in Wa
street with the fact known that the Ban
of California had failed. The effect on tb
markets was a decline of "a rs in stock
or "a al y. cent, Including Panama. and q
advance of q in gold. The decline in stock
has been recovered or nearly 80, and, ther
has been: no excitement. The rise in gOl,
whysOuY Stock Exchange shnnld be directl,
affected bv the troubles in California.
The foreign exchange market wal ever
lees affected than the stock market. Tn
rates we're not changed. The Bank Of Cali
f0rDia has sold only ESQ., 900 untndorset
sterling bills in this market in the last thre.
weeks. This includes $4,000 on the ORR
entail Bank OF London, one of the best bank
there. Gold. here opened at ia. immedi
s'elv sold ut 1l4A, with the next ssle q,
2l4h. and with all sales since at ll3A a
Has On gold loans the rates ave been
a06'F cent " annum and ! g. q l-32 y day
for use. The rise in gold is not wholly
caueed " The Bank Of California failure,
although that had the effect of causing
other San Francisco houses to remit gold
from here to San Francisco. by telegraphic
transfers through the medium of the United
States tressuries. The other reason for the
rise in gold Is the decline of securities in
London. British consols being down to ".
while the Sap Francisco failure has M
doubtedly had an influence in London. The
main reason tor the decline in consOls is the
news from China. Money! here is as yester-
day, call loans being III a. y cent, and
mercantile paper as last quoted. The sus-
pension in Baltimore of the large sugar
hOnse of Stirling, AhIens& Co. Of course 10
much commented on. The paper of the
firm is mostly held ia Baltimore, and had
NO market here.
Foreign exchange is nominally here "a 80
and 81 891e for prime bankers sterling,
with sctnalerases about 81 1894 SGA and
4 1874 o. SO. Government bynds here are
strong and higher than yesterday, BY rea-
son Of the rise in gold. 8 ocks opened IA
rs below yesverday's closing, with Panama
4 v cent lower. In the f,st fifteen minutes
there was a decline Of l v can't in Western
Union Telegraph, " in Pacific Mail. v in
Lake Shore and Rock Island.
In the next fifteen minutes there was an
advance of "A 0lh. the latter Pacific Mail.
From 1890 to ll:30 A. NJ. there was a de-
cline OF "a ne, the latter Pacific Mail.
Sine, then there has been an advance Of "
OAs, with the market az WI write quiet
and steady. Panama, after opening at 4 v |
cent lower, fell 6 " cent, or 10 $50 on sales |
of $50 shares, and has not recovered on the |
report that the Bank of California people |
are holders of the stock. |
The extreme Gales, giving the stocks in |
order Of activity. have been as follows: |
Western Union ST. 1924. Pacific Nail 81 o |
aS1a. Lake Shore 60060A. Northwestern
0374e, preferred 62ls a 63, Erie 1874 ole. I
Ohio and Mississippi 1914 1884,, Rock Ia.
land 1918 q lO7 Is. Hannibal and St. Joseph
23A d23lz, and New York Central lO4as q
aO44.
Cotton closed steady; middline uplands |
f4Gc, Orleans 10 lsc; sales to-day 1893 bales;
yet receipt, "a, gross 2l0.
~ follows: August IA 3-l6 0l4Ac; Septem.
Der 1912 q lac; October Ii p 80 0l3l ii I6c;
November ID l9 32D13aSc; December 1884 a
" 2l732c; January IL 1882 013Ac; Tebru-
AIRY ID l5-l6c; March l4!sc; April Ia l $3.50
ola 1l-32c; May IA II 30H 9-l6c; June
Ia 1882 a l4Ac; July las OLA Is I6c.
Flour Gull; superfne Western and State
"a IS as 50; Southern -four quiet; common
to fair extra 46 5000 IS; good to choice ex-
ira 70 900S 50. Wheat less active; prime a
shade easier; grades under Nos. l and 2
lower, closing stead for prime; more de-
mand. chiefly for export; 81 2S0I "a for !
soft to prime No. 9 Chicago; 81 SO for No. 2
in store and Sfuat; 81 H0I 40
for No. ] spring; 81 46 for new amber Texas. /
fairly active 102c lower; 780S2c for !
steam Western mixed; 82083c for sail do:
IS o SOC for heated Western mixed; 84tc
tor yellow Western. Oats active; l02c {
over; 5906lc for mixed Western; GO Csc !
'or white do; 5Ok 06Olec for new mixed and !
White State; Western mostly out of order.
quiet; very firm; 1914 02l4c, :
20 d, for job lote;. jObbing trade fair. Sugar :
luiet; Z l5-l60SAc tor fair to good refining; i
'34c for prime; refined quiet and steady at
ossc, hard grades l0A elise. Molaeses !
lril and unchanged. Rice firm; fair in. 3
Iuiry. TallOw firm at 9asc. ROsin and tur- G
'ent;ne steady. Pork heavy; new mess c
90 lots go 30. Beef dull. Lard lower at !.
SIC for old prime steam. Whisky q shade q
at 81 "a. Freights dull and steady. s
n%changed. Wheat $50 a 81 40. Corn steady: g
.emand moderate at 73074c. Oats 80 SOC. !,
farley quiet; No. 9 spring d 20 81 IS. Rye j,
ulf 1t sO0SSc. Pork quiet At $40 500 L
. 40. Lard i%nactive: steam 13lse; kettle +
S-a a f4c- Bulk meats and bacon quiet and n n
nehanged. Hogs dull. Butter firmer; \
emand moderate at 81 10. g
81. LOUIS, August 2.-Flour weak and \,
uil; only local trade. Wheat dull: M. ;,
sed winter 81 1901 AZ; No. 8 do ST $40 u
33ts. Corn active: No. 2 mixed Sc. G.
'ats unsettled; No. 2 2s03SAc, RIVE
,eady and unchanged Pork dull M ia
2o02I 30. Lard duh: prime steam ].
'Ae in settlement. Bacon irregular and
Co''iO" suouiueTe "a USt2C: clear rib ia
rs 0l3c; clear I3ls 0I3kc. Whiskv Arm
unchanged. Hogs-Demand good at St
prices. Cattle steady; demand fair for St
BOD grades. N
CHICAGO. August H.-tlou, dull and q
wer, except for best grades. Whest-
emand fair at lower rates: No, l Chicago Gil
ring nominally 81 230I "a; No. 3 DO "a
1915 spot or August: No. 2do 81 OsIs Gil
Urn weak and lower; No. 2 mixed 66c spo, Gu
seller August. Oats easier but not quota "a,
= lower: No. 2, l0k a 4Olac spot or seller ci,
lguss. Barley quiet aud steady; 81 O5. q,
Her September, 81 03la, seller October. VI
70 quiet and firm; s3l4c. seller August.
'rk.Oemand active; $50. spot: $40 75a
seller September. Lard steady but lower;
9oc spot, or seller September. Bulk
'sts and whisky unchanged.
Foreign Markets. 10
August 81. Evenine.-farus Of
1 fabsics steady at Manchester. pe
clio