New Orleans Republican., 1875-11-23
MONETARY AND COMMERCIAL.
MONETARY.
MONDAY EyKyISG November ~ lB75

INV ORLEANS REPUBLICAN OFFICE, I
MONDAY EVENING, November %, 1875
The market to-day was without material
change. The banks reported somewhat
better demand for discounts, but on the
street the offerings were moderate. Cash
gold was very scarce, and the difference
above the New York quotations was in
creased to-day. Foreign exchange was in
fair supply, closing stronger than at the
opening, while New York sight was firm
under good demand. A quiet day was re-
ported in stoC ks and securities. Premium
bonds were reported somewhat weaker,
which was attributed to the attachment of
city funds deposited in bank under unsatis-
fed judgments in the United States Court.
Other city bonds, however, were rather
stronger than on Saturday. There was
more inquiry for new State cOnsols, which
sold at an advance.
We now quote exceptional paper at "a 10
second grade at l50lS. First class mort,
cages rule at 90l0 y cent y annum;
second grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
Clearings Balances.
November 2l.'..........'. 2i03OsO 81 i26os2 is
Thus far this week .... $3842,7l7 s. s3ll ,o56 II
Same time last week.. $685. 334 u 454 1892 p
Total last week.. l204e0s9 "A 1245,7l5 SO
Ao'o4 "cch pSioie. iI;iE-oif 70 iif<i,uUo VI
Gold opened at Il4B all5A. against
HAS at New York. and, after a moderate
business, closed at 1lj4 d1l5la, against
very scarce. The sales summed up $40 900,
embracing $1,000 at lli34; $1,000 at lis;
$1,000 and 10000 at 1lj'4, and $4,000 and
1000 at lljl2.
No sales of silver were reported. American
half dollars are atll quoted at l0949 O.,
and Mexican dollars at yi3 a. gold.
Foreign exchange opened at previous
rates, but under the decline in gold soon
after the opening fell off lec for sterling,
while francs remained unchanged; owing,
however, to the subsequent Improvement
in gold in that market, sterling recovered,
and was quoted l2c higher than at the open.
ing, and francs stronger. The movement
was of fair extent. The sales of sterling
comprised t6l 900. embracing $4,000 AL
clear at s. as; 100000 do at s. 4S05 40:
e2500 do at S. 40; sl2000 do and bill of
lading e5 4S05 49l2; $500 and 1000
do and fl2,500 bill OF lading at 50 49 q
49le; $1,000 bill OF lading and AL clear
at s. 49l9 as 80
The sales of francs comprised 335, 900
commercial, embracing $4,000 and 200, 900
at 400, and 10000 at 60as,
At the close sterling bills were quoted
at 50 4Sl9 a 3 49la for bill of lading and AL
clear, and nominal for bank, and francs at
4.60 for commercial, and nominal for bank
The offerings of New York sight were of
liberal extent, but being in good demand,
commercial was stiff at previous rates. The
sales covered $395,O00, embracing $4,000,
$4,000 and $4,000 commercial at as v
cent discount; 900 do at III 80; Sis, 900 do,
Sj0.O aud$ 100000 do private bankers at
5-l6: S9O,0C0 private bankers at 5l609,32,
and $25, 600 do and $4,000 bank at 9-32.
The bal ks continued to check on New
York at u v cent discount. and CONNER
ciai sight was quoted at 5l6.
The sales of stocks included 10 shares st.
Charles Street Railroad Company at ST.; 90
New Orleans Insurance Company az $50 IS,
and some shares of old and new New Or
leans Gasight Company OF which the part
culars did not transpire.
In bonds we noticed an active movement
in new State consols, the sales of which
comprised 500 500, embracing $4,000 at
56i4, $4,000, $4,000 and $4,000 at 5Gl2, $780,
900 at 81, 30,009 at 81 057 Is, and $4,000
and $4,000 at 57A; they closed at about
81 0j7A.
The sales of city bonds included $4,000
new city currency seven per cents at ~.
Old denominations of city issues were gen
orally stronger, while premium issues
showed some weakening.
The following were the sales at the New
Orleans Stock Exchange to-day: 20 shares
New Orleans Insurance Company at $50 30,
and $1,000 city gold bearing seven per cents
Administration seriesl, and $500 old city
seven per cents at 2S
Metropolitan Police warrants are still
held at 7jdS0. No sales were reported.
State warrants of 1874 issues continue
entirely nominal, while 1873 and previous
years, fundable, are still quoted at IS &c.
and do not fundable. at -Q29