New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-06-08
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE

MONDAY EVES!SG, June =, 1870.
The demand for money from mercantile
sources continues comparatively good
| Quite a brisk business was done in discount
a. some of t6e banks toiay. the pape
offered indicating a fair movement in ger
eral trade. On the street the demand fol
| short pa per was fair. With limited CteIlp Is
! this Class being chiefly absorbed by tht
| banks.
Stocks continue dull with an absence o.
any decided demand. and little or 10 dis
| position on the Part OF holders generally tC
realize at present rates. In bonds the sales
were more liberal than tor some DAYS past
| Ciy gold bearing seFeD per cents and new
| currency seven per cents continue to ex-
, hioit better feeling ard an upward teDden
| cy. Ihe demand appears TO be improving,
aad holders are more confident and tirmer
| in their p-etensons
New State cops0l5 showed some activity.
! and closed at en- advance of about three
| points over Saturday quotations Whether
! this can be attributed TO the resolution of
| the council of foreign boncholGers in Lon
| don to fund their Louisiana bonds under
| protest, it is difficult 20 say. Considerable
amounts will probably be for warded for
| funding in accordance with this resolution.
| What effect this may have upon the pay
ineIt of the July interes. on the lie bonds
Is OF course only c0nectural, and depends
upon the amount which may be funded
before the coupons :alI dne, as the old
bonds draw seven per cent interest for the
present year upon beng funded, after which.
as q part OF Fhe consolidated losn, they also
come IL TOT the July Interest.
SEW ORLEA:a CIE.RI:G ..o..E.
run., c5eeTn:. Balance;
jung ...-.---... 5JI Dol - els, 10 Ol
June ,................... i,2o7,;s6 Cd 2JO,366 50
Thus far this week. - I75iq8 % s5i5 So 81
SaIne time last week ! e54 81: Il 262 81. 20
Iota. last week. 6e856l9 % 753 tg8 26
EotaI week before h.233,0il t5 1886 8.
Geld opened q. ii65. 4 ll67., again.. III
at New York, and ate: q moderate bust
ness. closed 81 The opening rates, notwith-
standing lis subsequent decline OF lsc in
that market. The sales summed up us, 600,
comprising SO 600 a. ll6l-: $1,000 and
1000 at llosl: $4,000 al llCa., los,
and $1,000 at HOS.
No sales otsilver were reported. American
hal: dollars were still quoted a. 1851.
z lO2, aEd Mexican dollar. az Il 96, gold.
Under thu influence or the decline in gold
at New York. sterling was about 10 =
cent lower. The movement was quite
limited. The sales being confined To tl2 600
bill OF laring al 8 6bla ) g., and $1,000 al
clear at s. u.
Francs were a little stronger but without
qnntable variation. The .tip. comprised
5t0.o0o commercial az i.4o'. 80. and
80 600 at / To-
At the close sterling bills were quoted a.
- &c 5 g. for bill OF ladin. and al
clear. and ass 20 for bank. and francs
at = a !.i5 :or CONNER. iai. md a III.
for hank.
The offering. of New York sight were
hight. and, while the demand was limited, |
rates were unchanged. The sales amounted !
to $4,000 comprising $4,000 commercial |
at -. and $4,000 private bankers and !
$4,000 and $50, 900 bank a: J-l6 u cent |
premium.
The bank, continued 70 check On Rev |
York at 5 t. cent premium. and CONNER |
cIa sight wa. still quoted at -05lG. !
The previous unusual dizziness in stocks
continued. and the only transaction re-
ported was - shares New crlean. City
Railroad Company al sl53 SLY.
We noticed more movement liz bonds !
Iity issues we're abou. is + cent higher
or new currency seven per cents and gold
bearing seven per cents. while new State
advanced nearly 3 l. cent. |
The sales include! $4,000 seven thirty im-
,rorenen:s az 30l.: 5000 ard $1,000 new
seven pc; cents at 81: 5000 gold |
gearing seven per cents a. 81 Is; $1,000 do at |
II y, and $1,000 a, p: $4,000 new State con
oldated seven per cents At 53l,; 5000 do |
Il 81: $1,000 DO at Dts; $4,000 do a. 5ila;
10000 do at SIS; $4,000 do at -. and
'20. 600 Carroll.on railroad at -.
City scrip was il fair request. but not
IS strong. being quoted at 1919 i0l2.
gainst 39l. a u on Saturday. No sales
sere reported.
Metropolitan Police warrants were
ominal al - -. NJ transactions were
eported.
Nothing :ransoisei IN State warrants.
Variants of ls7i were quoted a. IL a II:
sI3 and previous years, :undable, at 81 a !
): do. not iundable, al 30 a -, and egi.la- !
we per diem At o. u ~
We continue 20 quote first class sixty is- !
aper and collateral loan. at 8 IA . = cent =
mum, Al do at 10 Il, ana second grade |
I Is a Is. Fins: class mortgages .till rule !
: a 10 = cent y apuuH. bile second |
rade ere entirely nominal. (