New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-07-21
MONETARY AND COMMERCIAL.
MONETARY.


GKw ORLEANS REPUBLICAN, OFFICE, f,
T1EsDAY EVENING, July 70, 1875.
We have no new features to notice in the ~ oney
mari tt The demand for discounts continues
| good at some Of the banks and limited ut others
On the street collateral loans and first class com
meIclal paper are in requ< St. but the offerings
! moderate. We hear Of occasional transactions in
mortgages. bus nothing that indicates any change
In sympathy with che decline in gold at New
York the quotations for foreign exchange show q
limited from the suspension of the foreign demand
for cotton. that operations are of trifng extent.
the counter demand tor New York sight is reduced
| ssrest 10 remit by express rather than pay the
We hear Of only q few important transactions in
| stocks. City bonds are Gull and nominal, both
buyers and sellers seeming indisposed to invite
transactions New State console continue in fair
request and are quoted higher. Nothing 10 doing
in city scrip or III Metropolitan Police warrant g..
State warrants are unchanged. We hear some
complaint OF the recent action Of tho flu ding
board in refusing to proceed with tho funding Of
We continue TO quote first class commercial pa.
per and cOlas eral loans at 809 y cent ~ annum
discount Al do at l0Ol2 and second grade at $50
49, First Gle s. MOI tgases still rule st 10 p cent
annum. while second grade are entirely nom.
Few ORLEANS CLEARING HOUSE.
July l1................ ssao'sis 81 es s1 s.
july july 80 81 3 s is 8 9:
Thus far shis week. w 81 ,s,l ,348 10 Sass, 27l So
Total lat week go. t,5ss,sss IS ssosis 81
Total week before........ 4,e25 ,6s2 81 s75,O65 10
Gold opened at ll40ll4k. agsins. III at New
York, and after . limited business closed at ll3h
Ola (As lower than yesterday, agaI' 81 ll3as in
that market. The sales summed up $4,000, com.
prising $4,000 at 33a; 630O0 at 1l34 $1,000 at
Ii4t $1,000 at llaa. aud $4,000. 5000 and $4,000 at
ll4k.
No sales Of silver were reported. American half
dolars are now quoted at fo71s 0loa. against lO7s
0loah Yesterday, while Mexican dollars continue
to rule at 93d93A golc.
Foreign exchange opened at previous satee but
under the subsf qHent decline IN gold ct New York
fell off fully $40 p cent for sterling aud about the
same for francs. The only sales If sterling re.
ported were at the opening, and embraced $500
private bankers at S. IS and $500 bank at SIS So
No transactions were reported III francs.
At the close sterling bills were quoted nominal at
s5 50 for bill Of ladine and Al clear, and ass IS
mercial and i.571a for bank.
In stocks We noticed sale OF some shares New
Orleans Gaslight Company, of which the particu-
lars were withheld. and auction by the shs riff
by order Of the Third Judicial District Court in
III. case OF A. Pitet vs. A. Supener, 10 shares New
Orleans Mutual Insurance Association, at &l9 IS.
the offerings of New York sight continue very
light, the demand moderate and rates unchanged.
coo private bankers at i ~ cent premium;
$50 600 commercial at 49, and s 10 900 bank at SIG
Tho banks continue to check on New York ut 1
= cent premium. and commercial sight il stiIl
quoted at SIG.
City bonds are dull and weak. No sales are re.
ported and quot atlons are nominal New currency
seven per cents are quoted at -033, city gold
ht airing seven per cents. drainage SERIES 1t 33A q
80 y, and do Administration series, at "a d 63ah
Stw State consolidated seven per cents con-
tnued in request and were RAY v cent higher
beng quoted at S3a asa at the close The only
sale reported was $4,000 at 81
Nothing wac reported in city scrip. Il is still
q uOted at $685.
:. No t-ansaet ions were reported in Metropolitan i
Police warrants. They continue to rule at sass
No sales were reported IN state warrants. Issues
Of 1874 were still quoted at 1895 for large amt
= al Tor small; 1873 and previous years. tundAble
$685.. and do. not fundabe at -029,