New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-28
MONETARY AND COMMERCIAL,
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,

NoNDAY EVENING. September y, 1873.
The demand for discounts continued
steady, with, perhaps, slight falling of at
one or two Of the banks ae compared with
last week. Although the banks accept most
offerings of good short paper, yet on the
street money was reported tight, particu'
larry for long paper. and rates appear to be
hardening under the demand. We notice
good inquiry for cash gold for customs pur-
poses. which, on account of the limited sup
ply, forced rates up almost to the New York
quotation. In other respects the market
was quiet Little movement was reported
III foreign exchange, while the sales OF
domestic were of fair extent Stocks and
securities were reported without movement
and no demand either for speculation OF in
vestment. We notice that the Fandlng
Board met to-day, with quorum present,
and funded about $500, GOO Of old State
bonds.
We continue to quote collateral loans at
lO0l2 y cent per annum discount; first
class commercial paper at Il u: al do at
rs MA Y cent per month, and second
grade at Il a II First class mortgages
rule at 10 T. cent t. anuum. We hear
of no negotiations in second grade.
NEW ORLEANS CLEARING HOUSE.
Ser TENDER s etss!HFs IS e. saa rs S
SepJemiv r2I............... 648 6el IS 70 s21 46
Thus far this week. 81 3I9432 % slay 80 Oi
Same time last week....... lllg.'SJ o. q OIL 50
Total week before. 1888 1858 81 rs i6J 40
Gold opened at llGas digs, against
llGas at New York, and after limited
business closed at llGis llG7s, against
ll6i4 in that market.
The sales summed up s3s.0Oo. embracing
$1,000 at ll6l4, $4,000 al ll642, $4,000 at
ll65s, $4,000 at 1l6as a 1863 and $4,000 and
$4,000 at 1864,
No sales OF silver were reported. Ameri-
can half dollars were still quoted al HOT
ll0La. and Mexican dollars at 93l9 a "a gold.
Foreign exchange opened at previous
rates, but under the advance in gold at New
York was subsequently, quoted q little
higher, and closed at the improvement. Nc
sales of sterling were reported.
The only sale of francs reported was
$4,000 commercial at 57L7.
At the close sterling bills were quoted at
81 &c.. 81. 6. Ell &C i=:l:2; aca Al
clear, and "a IS So for bank, and francs at
4 90 a 4 5S3s for commercial, and i.56k for
bank.
We noticed fair offerings of New York
sight and a little better demand at shade
suffer rates for commercial. The sales COM
prised 81; S, coo. embracing SIS 900 CONNER.
cial at 4 T. cent discount: $4,000 CORN v
cial, and 100000 and $4,000 private ba :
ers' at 3,l6 and SIS 900 private bankers
and $4,000 bank at ".
The banks continued to check on New
York at par, while commercial sight was
quoted at 4 a y cent discount.
All classes of securities were unusually
dull.
Nothing transpired in stocks.
No sales of bonds were reported. City
bonds and new State consols continue firm
at previous rates.
No transactions were reported in Metro
politan Police warrants; they were still
quoted at 65 d70.
Nothing was done IN State warrants
Issues of 1874 were still quoted at - d 60 TOR
large and 60065 tor small; 1873 and pre-
vious years, tundable. at 35 SO, and do
not tundable. at -029