New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-29
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,

MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,
TUESDAY EyENlNG. September 28 1878
The banks continue to report fair offer
ings for discount, indicating fair move
ment in general business. On the street,
money is in good demand, and the market
is reported more stringent, with tendency
to stronger rates. Offerings are closely
scrutinized and less readily accepted. We
notice more movement in foreign exchange,
with slight advance in sterling. The
business in domestic also was of lair extent.
Cash gold Is in good request and light sup
ply.
Nothing is reported in stocks or securities,
which appear to have been abandoned for
the moment.
We continue to quote collateral loans at
10al2 T. cent per annum discount: first
class commercial paper at II a.; Al do at
Is OLE T. cent y month, and second
grade at Ia IN First class NOR ges
rule at 10 y cent y anuum. We hear
of no negotiations in second grade.
NEW ORLEANS CLEARING HOUSE.
- cIearings, BALANCES nc !.
September 25..... $t6S,i1o s. 500 az s.
September %. ............ O55 O93 O5 1874 225 "a
Thus far this week ~ ISIS 65 s273 465 IS
Same time last week. ...... 2 iis lg 81 3Os 266 ns
r"t last week........... l,3ssOOi 80 so 40 IS
Total week before. 4,6Z5NtS 81 az. ion w
I'D opened at ll65s ll67s, against
ll67s at New York, and alter II limited
business closed at the opening rates in
both markets. Cash gold continues scarce.
The sales comprised $4,000. embracing
$1,000 at l16l9, $4,000 at ll69s, and $4,000,
$1,000. $4,000 and $1,000 at 1863.
No sales of silver were reported. Ameri-
can half dollars were still quoted at ll00
ll0le, and Mexican dollars at 93lt 81 gold.
Under the Slight advance in gold at New
York sterling was quoted "a little higher,
while fIancs were unchanged. The sales OF
the former we're of moderate extent, com
prising only fl6,000, embracing $1,000 and
f3500 bill of ladiug at s. 53l9, and 900
and $4,000 bill of lading and $4,000 Al clear
at S. "a.
We noticed a fair movement in francs.
The sales amounted to 100000 commeIc ial,
comprising 10000 at A so. l2j.000 at 4 60
d45S2., 10000 and 80 00U al ! 5Sa4 and
100, 600 at -.
At the close sterling bills were quoted at
s. 53 al "a for bill of lading and AL clear.
and a s. Is for bank, and francs at LOO q
4 5e9: t"- commercial and a6h for hank
The offerings OF New York sight were OF
fair extent, but meeting with good de-
mand, Yesterdays improvement was not
only maintained, but commercial was
quoted a shade higher. The sales comprised
SlO7. 900, embracing So 600 private bankers
and $4,000, 81. 900 and $50 GOO bank at 3 l6,
and $4,000 private bankers at Is,
The banks continued to check on New
York at par while commercial sight was
quoted at a d3-l6 y cent discount, against
4 d yesterday,
All classes of securities continue without
any apparent movement worthy OF notice.
Nothing transpired in ct ,cks.
No sales of bonds were reported. City
bonds and new State copsols continue firm
at previous rates.
Nothing was reported in Metropolitan
Police warrants; they were still quoted ct
% 40.
State warrants of 1874 were in better de-
mand and h CHER, With but very few offer
ing, and TO sales reported Issues of 1874
are now quoted at 60 a Gj Tor large and 65 a
20 tor small, while 1873 and previous years.
tundable, are still quoted at 30 a 36, and do,
not tunda able, at -029.