New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-21
MONETARY AND COMMERCIAL.
MONETARY.
ERW ORLEANS REPUBLICAN OFFICE.
MONDAY EVENING, September %, lBT5,

MONDAY kVKSISGi September 20 1875. .
The market to-day was more than usually
dull, aud offerings were limited both in
bank and en- the street We remarked in
Saturdays report that operations were
much restricted by uncertainty and anxiety
concerning the situation of the city of Gal
weston. The same remark is applicable to
some extent to-day, as la -er intelligence in.
dicates that the loss of property, though
still indefinitely stated, is nevertheless more
serious than yesterday mornings dispatches
reported. The receipt of cotton at that
port has been resumed to a limited extent.
Gold ruled at q marked advance under
the influence of the kilograms from New
York, where private dispatch reports the
rate on loans at - Y cent per day, the mar
ket appearing to be undergoing another
squeeze.
Nothing is reported in ttocks or securities
except purchase by the city of 81 900
improvement bonds previously advertised
for. The bids accepted were $4,000 at SO " ,
$4,000 at 81 and $1,000 at SIS, all below street
quOtatlOns. The other bids ranged f.om e.
10 and over 20.
We continue to quote three to four
months loans on good collaterals at 8a9 y
cent per annum discount; first class com
mercial do, without coliaterals. at 90lO;
AL do at l00l2, and second grade at $50
IL. Mortgages rule at 10 " cent u
aunum for first class, with no market for
the lower grades.
NEW ORLEANS CLEARING HOUSE,.
Clearngs. Balances
SEP TENDER is..... s5et sol % sio5 68 II
September 2o.............. teS. 1856 O3 1888 is
Thus far ttis week. .....Rl 2lS,Tg9 &C G2l7OGl as
Same time Last week.. ,3SS, as 10 l4G.34s 30
Total week before......... 4Gss 4Si Il sstcSi "a
Gold opened at I16h "a l6N, against
il6N at New York, and after quite lin.
tied business closed at Il6h OILY,
(Ac higher on the outside quota
tons than on Saturday. against
liz ~ in that market, where it touched II7h
during the interim. The sales were con-
lined 70 $1,000. embracing $1,000 and $1,000
$1,000 at ll7h.
No SAILS of silver we're reported. Ameri.
can half dollars were still quoted at 100
llOts, and Mexican dollars at 93h 094 gold.
The advance In gold ut New York being
somewhat oounteraoted by decline in for
eign bills In that market, sterling showed
NO Improvement during the morning, but
outside quo, asions, while francs were I'M
changed. The only sales of the former re-
ported were Ei000 bill of lading at Is 81.
and fl2oO do at IS SAN.
Nothing transpired in francs.
AT the close sterling bills were quoted at
% 900 % i0r Dill OF lading and AL clear,
and nominal for bank, and francs at 4 81 N a
4.56h TOR commercial, and nominal for
bank.
New York sight WAS unchanged. The
only sales reported were $4,000 private
bankers and bank at " y cent premium,
and e25 900 bank a. par.
The banks continued to check On New
York ct ~ v cent premium. and COM
mercial sight was quoted at Y 0b v cent
discount.
No sales of stocks were reported.
Nothing transpired in bonds, except the
wharf improvement five per cent issuer
which were sold to the city, a. n ted above
City bonds continue steady and firm, while
now State consols are weak but unchanged
Nothing transpired In Metropolitan Police
warrants; they continue to rul, at 65070.
No transactions were reported in State
warrants. Issues Of 1874 are still quoted
Ct 55S6O for large and 6o065 tor ANAL;
1873 and previous years, fundsbIe, IT IS a
IS, and do, not fundable, ct -o29.