New Orleans Republican., 1875-10-12
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE, I,
MWyDAY EyRNINa October IL 1875,

MONDAY EVENING. October Ii, 1875. s
Tha demand for money continues active
and ia apparently based upon q legitimate
iuairess movement. On the street the ten
deney SCENE to be toward easier rates, hu:
IN some instances we learned that first class
paper was found difficult to place at our
qnotstious. We notice the receipt of some
$500 900 currency from the North, probably
the precursor OF larger amounts, the present
discount on domestic bills making it pay Ia
order currency by express. Cash gold con
times scarce. with the local demand sill
sufficiently strong TO maint Ain the rates
above the New York market. The move
men. in foreign and domestic exchange was
'ar. at slightly lower rates tor sterling
Io stocks and securities 10 sales were re-
ported. aud the market was without any
feature of in crest.
We continue to quote collateral loans AT
To-. q cent y month; first class CONNER.
ciai signatures at ldl u; AL do Ia a | "
aud second grade at ~ a. Fist class
mort cages rule at 10 y cent y annum.
Second grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
Clearings Balances.
October l.44s41s "a 1884 q
Thus far this week. So e6i sis s. ssll4l3 81
Same time last week.'. soss,s a ny g % 1ss. q: o.
Total week before. ...... 4S4l i39 81 65i a2l 95
Gold opened at ll69s Qll6's, against
ll6Ie at N,W York and after a tsir business
closed al ll6le a ll634 against 1l6l2 in that
market. The sales summed up $4,000, EN-
braciug $1,000 and $4,000 at ll6l4; $4,000
at ll65s a lI67s; $4,000 and $4,000 ut ll63a; !;
sl1 0J0 at 1854. ll67s; $1,000 and $4,000 at
HOS and $1,000 at HI.
No sa'es of silver were reported. American
.lf d.li.rs xyara still puufAh ar 1tq N 10
ami Mexican dollars at 93le 09l gold.
Under liberal offrrings tureiga exchange
was II little lower for sterling. while francs
were unchanged. The sales of the former
comprised ESP 500. embraciup $4,000 bill OF
lading at s. 80; $500 DO at S5 5265 52ia;
f1Jo0 do at -0S5 52la; $4,000 do ami
si200O do and AL clear at s. 5219: $1,000
Al clear at g. SO; .e2500 bank at {? 561a, and
fl0O0 at s5 57l4.
The ony sale cf francs reported we're
30 900 commercial at 90. aud $4,000 ON
Itay az.
Al the close sterling bills were quoted at
S. 81 as 80 i"r bill OF ading and AL
clear ana IS 30 for bank, and francs at
GO for commercial. and nominal tor bank.
The offerings OF New York sight were of
fair extent aud met with a moderate de-
,nand at previous rsts- TIE sales covered
$l20, ,0G0, embracing S20000 and $751;
commercisl and 100000 and $4,000 bank at
ls " cent discount, and $4,000 bank at
ZIG. We also noticed sales OF $4,000 COM
mt rcial on st. Louis at ss v cent discount,
and $40 600 on Providence at GIG.
The banks continued to check on New
York at llp cent diacount, and CONNER.
cial sight was still quoted at u.
In stocks we noticed few sales of rail-
road shar.s, of which the particulars did
not transpire.
No sales of bonds were reported, City
issues of the old denominations were quoted
quiet and FIRM, and premium issues at 80 a
"a. while new State tonsols ruled strong at
54l9 a 54a.
Nothing transpired in Metropolitan Police
warrants; they were still quoted vt IS 07O
State warrants are without any apparent
movement. Issues of 1874 are still quoted
at 60a65 for large; 65670 tor small, and
1873 and previous years, fundable. at 80 a
Sc, and do, not fundable, at -029.