New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-18
MONETARY AND COMMERCIAL
MONETARY.
new ORPHANS REPUBLICAN, 0FFlCs,
TreapAI HyRSEN0, August 10, BI3.

sew ORPHANS REPUBLICAN, 0FrICs, }
TreaDAT EVENING August 10, es73
Tho ipal ket to-day was moro than usually dul!
| At the banks, the demand for money was lees &C
! tive. On the street the offerings were mostly O
commercial paper foS smal. smo ants, the inquiry
being chiefly for agricultural purposes. There
| was scarcely any movement in exchange; Foreign
bills are scarce. Securities were nat, MY ono OF
] two tsillh : transactions being repoG ssd.
We understand that for some siILs pas. MT
Yourcbv has contaminated reegnius the pres!
denny OF the Mutual National Bank, but xas I'm
! willing to DO 50 until he could 10 assured OF tne
election Of a successor Under whose acmnlstra
ton the interests of the stock holders would D.
promOsS and th. met ting Of the board to-day
Mr. John 4. Hardie the vice president, having con
sented TO serve. Mr.. Fcurchy rendered his resigna
ton. whick was epted, and Mr. Hard!e eject "a
to fill the vacancy. At the same time Dir. 4.
Bnhworth was elected vice president n M re
oeessoned BY hs elsssa %: ~ as s.n
are under obligations TO Mr.. Fourchy fol- his dsin-
teresred services, but nav bs c0ngra tuistsd OF
the election Of successor 40 We htte1 10 assure
the prosperity OF the institution.
W. continue to quote ,Ist class co1AMerc.al pane
and colla.er a. loans At 809 y cent y annum Ga
FIut CASA mortgages ruie =: ed,lO - cent y al
n1hi. while second grade are entirely nominal
NEW ORLEANS CLEARING HoUsE.
,n.t, -. S,sa ~ 3: 80 ssI. M i
A August i is.. ssis:s !: :5i:s 50
Thu. fer this week ..... 81 .Gssos5 II s23o6e5 %
Same lime last week.. 2,ll2,Slo s. sos 22i o5
Total last week, .......... 3,sco'se q :as,lao p
Total week before. 1901 ,2Jl . 5i9sao ID
Gold opened Ut III s. G9li3is, against il3S st New
York. and, after limited business closed at HES.
rll3, against li3 in that market. The sales were
confined "a 500 o. comprising . in6h at liz :; $4,000
at liz al!3 sloee and s3Ooo at us, and sio's at
N3..
Under tho decline N gold at New Fock sterling
fell OF 2-10 y cent, while franc. being IN some de-
mand and scarce were unchanged. The only sale
of sterling reported was $1,000 bank IT the cuUn.
ter at - SIS
IL haucs we noticed So ls OF 1909 bank q: :is
counter al 4 81.
At the close sterling bills were quoted at IS 480
~ for bill OF iadng aud al clear ard nominal for
bank, and francs at 4.6l \ for commercial ana ss7a
for bank.
New York sight cor tinues IA limited supply, and
met q moderate demand at unchanged rates. The
only sales reported were SlS, tGo private banker
sight at 9 81 y cent premium and $1,000 CONNER
cial three days sight at I.
The banks continue to check Oh New YORK AZ d
= cent premium ana commercial eight 10 att.
0ut led ct -05.I6.
No saies of stocks were reported
City bonds continue dull And weak. Quotations
are nominal.
New State eoasois we're 'sss il demand, and
quoted hdli T. cent lower The ONLY ASie Eepo-:
ed was $1,000 at 81.
Nothing transpred III Metropolitan Police Wal.
rants They are stl quoted At 65 ats.
stats warrants ptinUe in good demand FOR 1874
issues, which were quoted 1t 1880 for large. and
50155 for small Warrants o: 1873 aud previous
yeara fundahls, continued to rule ii IS q Sc, and
do, aot fundaoe, at -42a No sales wers reported.