New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-05-07
MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE, /
THURSDAY EVENING, May +, 1875.

NEW ORLEANS REPUBLICAN OFFICE, !
THURSDAY EVENING, May =. 1879.
The market manifesto material variation.
The situation substan' tally the same as that OF
two months since. The timGity and serse OF iiise-
curity which have caused the accumulation Of 70
laI &c q surplus Of unemployed capital on deposit
at The bal Ks. has been followed by general hesi-
tation 10 any mGve ment and this iDdspoeltisn
has not Yet Yielded in any sensible degree to the
attractions Of such Investments as are offered ON
the MAI ket. The demand for money from mercan-
tile sources is light. Commercial paper is in fair
request but the supply 10 scaIty The offerings of
factors notes and acceptsnces are limited. The
movement of supplies to The interior cont ,bhes
light, orders from the country being principally
for small lots. In the natural cuuIse of events,
however as the season advances, an increase in
this branch OF business may be anticipated
One or Two If the principal banks reported to-
day some increase in tie demand Tor money but
generally Improvement WAS perceptib'e. A
moderate business WAS done i'll foreign exchange,
which, sympathzins with the slight advance in
gold, showed some Improvement IN rates, white
dom. site was unchanged. The stock market CON
tinued quiet and dull, with no transactions re-
ported NOR any noticeable change in quotations.
nds exhibited a fair degree Of activity. Old and
new city currency seven per cents showed some
improvement, while city gold bearing sevens were
without quot able variation. New State consols
Opeued lower, but rallied during the day. and at
the close had recovered yesterdays rates.
City scrip of 1874 continued to improve and
metropolitan Police warrants exhibited d cores
poBdiug decline under the influence of the impress
sion 1t Tened to IL our remarks Of yesterday that
the fol mer would be declared receivable in pay
ment OF city licenses which might be pr cteu TO
diminish the demand for the latter.
At the close sterling bills were quoted At S. 60
as 81 for bill of lading and Al Clear and SIS 631s
a. for hank, and francs at $500 tor commercial.
and -0446A for bank.
Ihe offerings of dsne site exchange were ght and
with a moderate demand rates were unchanged.
TIE sales OF New York sight confined
$4,000, embracing s 10 600 commercial at 81 ~
cent premium; 800 600 aud $50 600 do at 5; 49, aud
$50 900 private bankers AT 5-l6.
The banks continued to check on New YORK at
y " cent premium, and cOmmeIc ial sight was
still quoted at Sic.
The offerings of stocks light and the de-
mand is limited, except tor a few tavOrte shares.
No transactions were reported.
We noticed more animal i0u in city bonds The
sales included $4,000 old cuTIeI cy seven per cents
35l2 5000 city go d bearing seven per cents at
$3.50 $1,000 do at 35a4; 5000 Lew currency seven
Fer cents at IS q aud $4,000 do at }6t. These
bonds all closed fully d y cent higher than yes
to-day.
State bonds are in less request. The market
opened fully y t. cent lower but closed about the
same as yesterday. The sales ncluded $50 600 at
$50 + 10 GGb at Sc, and 5 10 900 at 56a.
Under the same il1iu- nc, which noticed in
last report. city scIip OF 1874 stiff at yes
lerday's prices while Metropolitan Police warrants
show ed II further falling OFF of ia3 y cent. The
sales of CITY scIip Of 1874 included $4,000 at A.
$1,000 at 42k; $4,000 at 42ss and $4,000 and $4,000
IL 49,
No salee of Metropolitan Police warrants were
reported. They were quoted at about 65066.
III State warrants wo noticed d sale of $4,000 |
egie latlve per diem at 971a Warrants of 1874 were
,tl quoted at 40145: 1873 and the previous years.
unaabe al 6a31; do, not fundabe, at 80 033, and
legislative per diem Al 960Y7.