New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-06-15
MONETARY AND COMMERCIAL,
MONETARY.
NEW ORLEANS REPUBLICAN, OFFICE.

NEW ORLEANS REPUBLICAN, OFFICE,
| MONDAY ErENlNG. June IL. 1875.
| The demand for money is evidently OF
the increase. A fair amount of business il
! reported at the banks and on the street, the
| character of the paper offering indicating
! general movement in trace.
! In securities the market to-day was per.
haps more than usually dull. Stocks con.
! tinue stagnant. There is a little or no de.
mand for this class of investment, except
for few Of the leading shares, and quota
tions are without material variation.
We have no change 10 notice in new State
c0nsols. the demand for which continues
limited, while the few sales reported show
no material variation from Saturday 8
CITY gold bearing seven per cent bonds
and new currency seven per cents are re-.
ported dull, and are quoted at slight de-
cline. We learn OF no special cause as
signed for this depression. which is gener-
ally believed to be temporary.
The friends of the premium bonded plan
continue 70 speak confidently as TO it's pros
amount already subscribed in bonds ex.
ceeds 81 900, 900, and is steadily increasing.
We continue to quote first class sixty dav
paper and collateral loans at SAG y cent y
annuE, Al do at 10 a IL, and second grade
at 1918 First class mortgages still rule
at 900 y cent v apnum, while second
grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
June l,....'.'........si o $3.50 I.s o. sIo;.3 43
June S................. ssS,'Io ~ l08, 1871 II
Thus far this week. sz,22oss5 :. e2l5 a24 81
Same time last week.. PTS, 1873 30 BIS $50 81
Total last week.. o,652,65l 81 896 495 st
Total week before...... $685. GIG 0S :53 sos 26
Gold opened at 1865 Gigs, against 1853
at New York, and. after limited bust
ness closed at the opening rates in both
markets. touching ll6'. during the interim
at New York. The sales summed up $26 900,
embracing $1,000 at Il61s; $1,000 at II65s;
500 at ll65s q 1863: $4,000 AZ lI6a.
and $4,000 at ll67s.
No sales of silver were reported. American
half dollars were still quoted at lOSh
a l09, and Mexican dollars at - sc. gold.
The mover ent il foreign exchange was
limited and without quOtable variation,
The sales of sterling were confined 10
$500. embracing fl500, $4,000 and $1,000
bill Of lading at S. 81.
The sales of francs comprised 100000 |
at AGA and I5O. 600 at |
At the close sterling bills were quoted at !
s. 66h as 674s for bill of ladipg and Al |
clear. and --0e5 20 for bank, and francs
1t 4.i6A "a % tor commercial. and %
Az for bank.
New York sight continues scarce, but
meeting only a limited demand ruled at
previous rates. The only sales reported
we're $4,000 commercial at u y cent pre-.
MUM, and $l5,O 900 and 81. 900 do at 9-32.
The banks continued to check on New
York at % y cent premium. and CONNER.
sial sight was still quoted at - $40
Stocks are without any apparent move.
nent, and we did not hear of a transaction.
Tor, ia fact, of any inquiry.
City bonds we're dull and no transactions
worthy Of notice were reported. City gold
'earing seven per cents were quoted at
bout -d3l. OF y + cen. lower than on |
aturday.
New consolidated bonds were also dull
nd were quoted about 81 SAN. the came
8 on Saturday. The only sale reported
las $4,000 at 5lA.
Nothing was reported in city scrip. It
las still! quoted at about SO a 30.
Metropolitan Police warrants continue TO | :
e held in few hands. We hear of no offers .
bids. and they are quoted entirely .
ominai.
No sales of State warrants were reported. ,
grants OF 1874 were quoted at 40 a f.; ,
SO and previous years, fundable, at 30 q 81. i
I'd do. not tundable. at - q 30.
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