New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-07-06
AoNErARY AND C0HnERCIAL.
MONETARY,
NONE Az
SEw ORLEANS RBPUBL1cAE orfICf,

D =,
/. MONDAY EvsxING. July S. 1873. 5
The market continues quiet and un
! changed. A moderate demand for dis
counts vss reported t-day by tho banks
resulting in some cases in q fair business.
Very little vas done in commercial paper
on the street, where the offerings continued
! light. In the absence Of telegrams from
\ New York, there has been scarcely any
mavement in gold or Exchange. Opera.
tions on Carondelet streec were confined to
few sales of stocks and bonds, which were
made, as will appear from the details given
below. at about previous rates.
We continue to quote first c1ass CONNER
cial paper and collateral lOsns st 500 =
cent v annun; Al do at 1922, and second
grade at l5al8. First class mortgages
Stlli rule at 90l0 T. cent v aDnum. while
second grade are entirely nominal.
NEW ORLEANS CLEARING HOUSE.
Clearines. Balances
July 3.................o ss3s 1913 81 11s7, IOs 9.
July 5..............".. 85s,sSA Is Ss0'3 IS
Thus fat ,hi. week.. :. 81. 81. lls . s222 1ss %
Same time last week. l51..7l6 sc PC 667 65
fot.i week before. s.asss1 o. 76S,ois 81
Gold ruled all day ut Ssturdsy's closing
rates of III 0ll7A. the New York market
having closed on that day at ll7h. The
only sales reported were $4,000 at liz, $3.50
1t ll7ls, and $1,000 and $4,000 ct ll7A.
No sales of silver were reported. American
half dollars were still quoted at lO9 q l0Sls,
and Mexican dollars at SO 093A gold.
variation. The sales of sterling we're COZ.
fined TO 952O0. comprising f25O0 AT clear
IT IS 6S, 200 bill Of lsding at s. 681s and
$4,000 bank at s. ~.
The Gales Of francs comprised 10000.
embracing 10000 commercial at AS, sc. 600
do at 4.a3%. and 30 600 bank at 440.
At the close sterling bills were still quoted
at IS 67k05 681s for bill of lading and Al
clear, and ass y for bank, and francs
bank.
New York sight continued in limited
supply and moderate demand a. previous
rates. The sales comprised 100000. en-
bracing S25. 900 commercial at 9-32 y cent
premium, and $4,000 and $4,000 private
bankers at SIG.
The banks continued to check ON New
York at % y cont premium, and CONNER
cial sight was still quoted at -05l6.
Merchants insul ance Company at $50; Is
Orleans Insurance Company at -; Is old
New Orleans Gaslight Company at -. and
last week, not before reported, IS New Or.
leans Mutual Insurance Association at
el8 q. and do at 4l8 SO. An offer of
SlS 50 was refused.
No sales of city bonds were reported.
New city currency seven per cents were
still quoted at about "a, and city gold beat
ing seven per cents at s.. !
New State consolidated seven per cents
closed at about sos. The sales included |
$4,000 At SO, and $4,000 at 5O1s.
No transactions we're reported in city /
'crip. 1t lie still quoted at about 80 49,
Nothing transpired in Metropolitan Police /
warrants. which continued to rule ct "a 65. |
1t being understood that the State Treas
lref will soon commence to pay the State |
Of 1874 in the order in which they |
lave been presented by their holders, these !
ssues we're in active demand and coon !
ose, to 4S. against 80 al on Saturday. !
large sales were made Of which the par /
iculars were not reported. Issues Of 1873 !
nd previous years, fundable, were still
Iuoted at 80 PIG. and do. not fundsble. at
> 0o9.