New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-05-25
THE WEEKLY REPUBLICAN,
MONETARY AND COMMERCIAL.
T>--- n r,s...ii 80
MONETARY.
NEW ORLEANS REPUBLICAN, OFFICE

.One or two Of the principal banks report
ed more business doing and . better de-
lnaRd for money from general mercantile
tottces than has been noted for some time
past. This Improvement, however, was not
manifested by the general money market,
which presents no decided change. One or
two days Of spasmodic activity seems to be
generally followed BY quiet for the rest Of
the week, and there is little immediate
prospect Of decided reaction. Bankers,
however, are disposed to look forward to
the revival of healthy and permanent
activity at an early day. =.
A limited movement in gold and foreign
exchange to day showed sight advance
IN the former, the latter closing without
change in rates. =
ton reported.
State bonds are dropping, while city
s,onds are quiet and weak. =
as Will appear from the quotations given
heloW, while other securities are generally
unchaDged.
The circular of Mr.. Arthur 'Kimber of
No. 70 Lombard street, Epndon, which ap-
peared in the columns Of the REPUBLICAN
on Sunday, and which was received by
various bankers here on Saturday and to
t0reign holders of Louisiana bonds with
reference to the funding bill, is not regarded
az Of great significance by financial author
tiles here. The unusual aspsrity of Ian
gxage applied by the writer to the sotion.
Of tho State in funding herSdebt is attrib-
ited to an ignorance q. the circumstances
If the case. Mr.. Kipber. who is not gem
orally known to fnanciers here, is, we
learn, the secretary Of an ASSOCIATION of
holders of Louisiana bonds in England.
We continue to quote first clsiss sixty day
paper and collateral loans at S19 p cent y
annum, AL do at 1912, and eetOnd grade
at 1913. First class mortgages still rule
at 1910 R cent y annum, wAile second
grade are entirely nominal =
NEW ORLEANS CLEARING House.
May ssss5sF # fssaase s.
May 24.........v... lelso6S ~ ius73 50
Thus far this week $50. 81 ss4 .sl7 S. ss24ls IS
Sane time last week -. 1882 q 2sS, l66 10
Total week before 80. 7.lD5ss2 u 1861 o.
Gold opened at 1l6on6ls, against 1l6ls
at New York, and after moderate business
closed at l16ls q ll6as, against ll6as in that
market. The sales summed up $4,000,
embracing $4,000 at ll6; 5000 at 1855
$4,000 st l16ls sll6A; and $4,000 and
5000 at 1l6A. ~
Nothing TRANSFERRED in silver, American
half dollars were still quoted at 1080a
AVJ,l Auu MSAlcdu OVlldI6 HU ~ JO7Zs HOlN.
Under tho influence of the advance in
gold at New York sterling was fully Ito v
cent higher and francs nearly Is. The sales
OF sterling were confined tn f345 500. en-
s,rxcing $4,000 AL clear at d 6314; fSOOO
ON of fading at S. 631s. and EtO. 900 do and
n clear at s. 63A as 81, and f5OO bank
al IS 66. - 1
The only transaction in francs reported
was s25, 900 commercial as4.47t @
s. 6305 g. for bill of lading and AL
clear, and -0$5 &C for bank, and francs
at 4 AN o. for commercial, and 4.43as tor
hank ~.
We have no change to notice in New
York sight. The sales comprised $l55,000,
embracing $4,000 commercial at 4 y cent
and $685. 600 and x35, 900 CONNER.
eisl and $4,000, $4,000 and $4,000 private
iAnkers' at SIG.
The banks continued to check on New
York at % y cent premium, and CONNER
cial sight 10 still quoted ct 5-l6c.
There Is but little movement in stocks. |
so shares st. Charles Street Railroad Com |
pauy sold at $40 SO. I
City bonds continue quiet and weaker for
nearly all issues. New city currency sever |
per cents were still quoted at 81. and city |
geld bearing seven per cents = 1874.
New State consolidated seven per cents |
are dull and dropping. The market closed |
1t about IS. The only sale reported was
b50OO (early) at 56as.
In CITY scrip we noticed sales Of $1,000 |
city time of 1874 at 4Q1s, and $1,000 at Ala.
Metropolitan Police warrsnts we're IN
animate, and quoted at abont IS. 5D6-$
cent lower, possibly affected BY the suit |
pending in the State Supreme Court.
The only sale reported in State warrants
was 5000 legislative per diem Ut 80. War
ants Of 1874 were quoted at 1904; 1873
lot fundsble. ct 80 a., and Legislative per
lien at 81 09S