New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-18
YTW oRIExNs REPUBII0AN TUESDAY, JANUARY g. 1915
MONETARY AND COMMERCIAL.


MONETARY AND COMMERCIAL.
MONETARY.
NEW ORLEANS REPUBLICAN OFFICE,
MONDAY Ev2N.Na. january II. 1876.
The money market continues easy, with
little demand for discounts either IN bank
or on the street. The situation Is marked
by continuing accumulation OF currency,
which is seeking investment in good securi-
ties. This disposition is further stimulated
by the heavy transactions in new State
bonds recently transpiring, reported to be
the result of large orders from the North.
The sales of these bonds to-day, as shown
by the report of transactions below, were
again very considerable, and at the close
they showed further advance OF two
points over Saturdays quotations.. and a
ner advance of ten points over last Monday.
City bonds were also in demand and active,
nearly all issues, including premium bonds,
showing a material advance. The entire
TRANSACTIONS n bonds summed up no less
than $8G5.00O. There was good inquiry
for leading stocks. and, in tact, the stock
market generally exhibited al improved
and buOya ant tone.
The stockholders of the Mechanics and
of directors: Aususte Boh1, Thomas A.
Adams. Thomas Langritge, J.. A. Blader,
H. Calls, c. NJ. Soria, +. Van Benthuysen,
Richard Milliken ana A. Lehman.
The following ticket was elected by the
Germans Insurance Company: j. Am
bruster, G. H. Braughn, II. Curt!us, Z. Del
Bondio P W. Drislmann, L. Godchaux, a.
Ga;sser, L. Grunewali, J. Hassinger, &.
Juergens. J. Kohn, J. F. Kcantz. &. L. L.
v,oJt II
Redwitz, Frank Louis, II. Schulz. Il: +.
Theurer. Frank Waiter, j. J. Weckeriing,
J. A. Weber,. H. Zuberbier F. NJ. Zeigier.
We continue to quote exceptional paper
at -a9 y cent y aonun discount; al 90
a. lOd IL. and second grade at 10 q IS. First
class NOR cages still rule at d 10 T. cent e
annum: second grade continue entirely
nominal.
NEW ORLEANS CLEARING HOUSE.
,,,,v sssa5i!s is s sa5anee 5:
January I........... 2,22O,36i 90 2o253l &c
Thus far this week.. s4so3,s3s Is s46d,368 80
Ssns , ts Ise Nrs. issso. $ 4ae .
Total week before. ii.lO,o95 50 lloS,l5e SO
Gold opened at 1923. 0il3, against lib
at New York, and after moderate business,
closed at the opening rates in both mar
kets, touching ll3ls during the interim at
embracing $1,000 at 1925; $4,000 at ll23s
ll3; $4,000 and 5000 at 49, and $4,000 at
1873.
No sales of silver were reported. Ameri-
can half dollars were still quoted at 1000
lO6ls, and Mexican dollars al 93Ae @, gold.
Under the improved tendency IN bills at
New York. foreign exchange was stronger,
and the movement was OF fair extent. The
sales of sterling comprised s37 900, embrac-
~ .,f Loo
S. Ill 05 4lle: $4,000 bill Of lading at S.. Al y
as a. f25Oo do a: s. A.: $1,000 do at s. II
as 42A; $1,000 and flO, 1000 do at IS AZ a
5 42la; and fl500 bank at s. i5l2.
The sales of francs amounted to 100000
embracing 100000 at 46o0
4 621s, lao, 900 and 10000 at 4.o2ls, 100000
at -, and 100000 at 4.62.
At the close sterling bills were quoted at
S. 4i05 42le for bill CT lading and Al
clear, and "a ASH for bank tbank counter
rate at -0$5 46). and francs at 4.621s for
and nominal for bank.
Under a good demand and lees liberal
offerings, New York sight continued to rule
at Saturdays quotations. The sales COM
prised $4,000, embracing $4,000 CONNER
cial and $25, 900 private bankers at ZIG T
cent discount: $4,000, $4,000, $4,000 and
$4,000 private bankers at 1882: 5000,
SIo. 600, SOS. 900, $4,000 and 100000 do at
$, and $4,000 bank at 5-l6. We also no.
tieed sales of $4,000 commercial on Boston
at y = cent discount.
The banks continued to check on New
York at u y cent discount, and commercial
sight was still quoted at "A s..
The market tor all classes OF securities
was very active. particularly to- city bonds
and new State c0nso.s
We noticed better demand in stocks,
especially for insurance shares, on which
dividends have been recently pal1 or are
about to be paid. The sales included 100
shares Louisiana Levee Company (pre-
ferredj at 6 80; 100 do at 50 IS: 100 do at
Sc s. j.: 200 do at 81; 90 New Orleans In
surance Company at $50 IS; 80 told) New
Orleans Gaslight Company at Sl26 30; and
within a few days. not before reported, ~
Bienyille Oil Works at sos, and loo do the
last salel at 800. Some movement was re-
ported in Carrollton Railroad Company,
but 20 transactions were particularized.
The sales and resa.es OF city bonds COM
prised $4,000 premium issues. embracing
$1,000 at %; $1,000 do at .biR: $1,000 do at
= 2ls; $4,000 do a. 21ls; $4,000 and 5000
DO at 27c4; $4,000 do at y;
BIC, 900 new currency seven per cents,
$500 at 81. ;3ils and g. and
BID. 900 do at 32la; $4,000 old currency
seven per cents at 81. and $4,000 gold
bearing seven per cents at 50. We also
,oticed sales of $1,000 Crescent City
Company bonds at -, and
BIO. 900 first mortgage Jackson railroad
ssues at 81 The advance in city pre-
mum issues and in new currency seven per
,ents over Saturday quotations was two
points, and in gold bearing seven per cents,
,ne.
The sales and resales OF new State con.
o]idated seven per cents comprised
1878 600. embracing So, 900 at GJA j: SIS, 900 |
md $4,000 at 66A; $1,000, $4,000 and
10000 at CON; $4,000 at 66ls 2 66ai;
100000 and $4,000 at 662!; $1,000 and
30 900 at 81; $4,000 at 81 Is; $40 900 At 8. u;
200 900 at 81 a 6S; s. 200 at 90: $780, 600 at
Sig; $4,000 and $4,000 at GSil. At the
lose the market was var:ously quoted at |
8 q CO, against 65l a 66 at the close on Sat |
Irday, showing an advance OF 2l2 03 +
ent.
No sales OF city scrip were reported. Il |
J now quoted at 43 a a !or August to De- |
embe, 1873, time, and July 10 December, |
37i, and 4905 for June and part of May. |
Nothing transpired in Metropolitan Police |
They now rule at 81 a % for |
s73-4 issues, and 670721a for 1928, |
7hile 1912 and leGS-9continue entirely |
ominal.
No sales of State warrants were reported.
I'D State, fundable, are now quoted at AZ a |
0: not tundable at d, and lSl ! issues |
COMMERCIAL.
COTToN-The sales to-day mot including |
0 and 100 additional late on Saturday. |