New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-16

1oNETARY AND COMMERCIAL.

MONETARY AND C0mMERClAL
MONETARY.
NEW ORLEANS REPUBLICAN, OFFICE,
SATURDAY kvRnING. January l5 1910.
We are indebted to Mr.. l. N. Maynard
| manager of the New Orleans Clearing House
| for the following report of the condition O.
| the associated banks, at the close OF busl
ness on Friday, January IA, 1876:
RESOURCES.
Spacie. s,SU1 8.
C C!nay,nS Honss exchanges 2,3ss47s i,
Checks on other local banks and xoco :,
Domestic and foreign exchange. 21lS, ~ =
Due from distant banks and BANKERS. 80, 10 y
Loans and discounts. tU,Io1, o.
Other cash assets '/'' |o' 90
Total. 100 -
c;rcr,ation ., 500, OOs 81
Hanos,ts ... IA, 729, ABA 81
nv Sis1ant banhs and hankers. l467 $50 o.
1thar 10 all II ahitiaa - 6lB, 1872 y!
Total .375 81
Increase Decrease
Spec;e .. $4,000 ....
Currency foans cy,.'..''.... ... ''ooo0 $50 oci
The above statement shows cousidera-
bic increase in currency and deposits, and
a sliget falling Oft in loans. as compared
with last week. The money market con-
tipues quiet and easy. The demand Is
light both ia bank and on tie street Good
commercial paper is easily placed at our iI
eide quotations. We hear of some transae
tons III first class collateral loans at v
cent per anaum A fair movement was re-
nd I0 q "
change, the latter ruling a. al advance un
der an increased demand.
In stocks the improvement IN the Invest
mept demand continued, and good IN
duiry was reported tor 1avOr1te shares
City bonds and new State ccnso!s made an
other advance The movement III the latter
was unusually large, in tact, tie largest OF
the season. and under a strong dernaud,
and reported heavy orders from the North,
they were quoted several points niSher
than yesterday.
At the City Hall the drawing for the
distribution OF premiums among the hold
ers of drawn premium bonds took place to-
day as previously advertised. The sum
distributed was $50 600 and the number OF
premiums ll76, $1,000 being the highest
premium.
We continue to quote exceptional paper
at -a9 T. cent T. aunum discount; A do
class mortgage setill rule at 9 d 10 y cent t.
annum; secood grade continue entirely
nominal.
NEW ORLEANS CLEARING HOUSE.
s glsari Iag is s Ba5rnee 3.
SAM TIME last week. 5ss5e3 81 81 40 "a g
Total week BEFORE. II .1o,Os5 So ll68.l:o 60
Gold opened at ll22. q lib, against ll3
at New York, and after moderate business,
closed at the opening rates in both mar
kets, touching ll3ls during the interim at
New York. The sales summed up $4,000.
embracing $1,000 and $4,000 at 1925; $4,000
a. ll27s a 49, $4,000 at 1l3, $4,000, $4,000
and 5000 at ll3is, and $4,000 at 1874.
No sales of silver were reported. Amer-
can half dollars were still quoted at LOG d
lo6i9. and Mexican dollars at 93la O., gold.
Foreign exchange was little stronger,
and the movement was of fair extent. The
sales of sterling comprised go, 800 embrac-
ing $1,000 bill of lading and fl500 and
$1,000 AL clear at s. -; $4,000 bill of lading
at s. II le a. i2l. $4,000 do at s. 42l4 !:
$4,000 do at s. II q ) i2la: 10000 do and
AL clear at s. Ala a ) i2i2; and 9i2, 900
bill of lsding at s. i2la.
The sales of francs comprise ed 800. 900 COM
lnercial, embracing $4,000 and l50, 900 at
i.63a4 624s, 100 Geo at i62le and. 80, 900
ut -.
At the close sterling bills were quoted at
s. IL as A. for bill CT lading and AL
clear. and a 45la for bank tbank counter
rate at Cd i6), and francs at 4632. q
4 O. . for commercial, and nominal for bank
The Offering of New York sight beiag less
liberal and the demand good, commerc al
advanced about lilo E cent. The sales
comprised S2l9,o0o embracing $4,000 COM
merciai at Y = cent discount; $4,000 pri-
vate bankers at 1-l6; $4,000, $10,-
coo, 100000 and $4,000 commercial, 3d.
600 and $iJ 900 private bankers, and $l5,-
900 bank at 1882, and $4,000 bank at %.
The banks continued to check on New
York at l.. + cent discount. while COM
mercal sight was quoted d. "A Is, against
7l6 yesterday.
The market for securities generally was
more active and buoyant, especially tor
State consol-, as noted be,ow.
Ia stocks we heard of more movement in
favorite shares at hardening rates, but no
sales were reported.
ACity bonds were in good request especially
gold bearing seven per cents, which closed
at 32is, against 30l2 last evening, showing
a net Improvement OF > = cent. The sales
embraced $1,000 premium Issues at 251a;
$4,000 do at 2534 and $4,000 gold bearing
sevens. mostly drainage series as follows:
$33 900 at 81 AL y; $1,000 at 3!1e: s25, 900
at 3la4 and $4,000 and so, 600 at 32le.
Under reports of large orders having
been recei we'd from New York, the market
for new State consols was quite excited.
and exhibiting a strong upward tendency,
closed at 65l2 q 90. against CPS 62aa yes
terday, showing a yet advance of over y
cent The sales and resales were the larg-
est of the season. amounting to $685. 900,
$4,000 at 624a; $50, 900 at 3d.
$4,000, 10000 and $4,000 at 63l9; $4,000 at
6334: $4,000, $4,000, S25 900, $50.000 and
s65 900 at 81: $4,000 at 6i12; 100000 at
G5 IL, and $25 900. $4,000 and $780, 900 at &c.
No sales of city scrip were reported. 1t
is now quoted at 43 al: for August to De-
cembe, 1873 time. and July to December,
1874. and 40 a5l for June and part of May.
The only sale of Metropolitan Police
reported was $1,000 at 921e. They
now rule at 81 a 90 for 1854 issues, and 81
a 72la for 1928, while 1912 and 1869
continue entirely nominal.
No sales of State warrants were reported.
Did State, fundable, are now quoted at AZ @
30; not fundable at %, and 1874 Issues
at - a 4212.
COMMERCIAL.
CoTToN-The sales to-day summed up
$50 bales, at prices requiring no change in
,ur quotations. We give also the figures
Ind report of tho EXCHANGE "A below: