The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-02-11
Monetary.
OrFtCE N. Q. DEMOCRAT.
Thursday Evening. Feb. 10. 1875.
n, ..u, a. . ,,s, ,.s ,r A rtssss ssnt,tu


Thus far this week, .slog7aesg q s.l22.ss1 q
Snme time last week. stsG. lps ~ as3sl. ~ ~
Total last week ......, 10.3aB.tp ~ 1GJo.s6t Y
Total week before. -. i.bi9.777 % .2o3 W
The offerings for discount, both In
bank and on the street, continue limi-
ted. and rates for commercial paper
easy. Capital Is still seeking Invest
mef,t in securities, especially in favorite
shares Of stocks, most 81 which nave
advanced under tho demand. City
bonds, particularly premium bonds,
though rather quiet, continued to i'm,
prove, having been additionally
strengthened by tho recommendation
of the Chamber Of Commerce in favor
of the premium bond plan, and the
probability of It's being approved by
the Legislature. The business done
in State consols was OF fair extent,
at rather irregular rates, but the
market evidently closed little OF IRON,
Yesterdays figures. Under q limited
demand gold was u little weaker. The
movement in foreign exchange was OF
liberal extent and ut n little stronger
rates. The offerings OF New York sight
were liberal, but meeting q good de-
mand remained firm ut yesterday quo
tations.
We continue to quote exceptional
paper at y u . per cent pei. ann'lml
discount; Al do. mt . 10, and second
grade ut ID q 49, First class mortgages
still rule ut o n 10 per cont per annum
second grade continues entirely nom
inal
Gold opened nt 1l2a u il3, against 1i2h
at New York, and after weakening q
little at noon, owing to o more limited
demand. closed at the opening. rates III
both markets. Tho business done was
only of fair extent. The sales summed
m S48. 900. embracing $4,000 ut 1927,
$1,000 nj 112a. $4,000 ut 1922 u 1t2s, $1,000
and $4,000 at 1924, and $4,000 ana S5ooo
mt $113.
y No sales Of silver were reported;
American half dollars were still quoted
at 1864 u 1OGa, while Mexican dollars rule
at % gold for both new and old.
The movement In foreign exchange
was of liberal extent. and the market
rather stronger. The sales OF sterling
amounted tx E103,0O0. comprising GSoO9
hill OF lading ut GA, Gi0,0OO do. at 545l
bl5h. coz. 900 do. and Al clear ut 545 q
545I, CISCO and C20,0O0 bill OF lading.
c5OjO and C6OOO Al clear and iSbOD, do.
and bill OF hiding ut b4bs, G60oo bill OF
Iading ut BASH a 5459, e70OO AL clear ut
SAC, and GaOOO bank at 549A.
The sales of francs comprised 10000
commercial, embracing 10000, 9W,oO
AL the close sterling bills were quoted
az 545 d 1854 for bill OF lading and Al
clear, and = 549l for. bank lbank
counter rate a $50 and francs at 46ll
for commercial, and nominal for bank.
The offerings Of New York sight were
quite liberal, but meeting with @ good
demand, commercial continued Arm at
Yesterdays Improvement. Tho. sales
Comprised $4,000, embracing $4,000
commercial. and $25, 900 and $4,000 pri-
yate bankers mt t-32 per cont premium,
$I5. Si5, 900. $35. 900, $65,0O0 and 49,
600 private bankers ut lie, and $4,000
ditto at 3-32. We also noticed sales OF
10000 commercial on Providence at
per cent discount, and $4,000 on st. Louis
at A. .4f
Thc banks checked on New York ut 4
per cent premium, and commercial sight
was still quoted at Zig.
The following is the official statement
of the sales reported to-day ut the Stock