New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-05
MONETARY AND COMMERCIAL
MONETARY.

.--~
NEW ORLEANS REPUBLICAN OFFICE,
TUESDAY kvEN1NG. January 4. 1876.
The payments in bank yesterday and to-
day have been heavy, and go far as we can
learn the large amount Of paper falling due
has been met satisfactorily. The large pay
ments yesterday account for the heavy
clearings shown in the Clearing House re-
port to-day. Money continues easy. with
fair demand for discounts at the banks. ana
but little inquiry on the street. A TAR
movement was reported IN gold To-Day:
Foreign exchange was more freely o onst;n
ued in liberal supply at previous rates
ONLY few sales of stocks were reported.
CITY bonds were quiet and unchanged.
New State consels were reported active at
an advance.
We continue to quote exceptional paper
at -09 " cent y annum discount; Al 40
at lO0 IL, and second grade at ID 10 firsS
class mortgages still rule at CIV Y cent
annum; second grade continue entlreiy
nominal.
NEW ORLEANS CLEARING HOUSE.
,.nr.rv o'e"fs New Years
January 4.......:......:. 3l54,ss7 So s3s,4ls l6
Tins far this week. 44o 1913 81 $50. l4s 60
Same time last week.. IA 10 ~ 1s'Saa -
Tots last week 10 sst a ls as s IS
Gold opened at 1923 0ll2's, against il2's
at New York, and after fair business
closed at ll2k q 1924. against the opening
rates in that market. The sales summed up
$40 900. embracing $1,000 at ll212; S5ooO
and $1,000 at ll25s; $4,000 at 1928 a
ll2a4, and $1,000 and $4,000 at 1l2%.
No sales of silver were reported. Amerl-
can half dollars we're still quoted at loo q
IO7, and Mexican dollars at "a 09413, goid.
Under the decline in gold at New YORK
sterling was quoted lt2 lower te4ua' w w
about 3 10 y cent, and francs fully u y
cent. The movement was quite liberal in
sterling. but was moderate in francs: The
sales of sterling comprised tl2, guy, en-
hracinp $4,000 and 100000 bill OF lading
AZ IS 39ie: 1e63, 900 do and AL clear -
391a as 40; $4,000 do and AL clear at %
1914 as 40; El5OO, fl8O0 and tl0oO Al clear ear
f7OOO do and bill of lading and t26Ooo
bill of lading at s. 40.
The only sales of francs reported were
50. 900 and lOO.O 900 at 4 66A.
At the close sterling bills we're quoted at
IS 1895 40 for bill Of lading and Al Clear ,
and nominal for bank, and francs at 4.ooN
for commercial and nominal tor bank.
The offerings Of New York sight were
of fair extent, and met with good demand
a. previous rates. The sales comprised
$685., 900, embracing Sc, 900 commercial at
u y cent discount, and $25.0 600 do ana
private bankers, $4,000. $50, 600, xeo, ooO
and 800, 900 private bankers, and $4o'ooo
do and bank at ZIG. We also noticed
sales of $4,000 commercial on Boston, ana
$40 900 on Providence At GIG Y cent dis
count.
York at v y cent discount, and commercial
sight was still quoted at 7-l6.
The sales of stocks included lO shares
PEOPLES Bank at -, 40 Southern Bank at
$45, and Carrollton Railroad Company at
SIS.
CITY bonds were quiet and unchanged.
There was an active movement IN new
State consols, and the market was quoted
at 57A a574, nearly " v cent higher. The
sales and resales amounted to $l0S,00O, en-
bracing $4,000 at 56a4; $4,000. $l3,OOo.
SIS. 600 and $l5,O00 al 81; $50 600 at 81 IS;
5000 at 57A and $4,000 at 81.
No sales OF city scrip were reported. 1t
was still quoted at 44l2 40 for August 10
December. 1873. time, and July to Decem-
Der, 1874; and at so a 81 for June and part
of May. 1874.
Nothing transpired in Metropolitan Police
warrants. They now rule at 60 81 tor
1884 Issues, and 1880 for 1923, while
1912 and 1862 continue entirely NOMINAL.
No sales Of State warrants were reported.
Fundable were still quoted at Al a A., not
tundable at @, and 1874 issues at ~
AS.