The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-13

The IN ,pey market is without any feature t
notice. The demand for di counts, both in bank an,
on the street. continu quite limited. and the few
transactions reported in nmercal paper are at pre-
yious rates We continue to quote selected sigma
natures with without colateras. at p cent
per annum; first class. at a@l0: AL, at 11@l2
and second grade at 1@l1a per month. First clas
mortgages continue to rule at 10 y cent per annum
but nothing is reported in second grade
We learn that the United States Examiner visited
the Clearing house this morning and exp essed grea
satisfaction with its workings. He has just finished
the examination of our National Banks. OF course the
result of his scrutiny will not be officially known unit
after his report Il tine Comptroller but it is m IRE ia
yoraole than would have been anticipated from the
shrinkage in the market value Of bank shares.
Some days ago noticed that the receiver of the
First National Bank had clared another dividend,
making tota! of IS per cent. This is better show.
ing than expected and it is hope the r. suits will
be equally beyond the general exrection with regard
to the New Orleans National ankng Association. aud
the Crescent City Bank dividend OF % per cent
has been already declared for the latter, but the
progress ia th liquidation of the former. and the col
lection of its assets, is much retarded by Legal
proceedings both at home and abroad. This .emirh
is also to some extent applicable the Crescent City
1t will be from the text Of the ordinance,
which will be fund il another column the city tax
pa, able in 1874 comprise the following, viz:
For payment of interest, per 500. 90
For current CT expenses g ........... IS
For Park, "............. 121s
For Metropolitan Police. ............. Az
This makes tota of ga per cent. to be essed on
the valuation Of all properly within the city I II
per current expense tax OF 81 IL per 500
are repealed.
Cold opened at 1117s@1l24 against 112ls at New
York and after limited business closed at Ill @l12
against Ill in that market. The sales confined
to $4,000. embracing 1000 at ma $4,000, $1,000 and
$1,000 at 1l2, and 5000 at 1925.
Nothing trans pred in Silver. The market is st II
quoted at 10 @10s for American half dollars and ITO
OIL for Mexican dollars.
Under the influence o the decline in gold and bills
in New York, Sterling Exchange IL off nearly 10 p
cent.
The sales compr sed only f2l 900. embracing fl5OO
and 1000 bill Of ladng at SAB, fl200 and El0 600 do
at 543h, Zoo Al clear at 544, $4,000 do. SAD
$500 Anne lean ships bill at SAT, Is bank lat tue
couner at $40, $500 do at SO. aad $500 do sight
$50.
Under the same influences that controlled Sterling.
francs also declined. The demand fair and the
supply rather limited The sales included 225.cOO
commercial at 63si94 62h, aud 70 900 do. at 6,ss.
In German marks We noticed sale of 20, 600 at -.
At the close sterling bill were quoted at 5.421s1
5.43a for bill of ladiDg and AL cleIr, aud 5.47@-
for bank and francs at 463sl@462s for private, and
nominal for bank.
The offerings of Domestic Exchange were of limited
extent while the demand WIS less liberal, and
mercal ruled shade wer. The sales of New York
sight were confn to $i3 900, embracing so 90
conn ercial at 4 p cent. discount, $4,000 private
bankers at $40, $4,000 and S2S 900 do at Lie and
f25, 900 bank at par.
The banks continued 10 check on New York at par
and commercial sight was quoted at u p cent. DIS
count O., anst - r cent discount a par, yeser-
day.
In Stocks we noticed sale of shares New Orleans
City Railroad at $l56 90. The auction sale by Mr..
Van SoIipgen of shares of Bank of Lafayette being
poorly attended, and but few bids being made the
shares were withdrawn.
The sales Of CITY Gold Bearing Seven Per Cents in
Gu led $1,000 at $1,000 and $500 at 3d. and $4,000
at 53h; the market clc sed about SO.
No other sales of Bonds reported
The only sales reported in City Appropriation Ger
tihcates were 800 at 81, and $1,000 at GA. They
closed at about 6l@62.
Nothing reported in metropolitan Police War
rants.
The marke: for State Warrants quiet; sales
were exported, and they held at yesterday clos
ing rates Of 4546 for large, 47@4s for medum, and
506155 for small