The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-06-07

The week closes with rather better feeling. whic
has teen strengthened by the passage of the Fort 81
Philip Canal bill by the Lower House of Congress
and the decision of The United States Supreme Cour
in relation to municipal liabilities. The latter sup
posed to have INCREASED the demand for gold bonds
| the pa ticulars of which will be found below. Tn
recent movement in Jackson Railroad Bonds was tol
lowed by fur her transactions to-day. The Consoli
dated Seven Per Cent Gold Bonds of this compan,
here, issued in May, 1872 payable in 40 years. to thu
amount of $8,00000O, for consolidating the foatins
debt and completing the KOscusko branch which ha,
since been accomplished.
The Money market continues quiet and EASY; tn,
offerings both in bank and on the street are limited
and no are reported in commercial paper
that indicate any quotable variation in rates. We cor
hnue to quote select signatures, with without
col aterals, at p cent annum, first class 9M1O
Al at 1l@12. and second grade at 1@1a p cent pei
MONTH first-cass mortgages rule at 10 p cent pei
annum, while nothing is reported in second grade.
We notice that proposals for the sale to the city
ten wharf improvement bonds will be received by
Administrator of Finance until Wednesday, the 18th
inst, at II NJ
Gold opened at 1112s@11lsS, against 1l1ss at New
York and ter moderate business at irregular rates
closed at lll@11l &c lower than yesterday against
l1024 in that market. The sales summed up $50 500
embracing 81 900 at III. $4,000 and $4,000 at Ill
1ll1s@111 e, and $4,000 at 11124.
No sales of Silver were reported. American half
dollars were still quoted at 106d 1O7 and Mexican dol
lars at 1l2@1125.
Sterling Exchange opened weak at previous rat e.
and under the course of gold at New York, closed
about 10 D cent. lower.
The sales were confined to f7sOO embracing G son
Nobile bill of lading at -. CISCO bill of lading at
SO, f250O Al clear at 5.4l1s and $4,000 bank at
547}s.
The market was bare of francs and with a mode
rate demand, rates responded to the decline in Gold
at New York, and was quoted materially lower. No
sales were reported
At the close Sterling bills quoted at 39d5 4O%
for bill of lading and Al clear and $40 for bank
and francs at 466 4.65 for private and nominal for
bark
] he offerings of Domestic Exchange we're light and
wi a m derate demand rates wore W thout ouotabe
variation. The tales Of New York sight We're con.
fined to $85,00O embracing $4,000 commercial at y
U cent pre- Eium, $4,000 commercial and $50 600
and $4,000 private bankers at SIC, and $4,000 and
$40, 900 bank at 1872
The banks continued to check OF New York at 2. p
cent premium, and commercial sight was quoted
at SIG.
National Bank and New Orleans City Railroad Com
pany at and at auction, by Messrs. Nash Hodg-
son, 800 scrip of the Home Mutual Insurance Com
pany at Ice q 81; and by Messrs. Hoey 4 O'CoUner,
for account of the succession of Hugh McCoskey 10
shares Hbernia Bank at $50 60 IL do at $751; and 25
Hibernia Insurance Company at SAG so. The rs
shares OF Canal and Claiborne Street Railroad Com.
pasy, and Southern Pacific Railroad advertised,
we withdrawn.
We noticed more activity in Bonds, particularly in
ty Gold Bearing Seven Per Cents the sales of which
included $4,000 at 81 $4,000 at 81 $1,000 and $4,000
1t 81 and $4,000 at 5236. The market was quoted at
he close at about 81 Z for round amounts We also
noticed sales Of $1,000 frat and second orig ge Jack
'on Railroad and ten per cents the particulars
If which were withheld.
Nothing transpired in City Scrip. Appropriation !
Certificates and Metropolitan Police Warrants are quo
ed at about $1,000, and City Time Certificates 1873
t So
Large State Warrants were less in demand and |
we're quoted at 40@42; medium at 43945, aud small |
45G55, according to size No sales were repor ted