The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-08-30
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Saturday Evening August q. lS74.


OFFICE NEW ORLEANS BULLETIN,
Saturday Evening, August q, 1874.
! CIearings. Balances
August g.. ............. s49G, 10 81 s7s,7Do D.
Same time last week =. 1921. 5s5 II s7l,572 o.
Total last week ..... 2,765, 456 AZ 5O4,093 7:
! Total week before. g. 23O, 756 % 5lO,O u
We are indebted to Mr.. l. n Maynard, Mana
ger Of the New Orleans Clearing House, for the
/ following comparative statement Of the Associated
Banks for the week ending to-day:
Increase. Decrease
Specie .............. $1,000
+ Loans. .................... - $4,000
I Deposits ...-....... ........
! The Money market Is quiet and unchanged;
the offerings are Of fair extent at the banks and
moderate on the street, while the rates Of com
tnerciai ps "er continue without apparent varia-
ton. We continue to quot, selected signatures,
with or without colaterals, at 91lO y cent per
annun, class At -ttii, Al at PIG. and
sec md grade at II IL cent per month"; FIRST
class mortgages are still quoted at about 10 u
cent per annum, and second grade at -.
We are gratlficd to learn that the affairs Of the
Teutonia National Bank have been honorably and
satisfactorily settled. On the report, we pre-
sumo, Of the Bank Examiner, and other evidence,
the Comptroller Of the Currency has authorized
the institution to go into voluntary liquidation
which would not have been done had not that Of
cer been satisfied Of the good faith and integri-
ty OF the present management. Otherwise receiv
er would have been appointed. Nothing now re-
III aims but for the stockholders, by their notes,
Oh Tu sday, to authorize the liquidation, to which
of course they will assent.
The deposits have been drawn down to a very
low point, but in order to enable the bank to pay
ALL it has been necessary for it to accept the offer
OF the Germana, Canal State National Unior
National and Metropolitan Banks to rc-discount
its portfolio. The bank now calls upon depositors
to withdraw their balances and upon all creditors
to present their cairns for immediate settlement.
1t would be difficult TO find in the annals OF bank
ing under the national banking law an instance
III which a bank has been liquda ted more credit
ably, for which much is due to the confidence
posed in the cashier and that officers energy and
perseverance,.
Gold continued to rule at 1O94Q109i in this
market, and l094 at New York. The business was
Of moderate extent being confined TO $4,000,
embracing $1,000 at 1904, $1,000 at 1899, $4,000 at
1898, and $1,000 at 1893.
No sales Of Silver were reported. American half
dollars were still quoted at 103INl1O4A, and Mexi-
can dollars at 81 gold.
Foreign Exchange was without glotabc vara-
ton. The only sale Of Sterling reported was
flOO0 bill lading at 5.33, but nothing TRANSFERRED
in francs. At the close Sterling bills were still
quoted at 531 t0l333 for bill Of ladng and AL
clear, and -l5.37 for bank and francs nominal at
472b for private and - for bank.
The offerings Of Domestic Exhange continued
quite limited, and, with moderate demand, rates
We're without quotable vari ton. The only sales
of New Y rk sight reported were S25, OOO com
merclal at 9-}2 t! cent premium and $35, 900 bank
at sic.
The banks continued to check on New York at
] y cent premium, and commercial sight is
still quoted at 4Mj-l6.
Nothing transpred in Stocks.
In Bonds We noticed better feeling in City
Gold Bearing Seven Per Cents, which was, how
ever, without quotable variation, being still
quoted nominal at 43NaIi. The sales included
a. An