The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-21

We note a somewhat better feeling in financial
circles, but the Money market continues
rather quiet with the offerings OF moderate
extent at the banks while those on the street
exhibit slight increase. The demand for com
mercial paper is better, particularly for hrst-
class, which Is scarce, and can be occasionally
placed at Lower rates than our quotations., al
though capital apparently continues confined 10
. few parties, who are firm in their pretenelons.
Nothing, however, has traDsplred that Justlnes
any change in our quotations, we therefore con-
tinue to quote good commercial names, VIII or
without colaterals, at 9@12B cent per month
and good second grade at l51lS, with occasional
transactions at 3 y cent u annum. flrst-cass
mortgage continue to rule at !OGIl q cent q
annum, while second grade Is stu quoted AT.
The movement III Stocks Of different kinds con-
tinues limited; there is rather more disposition
TO buy and less to sell. The slow progress OF the
Returning Board to certain extent lmpedes
operations, pc ople having waited so long, pre-.
ferring to see the declared result This de-
law which Immediately concerns the city admin
istration, has had apparent effect on City
Bonds, which arc hardly al strong. 1t Is gener-
ally understood, however, that the new City
Council propose to act strictly on a cash basis,
and a. soon as this policy is known 20 be estab-
lished, the prevalent opinion seems that 1t will
have favorable influence on City Securities
There appears no disposition among holders to
keep their bonds on the market at present quo
tations.
Gold opened at 11O2@11l, against 1114 at New
York, and after moderate business closed at
llOzd1l11a, against ;l13 IN that market, where it
touched ILL during the interim. The sales
summed up $4,000, embracing $4,000 at llOs
$4,000, $4,000 and 5000 at ILL., and $4,000 at lllS
11li.
No sales OF Silver were reported. American
half dollars are now quoted at 1073@10S, and
Mexican dollars now rule at 97t gold.
Under the influence OF the decline in Gold at
New York, and the weakness in Domestic Ex-
change here, sterling opened about LILO u cent,
lower, bat under the subsequent advance IN Gold
and bills at the former, and stiffening in Domes-
tic Exchange in this market, closed at net i'm
The movement was OF fair extent, amounting
to f42, 200, comprising f35O0 bill of lading at
1884, ElOOO do at s. 49, fl2OO, f45OO and ELL 600
bill Of ladng at 33t, fl40OO do and AL clear at
6.330D5 "a, $4,000 and $4,000 do at 5.34.
Francs responded to the same influences which
controlled sterling, and closed higher. The sales
comprised 555, 600 commercial embracing g, 600
at Aha and $1,000 100, 900 and 306, 600 at 40.
At the close sterling bills quoted at $751; "a
5.34s for bill Of lading and Al clear. and $3.50
5.37 for bank, and francs at 4.7OGi.68l for COM
merciai, and 4.65 for bank.
German marks were quoted at lO41l044
Domestic Exchange opened shade lower,
but the offerings being OF moderate extent, and,
notwithstanding the subsequent unwillinSness OF
the banks to pay the rates asked, commercial
closed at q slight advance at yesterdays quota
ton. The sales of New York sight covered $685.
600. embracing $40 900 commercial at u cent dis
count, $4,000 and $4,000 and $4,000 CONNER.
ciai and sI5 COO and s36, 900 private bankers at
ZIG SAC, 900 private bankers 1882, and O,00O
commercial at :. We also noticed sales Of $4,000
and $4,000 commercial on Providence &C " |
cent discount
The banks continued to check on New York at
1 ~ cent discount, and commercial sight was |
quoted at 7-16@ discount. !
In Stocks we noticed sale of two shares Mer. |
chants Mutual Insurance Company at s43, and |
some st. Charles Street Railroad. Of which the |
particulars were withheld.
Yesterdays report OF 80 shares of Hiberna
Insurance Company at $62, should have been Hi
hernia Bank.
The sales OF Bonds included some round lots of
old and new State Bonds, of which the particulars
we're withheld, and $4,000 City Gold Bearing
Seven Per Cents at 3St@3S4, and $4,000 do at
364; the latter closed at about 384.
No transactions worthy Of notice were reported
in City scrip.
We are indebted to Messrs. John Klein 4 Co.
for the following quotations
City Appropriation Certifc, cites, Metropolitan
Police Warrants and Time Certificates OF 1873
4l}@43.
City Time Of 1874 June, July, August, Sep
tember and October, 33@34a. April and May,
nominal.
School Certificates of 1874: June, 9O092
July, sO@s5; August, 60965; September, 500
IS, and October, 4O@45.
Nothing was reported in State Warrants. Old
we're quoted nominal at $50, and new at
42t@-.