The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-03-28
MONETARY,
NEW ORLEANS BULLETIS OFFICE,
Friday evening, March q, 1874.
NEW ORLEANS CLEARING HOUSE.

The money market continues quiet and easy, ant
the offerings moderate both in bank and the street
The transactions reported in commercial paper are
at previous rates. We continue to quote irst-clast
paper with coateras at gal per cent per annum
without at 1l012, AL at 1@1K per month"; and second
grade at 2. Frstclass mortgages still rule at 10 per
cent. per annum, but nothing is reported in second
class.
Under the influence Of Congressional legislation
the New York market Gold advanced this morning
re, opening at 112il @1l3, against 1l3i at New
York, and, after light business doing at 49,,
against 49, at New York. where it touched 1l31s
during the interim. The sales confined to s40,.
o00 embracing $4,000 at 49, $500 at 113 and $4,000
at 113h@1133S.
No sales of Silver were reported. American half
dollars still quoted at 1867 ga 1919, and Mexican
dollars at 10s@10s1k.
Under the sudden advance in Gold at New York,
Sterling Exchange opened unsettled, and quoted
nominally ITO q cent higher, but, under the sub
sequent decline in gold in that market receded 40
from the opening, showing net balance of 3-10
The sales amounted to f37 500, comprising f1500
and $4,000 bill Of lading at 544; f15OO do and f1sc0O
do. and AL clear at 5.441z; and f7ooo bill of lading
and f7500 bill Of ladng and Al clear at 5.44@5.45.
The sales Of francs comprised 100000 commercial,
embracing Is 900 at > 25 and $50 900 at 65 and
100000 at 1891.
We also noticed a sale of 90 600 German marks at
l.07.
At the close sterling bills were quoted at 5420
643 for bill of lading and AL clear and 544a9545z
for bank, and francs at 4664g465 for private, and
nominal for bank.
The offerings Of Domestic Exchange Of liberal
extent and sales without quotable variation. |
The sales of New York sight covered 1865 OOO embrac
i'm o cial a cD0
600. $4,000 and $4,000 commercial, and $4,000 pr
vate bankers at Il, $4,000 commercial at l4@7-32
s25,ooo commercial. $4,000. s250Oo and $4,000 pri-
riyate bankers and $4,000, and $4,000 bank at 1872
and $4,000 and s25,OOo private bankers at 316.
We also noticed sale Of 5000 Providence lat = p
cent discount.
The banks continued to check on New York at par /
and commercial sight was still quoted at u 4 cent.
discount.
The sales of Stocks included % shares Working
mems Bank at s12 so, 10 Bank of America at s7s,
and Is st. Charles Street Railroad at s7S
We noticed more movement in Bonds, particularly
City Collaborating Seven Per Cents, the sales and re-
sales Of which comprised s. 1000, embracing $4,000 at
591a; $4,000 $4,000 and $4,000 at 500; 5000 at 59z
$4,000 at CO. and $1,000 at co., They closed about
100000. We also noticed sale of $4,000 New City
Seven Per Cents at 81. 7
The sales of City Appropriation Certificates in
cluded $1,000 and $4,000 at 6s the market closed at
about G2@G3. r
Metropolitan Police Warrants were quoted at "A,
but no sales reported. 4
State Warrants continue in demand for the payment
of taxes. Large still quoted at So and small at !
$1,000.
New Clinton Warrants continue quiet and nominal h
Il so@s2 g