The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-07


The Money market is more animated. We no
.ice some increase in the offerings at the banks
and on the streets. The former have an abund
ance OF currency and accept all good business pa.
per, whiieon the latter, though negotiations are
sol aslly effected, capitalists are be gnring to
evince greater disposition to accept other grades
than first-c!ass with or without coateIals. Moth
ing, however, has transpired that indicates any
change in rates. We continue to quote good com
mercial names, with or without coaterals, at 9Dl2
y cent per month, and good second grade at
l5Wls, with occasional transactions at u cent
per annum. First-class mortgage continue to
rule at 1OY1l U cent per annum, while second
grade Is still quoted at.
We learn that inquiries from the North have
been made at the Citizens, in regard to invest
monts in the banks Louisiana plantations, which
have been judiciously offered to capitalists
abroad, and it seems have attracted their atten-
ton. They could hardly make better invest
mcnts anywhere.
Gold opened at 1O9g l1O! against 1l0I at New
York. and after q fair business closed ut the
opening rates, against ITO in that market. The
1095, $1,000 and $50 900 at Ito, $4,000, $4,000 and
$4,000 at l1OI, and $1,000 and $4,000 at sl1Oi.
Nothing tIanspired in silvcr. American
half dollars we're still quoted At 1064DlO7. and
Mexican dollars at 96l@97 gold.
Under the influence of the decline in God at
New York, Foreign Exchange was shade lower
The movement in Sterling was Of fair extent,
amounting to $4,000, embracing 5000 bill Of
ladlng at 5N3. $4,000 DO at 5.274@5.2S, and
Eli,OOO at 5.2S.
The sales of francs included $4,000 com
meIcial at -.
At the close sterling bills were quoted at 527b
9s5 2s for bill Of lading and AL clear and -N5.31
for bank, and francs at 4.76! for commercial, and
4.72t for bank.
German marks were quoted at 1O3.
The offerings OF Domestic Exchange were OF
liberal extent, the demand was fair, and com
mcrcisl was shade lower. The sales of New
York sight covered $4,000, embracing SIS, 900,
commercial at 9-19 u cent discount, $4,000,
10000, $4,000, $4,000, $4,000, $4,000 and
$4,000 do and s25. 900, 100000 private bankers
and 10000 at !, and $4,000 commercial and
S., 900 private bankers at 1872. We also noticed
sales Of $40 900 commercial on Boston and $40, 600
on Providencs at ! u cent discount.
The banks continue to check on New York at
l " cent discount, while commercial is quoted !
at 40, against 907-l6 yesterday.
We notice more Improvement in the Security
market. Stocks without showing any material
advance are held more firmly, and will no doubt
soon participate in the enhancement of values,
City Bonds are offered oreofreely, and are meet
ing with better demand than for some time
past.
NO sales Of Stocks were reported.
\ 10 movement Ia Sonds was again quite &C
tive, particularly in City Gold Bearing s. ven Per
Gents, which opened at about Al and soon rose
to Al H4l2. but under tho influence of subse-
quen liberal offering, receded and closed at about
4o0i31 nearly. IL cent lower than yesterdays
close. The sales and resaleS summed I'D about
$50, 900, embracing 5000 at 4O3, $1,000 and $1,000
st 4Ol, GOO at 4O4dt4l, 5000 $5OOO and $1,000
at Al, $1,000 and $4,000 at Az, $2OOo, 81. 900
and $4,000 at AZ, and 5000 at AZ. The other
sales OF Bonds reported were 10000 New City
currency Seven Per Cents at 3&37A, $1,000 City
Ten Per Cents at 81, and q round amount OF
Jackson Railroad First Mortgage, Of which the ,
particulars were Withheld
There appears to DO scarcely any movement in !,
City Scrip. The few transactions reported are ,
mail retail transactions in City ApprOpria ton |
Certificates, and Metropolitan Police Warrants at
OH. :
State Warrants are at stand still. Old are :
quoted nominal at-@20, and new ut OBJ /,