The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-12-19

The Money market continues quiet The
OFFERINGS are of moderate extent at the banks,
and ali approved short paper Is readily ac-
cented There are but few collatera!s on
loans on the street, and the movement in all
classes Of commercial paper is extremely linn
tied. We continue to quote first class paper
and collateral loans for sixty days at S(g9
cent . annum. Al do at 1O@12, and second
grade at 15T11S. First class mortgages con-
finue to rule at 1O@11 u cent annum,
while nothing is reported IN second class, on
which to base quotations.
We notice that the following have been
elected directors of the Bank OF America:
Messrs. Am. Fortier, w. B. Schmidt, G. j.
Leeds, D. Fatjo, I. w. Tilton, John l. Adams,
E. B. Briggs, J. Scherck, J. Tuyes, W. Van
Benthuvsen, A. Tertro, John H. Rareshide
and J. Turcotte. Atthe meeting OF the board
Mr., Am Fortier was unanimously elected
President, and Edgar Hincks, Cashier.
Gold opened at 111iM111l. against ILL,
at New York, and after fair business, closed
at the opening rates. against llls In that
market The sales summed up S45, ZOO. en-
bracing $1,000 at ILL.,, $1,000 at 111as, $4,000
and $1,000 at ILL, $4,000 at l11!@1lls, and
$4,000 at 111s.
No sales OF Silver were reported. American
half dollars were still quoted at 1850 1OSl.
while Mexican dollars now rule at 97(G97l
gold.
Under the influence of the advance in Gold
at New York, and the stiffness in Domestic
Exchange, Sterling advanced about Ito y
cent. The movement was of fair extent, the
sales amounting to G4O, OOO comprising $500
bill of lading at 5.35, $4,000 do at 5.35i,
CISCO and f10,OO0 do at $751;, $4,000 do ut
s. 35Ct.5 36, 4500G AL clear at $3.50 5.36, and
e5OOU and $4,000 bank at $685..
Francs were also higher. The sales
comprised $4,000 commercial, embracing
10000, 10000 and 200, 900 at 40.
At the close Sterling Bills were quoted at
$3.50 $50 for bill OF lading and Al clear,
and 5.38sG-for bank, and francs at 40
for commercial, and 466, for bank.
The offerings Of Domestic Exchange were
of fair extent, and, with O moderate demand,
commercial closed st fiat previous rates. The
sales of New York sight covered 1856, 900, en-
bracing S11, 900 and $4,000 commercial at
- cent discount, $4,000 do, $4,000,
$4,000, $4,000 and $4,000 private bank
.ers', S45, 900 private bankers and bank and
$4,000 bank at 1892. We also noticed sales
of $4,000 commercial on Providence at /,
cent discount, and $50, 900 do. on Philadelph a
at GIG.
The banks continued to check on New York
at - cent. discount, and commercial sight
was quoted stiff at 7-16.
In Stocks we-noticed sales of shares New
Orleans Gas Light Company at SAD, ana
New Orleans City Railroad Company at $50:
In Bonds sales were reported OF round
amount of Old State, of which the particulars
were withheld, and $1,000 City Gold Bearing
Seven Per Cents at So; at the close 37t was
Offered and refused for the latter.
Nothing TRANSFERRED in City Scrip.
City Appropriation Certificates were
quoted at .................. 5rW-
Metropolitan Police Warrants ........ CSC
Time Certificates Of 1873. ............ ID
City Time OF 1874, April and May. 6O0SO
june July, August, september, Octo-
Der, November and December..... %M37!4
School Certificates OF 1874, June. - 9D01921l.
Iuly ,............ 7SNl8O
Anaust ACKNOWLEDGEMENTS. 6U0l621
Rcnten,bor ......... 50Nt52
October ACKNOWLEDGEMENTS. 40W421;
State Warrants continue in request, and
scarce. Old are now quoted at 2O(J22, and
new at about 5S06O..