The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-09
MONETARY.
NEW ORLEANS BULLETIN OFFICE,
FRIDAY EVENING, May 8. 1874.
NEW ORLEANS CLEANING HOUSE.

We have new (, atu re to notice in the Money mar
ket. The demand r dscounss continues limited
both In ba aud on the street, and most Of the tran
sactions in mmrc;a paper are at previous rates
though an occasional negotiation is repoi ted in first
class at % cent per annum. The ethora Of api al
seeking investment in New York and other places is
apparently proportionably great in this market fo
we learn that large amounts sent to New rk are
refused even at y cent. per annum. At the same
time capitalists avoid all ,ond class paper and Sc
curities, without regard to rates.
We continue to quote frst-class paper with or
without col ateras at 90l0 y cent per annum AL at
Hop. and second grade at 1@lh per month In
MORTGAGES notice negotiation of $4,000 at 10 p
rate Of the market for rst-cass Nothing is reported
in second grade.
Gold opened at 112@112k. against 1929 at New
York. and after rather moderate business closed at
the opening rates in both markets. touching 1l27s
during the interim at New York The sales con-
fined to $4,000 embracing $4,000 at S1l2 $4,000 at
1890 12Ls, and 81 and $4,000 at $l121a.
Nothing is reported in Silver except occasional
uifng retail transaction The market is now quoted
at lO'@l0s for American half dollars while Mexican
dollars continue to rula at ll0@l11.
Sterling Exchange responded to the fluctuations in
gold and the advance in bills late in the day New
York. and ruled at irregular rates; opening 2-lO q
cent higher or commercial, and 10 for bank and
closing $40 lover yes erdays rates for the former
2l0 for the lat er. The movement of liberal
lading and $500 AL clear at 6.431s. f1sOOo bill Of
ladng and AL clear at 54295 A. f5OOO bill of ladin
and fl000 A, clear at A. fiS so bill OF sdng and AL
clear Of f35OO bill Of lading at 5.45 $4,000
private bankers at 5451a, and 200 bank at $40
Francs continued scarce, and be ng in request,
closed higher. The only sale reported 10000
commercial at 462h
At the close Sterling bills were quoted at $500
5Ah for bill of ladng aud AL clear. and 5.4-@5.4S
for bank, and francs at for private. and
nominal for bank
The offerings for Domestic Exchange were liberal.
and with fair demand commercial closed shade
higher. The sales Of New York sight covered $685.
OOO embracing s. ,OOD. $4,000 and $85, 900
cal at 5l6 cent discount, $4,000 ani $4,000 do,
and $780, 600 bank at 932 $3.50 private bankers at
and $4,000 do and $15OOO. $4,000 and s25 900 bank
at 1882.
The banks continue to check on New York at par.
and commercial sight was quoted At 5-16@4 p cent.
discount, against 7s@1 yesterday.
Several sales Of Stocks reported, Of which the
particulars we're withheld.
In Bonds noticed sales of Seven Per Cent Consol
dated Mortgage Gold Bonds of the Jackson Railroad
of 1872, of which the particulars did not transpre
The only sale of City Gold Bearing Seven Per Cents
was $50 at SAX; they closed at about SO.
Guy Appropriation Certificates and Metropolitan
Police Warrants were quoted at about -@62 but no
sales worthy of notice were reported.
The aes of State Warrants included $4,000 large at
42h, and $4,000 at 49, the close 43 offered for
large which were held at As. Small were quoted at
@50. 1t appears that large warrants be placed
in the hands OF the taxcol ectors and orders drawn
against them for tax payments.