The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-07-08
MONETARY.

The only change to notice in the Money marke
is . further moderate increase in the demand fo
discounts at the banks, while the offerings OF
the street were OF moderate extent and the
rates Of commercial paper without quotable va
ration. We continue to quote selected sigma
lures at y cent per annum, first class
at 9@alO, AL at HOB, and second grade
At 1@14 D cent per month. First-class mort
cages at 10 u cent per annum, and second
grade entirely nominal.
GOLD opened at 0aW110,, against llO3 at New
York, and after fair business closed at lO9lG
1lOl, against 1O9q in that market. These are the
lowest points touched in either market since De-
cember 20, 1871, when the quotation here was
1O9t On the Oath, it was quoted at New York at
The sales summed up s36, 500, embracing $1,000
ut 1lG, $1,000 at llOg $1,000 and $4,000 at l104,
$1,000 At llOi, md Sl5, 900 at 1105.
No sales Of Silver reported. American
half dollars are now quoted at 1O4t0DlO53, and
Mexican dollars at lO94, or at par with gold at
New York
Under the influence of the decline in gold at
New York. Sterling Exchange opened fully 2-l0 u
cent. lower, and under the subsequent decline in
that market, closed at net falling OFF Of 40
The sales we're confined to $4,000 bill OF ading
Ut -, $1,000 do at 5.33, and f25OO at 5.35.
Nothing TRANSFERRED in francs.
At the close Sterling bills were quoted at
5.3240D5.384 for bill Of lading and AL clear and
$3.50 for bank, and francs nominal at 40 for
private and entirely nominal for bank.
limited extent, and, with moderate demand,
rates were without quotable variation. The sales
OF New York sight covered S115,OO0 embra-
cling $40, 900 and sl5 900 commercial and $4,000
Texas bank 1T " cent. premium Sl5, 900 private
bankers at 9-32 $40, 900 commercial and $40, 900
and SIS, 900 bank at SIG. We also noticed sales
Of 81, 900 commercial on Boston at BIG b. cent.
premium, and $4,000 do at 1882
The banks continued to check on New York at
! y cent premium, and commercial sight was
quoted at 5-l6
Tho sales OF Stocks included 10 Crescent City
Railroad Company Mt $50 so; and at auction, by
Messts. q. De Ferret X Co., for account of Wal
ter Il. Hepp ct al. VS.. d. Fazende, tutor, ct al,
loo shares Polk County Copper Company OF Ten
nessee, OF $100 each, at $40; $50 Burra Burra
Copper Company Of Tennessee, of 800 each at
so; 10 Mechanics and Agricultural Fair Asso-
ciatiOn, OF $25 EACH at -; 220 Louisiana Ice
Manufacturing Company, of $50 EACH at S12; Is
Peoples Bank, of $50 each, at $50; 10 Louisiana
Rxmie Culture Association, OF 800 each, at 81, !
and an interest of $3.50 in the Diamond Drill
Company at SO. No bid was received the
shares OF the Peoples Insurance Company
The sales Of bonds included $1,000 City Gold Bear
INA " cents at 474 $1,000 and $1,000 at 48; and at
the aforementioned auction sale, 5 bonds of the |
Burra Burra Copper Company of Tennessee, OF
$500 each, at 81 and bonds OF the Louisiana Cot
ton Manufacturing Company, OF $1,000 EACH at 260
City gold bearing y cents were quoted at the
close at about 474Sg4S.
tice. City Appropriation Certificates and Metro
pOlitan Police Warrants were quoted nominal at
about 53, and time certificates Of 1873 at so.
btate warrants continued dull and nominal ct
S10S3 for large, 34@3S for medium, and 3s0l4O
for small