The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-23
MONETARY.
NEW ORLEANS BULLETIN OFFICE,
FRIDAY EVENING, May 20. 1874 J

Notvitbs apdino the remarkable dullness that has
1r some time preva ied In amos. every . ra,Ser
Aetter feeling especially for SOUND securities' u
q ticpstioDs Of an improved demand 1or sucn oahA
tocks az can be relied on Tor their usual dividends
and for ity Banks the punctual payment OF the Ju
interest, which it is asserted may be conndehuy
expect d. while it is affirmed with eqnai connaeh
east due arran ement wi be made for the future
Al the "a at VIII ch these 'onds are now quoted IN
Che opeu market, they pay from lO@l4 q cent per
auuum Offering strong attractions to aproad,
- vii as at home 1t ia supposed. moreover, that
with the plethora If money in New YORK anG at oher
points, aud with far repre- entation OF the souS
of our Londs, and CT the high rates OF interest they
R'y capitalists Will urn 'AS'' '''s''0, ,,.
We learn that inquiries have already been male
from New YORK about our old State bonds whc. are
now quoted at 25 with the view Of exchanging them
1t par Tor tn, New Consolidat " ty Years STATE
Seyen Per Cents at 60 per l0O ne exchange 10 com
mence the LIST next July at the Office OF the State
Funding Commissioners in TINS city, ano al tlie
authorized State Agents, at New forN, on ne sam
fay From these general views it Is argued tina our
credit is not so far gon, but tat by proper man gee
mept it can gradu lily rest red to healthy state
and impulse be gwen to our hhahcai ho'e
ment. -, 49, ;.,
limited offerings The banks, which readily accept
all approved Short business paper Inc femaha Ior
d,scount, on the street is modera @, but 1t dincut
10 negotiate any selected and frst-class signatures
with or without cpllaterals, which are scarce Other
trades are neg ected. Nothing has transpred in any
class that indicates any quotabie variation IN rates
We continue 10 quote selected paper, with r witho
n o
Al ut ll0Dl2 and second gr de at l@lH y cent per
month. There is little doing in no tgaSes and the
few transactions that transpire are IN hrst-cas at w
cent or annum, while nothing whatever is reported
in second grade on which T. base any quotatlons.
Gold opened at lI27s@ll2ss, against ll22s at New
York and after moderate business. osed at liz 4g
li2X against ll24 in that ket, where it touched
ll2x during the IN erin. The sales summed up
$4,000. embracing $4,000 and 5000 at ll2s ~ ooo
at ll23Ml u, $4,000 aud 5000 at ll2s, and $1,000 at
No sales OF Silver were reported. American half
do lars now quoted at lU65aDiO71a. ana Mexican
dol ars at ll2gll3
az Exchange opened at previous Rates aud arr az
yancing shade. at noon on the improvement in gold
Ut New York closed at the opening rates, III sympa
thy with the subsequent falling Of in gold in that
market. Ihe vement was limited. the sales
beiup co anei to fIs,OoO comprising { 900 and
Et5OO bill Of lading at 6a6R, f5OuO do and tl5OO Al
clear 6.46. f2OOU AL clear at 461s f2ODO private
bs kerh' At, and GlOG0 bank, for gold, at 3 4Sia.
Francs continuing arce and in request, ruled nee
higher thu yesterday The sales amonnie to 10000,
10000 French at 4 60. and 1900 do at =
-. At tine close Sterling bills were quoted at 5.441a@
$40 for bill 1ading ant Al clear, and 5. 400 +
bank and francs at al 81 Tor private aud nom nal
The offerings of Domestic Exchange we're Of mod.
crate xt mt aud with limited dem nd c'mmer' lai
OpsI cd easy bat subsequently harde led and closed
FIRM. The sales of New York sight covered ab "a
S2oOOOO embracing sls O0 and s25 900 private bank
ers at x p cent premium; 10 do It l6; SO 10
cOmmercia aud bank at 4G5-l6; Sl5,00J commercial
Ut 9-32 and $50 900 do at 1905 l6
The backs continued to oh ok on New York at q q
cent premium. and commercial sight was still quo ed
~ k05-l6.
We noticed more liberal movement in Stocks than
Tor me tine past The sal inc nd ng shares >!
Mutual LII urxnce Company at $73 81. Factors and
Trader-' Ius rance Com any ut $50 80. 10 tanrl
Bank 1t $4, 50 C.rroton Railroad Company at 500 So
Bales wer, also exported of Orleans ST. Charles ar
lion aud Cresc Mt city Railroads AMI Of the State
National an Louisiana st to Banks. Ihe part Gu
lars Of whic were withheld.
Tho sales of Bonds included $25.00O Old State
Bikes At A. ~ $1,000 Untei States Five Twentes at
12lk. III has been more inquiry recently Tor
United States sons which with the renewed move
nent in stocks indicates y growing demaud for in
vestment.
city God Bearing Seven per Cents are still quoted
~ ab0at g.
The sales of City Appropriation Certificates included
$1,000 at 6lk they were quoted at 6l@62. acc riding
% size.
Metropo itan Police Warrants qnot-d shade
higher than Appropriation Certificates. but no sales
were reported.
Time Cer,ihcates Of 1873 were quoted at 6Oh@6l;
NO sales were reported
Time and scnool Certificates are quoted various y
according {, months
state War ants dull and lower, and were
quo cd at 42tp+3 for large. 44@45 FOR medium and
about 50 Cor small
[By Telegraph
NEW YoRK, May 23.-6's of 1881 12'H, 5-2Ts Of
1861 49, CAS- NIX $50 49, 49, 67s 1205s,
'CS's llOx, new SIS 1882. 10-4 Is lis.