The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-09-06
MONETARY.
OFFICE NEW ORLEANS BULLETIN. ,
Saturday Evening, September j. 1874,

: Clearings: Balances
Septe,ahe. s.......... 7ll,0oo s. 61,ol6 q
Same time las: week.. 1870 ). $3.50 81
Total last week. ....... 3,3o3,72O 50 1851 2e
! Total week before. -. 10 45G II iOy5 Is
We are indebted 70 Mr.. |. \. Maynard, Mana
ger OF the New Orleans Clearing House, for the
following comparative statement Of the Associated
Banks FOX Sic week tnlin. to-day:
increase. Decrease
Specie ............... -. SD, 0N
currency ............o. sl,'WG
Loans ..,....-....... 81 0oO
Deposits ........... ....... 49,. i39 OuJ
We noticed generally better feeling in imam
.ial circles to-day. .hc eloncA market continues
quiet. With moderate demand for discounts at
,.le ban'5, while th- offerings Oh the street arc
rather lini,c. a.! bat .cN trans soiIs arc cos
summarized
We coltlnl.c /. quote selected signatures,
wlth rr without coliatela'>, at 9Tf10 !. cent
second Grade Al = j. cen. p. month. First class
mortgages are stIli quoted at about 10 y cent Der
dEnllln. and second grade al II.
1t viii be seen from tie full report, i'll another
column, that, at i meeting Of the Clearing Ii uuse
Association to-day, the committee appointed to
examine tie all NJ of the Citizens Bant reported
that tho cash liabilities Of the bank were $500 :
900, and is assets ii 300. 800; but tlat although
so 1000 may bc realized from tle,.4 within twelve
months, or les time, the latter were not availa-
b+t ~ iiStt tt.sl llidt, HltGG
circumstances >, they cannot recommend that The
association should lend the bank the am INT re-
OUR u ior it rcetIacltatDn.
The conim.ttec also reported that the bank was
taking checks oil Its deposits IN payment Of all
dues t. both the banking and mortgage depart
mcnts, and that thcy Lad Suggested hc proprletv
Of Issuing rted checks Of deposit to Tie de-
positors, hy which the deposits would be made
available for u4,le dlatc necessities should ii be
required.
Resolutions were also passed at this meeting
declaring That ii was the intention Of the asso-
cation that all the banks connected with the
Clearing House were Solvent and safe, and that
and that Ill future no checks would be received
b. the Clealng House Association banks drawn
on an! bank not member of the association
This measure was melted by tho Southl ri Bank ;
eAa"tinS culfenrI in payment Of obligations due
said Institution"
Gold opened at lO9i0r109s against 1oo7 at New
York. and after mode rate business, closed at
1903 81 3. The sales summed up Sc, 800 en-
braclng 5000 Al lG3 and :lJp0, $1,000 aud so 900
at l0".
NJ sales # silver were reported. American
half dollars quoted at 1O1l0' los. and
Mexican dollars continue t. rule al 975 gold
Foreign EAciAah.e was without quotaDie yaria-
ton, and nos i nlnglt SransactoA ILL a.eGllnS OF
franc. was reported.
AT the close steri1; 'i. ~c.c still auo.ei al
'.301l ,.32 !os bids Of iaIng and Al clear and -
n o.3js for bank, and auc. Eoulllal at :..3. for
private, and - 1ov bank.
Domestic Ehch.n9e continued unsettled and
quotation. We're lowe, but nominal. The only
.Dle Of New lo-A sight reported was 10000 at |.
!. cent discount.
TIC banks ~ .ie,! ~ New York ,orninlliy a
+. u cent premium, and commercial. sight was
quoted norliI,. AZ y cen, discount "a par.
IN Stool, ~ noticed sale Of 10 .!iaycs .! The
Mutual National Bank y Is.
The sales OF Bonds included 5000 'ity Gold
Bearing Seven Per GEMS a. W. .2U0v II i2f
and :l'00 .5tni and s 1900 at IL.
'ity Scrip continued nominal az tia Is for CITY
Appropriation Certificates. Metrop ,ltan Police
Warrants and lime Certificates OF 1873. The
only .ale reported was $1,000 Time Certificates at
AZ.
Old STATE Warrants entirely ioninai. While
noN Gu ;ol at 40. n. eale. Ok elthcs
were reported.