The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-16
MONETARY.
NEW ORLEANS BULLETIN OFFICE,
FRIDAY EVENING, May Is, 1874.
Y ORLEANS CLEANING HOUSE.

The Money market continues very inanimate The
offerings OF approved business paper are readily &C.
copied at he ban ks but quite limited while very
little is done in the street. except in selected and frs,
class signatures, which are extremely Other
grades are entirely neglected Nothing has transpired
that indicates any quotable alton. The market is
still quoted at u cent per for selected paper
with or without collaerals 9nlO for first Glass; IDOL
for AL and l@1h cent per month for second grade.
We hear OF few transactions in first class mortgages
at 10 v cent per annum but nothing in second grade
Gold opened at 112G1l24 against 112% at New
York. and after advancing &c. under the influence of
the telegram quoting at 11z subsequently reced d.,
and closed at the opening rates in both markets The
$3S 900. embracing S13 OOo at 112 $500 at 1l2h,
f2OO and 5000 at ll24, and $4,000 at l124 P1l11a
Nothing transpred In Silver. The market is still
quoted at 7G10S or American half do. lars, and
11O@111 for MI xic' n doll rs.
Uncer the urse of gold at New York Sterling Ex-
change opened At previous rat e. rosa by noon 2-IO
cent or commercial an $40 for bank and tn sub
sequent decline in pol being lnteraced by an ad.
in bills, clio ed at i'm provement Ito for
the form r and 10 Tor the lattAr. he movement
quite limited being confined to cit 500 embrac-
ing f2500 bill CT aiing at 5.44 fl3,0aO do and AL
clear 544k@545 and $4,000 bank, at the counter at
54S.
Francs responded TO the fluctuations in Gold at New
York, opening at an Improvement but closing at pre-
vious rates. The market was inanimate with only a
moderate demand and limited supply. The only sale
reported was $4,000 CONNIE cal at 1929
At the lose Sterling bills we're quoted at $40
5.4ils for bill of lading and Al clear and $50 for
bark. and francs at 4633l@4 621s for pr v-te and
nominal or bank
The offerings OF Domestic Exchange light
and W til fair demand. commercial closed a shade
higher
The sales Of New York sight were confined to
f1UooOo- embracing 900 priv tie banfers at ,
5000, $4,000 aud 50 900 commercial and $40 900
private bankers at Lie O cent. premium and s25 900
bank at 3-32
The banks continue 20 check on N Nv rk at y a
cent premi IN and C numerical sight was quoted
~ Lie pr MUM. against par at thu Close
In Stocks W. heard of sales of Mechanics ana
Traders aud Hiberna Bank. Commercial Sun and
Merchants Insu ance Companies st. Charles Street
Ralr al and Sugar Shed Company all the part cnIar.
of which re withheld. We re ret that we are m.
able. tn all diligence, to obtain more explicit
Information.
We noticed more movement in City Gold Bear n .
Seven Per Cent Bonds; the sales Of which i,cuded
$1,000. 5000 $1,000 and $4,000 at 53t! the market
closed about 53@5Sk. sale was sl-o reported of
Old CITY Six Per Cent. Consolidated Bonds, but the
part Gu ars were wi hheld
We learn hat the coupons the City Bonds
Jackson Railroad will be ready the holders
in alb ut two ks, and that the Admins 'rator is
Bearing Seven Per Cents for those who prefer them
about equal 10 those who willing to accept the
exchange for Gold Bonds. Thus far We hear of only
one case of legal Proceeding being instituted by bond
holders.
In City Appropriation Certificates We noticed sale
OF $2i~ At 5l4 They were still quoted ct 6@62
according to re.
Nothing was reported In Metropolitan Police War