The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-25
MONETARY.
OFFICE NEW ORLEANS BULLETIN, |
Tuesday Evening, Nov. "a. 1871
,vv,v <,prvava cYHARrN0. HOUsl.

We have no change to notice in the Money
market. The offerings continue ct moderate e 4
tent at the banks and on the street, and ths
few nsactions reported IN commercial paper
are at previous rates. We continue &c
quote good commercial names, with OF
without coilatcrals, at 90l2fs cent per month,
and good second grade at l5g1S, with occasional
transactions at " cent y annum. Flrst-class
mortgage continue to ruie at 101ll u cent e
annurn, while second grade is still quoted at
ket the telegraph lines being down after that
time.
The correspondence between the Mayor and
the Fiscal Agent, resulting IN the latters iender
ing his resignation, excited deep feeling In HAL
ciai circles. II seemed to be the general coiciu-
SION that tho city would be compelled to suspend
the payment OF the December coupons OF us
bonds, but i, was regarded by many, whose oplii-
ions arc entitled to great weight that the sus-
pens on if it actually occurs, VIII be only tempo
rary, and that the new Council may be relied on
for prompt measures to restore the city credit.
1t is deeply 10 be regretted, under al me CIR
cumstances, that arrangements could not nave
been made to efectualy guard against suspen-
sion ii the present - onIent.
Gold opened at 1l1@11Ii, against 1l18 at New
York, and, after moderate business. closed at
1l1IIl11l{ against 1ii4 in that market. The
sales summed up $4,000, embracing coo at
I'LL sl4,C0o at l1i2ml11b, and $1,000, $4,000,
5000 and so, 600 at 1!ls.
No sales of Silver reported. American
half dollars are now quoted at 107dWi03, and
Mexican dollars now rue at 97l gold.
Under the influence OF the advance in Gold at
New York, sterling opened about 2-10 u cent
higher, and gold having advanced, with better
bill market IN Wall street, closed at a net I'M
provement Of fully 40 u cent. The movement
was of liberal extent, amounting to f55 $40, COM
prising f1200 Al clear at 5.35, $1,000 Al clear at
535t, &c 100 bill Of ladiDg and 5000 and 600 Al
clear at $50, f700O bill Of ladlng at 536g5.36t,
flOOO f2500 and $4,000 do and f25OO AL clear at
1854, go, 900 bill of ladng and AL clear at $3.50
ASST, and $4,000 bank, for gold, at So.
Francs were also materially higher. The sales
comprised $4,000 commercial, embracing 1900,
$4,000, 100000, 10000, 100000, and 100000. at
At the close sterling bills were quoted at $500
81 for bill of adng and AL clear, and 5.3915. Az
for bank, and francs at 4.67l for commercial, and
4.633 for bank.
OF fair extent and, with good demand, com
mercial closed q shade higher. The sales OF
New York sight covered 1902, 900, embracing 49,
900 and $4,000 commercial at ZIG u cent dis
count, 81, 900, $4,000 and $4,000 commercial,
at 1882, and SO 900 commercial and $4,000 pri-
vste bankers at (. We also noticed a sale OF
$40 900 commercial on Boston, Philadelphia and
st. Louis at " cent discount.
The banks continued to check on New York at
/ ~ cent discount, while commercial Was quoted
at T. 1901, against z lj@- yesterday.
No sales of Stocks were reported.
Cit, Gold Bearing Seven Per Cents opened at
about yesterdays closing rates, Dut closed NOM
nal AMI unsettled at 37t, with downward tend
ency, owing to the resignation of the city's lis
cal Agent, noted above. The sales included
$4,000 at 37a, $1,000 at 80, and $1,000, 5000 and
5000 at 39s.
No sales Of City Scrip were reported. City APP
preparation Certitic ties, Metropolitan Police War
rants and Time Certificates OF 1873 were still
quoted at 41Gt43.
Nothing worthy of notice was reported in State
Warrants. Old are now quoted nominal at 100,
and new at 41D43.