The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-29
MONETARY.
NEW ORLEANS BULLETIN OFFICE, I
THURSDAY EVENING, May %. 1874.
NEW ORLEANS CLEARING HOUSE.

The Money IT arket continues nanimate The offer
ings h both in bank ard on the street and t'
rates Of commercial paper without any uotabl'
variation We continue to quote selected signatures
with without col aterals at u CEN per annum fir I
sent per month. Iirst-cass mortgages rule at 10 y
cent per annum, while nothing Is reported second
grade.
We notice that a petition has been filed in the
Superior Distret Court, praying for an injunction
restraining the city 3 paying, from tbs funds appro
prsted to meet the monthly pay roll CT the various
departments, any claims or demands, except in ac
cordsbce with the da Of the ordinances providing
for said pay rolls and without privilege or preference
WhatsOever.
We also hear that the Supreme Court has issolyed
NE injunction restraining the State from paying the
interest or the Eight Per Cent State Levee Bonds.
sued under act 80 Of 1873 to defay the expenses OF
In the present unsettled and ansmoous state of the
Security market small sales often made at irregu-
lar prices and lower than the railing rates In transac
ttons of any magnitude. In the former moreover,
there 10 often wide range between figures realized
whea tslea sre forced and those obtained for the
ne often suppressed even by br kers who on prnci-
pie and for the public information and benefit, regn
iy report all transact ons which they at liberty
Gold continued dull, opening at 1l2A@l12a
against ll2A 1t New York ard after limited bust
NESS closing At 1l2S @1l27 against the opening rate
in that arket, when it touched I127s during the in
aeTim. The only sales reported 5000 at l12h,
5000 At ll2a, and 5000 and 5000 at 1927.
No sales o. Silver were reported American half dol
lAzs still quoted At 1861 @l07 and Mexican dol
asas il2@Il3.
Sterling Exchange was in moderate request with
hight offerings and without quOtable variation The
Gales were confined to EOS o. embracing $4,000 bill Of
lsding at As; fS0O do at 6.455s; f26OO do and
fi7O0 Al clear at SAC. and flSoO do at 6461a.
Francs were scarce and in fair request at previous
rates. The only sale reported 1000 commercial
Ut l6O.
AZ the close Sterling bills were still quoted at 545L
@546k for bill Of ladng and Al clear, and $500
for bank, and francs at $50 for private, and 456l4
as for bank.
The offerings of Domestic Exchange were rather
limited, and, with moderate demand, commercial
closed shade higher than yesterday. The sales of
New York sight covered $l30.00O embracing $4,000
commercial at q y cent premium, $l5. on and $4,000
do. and $4,000 private bankers at 932, and $50
bank ct 11-32@3s.
emit premium. and commercial sight ia still quoted at
S-10 against 4@5lG yesterday.
In stocks we no iced sales of shares Orleans Rail- |
road at $45 IS Hiberna Bank at $S1; and Canal |
Bank Ut $s4 80.
The sales OF Bonds inclu ed $1,000 United States g.
2Gs Of 1857 at l.2lA, $500 city " cents
Co. and $4,000 city Gold bearing u cents at 5234,
which about the closing rate. Yesterday not be-
fore repo ted, $4,000 city Gold bearing q cents
sold 1t &c.
We notice speculative movement in City Scrip
the demand being apparent confined to small lots
for the payment OF city back taxes.
City Appropriation Certificates and Metropolitan Po-
lice Warrants still quoted at 6l62, and Time Ger
tincates Of 1873 at GO96l.
The only sale reported in State Warrants was $4,000
h. &c at Ill they still quoted at 41@42 for large
1894 for medium, and 4S@5O for small.
[By Telegraph
New YORK. May %, Evening-6's of 1881, 1217x;
ZOOS OF 1862 1857; 64's 1l7: 65s 49,; new 12Ot
us 1OS 6S's l201a; new SIS 1l5H lO-4Os ll4zs.