The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-10-20
MONETARY.


Monday Evening, Oct. 10, 1874.
NEW ORLEANS OLEAHiSa-HoUsE.
" Clearings. balances
October II. u iof.23o 50 '1l5's -. :
October - .......... 1865. TAG 80 l55,lN z
Tins far this week ..... 2,42o,2s2 So 374,565 8
Same time lat week. 2,203,3li ~ 6Z6 VIZ
Total last week. 6,636,oo6 ~ l,!l3,ooo l
Total week before. 49,. 5,75z,76 10 7o?,l48 q
The Money market continues quiet. The de
mand for DISCOUNTS at the banks Is OF fair extent
and all good business paper is readily accepted
The Otft.rinff, on the street are rather limited
Nearly all good shor' paper being eaiy done a
the banks but little i. left with tirst-class sigma
tur or unexcepflonabe conaters iof nesoaa,
ton, while large paper Of this description, and
other grades are neglected. Nothing ha.
transpred that indicates any change IN
rates. We continue to quote: lOgl2 t.
cent per annum for first-class with coateras, and
l2018 for Al, while second grade and coca
sionally good quoted at u cent per month.
We notice scarcely any movement il mortgage
which still quoted at lo0u u cent per
annum for frst-c!ass. and - for second grade
The Gold market is unchanged. both II this
market and at New York, continuing to rule here
at l09EMl09s, against 10 in that market. To
days business of but moderate extent,
comprising only s25, 900, embracing $1,000 at lO33,
$1,000 and sl4, 900 at l09B, and $4,000 at l09s.
Silveri is without any apparent movement ex-
cepting small too trih ng for special notice.
The market may be quoted nominal at l05:9
ltGt for American half dollars, and 9G3 sold for
Mexican dollars.
Under the in auence of steady bill market at
New York and an Improvement IN Domestic Ex-
change here sterling ruled and closed about Ito
y cent higher. The movement was Of fair ex.
tent, amounting to f53 800 comprising fl500 bill
of ladng at 5.274, $4,000 bill OF lading and Al
clear and 900 Al clear at 5.2S. fl2000 bill OF
lading al 5 2sll5 2St and f2i GOO do and Al clear
and f2O0O AL clear at 2Ss.
Francs were also a shade higher, but no sales
were reported.
Nothing transpired in German marks.
At the close Sterling bills were quoted at u
@5.1Si for bill of lading and Al clear, and a
532 for bank, and francs at 4.76tGi.75 for
commercial and - for bank. German marks
were quoted at lO30l03.
The offerings of Domestic Exchange were Of
moderate extent and with fair demand, COM
mercial a shade higher. The sales of New
York sight covered $4,000. embracing $1,000
and So, coo commercial at y cent di count, and
SEQ 900 ditto, and $40, 600 private bankers at 1892
The banks continue to check on New York at
par, while commercial sight was quoted at IA
1-l6 b cent discount, against on Saturday.
There Is scarcely any movement In Securities, |
the lew transactions contaminated being mostly |
forced sales on pledges or otherwise at low and
very irregular prices, giving no real basis for
quotations.
In Stocks we noticed sale of % shares New
Orleans City Railroad Co. at SAG o.
In Bonds We noticed sales Of $4,000 City Gold |
Bearing Seven Per Cents. early, at IS, and $4,000
and $4,000 later At "a. At the close 344 was offer
ed, but we heard OF no sales at this rate
The few transactions in City Scrip are in retail |
lots for the payment of back taxes. City Appro-
rats and Time Certificates Of 1873, were still
gu ted at 46ll47
No sales OF State Warrants were reported. Old |
were still quoted at 20G - and new at = 0l50.