New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-05-29
Monetary--Commercial.
MONETARY.
NEW ORLEANS CLEARING HOUSE.


We notice that petition has been fled in the
Superior District Court praying for an lnlunclloh
restraining the citys paying from Tue IunuS aPpio
priated to meet the monthly pay rons Vi Ino sa,t
Gus departments any claims or demands, except
in accordance with the dates OF the ordlhances
providing for said pay rolls, and without privilege
or preference whatsoever.
We also hear that the Supreme Court has dis
solved the injunction restraining the stare from
paying the interest on the 2 cent state ievee
bonds, issued under act No. 81 OF lo'uI 10 oeiray
the expenses of building levees. d..
In the present unsettled and anomalous s1ate oI
the security market small sales are oi,en naae az
transactions of any magnituda. In the former,
moreover there is often a wide range between the
tgures realized when sales are forced and those
obtained for the same lots when subsequently re-
sold, and the former are often suppressed even Dy
brokers mo on principle and fOr me pubic III
formation and benefit regularly report all transac
tons which they are at liberty to give to the press
Gold continued dull, opening at lZa0!Z1,
against ll2s at New York and after limited oasi
rate in that market, where it tOucked li2 during
the Interim. The only sales reported were $4,000
at 1925, $4,000 at at ll2h and S'ooo and s0ooo a.
No sales of silver were reported. American half
dollars were still quoted at loo's 0IV. o. ana MeAF
can dollars at li2Ull3.
Sterling exchange was in moderate request,
with light offerings and without gnetabe yaris.
tom The e. sa,ss we're a So ~ c DO at IS
s25OO do and &l7Oo Al clear at 30 40 and 3loVo
do at SIS 461s.
Francs
vious rates. The only sale reported was 100000
commercial at 46O.
At the close sterling bills were still quoted at
IS a5h as 46Is for bill of lading snd Al clear,
and SIS 49, for bank. and francs at 60 for
pr vate and 456 04.55 for bank
The offerings of domestic exchange were rather
limited and with moderate demand CONNER
cial closed q shade higher than yesterday. The
sales of New York sight covered $ljo,O0O, EN-.
bracing $4,000 commercial at \ y cent premium;
SIS 900 and 6 Is 900 do and $50 90 private bank
ers at 9 81 and $50. 900 bank at IL ga i.
The banks continued to check on New York at =
y cent premium and commercial sight was quoted
at 5 l6, against 05-l6 yesterday
In stocks we noticed sales of shares Orleans
railroad at &45; IS Hlbernia Bank at S3l, and 5
Canal Bank at a84 50.
The sales of bonds included 1000 United States
fve.twertes of 1867 at l2la; $1,000 new city seven
per cents at So and $1,000 city gold bearing seven
per cents at s2a, which was about the closing
rate. Yesterday, not before reported, $4,000 city
gold bearing seven per ants sold at So.
We notice no speculative movement in city scrip,
the demand being apparently confined TO small
lots for the payment of city back taxes.
CITY appropriation certificates and Metropolitan
Police warrants are still quoted at 6ld62. and
time certificates of 1873 at 60d6I.
The only sale of State warrants reported was
$4,000 large at A. They are still quoted at 4l042
for large, 1914 for medium and 4S05o for small.