The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-15
MONETARY.
NEW ORLEANS BULLETIN OFFICE,
THURsDAY EVENING May IA, 1874.
NEW ORLEANS CLEANING HOUSE.

Nothing has transpired in the NJ nney market tina
indicates any change. The demand for discounts
tnues limited, both in bank and on the street.
the few transactions reported in commercial paper
at previous rates. We continue to quote selected
signatures. with without col ateras, at p cent
per annum; first class at 1910; AL, at 11@l2
and second grade at 1@1a per month. First class
mortgages continue to rule at 10 y cent per annum,
but nothing is reported in second grade.
Gold opened at l1l7s@1l2h, against 1925 at Ner
York, and after limited business closed at 1l2G1121
&c higher than yesterday against 1921 that mar
ket where it touched liz during the Interim. The
sales summed up 200. embracing $1,000 at Ill &
$4,000 at lll4 $ll OOJ at l11s and $4,000 and sl2OO
at liz.
In Silver we noticed a sales of 90 American half
dollars at 1Os. The market is st quoted at lO7AlOs
for American half dollars, d HOG Ill for Me
dollars
Sterling Exchange op med at previous rates, but
under tue influence of the advance in New York sight,
closed stronger The advance in Gold in New York,
late in the day counterbalanced by the weakness
in bills. The movement was of liberal ex ent. The
sales compr sing f66, OOO embracing flO.O bill Of
lading at 542@543 f3500 do at f15OD and
$500 do at SAB, 5000 do and ESQ AL clear at A.
$4,000 AL clear at 544G5441s $500 and $4,000 bank
ass. "'''' - 81 anu "z'00 co. az 'n' '0a0'efe
F,aacs wsrs quot d e m at evous rates at the
opening and stiff at The close. The demand fair,
the supply limited and no sales were reported.
At the lose Sterling bills were quoted at 5421sa
544 for bill Of lading and AL clear and 47@- for
bank. and francs at 4.63si@4 621s tor pr v4te and
The offerings of Domestic Exchange continued
moderate. while the dem md was more liberal and
DOH commercial ana Dank ruled at IL cent higher.
The sales OF New York sight covered S138, 600,
bracing $4,000 and $4,000 commercial at a p cent.
discount. $4,000 do. at !. and So 900 private ban
ers' and $4,000 bank at 1872 u cent. premium We
also not ced sale of $500 c)mme-ca Providence
at V p cent. discount.
The banks checked on W York at 4 p cent pre-
midm and commercial sight quoted par O.
premium INST par for the former vest rday, and u
y cent. @par for the latter.
We noticed more movement in Stocks; the sales in
Guiding Is shares Lamm- Freess Engne Co. at SIS 0;
10 Bank of Lafayette, 40 Bank of America and hmm Mu
tual Nationel Bank al -.
Subsequentlt the sale of Me chant Mutual Insur-
ance Company reported yes erday 80 shares sold
at S67 y.
The sales of Bonds included $4,000 City Gold Bearing
Seven Per Cents at 3d. at which rate they clio ed
and in demand. City Ten Per Cents ofe ed at
50 and there some inquiry tor Old City Seven Per
Cents, ut no sales of either were reported.
We learn that number of holders of City Bonds,
Jackson Ra lroad issues, representing large amount
in the aggregate, to pit the proposed
tensions at tie rate of inte rest with the
pODs attached, the latter ready, but
unwilling to make the exchange for gold bond. at
par Notwithstanding that the latter bear add
tional U cent interest payable in gold. At the pres
ent rate of gold this the city ly p cent
interest.
The only sale Of City Appropriation Certificates
reported aas $1,000 at 81 they quoted at ola
81, according to size.
Nothing reported in Metropolitan Police War
rants.
State Warrants nominal at the previous rates
of 45@46 for lar 47@48 tor medium and 50d55 for
small. We heard of no sales of any moment.