The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-08
MONETARY.
NEW ORLEaNS BULLETIN OFFICE,
THURSDAY EVENING, May 7, 1874.
NEW ORLEANS CLEANING HOUSE.

We have change to notice in the Money market
The offerings both in bank ard the stree light
and transactions reported in commercial paper
that indicate any yarat on in rates. The supply Of
capital seeking investment is ample, but lenders
will not accept but rstclass paper aud reject all
but unexceptional secu tiles. The market is still
quoted at 9@l0 cent per annum fir t-class paper
with without collaterals ll0pi2 for Al, and 11l
per month for second grad. Firstclass mortgages
continue to rue at about 10 u cent. per anuum
Nothing is r. ported in second grade.
Gold opened at 1121a@1l2, against 1927 at New
York, and after a moderate business closed at 112@
ll2i4. against l121a at New York The sales summed
up $5O0Oo embracing $4,000 and S4r0 at 11l34 800,
at 1i2%.
No sales of Silver were reported. American half
dollars were still quoted at l0761 and Mexican
dollars at ll0@ll1.
Sterling Exchange without quotab,e variation
at the opening, but der the Influence of advance
in gold and steady bill market at New York. closed
at 2-l0 q cent higher the outside rate
cial and ITO for bank. The safes amounted to s3I
SOC, embracing $500 bill of laiing at 40 fOO do at
5405, ESQ do at .401s@5.41, f2000 and $4,000 Al
clear Al, $1,000 bill of ladng and fl00O AL clear at
$40. ESQ bill OF lading at 42ls, $4,000 do at
5.43h.
Francs opened at previous rates but owing to their
being in light supply and good demand. well 10
the advance in gold at New York commercial closed
at material advance. The tnls sales reported were
10000 commercial at 65, and Az. 900 0 at 4632t.
At the close Sterling bills quoted at 54l@
543 for bill of lading and AL clear. and SAG atd54-s
for bank and francs at 633. for private, and COG
4.5S4 for bank.
Domestic Exchange opened shade lower for
sSut, oab cfoseu previous Inc OHer-
fngs were fair aud while the demand limited the
sales were of mo- terats extent New York sight
covering Si250OO. embracing $780, commercial at "a
cent. discount $1,000 private bankers, at 1872,
OoO bank at $50, $4,000 and $4,000 do at 1872 and
$4,000 and 5000 do at u.
The banks continne to check New York at par
and commercial sight closed At 7x@4 q cent.
discount.
In Stocks We noticed s'me inquiry for Insurance
shares bat no sales OF any class were reported
City Gold Bearing Seven Per Cents re still weak
or. closing At s.. The sales included IS 90. $4,000
and $4,000 at So No ether transactions in Bonds
were reported. Until some outside daman springs
up, it is apprehended that there Will re but little
done, uni SO in some irregular speculative move.
ment. Capitalist, dsin clned to invest in any
csss Of securities with tendency tc the marked
duo tuaon which have characterized many in the lis
The principal movement in City Scrip for the pay
ment Of taxes.
City Appropriation Certificates were lower. being
quoted at the CT o. at about 6l@61H The sales in
cluded 5000 at 81. $1,000 at ~ an 1 SO at 81.
No sales OF Metropolitan Police Warrants we're
ported. They were also quoted about 6l@6lK.
We noticed an apparen ly speculative movement in
State Warrants under which the market slightly i'm
proved being quoted at the close at 4@43 for large
44@40 for medium. and 4765o for small The sales
Included e4ooo large At AK, aud $su0v do ct 49,