The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-07

activity in Foreign and Domestic Exchange,
full and reliable particulars Of which will be
| found in the details below.
| In Stocks and Securities the situation ex-
hibits some signs of improvement. The tim
idity, which has heretofore been character
istic feature, seems to be giving way to a
growing disposition to invest This is evil
denced by an increased inquiry for Securities,
and slight general advance in bank, railroad
and insurance shares.
There appears to be considerable differ
ence Of opinion with regard to the cause Of
the recent fuctu atoms in New State Con-
after the adoption Of the compromise there
| was evidently more inquiry from capitalists
for State Securities, and the consolidated
bonds apparently Offering a fair field for
investment, the demand for them improved
At the same time holders of fundable war
rants and old State bonds came forward more
freely to fund them in these new consols
and with an increase in both supply and de-
| mand, the market assumed an upward tend
ency, which was stimulated by spectators
until it rose to point which left SO fair q
profit that many holders preferred to unload
rather than await any further advance.
The market then took an unfavorable turn,
and is now variously quoted at 53053l and
So, against 60 at the highest point. Agree
ably to this theory. these fluctuations have
been produced by combination of control
ing elements, and cannot be entirely ascribed
| either to the Vaccinations Of ''ring,' or
their intrinsic value.
There is an earnest and almost universal
desire to see some practical step taken in re-
gard to the city debt. Little or no activity
is anticipated in this department until the
affairs OF the city assume Il more satisfactory
shape.
We continue to quote first class paper and
collateral loans for sixty days at sos per
cent. per annum, Al do. at 10112 and second
grade at 15NllS. First-class mortgages still
rule at ga, 10 per cent. per annum, while
second grade are entirely nominal.
Gold opened at 1l4s@1145. against ia at
New York, and after a moderate business,
closed at 1l43@1l5, against 1l44 in that
market The sales summed up $44,5O0. en-
bracing $4,000 at 1143, $1,000 and $4,000 at
11455, and $500, $4,000, $1,000 and $1,000 at
1l5.
Nosales Of Silver were reported. American
half dollars were still quoted at 1OSC1 1851,
! and Mexican dollars at 960g969c.
Owing to the improvement in Gold and
Foreign Exchange at New York, Sterling was
2.1O y cent higher, and francs !. The move.
ment in the former was of fair extent, amount
ing to e3S, 700, comprising $4,000 bill OF
lading at $50, $1,000 and el50O do at s. 54l
e4OOO and e6OOO AL clear at 5.55, e22, 900 DC
at 554lM,5 ISL, and e12OO bank at 5.57a.
The business in Francs was of fair extent.
The sales summed up 100000 commercial,
embracing 800, 900 at 4 So "a $50, 100 600 at
55s, 800, 900 at 4.55s, and SO, 600 at L. So
At the close Sterling bills were quoted at
| 5.54Gl 5.553 for bill of lading and Al clear,
and -05.5S for bank, and francs at 4. 81
for commercial, and L. so tor bank.
The offerings of Domestic Exchange were
Of fair extent, and rates were unchanged. The
sales of New York sight covered $500, 900,
embracing $4,000 commercial and private
bankers. S25,0OO S25, 900, $40, 900 and $780, 600
private bankers, and $15, 900 bank at SIG per
cent premium We also noticed sales of $50,
600 commercial on Borton at per cent pre-
MUM.
The banks continued to check on New York
at per cent premium, end commercial sight
was still quoted at SIG.
We noticed better investment demand for
nearly all bank, insurance and railroad shares
1T improved rates. The sales of Stocks in
cluded 80 shares Peoples Bank at SIG, IL
State National Bank at S67 SO, 20 do at
SCI 7j 80 90 at SOS. and - share New Or
leans City Railroad Company at -.
! New State Consolidated Seven Per Gents
were less active, andsunsettled, with con-
tinued downward tendency, the market open
ing at about s., and being quoted at the close
by some authorities at $50 531, and by others
at 5liM55. The sales and resales summed
up S34. 900, embracing $50, 900 at 53, $40, OOO
at 53I ASH. $4,000 at 81, $4,000 at 55, and
S34, 600 at SOL. We also noticed sales OF
$1,000 City Gold Bearing Seven Per Cents at
35s. $4,000 and $4,000 do at a55, and $4,000
City Ten Per Gents at 49,
Nothing TRANSFERRED in City Scrip.
| No sales Of Metropolitan Police Warrants
were reported They were quoted nominal
at 50@52.
! No sales of State Warrants were reported.
Old were still quoted at about IS, new at 80
a., and Legislative Per Diem at 97@-.