The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-18
MONETARY.
OFFICE NEW ORLEANS BULLETIN, l
Thursday Evening, June II, 1875.
NEW ORLEANS CLEARINGHOUSE.

The market was comparatively quiet to-day,
with less pronounced demand for Money at
the Sanks, although the offerings on the street
were comparatively fair, and we noticed a
slight hardening in the rates Of commercial
paper. We have no change to notice in
Stocks, which continued inanimate, not q
single transaction having been reported
New State Consois showed Q somewhat bet
ter feeling, and, as will appear from the re.
ported sales published below, exhibited a
slight advance upon yesterdays quotations.
City Gold Bearing Seven Per Gents closed at
decline, generally attributed to the service
Of an injunction upon the city authorities
prohibiting the execution of the ordinance
authorizing the lease of the wharves. As the
measure contemplated the assumption by the
lessee of only some $S00000 Of city indebted
ness, the fact of its being epjoined does not
seem calculated in itself to materially affect
the market value of the Bonds. The depres-
sion is, perhaps, further accounted for by the
fact that these sureties are at present extreme
~ sensitive with regard to everything per-
tanning to city affairs.
The details concerning the service Of the
Injunction and the bids made for the lease,
will be found in the account of the proceed
ings of the City Council, published in another
column.
The prospects of the Premium Bonded
Fund Scheme continue favorable. The Eu-
ropean bondholders have not yet been heard
from, but the subscriptions OF bonds SO far
amount to about 81, SOC. 600, and the friends
and advocates of the measure are disposed to
regard its success as virtually established.
We continue to quote first class sixty days
paper and collateral loans at 500 p cent per
at 15018. First class mortgages still rule at
Q010 10 cant mar anpnm whi1a Socnnd orada
are entirely nominal.
Gold opened at l165@1Es, against 117s at
New York, and after limited business
closed at the opening rates in both markets.
The sales summed up $4,000 at 116EE, $1,000,
$4,000 and $4,000 at III, and $1,000 and $4,000
at 1l7B.
No sales of Silver were reported. American
half dollars were still quoted at 1881 91O9a,
and Mexican dollars at -(996, gold.
Owing to the advance in gold at New York,
Sterling was about Ito 79 cent higher. The
movement was limited. The sales were
confined to gl7,OOO, comprising $4,000 AL
do at s. 68a(65.69, and $1,000 AL clear at 5. g.
Francs were also little higher forcommer-
cial The sales comprised 270. 900 CONNER
cial, embracing GO, 600 and 10000 at =, and
60, 900 at 443a.
At the close sterling bills were quoted at
5.6SM5. So for commercial, and 571@- for
bank, and francs at 4 43a for commercial, and
40 for bank.
Nothing transpired in New York sight
worthy Of notice. The offerings continued
limited, the demand moderate, and rates were
unchanged.
The banks continued to check on New
York at { u cent premium, and commercial
sight was still quoted at -@5-16.
No sales of Stocks were reported.
The principal feature in City Bonds was
decline Of about u cent in Gold Bearing
Seven Per Gents, attributed by some authori-
ties to the Injunction restraining the city
from leas ing the wharves, while others referred
it to less liberal demand. The sales in
cluded 5000 and $4,000 City Gold Bearing
Seven Per Gents at 36i, $4,000 at 36a, and
$4,000 New Seven Per Cents at 351.
New State Consolidated Seven Per Cents
were stronger and in better request. The
sales comprised $1,000 and 5000 at Ssh,
SIC. 900 at $50 and $1,000 at Ssh.
Nothing transpired in 1874 City Scrip. It
vas still quoted at 5000.
No sales of Metropolitan Police Warrants
were reported. They were still quoted nomi-
nal
State Warrants are apparently without
movement. Warrants of 1874 were still
quoted at 4O642; 1873 and previous years,
fundable, at 36@37, and do not fundable at
OQ0