The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-30

The increased demand for money at the
banks, which has been noticed during the
week, appeared to be generally sustained to-
day. The movement is probably stimulated
by the generally favorable reports from the
interior with regard to the condition of the
growing crop The prospect OF more active
and steadily improving business seems to be
encouraging. In support of this view, we
call attention to the above statement of the
associated banks, which shows an increase in
loans of $21O, 900 over last week.
Stocks have been dull and inanimate
throughout the week. The demand is light
and in most cases holders are not disposed to
invite transactions by reducing rates, which
are generally without material variation.
New State Consols are dull. Few trans
actions are reported, and the quotations are
lower than last week, closing, however, to-day
with no falling off from yesterdays rates. A
report which was in circulation some days
since that the State Treasurer proposed pay
ing the July interest on the new State Con-
solidated Bonds is officially contradicted,
but we learn that the interest will be
promptly paid at maturity. as the interest
fund IN the Treasury is more than sufficient
to meet the coupons on the bonds thus far
issued.
We are also informed that the amount is
sued up to. this time is 50, SIS, 900, comprising
465 bonds of the denomination of 500, lis
bonds of the denomination of $500, and
3465 bonds of the denomination of $1,000.
With respect to City Bonds, most issues
con tinue dull and declining, some of the lat
ter being reported lower than ever before.
| Metropolitan State Warrants are also lower
than yesterday, and close at rates about the
same as last week.
Other securities are generally unchanged.
| We learn that the case of the Carroliton
Railroad vs. the First National Bank, is fixed
for the Sd of June.
Various rumors were in circulation upon
the street that the excitement in the New
York Stock Exchange. reported by telegraph
Yesterday, had revived this morning, and had
somewhat affected the Chicago Stock market.
We were unable however, to trace these
rumors to an authoritative source.
Gold opened at 116@116a. against 116} at
New York, and after limited business
closed at 1169116k, against 1f6S in that mar
ket. The sales summed up 9,000 embrace
ing $4,000 at 116. $4,000 and $1,000 at 1l6B,
$40. 900 at 116b@1l64. and $4,000 and $1,000
at 1l64.
No sales of Silver were reported. American
half dollars were still quoted at 1OS9lO9,
and Mexican dollars at 96@963, gold.
The only variation in Foreign Exchange
was slight decline in commercial Sterling.
The sales of Sterling were confined to e1O,-
600. comprising 9250O Al clear at 5. 625, 94OOC
do at =. and e35OO and e8OO do at S. 63.
The only transaction reported In francs was
25. 900 commercial at 4.474.
AZ the close Sterling bills were quoted at
S 62O5. 63 for bill of lading and AL clear
4 and lob 66 for bank, and francs at 448aG
447a for commercial, and 4. 459@for bank
The offerings of New York sight were quite
limited, the demand being good, and rates
were unchanged. The sales we're confined tt
500, 900 commercial at 9-32 9 cent premium
i $40. 900 twelve days sight on New York a
par, and 5000 commercial on Providence
ats.
The banks continue to check on New York
at ~ cent premium, and commercial sigh
was still quoted at 5-l6.
Stocks continue dull The only transac
tons reported were 10 shares Calcasieu Sui
phur Mining Co. at Sc, and 20 Carrolltol
railroad at $84 SO.
CITY Bonds continue to decline. The salel
! included $4,000 Gold Bearing Seven Per Cent
! at 81, $4,000 do at sls. and $4,000 7-3o I'm
movements at %. The market closed to
All for Gold Bearing Seven Per Gents, ant
! 296}3O for New Currency Seven Per Gents.
me OILY sales of State Bonds reported wer
$4,000 e IS and $4,000 at ssh. They wer
Quoted at the close at -@55.
In Citv Scrip we noticed sales Of $4,000 o
! 1874 at 3S63S5; the market closed ittl
steadier with quotations at about 49, GAO.
Metropolitan Police Warrants were less il
demand. and were quoted 5(96 points lowe
than Yesterday. No sales were reported.
Nothing transpired in State Warrants. Wal
rants Of 1874 were quoted at 4@2, 1877
and previous years. fundable, at S7@3s, dc
not fandable, at 800 Legislative Per der
at 97@98.
JOHN BOTS,