The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1875-12-28


The above statement, 1t will be oh
served, shows further increase i'm cur
rency and decrease in loans, deposits
and specie.
The money market to-day was gener-
ally quiet. At the banks u fair demand
for money was reported, and business
opened favOrably, but on the street
there was no movement of consequence.
Gold and foreign exchange were lower
and New York sight i'm demand at pre-
vious rates. New State consols were
quiet and city bonds and other securi-
ties were generally stagnant.
The Canal Bank to-day declared u
scmi-annual dividend Of four per cent
payable on and after the list prox.
The New Orleans Insurance Associa-
ton elected the following Board of Di-
rectors A. J. Gomila, J. X. Small, j. b.
Camors. T.. +. Golsan, J. Plaisent, Hen
ny Abraham, Pierre Lanaux, l.. j. Web
sicr, Il. M. Scott, Louis Schneider, John
Leisy, M. Musson.
The following were elected directors
OF the New Orleans Insurance Com-
pany: Earnest Morrill,, PIacide For
stall. II. Gally. Charles Lafitte, w. Van
Bcnthuyscn, A. M. Bickham, A. Schrei-
Der. jules Toycs, W. A. Bell, ID. Fatjo,
u. ID. Rogers, Pierre Poutz.
VIC CVutiuue W queue eNceptlOnal pa
per at 40 per cent per annum dis
count; Al do. at IOa ii, and second
grade at 15a1S. First class mortgages
still rule at ga ~ per cent per annllm !;
second grade continues entirely nomi-
nal.
Gold opened at 1923 a 1923, against
1929 ut New York, and after u moderate
business closed at 1924 u 1922 De lower
than on last Friday against the open
ing rate in that market, where It touched
l12s during the interim. The sales
summed up 1927, 800, embracing $40, 900
ut 1871, $4,000 at 112!, $4,000 at 1l2s,
5000 at 1923 a 1927, and $1,000 and $500
at 1929.
No sales of silver were repor,ed
American half dollars were still quoted
at 1O8stG1O9l, and Mexican dollars at 95,
gold.
Under the decline in gold at New
York, sterling was quoted at JM1ac,
equal to 2-1OM3-1O per cent, lower. and
francs fully per cent. The movement
in both was moderate. The sales of the
former comprised g17,8OO, embracing
e1OOO Al clear ut $40, G3OOO bill of lading
at 540A G40OO do. at 54O(n541, G1OOO do.
and E25OO Al clear at SAL, CISCO bank at
545, and CISCO do, for gold, at 1856.
The sales OF francs amounted to 42O,-
600 commercial, comprising $4,000 at
40, 5000 at 4.67k, 300, 600 at 4.6Gia4 .C5,
and 10000 at 4.65.
At the close sterling bills were quoted
at 5f0A 5i1a for bill of lading and Al
clear, and nominal for bank. and francs
at 4.66la4.G5 for commercial, and nomi-
nal for bank.
The offerings OF New York sight were
OF liberal extent and met fair demand
at previous rates. The sales comprised
$249, 900, embracing $4OOOand 5000 com
mercial at ] per cent discount; 500, 900.
$4,000 and $780, private bankers and
S25, 600 bank at 7-16, and 5000 CONNER
cial at 1882. We also notice a sale of
$4,000 commercial on Providence at
The banks continued to check on New
York at ! per cent discount, and com
mercial sight was still quoted at TIC.
No sales OF stocks were reported. For
dividend see remarks above
City bonds were quiet and no sales
were reported.
The only transactions reported in
new State consOls was 5000 at 56. They
closed at about IS.
No sales OF city scrip were reported.
1t was still quoted at As a As! for August
to December, 1873 time, and july to
December. 1874, and at so a SO for time
and part of May, 1874.
Nothing TRANSFERRED in METROPOLITAN
Police warrants; they continued to rule
at sc a So for 1894 issues and rs a 50 for
1923, and were still quoted entirely
nominal for 1912 and 1869.
State warrants continue without anv
movement; fundabIe were
still quoted at Al AZ, not fundabIe at
- ~, and 1874 issues at 40 q As.