The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-07
MONETARY.


As noticed in our previous reports, there
has been some improvement during the week
past in the demand for Money, both from the
banks and on the street. The offerings at
the former appear to consist mostly of bust
ness paper; but on the street, although there
is still some inquiry for loans on collaterals
or to the usual borrowers, large part of the
demand is for the accommodation of the
planting interest. With this increased move
ment we notice slight hardening in the
rates, but thus far without any quotable ad-
vance.
Gold has shown more steadiness, but ex-
hibited, nevertheless, some fuctuation, being
generally controlled by variations at New
from Texas, the supply exceeds the demand
The offerings of Foreign Exchange have
been light and the movement restricted &C.
cordingly.
In New York sight we notice only limited
counter demand, which in most cases the
banks cover by shipments of currency.
Stocks have been in better request and the
sales indicate slight advance upon previous
quotations.
Little or nothing has been done in City
Bonds. There is only a limited demand at
present for these securities, and holders seem
reluctant to sell at ruling rates.
New State Consols have shown but little
movem ent and are somewhat irregular to-day
closing about one point lower than on last
Friday.
We continue to quote frst-class CONNER
cial paper and collateral loans at sac 9s cent
per annum discount, AL do at 1O@12, and
second grade at 15@l8. First-class mortgages
rule at 500 fP cent per annum, while second
grade are entirely nominal
Gold opened at l13B@l131, against 1874 at
New York, and, after limited business.
closed at 113f@l132. against 1l3i in that
market The sales were confined to $4,000,
embracing $1,000 at 113. $4,000 at 113B, $1,000
at l13a, and $4,000 at ll35.
No sales of Silver were reported. Owing to
the advance in gold at New York, American
half dollars are now quoted at 105@1e6,
against lO4a91O59 yesterday, while Mexican
dollars continue to rule at 94@949, gold.
Under the advance in gold at New York,
sterling showed an improvement at the close
of nearly $40 p cent. and francs about the
same.
The sales Of sterling were confined to
e72OO, comprising $1,000 bill of lading and
$4,000 AL clear at $50. el200 bill of lading
and $1,000 AL clear at 81, and $4,000 bank
at 555.
Nothing was reported in francs.
At the close sterling bills were quoted
at 5.5o@5 81 for bill of lading and AL clear,
and -05 IS for bank, and francs at 4. 60 for
commercial. and 66i@4.50 for bank.
New York sight continues in limited supply
and moderate demand, with no change in
rates. The only sales reported were SIS
private bankers at 932 % cent premium,
and $40 600 bank at 5-l6.
The banks continue to check on New York
at { u cent premium, and commercial sight
is still quoted at -@5 16.
The only sales Of Stocks reported were 8
shares Factors and Traders Insurance Com
pany at sS4 so, and 10 old New Orleans Gas
Light Company at S125
City Eonds continue dull, weak and nomi-
nal.
New State Consolidated Seven Per Gents
were in better request, but rates were irregu-
lar. However, the market may be quoted at
the close at about 52@524. The sales summed
up $35 900. comprising $1,000 at 51t. $1,000
and $4,000 at so, $4,000 at 52t, and $1,000 at
524.
No sales of Metropolitan Police Warrants
were reported. They are still quoted at IS
96S.