The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-28
MONETARY.
OFFICE NEW ORLEANS BULLETIN.
Tuesday Evening, April q, 1916.


Total last week ... 1853, 743 so s64S43 80
Total week before 49,. 9,762,2l4 06 1,4o6 2o7 63
The Money market presents no new features
of special interest. The movement IN For
eian and Domestic Exchange was limited TO-
day. but both showed slight advance upon
Yesterday s quotations. The demand tor good
commercial paper continues, but the supply
is limited and few transactions are reported
Stocks are quiet but steady. We notice o
continued indisposition on the part of hold
ers to sell at present rates. A somewhat I'M
proved tone and steadiness is reported IN
CITY Bonds, which show an upward tendency,
New Currency Seven Per Cents and Gold
Bearing Seven Per Cents closing at slight
advance.
The general depression which has pervaded
| this branch Of the market for one or two days
past, produced by disappointment at the nom
action Of the Legislature with regard to GER
| tain anticipated measures Of relief appears to
have worn off, and to have given place to the
hope that the laws which were enacted will
prove substantially beneficial to the financial
interests of the community. Limited trans
actions in New State Consols show slight
decline in these securities.
| We continue to quote 6rst-class sixty days
paper and collateral loans at S99 q cent per
annum; Al do at 10@l2, and second grade at
15(118. First-class mortgages still rule at
9@lO y cent per annum, while second grade
are entirely nominal
Gold ruled throughout the day at 115i@
115s. az ainst 1l54 at New York. The bust
ness done was of fair extent, the sales sum-
ming up sea, 900, embracing $1,000 and $4,000
at 1l54, SIS, 900 and $4,000 at 49, Hog.
and $4,000 at 115s.
No sales of Silver were reported. We con-
Time to quote American half dollars 1880
1851. while Mexican dollars continue to rule
at 96} @97 gold.
Under the influence of light offerings and
a fair demand Sterling advanced Ito + cent
and francs |. The sales of the former were
confined to 600, 700, comprising 9lOOO bill
of lading and $4,000 AL clear at $50, e15OO
and e2OO0 Al clear at 5.G0a, s13, 600 do and
bill Of lading at 5.6O@5 CO.,, el200 bank at
5.G3. The only sales of the latter reported
were sc. 900 commercial at ASH and 30, 900 at
$50.
At the close sterling bills were quoted at
IS 59IM5. CO., for hill of lading and Al clear,
and -@564l for bank, and francs $50 for
CO nmercial, and 447aD- for bank.
The offerings Of Domestic Exchange were
also light, and meeting with fair demand,
commercial closed shade higher than yes.
, terdav. The sales of New York sight covered
S15OOOO, embracing $4,000, $4,000 and
) 500, 600 commercial at 8 80 y cent premium.
and s2O,O 600 do, and $4,000 and $50, OOl
: private bankers at SIG.
The banks continue to check on New lorA
at ~ cent premium, while commercial sight
was still quoted at -@5-16. against 9-32 yes
. terday.
Stocks appeared to be less bnoyant, and me-
only a moderate demand but holders con
. tinued firm in their pretensions. The only
sale reported was 80 shares New Orleans Mu
tual Insurance Association at S14.
r City Bonds were more in request, and New
CITY Seven Per Cents were held, at the close,
8 abou. IS q = cent higher than yesterday
! and New City Gold Bearing Seven Per Gents
D at Sc (about u cent higher. The sales o
/: the former included $4,000 at 34ll and $40
5 900 at IS, and of the latter $4,000 and 5000
, at 35a, and $4,000 at 35i.
State Bonds were less in demand, and were
shade lower, being quoted at the clos.
, at about 5s1N95Ss. The only sales reported
S were $4,000 aI 5Si. and $4,000 at $50.
No sales Of City Scrip were reported. L
!. was quoted at about 40.
0 Nothing transpired in Metropolitan Polio
0 Warrants. They are sill quoted ct 5o05l.
We heard of no offers or bids for State War
9 rants, and nothing on which to base quota
K tons.