The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-06

Financial circles are very qeiet
Tho Money market presents no material
change, showing. perhaps, somewhat less ami
nation than yesterday. The distinctive fea-
ture Of the financial situation continues to be
: large supply Of unemployed capital on de-
Posit It the banks: With little OF no DISPOSE
ton on the part Of capitalists to embark in
such investments g are offered on the mar
ket
Money II in light demand with no quotable
variation in street rates for commercial paper.
The offerings Of factors notes and acceptan-
ces are limited The movement Of supplies
TO the interior continues light tho orders
from the country being mainly for small lots.
II the prospect Of the growing crop be favora-
bic W may expect considerable increase in
this branch Of business. To-day the move
meat Il Gold, Foreign Exchange and Now
York dght WIS moderate, and without any
while Bonds exhibited somewhat moro activity
than yesterday.
New City Currency Seven Per Cents, issue
Of 1870, strengthened BY the intelligence
that tho coupons due in December hast are
provided for, and will b paid on the 18th
inst. Vere sitter, while other City Bonds were
unchanged and now State Consols were quoted
TO per oent lower. City Scrip was held Ct
IN advance of1@2 u cent under the effect
Of tho impression that the city authorities
may detsrmins TO receive il in payment Of
licenses, 70 which impresioni il also attributed
the reduced quotations in Metropolitan Police
Warrants, although no transactions IN the
latter a1o popoTtsd. In connection with city
af6aira ve call attention to tho fact that the
city viii cease 70 receive City Scrip in pay
ment for back taxes altar the 3lst inst. We
lsarn that On last Friday, NJ. Henry Shop
herd paid into the city treasury $50, 800 (prin-
cipally for taxes on the Tour0 Buildings)
which q - largest amount received from any
ono taxpayer for . long time.
We heard . good deal Of comment in
financial circles concerning > proposition
made, Or soon 20 be made, bv the representa-
dives Of tho New Orleans, Mobile and Texas
Railroad. for the purpose Of carrying on
their enterprise. We understand that the
company propose 70 put in their road clear,
. stock, and leave the management and con-
trolling interest IN Nav Orleans, provided
that 81, SOC. 600 i subscribed here to b en-
ployed il. extending the road to Houston.
Texas, where it II 70 connect with tho roads
running from that point into the interior.
The road j. finished from New Orleans 70
Bayou Goula and graded some distance b.
yohd. The proposition Is received with ap-
proval BY some, while others advocate *
tending ths unoompleted road TO Shreveport
The general sentiment, however, seems to be
IN favor Of promptly inaugurating active mea-
suzes to accomplish either one object Or the
other.
We continue 70 quote Arst-class sixty days
psper and collateral loans It 500 . cent per
ennum; Al do at 10@12, and second grade at
l561A First-class mortgages still rule ct
00lO u cent per annum, while second grade
10 entirely nominal
Gold opened = 1l54@115s. against ll54 ct
Nov York. and after q moderate business
closed It the opening rates. touching 115s
during the interim at New York. The sales
summed no 5000, embracing $15. 900 at
lis, 5000 and $685. 900 9 1154, $4,000 at
ll5l(lll5a, and 5000 ct 1153.
No sales Of Silver were reported. Ameri-
en- hslfdollaxs were still quoted q 1O6(91O9.
and MEXICAN dollan 96@96} gold.
Foreign Exchange was without quoAble
variation. The movement In Sterling was
rather limited, being confined to El4.OOO. en-
bracinR f3OOO bill Of lading q $50. EJOoO 90
q S. 6O(a5. COL, E25OO and E25OO do. q 5.6Ot,
elOOO as. q SCI, ElO0O bank at 5.6S4, and
E1O0O do. sight at SIS.
No transactions werc reported IN francs
At the close Sterling bills we're quoted as
s. S9hl5. COZ for bill Of lading and Al clear,
and -96634 for bank. and francs q ASO
for commercial and OF 64 for hank
The offerings Of Domestic Exchange were
light. and with : moderate demand rates
we're unchanged The sales were confined