The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-12
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Thursday Evening, Nov. II, 1875.
NEW ORLEANS CLEARINGHOUSE.

We have no material change to note in the
Money market, which continues quiet. The banks
report fair demand for discounts, and the vol
ume of business as indicated by the Clearing
House reports, is considerably in advance OF last
week. On the street the inquiry for Money Is
steadily maintained, with no change in our
quotations for commercial paper
The scarcity of cash Gold continues. the rates
here continuing above the New York market.
The difference, however, Is not so marked as
yesterdar.
Sterling was quoted higher to-day, in sympathy
with the advance in gold and bills IN New York.
We noticed a fair movement IN New York sight,
which was lower under liberal offerings. The
Stock market was inanlmate, with scarcely any
M vement reported.
We continue to quote collateral loans and first
class commercial signatures at oil u cent per
month, AL do at 1@1l4, and second grade at
1H01-. First-class mortgages rule at 10 u
cent per annum; second grade are entirely
nominal
Gold opened at 1141a@l15, against ia. at
New York, and aft err a mod rate business closed
at 1150gl15H GSM14c higher than yesterday,
against ll45 in that market. The sales summed
up SA 600. embracing $4,000 at 114$4, $1,000 and
$4,000 at lis, and $4,000 at 1l5@ll5I.
No sales OF Silver we're reported. American
half dollars were still quoted at 1O9@1lO, and
Mexican dollars a 93(l1931I. gold.
UAder the advanceln gold and bills at New
York, sterling was quoted lie higher. The move
ment was moderate, the sales amounting to only
t2S, OOO. comprising t5OUD Dill OF ladlnS at 04Z,
f1O00 do at 5.421aa. $4,000 do at 5431 01544 G20OU
AL clear at 5.44, f45 0 bill Of lading at SAY,
$4,000 do at 5 45, $500 do ats .44095.451a, and
$4,000 do at 5.44Ha.
Francs were unchanged at New York, but in
sympathy with the decline in gold in that mar
ket, they ruled "a u cent higher here than yes
terday. The movement was Of fair extent, the
sales comprising 40 commercial, embracing
81, 900, 10000 and 100000 at 1865, and $4,000
so, 900 and II o. 900 at 4.65.
At the close sterling bills we're quoted at 441ag
$751; for bill Of lddng and Al clear, and noml-
nal tor bank, and francs at 4 IS for commercial,
and nominal for bark.
Though the demand for New York sight was
Of fair extent the offerings being quite liberal,
commercial fell off 1-16 u cent towards the
close. The sales comprised S255,0tO, embracing
s25, 900 and $50, 900 commercial and $4,000 and
$25,(00 private bankers at u cent dis
count; $40, 900 commercial at 7-l6; 1000 pri-
vate bankers at 7-1602s, and $4,000. so ,OOO
and $50, 600 commercial and $4,000, $4,000,
$25, 900 and $50, 900 private bankers at %. We
also noticed sales OF $4,000 commercial on
Providence and $4,000 on St. Louis at "a u cent
discount.
The banks continued to check on New York at
Il ~ cent discount, and commercial sight was
quoted at TIC. against 1868 yesterday.
No sales of Stocks are reported
The only sale of Bonds reported was s2O,O
New State Consols at "a 4. Both City issues and
New State Consols continue rather weak
Nothing transpired in Metropolitan Police
Warrants they are still held at -G72.
State Warrants of 1874 issues continue entirely
nominal, while 1873 and previous years, fund.
able. rule. at 35t936, and do, not tundable, at
-@29.