The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-12

We have no material change to notice in
the Money market. The demand for Money
from mercantile sources continues good, and
to-day fair amount of business was reported
by most of the banks The supply OF loan
able capital, however, is still abundantly in
excess Of the present wants of actual bust
ness, and is expected to continue so
throughout the summer. The inquiry on the
street appears to be principally for money on
long time and we hear Of some paper max
ing at 80 days and four months.
The movementin Gold, and in Foreign and
Domestic Exchange was limited to-day, Ster-
ling and francs being quoted shade higher.
Nothing has been reported in Stocks; the
market is devoid Of any feature of interest
unless it be the long continued inactivity
which we have heretofore noticed. There is
little or no demand for this class of invest
ment, except for few of the leading shares,
and quotations show scarcely any variation
from day to day.
City Bonds were somewhat excited and ad
vancing, with an increasing demand, and
some considerable orders reported in the
market They closed with an upward ten
dency, several points in advance OF last Fri
day. quotations.
New State Consols are again quiet, with an
other slight decline in quotations. There is
q falling off in the demand at present, which
is perhaps attributable to the conjecture en-
tertained by many that the funding of their
bonds by the London bondholders will pro-
badly leave q considerable amount on sale
in the market
Nothing is reported in Metropolitan War
rants or City Scrip, both showing slight de-
cline. .
We continue to quote first class CONNER
cial paper at 8@9 y cent per annum, Al do
at 10@12, and second grade at 15918.
Gold opened at 1163@1164. against 1853 at
New York, and af or q limited business,
closed at ll6s@116s, Go higher than yester-
day. against ll6s in that market
The sales were confined to $34 600. en-
bracng $4,000 at 116s, $40 900 at 1l6s@116a.
S1O,O 900 and $1,000 at 1l6l, $4,000 at 1850
116a, and 5000 at 116S.
No sales of Silver were reported. American
half dollars were still quoted at 10S!@109,
and Mexican dollars at -@96, gold.
Under the influence of the advance in gold
at New York, commercial Sterling ruled 2-lO
7s cent higher, and francs ].
The sales of Sterling comprised 050O,
embracing s25OO bill of lading at 5.67, 945OO
do at =, e15OO Al clear at o.of3' ana 4zooo
bank at -.
The sales Of francs amounted to $50, 900
commercial embracing 100, 600 at 4.45ss. and
60, 600 and 14O, 600 at 40.
At the close Sterling bills were quoted at
5.661G5. ST. for bill of lading and Al clear,
and E(95. 70 for bank, and francs at 4. 469@
AS for commercial and - @44l4 for bank.
New York sight is unchanged. The sales
comprised $500 embracing SIS. 600 com;
mercisl. s25, 900 and $50, 900 private bankers
and So, 900 bank at SIG p cent premium.
The banks continued to check on New York
at % cent premium, and commercial sight
was still quoted at -@5-l6
Nothing transpired in Stocks, in which we
see no indications of any movement, holders
being unwilling to press the market and buy
ers to come forward. :.
City Bonds continued to improve. partlcu-
larry Gold Bearing Seven Per Cents, wnicn
were quoted at the close at 364 Gt36a, about "a
p cent higher than yesterday.
The sales included $1,000 New currency
Seven Per Cents at 33, $4,000 do, old, at $50,
$4,000 Gold Bearing Seven Per Cents, early, az
34@ $4,000 do at $50, $4,000 and $4,000 do at 80,
$1,000 do at 36s, $1,000 do at 36l, and s6ooo
do at 365.
New State Consolidated Seven Per Cents
continue dull and were quoted at 54(9543,
shade lower. No sales we're reported.