The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-13

The New Orleans Stock Exchange is now fully
and will formally open for the trarsac-
tion of business on Friday the 18th inst. well
institution Of this kind is calculated to
main ain high standard in the profession and
a membership in such an organization is guar
autee Of correct dealing th to buyer and seller.
The publ cation of quotations, carefully prepared
by those who have the best facilities for accurate
information, will be valuable to the capitalist, in
weston and business man.
We understand that the rules adopted in the
present instance are stringent, and well adapted
TO the purposes Of the organization. The high
reputation OF the officers just elected, and of the
gentlemen composing the various commi tees,
furnishes good ground for the belief that these
rules will be efficiently and satisfactorily carried
out. The Stock Exchange has our best wishes
for success. The. following is list of the Off
GERS and committees
President, VIM. r. Lyman; Vice President,
Henry Lesassier; Treasurer, Isidore Newman;
Secretary, A. A. Bunsmade. Arbitration Com
mittee, George Binder, J. o. Bigelow, A. Del
vaille, F. S. Barton, H. W. Palfrey. Bond Com
mittee, J. NJ Seixas, G. o. Fazende, George II.
Shotwell, Peter Helwege, Alexander Bienvenu.
Finance Committee, E. 81. Levy, E. 81. Reznes,
P. Labouisse. Committee on Quotations, G.
Townsend, II. F. Q. ohaefer, Lucien De Buys, j.
NJ Sei1as.
At the meeting OF the City Council to day
resolution was referred to the Committee of the
Whole proposing that the city receive all city
scrip and half paid interest coupons IN payments
Of back taxes, up to and'incuding the year 1873,
and also proposing to remit interest and COST
already accrued on such cases.
The demand for discounts at the banks coDtln-
ues good, but is perhaps not 80 strong as last
week. On the street there is less paper offering,
and Money rules easier but without quOtable
variation. Foreign Exchange was somewhat I'M
settled. under the decline in gold reported by
the New York kilograms, and Domestic was only
in moderate demand.
No sales are reported in new State Consols,
okoI lo tt,n
Bonds sold at about previous rates, and Stocks
were without movement.
We continue to quote collateral loans at 10 %
cent per month, first class commercial signatures
at 1@l14, Al 90 at 14@lH, and second grade
at 11s92. Fret class mortgages rule at 10 %
cent per annum; second grade are entirely
nominal.
Gold opened at 1161s@l16a4, against 1867 at
New York, and after a fair business closed
at 1161s@1162s, (asc lower than Yesterday
up $4,000, embracing $4,000 at 116b, Il, ooo at
li624@1l6I. $1,000, $4,000 and $4,000 at ll6la;
s11, 900 at ll6a@l16ss, $4,000 at 1865, and $1,000
| and $4,000 at 1863.
dollars we're still quoted at 109@l1O, and NJ sxcan
dollars at 9311l@94, gold.
Under the decline in Gold at New York,
Foreign Exchange wass unsettled, and was QUO
ted,fuly &c or 40 D cent lower at the close Tor
sterling and a % cent for francs. There being
/ but few buyers in the market the movement was
| limited. The sales of sterling were confined
| to f19,5O0, embracing $4,000 bill of ladlng and
f70OO do. and Al clear at 5491aa 05.5O, f2OOO Al
clear and $4,000 bill OF lading at $50 and t2oOo
| Al clear at 5.5O11a
| The only transaction reported in francs was
| 12;, 900 commercial, at 4. 614.
| We noticed sale Of 40,UOO German marks at
1O77s :.
| At the close sterling bills were quoted at
5.49@55O for bill Of lading and Al clear, and at
5.53@554 for bank, and francs at 46l4 Tor
commercial and nominal for bank.
The offerings of New York sight were OF fair ex-
tent and met with moderate demand at pre-
vious rates. The sales amounted to $l25OOO,
comprising $1,000 and $4,000 commercial 81, IVY
private bankers and $4,000 do and bank at q
s9 cent discount, $25 900 private bankers and
SIC. 600 bank at 1892, and $4,000 bank at 7-16
The banks continued to check on New York at
"A % cent discount, and commercial sight was
sIill quoted at n.
Nothing tranrpired in Stocks. o,
The only sales reported in Bonds were sl0Ct
City Premium Issues at SO, and $1,000 at 1874
they closed about 1904. old city issues were
quoted quiet and firm, and new State Consoii
strong at 5411a@5424.
No sales Of Metropolitan Police Warrants
were reported. They were still quoted at 65C0fo
State Warrants contioue without any apparent
movement, Issues of 1874 are still quoted a
6O@65 for large, and 65@70 for small, ant
1873 and previous years, fundable, at 35036, ant
1o not f1ndahle at -Gn2q