The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-01-23
MONETARY:
OFFICE NEW ORLEANS BULLETIN.
Friday Evening. Jan. %, g Is. I
NEW ORLEANS oLEARMo.6ousn.

The Money market continues quiet and
easy, but with more demand for tenn norarv
accommodation at the banks, owing to the
large quantity Of cotton sold, but not deliy.
cred. There is but little commercial business
paper of short date offering. On desirable
names and first class collaterals, which are
scarce, negotiations ere easily consummated
at previous rates. We continue to quote first.
class paper and collateral loans for sixty DAYS
at8@9 p cent per annum, AL do at 10012
and second grade at 15@1S Strictly first
class mortgages can be negotiated at SOLO ~
cent per ennum /; there is no movement in
other grades.
We notice that the New Orleans Insurance
Company recently declared dividend of 5 p
cent, payable on the LIST of February.
Gold opened at 1922 "a 1125, against 112s at
New York, and after liberal business closed
at 112a@112s, against 1928 in that market.
The sales summed up S122,O embracing
$1,000 at 112s, $4,000 and $4,000 at 1l25.
$6oooo at li229ll2s, $4,000 and $4,000 at
1925, and 5000 at 1922
shipping hence to New York. American half
dollars are now quoted at 105@1O6 Mexican
dollars continue to rule at 97(0971, gold.
Under the influence Of the advance in Gold
at New York, Sterling Exchange was about
BIO fp cent higher for commercial and 2.lO
for bank. The movement was of liberal extent,
summing up 1000, comprising e35OO bill
of lading at 5.43I, $4,000 and E35OO do at
63a65. A, $4,000 AL clear at 5.44, e17,OOO
do and egg, 900 do and Al clear at s. 441 s. As,
95OOO AL clear at 5.45, $4,000 bank At 46,
and $4,000 do at 5.46J.
Francs also responded to the advance in
gold at New York, closing higher. The sales
amounted to $4,000 commercial, comprising
100000 at 1921, 100000 at 4.62a@46l4,
$4,000 at 4.61s, and 10000 at -.
At the close Sterling bills were quoted at
5.43I @5.45 for bill Of lading and AL clear,
and -05.465 for bank, and francs at A. 25M
4.6l4 for commercial, and 457S@456i for
bank.
The offerings of Domestic Exchange were
of tair extent, and the rates. of commercial
were 1-16 II cent higher. The sales of New
York sight covered sl65, 600, embracing $40, 900
commercial at 79 cent discount, and $15, 900,
$4,000 and $4,000 do at 3-16, and $40. 600
do. $50, 900 private bankers and $780, 900 bank
ut 4. We also noticed sales of 1000 COM
mercial on Providence at 79 cent discount.
The banks continue to check on New York
ct par, while commercial sight was quoted at
3-160a % cent discount, against 4@3-16
yesterday.
In stocks we noticed sales of 100 shares Lou
isiana Levee, preferred, at 50 rs, and 100 at
So SO.
The sales of Bonds included $4,000 City
Gold Bearing Seven Per Cents at 36s, and
$4,000 at 36i. They closed at about 364. No
sales of New State Consolidated Seven Per
Cent Bonds were reported, but we heard that
they were held at the close at 3SGg39.
No sales of City Appropriation Certificates
were reported. They were quoted at about
5000.
The sales of Metropolitan Police Warrants
included $1,000 at 75i and $1,000 at 75a, which
were the closing rates.
The only sale reported in State Warrants
was S11O0 new at IS. Old were still quoted
at -926, and new at -@55.
The following are the quotations for City
Time for 1874 May SO@S5, July to Decem-
Der 34935 and of School Certificates for
1874: July 80, August 20, September So, Oc-
tober As, November 80 and December 25.