The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-01-30
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Friday Evening. Jan. 20. 1875.
NEw ORLEANS CLEARINGHOUSE.


Total week before. IL, 335,070 Is ,243 1853 80
The Money market continues quiet and
easy with moderate demand for discounts at
the banks, and limited offerings on the street
without any change in rates there appears to
be more business during this week. though
the absence of desirable paper, either short
or long, is still noticeable.
We continue to quote first-class paper and
collateral loans for 60 days at SN9 = cent
per annum; Al do at 10N1l2 and second grade
at 15(alSc. First-class mortgages are in
Guired for at 9Gll0 +, cent per annum, but it
is extremely difficult to negotiate any others
Gold opened at 1l301113l, against 113B
at New York, and, after liberal business,
closed at 1125 01135, against l13 in that mar
ket. The sales summed up $4,000. en-
bracing $1,000 at 1929. $4,000 at lib, $40, 900
at 113@1l3!, $1,000 and $4,000 at 113I
and $1,000 and $1,000 at 49,.
No sales of Silver were reported. American
half dollars are now quoted at 105JGG106J
while Mexican dollars continue to rule at
97(d975 for gold.
Under the influence Of the decline in gold
at New York, Sterling closed about 2-l0 r
cent lower for commercial and Ito for bank
The movement was of fair extent amounting
to $40, 900, comprising El500 aud c3000 bill
of lading and E2200 and $4,000 AL clear at
SAC, 10000 bill Of lading at 5.464, g4O0O and
Gig 600 do. at 5.46G5.47, c25O0 do. at 5.47,
e900 bank at the counter at $50, and ci0O0
do at ISL.
Francs were also lower. The sales summed
up 400, 900 commercial, comprising so, 600 and
1O0 600 at A. Coz, and $50, coo at 4Gl iMl4. 60.
At the close Sterling bills were quoted at
5.45(G5.46 for bill Of lading and AL clear, and
-(G549 for bank, and francs at 4.61 for
commercial and SCI for bank.
The offerings of Domestic Exchange were
of liberal extent, and meeting with fair de-
mand commercial closed 3 shade higher. The
sales of New York sight covered $4,000, en-
bracing $4,000 commercial at SIG II cent
discount, $1,000 do at ;-16Cg4, S25, 900 and
$1,000 do and SO, 000 $50 600 and 100000
private bankers at /, and 500 900 bank at
1872 We also noticed sales of $4,000 COM
mercial on Providence, and SO, 900 on Phil
adelphia.
The banks continue to check on New York
at ] 59 cent discount, while commercial sight
was quoted at against 5-16Nl yesterday.
The low quotations of some Bank and In
surance Stocks seem to have attracted atten-
ton, but there is little disposition to sell at
present prices.
In Stocks we noticed sales of 100 shares of
Louisiana Levee, prefe FRED, at 50 %. Sales
were also reported of Bank and Insurance
shares, Of which the particulars were with
held.
The sales OF Bonds included SD 600 Old
State Six Per Cents, issued for relief of State
Treasury, at 2S2, and $4,000 City Gold Bear
ing Seven Per Cents at 373, which was about
the closing rates. Nothing was reported in
New State Consolidated Seven Per Cents
they were quoted about 800.
There is apparent improvement in City APP
preparation Certificates, which are quoted
nominal at about SO.
Under the influence Of the rumor that some
amendments were to be added to the injunc-
ton restraining the city from receiving any
thing but cash in payment Of licenses, Metro
poltan PoliceWarrants rallied nom yesterdays
quotations Of G5@G6, and closed at about
TJE972J, but no transactions worthy Of notice
were reported.
The sales of Warrants included $4,000
old at 255 and $500 new at 81. The market
was quoted at the close at 25Gl 26 for old and
53G)54 for new.
The following are the quotations Of City
Time for 1873: August to December 33@335;
for 1874: May laborers S0G.S5, balance of
May 60GDS0; June officers 45M50, June la
borers -Cl40; for ordinary from June to
December 33C935; and of School Certificates
for 1874: July 50, August 72!, September 52ls,
October 40G942, and December %.