The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-26
MONETARY.
OFFICE NEW ORLEANS BULLETIN. |
Friday Evening, June rs, 1876.


The week has elapsed without the Money
market presenting any new feature of special
interest. The demand for discounts appears
to have been generally moderate, although
still reported good at one or two of the prin-
cipal banks. On the street the inquiry from
eligible borrowers has fallen of, and good
aper is in fair demand and very limited sup
ply. During the past two days Gold has ruled
disproportionately high compared with New
York, cash gold being in strong demand for
the Custom-House.
Stocks have been extremely dull throughout
the week. Few transactions are reported
upon which to base quotations, which in
some cases are nominal, and the stock list re-
mains generally unchanged.
In City Bonds there has been little varia-
ton. Gold Bearing Seven Per Cents advanced
on Saturday and Monday, but have since re-
ceded to about last Fridays rates. New State
Consols have ruled generally quiet. Quoted
at 81 after the payment of the 81 ~ cent in.
terest coupon, they show decline OF 39
cent from our quotations of last week.
We continue to quote first-class sixty days
paper and collateral loans at 500 fp cent per
annum. Al do at 10@l2, and second grade
at 1898. Firstclass mortgages still rule at
9@1O 3p cent per annum, while second
grade are entirely nominal.
Gold opened at 1l74@1l7s, against 1174 at
New York, and after q limited business
closed at the opening rates in both mar
kets. The sales were confined to $2l, 600,
embracing $4,000 at III, $4,000 at 117s. $4,000
at 1l7l, $4,000 at 117ss, and $4,000 at 117s@
1173.
No sales of Silver were reported. American
half dollars were still quoted at 109@109a,
and Mexican dollars at $685. gold.
Foreign Exchange was without quotable
variation. The sales of sterling comprised
e11,O 900, embracing $4,000 bill Of lading at
S. 683, sl5OO do and 10000 Al clear at 500,
and sl5OO bill Of lsding at 1905. 3d.:
The only sales of francs reported were
20, 1000 and 1856, 900 commercial at 434.
At the close sterling bills were quoted at
S 6SM5 60 for bill of lading and AL clear.
for commercial and T. 40 for bank.
New York sight continues scarce, but with
only limited demand and without quotable
variation. The sales included $25, 600 private
bankers at SIG 59 cent premium.
The banks continued to check on New
York at ( ~ cent premium, and commercial
sight was still quoted at --95-16.
The sales Of Stocks included 10 shares
State National Bank at SIS so, some Hibernia
Bank and Louisiana Sugar Shed Company,
of which the particulars were withheld.
Not q single transaction was reported in
Bonds.
New City Currency Ssven Per Cents were
quoted at about IS. City Gold Bearing Seven
Per Cents at 364@363, and New State Con-
soils at 5l4@5lA.
No transactions are reported in Metropoli-
tan Police Warrants; they are quoted nominal
at 5000. :,
No sales of State Warrants are reported.
Warrants of 1874 are still quoted at 4o042;
1873 and previous years, fundable, at 36@37,
and do, not fundable, at -030.
City Scrip is apparently without any move
meut.
The following are the quotations of Time
and School certificates: