The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-01

Thus far this week. 1,82 5,6l6 Al III, 3o3 80
Same time last week. ,964, SIT 66 262 ,4l9 IS
Total last week. ...... 6,2oo.O4l 70 I5a, 800 %
Total week before. ;. 1885, O2 % S96,093 IS
The increased demand for Money, which
we noticed last week, was apparently main
tanned to-day at most Of the banks, where q
better feeling seems to prevail. Bankers are
encouraged by the prospect of some improve
ment in general business. On the streets,
however, the offerings we're light and little
was done in commercial paper.
To-day being legal holiday in New York
no official kilograms were received from that
market. There was limited movement,
however, in Gold, and in Foreign and Domes-
tic Exchange at unchanged rates.
Stocks continue inanimate. Few transac-
items are reported, and the market is bare Of
any noticeable feature
Most issues Of City Bonds are dropping,
while new State Consols are dull and fully
10 cent lower. There seems to be little or no
demand at present for either of the latter
securities. It is characteristic of this market
that when stocks or bonds for which there is
no immediate demand, are pressed for sale by
parties wishing to realize, the holders are
compelled, in order to effect sales, to make
liberal concessions.
This ia less the case in New York and larger
cities, where operations are more extensive,
and, at Q price, most securities can be moved
without delay; but where the field is narrow,
erd ia canital emnloved limited. a marked
decline ia frequently the result Instances of
this kind may in part account for the very
Low auotations. reported to-day.
We learn that in the Superior Court to-day
judge Hawkins ordered peremptory man
damus, requiring certain bonds Of the follow
ing issues to be received and funded by the
Fdnding Board: Levee per cent S.. O0O, 900
- n.
& ner cent "a GOO. 600 Loan. issued under act
NJ Tx Of 1867: bonds known as Red Backs,
issued under act No. Is of 1866. This order
wos NADIA IN the netition of Oscar J. Forstall,
Giad Iast week and referred to in our reports: :
a case mada To test the validity of certain
;ssnes questioned by the SUPPLEMENTARY
FINDING At We also learn that the question
Of the Validity of the Levee per cent bonds
II mn 200 under act IS of 1865, will probably
ia decided in a case to be tried ON June 9TH.
TODAY being the last day but one for the
payment Of back city taxes in City Scrip, a
large amount was paid into the Sheriff 8 Office.
The amonnt Maid In to dav in this scrip was
estimated last evening at near 5000, 900. We
learn however. that the Office will be open
TONIGHT and also tomorrow, to receive these
pavments.
We continue to quote first-class commercial
paper at 869 fg cent per annum, Al at 10@
Is and second grade at 15@18.
Gold ruled throughout the day at 116@
116I. against 116a, the closing quotation at
New York on Saturday. The sales we're limit
ed, being confined to $4,000, embracing
$40 900 at 116, 5000 and SIC, 1000 at 116b, and
$1,000 and $4,000 at 1l64.
No sales of Silver were reported. American
half dollars were still quoted at 1O8@1O9,
and Mexican dollars at 96@963, gold.
TL,,o ,ros coo .calv onv movement in For
eien Exchange, and rates were without quota
BILE variation from Saturdays. The sales OF
Sterling were confined to e950o, embracing
el5OO Al clear at s. 621 and $4,000 do at s. 63,
and $1,000 and $4,000 bank at 5 e6.
The only transaction reported In francs was
200, 600 commercial at 44es; :.
At the close Sterling bills were quoted at
s. 62@563 for bill of lading and AL clear,
and -@5.66 for bank, and francs at 44S4@
4 47a for commercial, and 4. $50 for bank.
New York sight was scarce, In moderate