The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-30
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Wednesday Evening, Sept. 20, 1876.
NEW ORLEANS rIEARIN0.HOr6R

| We report continued steady demand for
discounts at the banks. On the street the
offerings of paper are liberal, and under the
strong demand Money continues tight, with
| tendency to higher rates. This activity in
the Money market corresponds with the gene
| raj business movement The situation is be-
lieved to be more promising than for several
years past.
We notice fair demand for cash Gold,
Notwithstanding the advanced rates. our quo
| tations at the close being about the ruling
New York price.
A fair business is reported in Foreign Ex-
change, with slight advance in sterling and
liberal movement in New York sight, at I'M
changed quotations
The Stock market appears to be stagnant,
and, with the exception of single sale,
nothing is reported in Bonds.
| We continue to quote collateral loans at
1O@12 fp cent per annum discount, irst-class
commercial paper at 129-, AL do at 1 591t
| 7p cent per month, and second grade at i(9
II. First-class mortgages rule at III fP cent
per annum. We hear of no negotiations in
second grade.
Gold opened at 116s@1165, against III
at New York, and after moderate business
closed at 11701174, &c higher than yester-
day, against liza in that market The sales
summed up $4,000, embracing $1,000 at
~'"ON
and $4,000 at III, and $4,000 at ll79
It's.
No sales Of Silver we're reported. Amerl-
can half dollars were still quoted at HOG
11Ot, and Mexican dollars at 932@4 gold.
Foreign Exchange opened at previous
rates, but under the subsequent advance in
Gold thew York, sterling was little higher,
while francs were unchanged, owing to liberal
offerings. The sales of sterling comprised
Ell, 900, embracing $4,000 bill Of lading at
| 5. 53A, $4,000 Al clear at 54, e10,000 bill of
ladine at 5.54t, and slOO0 bank, at the
counter, at 5.5S4.
| The sales of francs amounted to 285, 900,
comprising 10000 commercial at =, 1000
and $50, 600 at 458a, and 5000 bank, at
the counter, for gold, at 5.224.
At the close sterling bills were quoted at
Is. 53565 545 for bill Of lading and AL clear,
and nominal for bank. and francs at 1000
al. 58a for commercial, and nominal for
bank.
The offerings of New York sight were Of
liberal extent, but meeting with fair demand
rates were unchanged. The sales covered
Sl4S. 600, embracing $4,000 and $780, 900 COM
mercial at / % cent discount, $4,000 and
$25, 900 commercial, S25, 600 private bankers,
S5O. COO do and bank, and 5000 bank at
3.16 7p cent discount
The banks continued to check on New
York at par, and commercial sight was still
quoted at 4@3-16 p cent discount.
Nothing transpired in Stocks.
The only sale Of Bonds reported was $1,000
New State Consols, small sizes. at 81. They
are quoted at 53a@54, while City Bonds con-
tinue firm at previous rates.
Nothing transpired in Metropolitan Police
Warrants, which are still quoted at 65(97O.
No transactions were reported in State War
rants. Issues OF 1874 were still quoted at 90
665 for large and 65@7O tor small; 1873
and previous years, fundable, at 35@36; and
do. not fundable, at -M29.