The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-11
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, June 10, 1876.
NEW oRLEANa CLEARINGHOUSE.

The demand for Money continues compare
lively good, and fair amount Of business was
reported to-day at most of the banks. On the
street we noticed some increase in offerings.
The latter, however, were chiefly Of long pa
per, all short eligible signatures being gene
rally absorbed by the banks. The movement
in Gold and Foreign Exchange was limited,
and exhibited slight advance in both, while
Domestic Exchange ruled at unchanged rates.
The Stock market continues tame and I'M
interesting. With the exception of some de-
mand for few of the leading shares, there is
little or no inquiry, and holders generally are
indisposed to invite transactions upon the
basis of lower figures.
The demand for City Bonds continues to i'm
prove. Holders appear more confident and
are frmer in their pretensions, the bonds
offered for sale being mostly in small lots
These securities sympathize with the appa-
rently Frightening prospects of the Premium
Bond Fund Scheme, and appreciate in rates
with the forward movement of that measure
State bonds are reported quiet and weak
The impression appeared to prevail in some
quarters that the privilege Of paying back
newed and extended to the LIST of August, in
compliance with the petition recently laid be-
fore the Council of owners of real estate.
Owing, probably, to the influence Of this i'm
preston, scrip is reported somewhat stronger.
We learn that the interest on the Carrollton
Railroad bonds, which became due on the LIST
of May, will be paid on Monday, 18th inst
We continue to quote first class CONNER
cial paper at 500 p cent per annum, Al at
1O@12, and second grade at 15@18.
Gold opened at 116s@116s. against 116s at
New York, and after limited business closed
at 1163@1l6l against the opening rate in
Thn oo1no -
$1,000, comprising $1,000 at 1l63, $1,000 and
$4,000 at 116s and 5000 and $1,000 ct 116a.
No sales Of Silver we're reported. American
half dollars were still quoted ct 1O64@109,
and Mexican dollars at -@96, gold.
Under the influence Of the advance in
gold at New York, Sterling improved 2-10 y
cent. and francs nearly /. The sales of Sterl-
ing comprised Ell, 900, embracing e5000 bill
Of lading at 5.66, $4,000 do and Al clear at
-, and $4,000 bank at -.
The sales of francs were confined to 170,-
600 10000, $4,000 and 100000 commercial
at 446l.
At the close Sterling bills were quoted at
$685. as. 66} for commercial, and -@5. 70 for
4. 42t for bank.
New York sight continues in light supply
and limited demand at previous rates. The
only sales reported were $4,000 private
bankers and $4,000 and $4,000 bank at
5-16 p cent premium.
The banks continued to check on New York
at 4 y cent premium, and commercial sight
was still quoted at -@5-l6.
The only Transaction reported in Stocks
was 10 shares Sun Mutual Insurance Com
psny at ST
City Bonds are in good demand and ad-
vancing, with the offerings confined to but
small lots. The sales and resales Of Gold
Bearing Seven Per Cents summed up $50 600,
$1,000 al 3l3, $1,000 at 80. $4,000
and $1,000 at 32t. $1,000 and $4,000 at SO,
$4,000 at 334, $1,000 at 33a. and $4,000 at 335;
the market closing at about 332@34 against
322, showing an advance nearly Of II per
cent.
New State Consolidated Seven Per Cents
we're dull at 54A. No sales were reported.
No sales OF City Scrip were reported. It
was quoted at -@4O, shade higher than
yesterday.
No transactions were reported in State War
rants. Warrants Of 1874 were quoted at 400
u, 1873 and previous years, fundable, at $500
81, and do, not fundable, at $3.50.