The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-08
MONETARY.
OFFICE NEW ORLEANS BULLETIN, I
Tuesday Evening, Sept. Z, 1875. I
NEW QRLEANa CLEARINGHOUSE.

| We notice that at the meeting of the City
Council to-day resolution was introduced
extending the charter of the Crescept
City Railroad Company for ten years and
relieving the company of the bonus they
have hitherto paid to the city on condition
that they extend their line to Carrollton. We
learn that the rates on the whole Line are to
be 81 cents for each passenger until divi-
dend of 81 79 share is paid to stockholders,
when the fare will be reduced to cents.
The Money market continues without ma
terial change. Fair offerings are reported at
| the banks, where good 80 day paper is readily
| taken. On the street negotiations of long
paper are of limited extent.
Cash Gold Is reported scarce, and under q
local demand from the Coffee trade, and for
Custom-House purposes, rates have again
ruled higher than New York quotations
Silver also is reported in good demand and
light supply.
Nothing is reported in Stocks, but we no.
tice fair inquiry for some favorite bank
shares.
New State Consols are reported weak and
nominal, while City Bonds are quiet, and
apparently without inquiry or offerings.
We were shown to-day zoe piece of
the new silver coinage (received by Mr.. j.
Newman from Washington) authorized by the
act OF last March, providing for the coinage
of that denomination for the purpose of pro-
viding change and for all other purposes for
which the small coins are to be used. The
act of January, providing for the coinage of
10c, Csc and SOC pieces, it will be recollected
| was to provide coin for the redemption of the
fractional currency, but the closing clause in
the act of March indicates that the Zoe coin
may be used for the same purpose when re-
quired. If any considerable amount of this,
or fanny other silver coin, we're emitted at the
present, gold ruling at the quoted rates, it
would be promptly bought up at a premium
for foreign export.
We continue to quote frst-class CONNER
cial paper and collateral loans at sos 9a cent
per annum. AL do at 10@12, and second
grade at 15@18
First class mortgages ruled at 1910 p cent
per annnm; second grade are entirely nominal.
Gold opened at 114s@115s, against lis at
New York, and after limited business,
closed at 1159 l154, against lis in that mar
ket
The sales summed up $43 900, comprising
$40, 900 and $4,000 at lis, $4,000 and $4,000
at 1151, $4,000 at ISL and $4,000 at 1l58.
No sales of Silver were reported American
half dollars are still quoted at 10S@109, and
Mexican dollars at 949@95 gold.
Sterling was lilo y cent higher, while
francs were unchanged. The sales of the
former comprised $500, embracing el500 Al
clear at s. 52A e5OO do at 5.53t. s25OO do and
bill of ladlng at 554, and $1,000 bank, for
gold, at So. Nothing transpired in francs.
At the close sterling bills were quoted at
5. 52B(95 534 for bill Of lading and AL clear,
and nominal for bank. and francs at 4.56t for
commercial, and 4 529 for bank.
New York sight continues quiet and un-
changed. The only sales reported were $4,000
commercial att p cent premium, and $50
bank at 5-16
The banks continue to check on New York
at % cent premium, and although sales
have been made at !, commercial sight is still
quoted at -@5-16.
All classes Of Securities are dull and with
out any apparent movement.
No sales Of Stocks were reported.
Nothing transpired in Bonds. City Bonds
are steady and firm at about previous rates,
while New State Consols are quiet and weak
but without quotable variation.
Nothing was reported in Metropolitan Po-
lice Warrants. They are still quoted at 65(S
20.
No transactions were reported in State War
rants. Issues of 1874 were sill quoted at
$1,000 for large, and 60@65 for small; 1873
and previous years, fundable, at 35@36, and
do, not fundable, at -@29.