The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-20
MONETARY.
OFFICE NEW ORLEANS BULLETIN.
Monday Evening, April 19, 1870.

Same time last week. s,s2s,s52 25 1920 81 IS
Total LAT week 9,765, 214 06 1,406,2a7 81
Total week before -. 9,79S,C69 81 l,l9e,l29 %
The Money market continues to present no
material change, but if anything there was
more quiet to-day than usual The reports
show very moderate movement IN ore'gn
Exchange, with slight advance in CONNER,
cial Sterling, but not until near the crosse anu
Q hardening tendency IN Domesuc LAcnange'
The stock market was inactive and no trans
ac,;ons we're reported. Operators in this de-
n.rtment appear to be waiting the action OF
The LEGISLATURE. Few transactions are re.
norted in Bonds, and these were confined to
State and City Seven Per Cents. The former
vere in fair request, and closed steady, after
some $40, 600 had changed hands at rates
showing little or no variation from Saturday 8
quotations The latter were inactive and
somewhat dropping, only two light sales
being reported.
We still find wide difference Of opinion
in reference to the effects of the proceedings
of the holders of Old Consolidated City
Bonds. some contending that the position
taken by them will be sustained by the
courts to the exclusion of the claims of others,
while, on the other hand, it is asserted that
the action of the Legislature, authorizing
subsequent issues, practically repealed the
restrictions given by the Act Of 1852.
We continue to quote first-c!ass sixty days
paper and collateral loans at 899 y cent per
annum; AL do at 1O@12, and second grade at
15I18. First-c!ass mortgages still rule at
SOLO p cent per annum, while second grade
are entirely nominal.
The following were to-day elected Directors
Messrs. Archibald Montgomery, Robt Strong,
Hugh Kennedy, Jno. ]. Gidiere, and John
Hervey.
Gold opened at 114sG01l5s, against 115b at
New York, and after moderate business,
closed at the opening rates in both markets,
touching lis during the interim, at New
York. The sales summed up $4,000. en-
bracing $1,000 at 114s, $1,000 at lis, 100000
ut 115C11l51. $4,000 and $4,000 at 1155, and
$4,000 at ISL.
No sales of Silver were reported. American
half dollars are still quoted at 1OS@lOsI,
while Mexican dollars continue to rule ut
964@97 gold.
Sterling Exchange ruled at previous rates,
until near the close. when, under the in
fluence of private dispatches quoting bills
better at New York, commercial advanced
10 per cent at which it closed. The sales
comprised eos. 500.
Francs were unchanged. The only sale
reported was 100, 900 commercial at -.
At the close, Sterling bills were quoted at
5.58@5 SO for bill of lading and Al clear, and
IS 81 for bank, and francs at 1880 4524
for commercial, and 4. 500 for bank.
The offerings of Domestic Exchange were
of moderate extent, and with fair demand
commercial showed slight hardening but
without quotable variation in rates. The
sales of New York sight covered $4,000,
embracing $4,000 and $25 600 commercial at
IL cent premium, and $4,000 do, and
$25, 600, $50, 600 and $35, 600 private bankers
ct 9-32.
The banks continue to check on New York
ut p cent premium, and commercial sight
is still quoted at -@9-32.
Stocks were quiet. No transactions were
reported
City Bonds were dropping and exhibited
scarcely any animation. The only sales re-
ported were $4,000 City Gold Fearing Seven
Per Cents at 35. aud $4,000 at 35b.
New State Consolidated Seven Per Cents
were steadier and in fair request. The sales
summed up $4,000. embracing $4,000. S1O,-
600 and $40, 600 at So, and $4,000, $4,000 and
$4,000 at $50. The market closed at $50
$50.
Nothing was reported in City Scrip, which
is now quoted at 3S!@4O, 38I@39a..on Satur-
day.
There is nothing doing in metropolitan Po-
lice Warrants, which are still quoted at g
So.
Nothing TRANSFERRED in State Warrants. Old,
fundable, were still quoted at 80 and new
at SO.