The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-02

The action Of the C0unc1 to-day, which
places city dues Of 1874 upon the same foot
ing a. Metropolitan Police Warrants as re-
CARDS payment for licenses, appears to have
affected all classes Of securities covered by
the ordinance. The Metropolitan Police
Warrants are quoted nominal under its infiu-
|ence. We learn that holders of the latter
win probably apply for an injunction 70 pre-
vent it, being carried out, should it receive
the sanction Of the Mayor. :,
We notice, also, that the premium bonded
fund plan IL 6nally approved and adopted
by the Council, and the Commissioners OF the
consolidated debt authorized to receive sub
scriptions Of bonds, or rather, proposals to
exchange old bonds for new up to the LIST OF
September, when the exchange Of bonds,
preparatory to the first allotment, will be
made, The prospect of receiving pro rata
Of interest at that time will probably be an
inducement to bond holders to become par
The petition Of Pablo Sala, subject Of
Spain, and others, holders Of Water Works
bonds, which was filed in the United States
Circuit Court yesterday, was the subject OF
some discussion on the street. The impress
sion seemed to be that the existence OF the
suit was not calculated to depress the rate Of
these bonds; as, should this issue Of bonds
by the city be declared null and void, and
the purchase of the Water Works be vacated,
the latter it was claimed would become the
property of the owners Of the bonds under
the title of the old Commercial Bank; and
should the validity of the issue be sustained,
the judicial Endorsement thus given would be
calculated to strengthen their claim upon the
confidence of investors.
We continue to quote first class commercial
paper at sos - cent per annum, Al at 100
IL, and second grade at 15@18.
Gold opened at 116@116f. against l!6f at
New York, and after moderate business,
closed at 116b@116s. against 1l6l in that
market. The sales summed up $43U UO EN-.
bracing $1,000 at 116, $4,000 at ll6b, $3OOo
and $4,000 at 1851, $4,000 at 1164@1l6S and
$4,000 at 116a.
No sales of Silver were reported. American
half dollars were still quoted at lO8(9lO9
and Mexican dollars at 96@964, gold.
In sympathy with the 10 advance in gold al
New York, Sterling was fully 2-1O cen'
higher, and francs ]. The sales OF Sterling
comprised e28, 600, embracing $4,000 AL cleal
at S. 63, el5OO do at $751; Ella, 900 do and bill
Of lading at 5. 63@5. 644, $4,000 bill Of ladine
at s. 64(65. GAL and $4,000 bank at 81.
In francs we noticed sales of 100, $50 ant
| 1870. 900 commercial at 447a.
| At the close Sterling bills were quoted a.
| s. 63(05. GAL for bill of lading and AL clear
and -@5.67 for bank, and francs at 447:
for commercial, and -@443a for bank.
New York Sight continues quiet, scarce ant
unchanged. The sales were confined t.
SIS, 900 commercial at ! p cent premium
and $4,000 and do. $50. 900 private bankers
at SIG.
The banks continued to check on New Yorl
at a cent premium, and commercial sigh
/ xyoO Ct111 Cuota6 of -(O5.l6.
| Not o single transaction was reported II
Stocks.
| City Bonds were panicky. New Currenc.
Seven Per Cents and City Gold Bearing wer
sold four points lower than yesterday, and q
the close the market was unsettled and nomi
nal for nearly all issues. The sales includes
$4,000 New Currency Seven Per Cents at q
$4,000 City Gold Bearing Seven Per Gents
27i, $4,000, $4,000 and SIC, 600 at %.
New State Consolidated Seven Per Cent
were dull and y cent lower than yesterday
No sales were reported.
Under the influence of liberal Offering
City Scrip of 1874 was rather weak at tn
opening, being quoted at 3S3@393, but afte
the passage of the ordinance making II e
ceivable for licenses, it rose fully p Ger
higher, subsequently it fell off shade an
closed q little unsettled, owing to the fat
that parties interested would apply in tn
morning for an injunction, restraining the cit
from receiving it for said purpose. The Dc
mand was good for payment Of back taxel
The sales included $4,000 at 394, $4,000 at 81.
$4,000 at 39a, and $1,000 at 40.
| Metropolitan Police Warrants were du
and nominal at -@65. No sales were r
ported
Nothing transpired in State Warrants. Wa
rants Of 1874 were quoted at 41@42, l8'
and previous years, fundable, at 37938. d.
not fundable, at 500, Legislative Per DIE
at 97(096.