The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-20
NEW ORLEANS CLEARINGHOUSE.

Due distant banks and bankers. -. l,1S4 679 80
Other cash liabilities ............ 49,, Has n
Local bank checks returned next
morning ............
166l560S 48
Increase. Decrease.
Circulation. .............. $4o,UOU
currency. ......."......... ::ccc soo',ooo
Deposits .................. ...... 1870 900
The general market being extremely dull,
and public attention being to considerable
extent directed to the Regatta, the Money
market was with scarcely any movement. We
noticed, nevertheless, fair demand for dis
counts at one or two of the principal banks,
but scarcely any at the rest. Good business
paper is readily accepted. The offerings in
the street are limited, particularly uneXcep-
tionable collateral loans and first class COM
mercial paper, both of which are in good re-
quest and easily negotiated at our quotations.
In sympathy with the decline in Gold at
New York, Foreign Exchange fell off 2-10 u
cent for sterling and ! for francs, but owing
to the stagnation in Cotton the market was
nearly at stands still. New York sight is
without any apparent movement, and the
banks prefer renting money at
shade less cost than to take the
limited offerings at the ruling rates. The
few sales of Stocks reported indicate no
dull and without quotable variation. New
State Consolidated Seven Per Cents were
more animated and sold at an advance of J
79 cent with q continual upward tendency,
but the demand is only slightly in excess of
the moderate supply.
The advance was attributed by some au-
thorities to the expected adjournment of the
Funding Board until October, preventing any
immediate increase in the supply. We learn
that considerable dissatisfaction is expressed
at the delay of the Supreme Court in acting
on the case relating to certain old issues held
abroad, particularly as its decision is reported
to have been promised at an early day of the
present session. We also hear that some ap-
prehensions are expressed that should the
Court defer the matter to another session,
that the New State Consols will be injuriously
affected abroad, causing rehux to this mar
ket
We hear of nothing doing in City Scrip, the
quotations of which are entirely nominal.
There is also very little doing in Metropoli-
tan Police Warrants, which continue to be
held in few hands, and command 6S when in
demand, but are only quoted at 65 when
pressed on the market
State Warrants are apparently without any
movement, and are quoted nominal at pre-
vious rates.
We continue to quote frst-class CONNER
cial paper at S69 79 cent per annum discount,
AL do at 10012, and second grade at 1511S.
First class mortgages still rule at 9@lO q
cent per annum, while second grade are en-
tirely nominal
Gold opened at 1144@1453, against 114I at
New York, and after a limited business
closed at 1l4@114I Ga decline of ic from yes
terday), against ia in that market. The sales
were confined to S22, 900, comprising $1,000
OF of
114s, $1,000 at 114I@1l43, and $4,000 and
No sales of Silver were reported American
half dollars were still quoted at 1074@ 1851,
and Mexican dollars at 93@93l gold.
Foreign Exchange opened at previous rates,
but under the subsequent decline in gold at
New York, fell off 2-l0 per cent for Sterling
and for francs. The only sale reported in
sterling was $500 AL clear at 5 55.
No sales of francs were reported
at the close sterling was quoted at $500
s. SO for bill Of lading and AL clear, and nomi-
nal for bank, and francs at 4.58$ for COM
mercial and T. SO for bank.
New York sight Is scarce and in limited de-
mand, with no variation in rates. Not a
single transaction was reported.
The banks continued to check on New
York at ( p cent premium, and commercial
sight is sllll quoted at 5-l6.
In Stocks we noticed sales of 80 shares st.
Charles Street Railroad Company, of which
the price was withheld.
City Bonds are still quoted at SO for New
Currency Seven Per Cents, 33l@33a for City
Gold Bearing Seven Per Gents of the Drain
age Series. and 34l@344 for do. Administra-
ton Series. No sales were reported.
The sales of New State Consolidated Seven
Per Cents included $4,000 and $4,000 at SO and
$4,000 at 53I. They closed about 534.
City Scrip is dull nominal at $50.
No transactions were reported.
Nothing transpired in Metropolitan Police
Warrants They continue to rule at 65C16S.
Nothing was reported in State Warrants.
Issues of 1874 were still quoted at 43945 for
large, and OF orsmall; 1878 and previous
years, fundabIe, at 35936, and do, not fund
able, at -929.