The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-24
MONETARY.
CyFIOE NEW ORLEANS BULLETIN,
Tuesday Evening. Feb. %. 1875.
LEW ORLEANS oI.EARING.HOUal

February 20 .-......-. 81 ,255, s62 o. $780, 36 Ii
February 22...... ... Legal holiday.
february 23........... ], 463. $40 81 1G3O74 80
Thus far this week 50, 729,472 So 3l351o IS
Same time last week.. S,l36,3l7 45 69i, AS 80
Total last week - Oh 1851 Al l. 19l 965 Is
Total week before. IL, 49, 1872 IS S68 422 81
We have no new feature to notice in the
money market. The offerings are Of moderate
-xtent at the banks and limited on the street.
and the f " transactions reported in CONNER
3ial paper are at previous rates. We continue
to quote: lrst- class paper and collateral loans
for SO days at sag e cent per annum; Al do
at 1Om II, and second grade at l5W IS. The
few transactions III mortgages are in tirst-class
At ga 10 r cent per annum. Other grades
are apparently without any movement.
We learn that the committee appointed by
the City Council, on funding the city debt
etc. reported to-day in favor of selling the
city property, or placing it in charge of an
association OF bondholder5 to administer it 50
IS to realize the accruing interest on the
bonds, and by thus relieving the city, enable
it to reduce taxation.
Gold opened at 114301145, against ia
at New York and after a moderate business
closed at 1l44n1 la, against la in that
market.
The sales summed up 5000, embracing
$1,000 at H., $1,000 at ia . lG, $1,000
1000 and SD, 900 at 49,, and $1,000 at
sl45ml111i.
No sales of Silver were reported. American
half dollars were Still quoted at 1910 lO7l
ana Mexican dollars at 81, gold
Owing to the decline IN bills at New York
and notwithstanding the advance in gold in
that market, commercial Sterling, compared
with Saturday, was ITO r cent lower, while
bank exhibited no variation. The movement
was of liberal extent, amounting to e6800D
comprising $4,000 bill Of lading at 5.495
$4,000 do at $780, so, e2S, 900 do at 30 "a
80. $1,000 do and ei000 Al clear at ) 30,
.G2D. 900 do at 550Go}J. j0l, $4,000 bank at
J.52J and el000 do SIGHT at 5.l7
Francs were also lower for commercial, Of
which but the only sale reported was -, 600
At i.57j.
At the close sterling bills were quoted at
.1.49Gtl5 so for bill Of ladng and Al clear, and
u ) 53J for bank, and francs at lbs Ia
!, as for commercial, and 4.53I tor bank.
The offerings of domestic exchange We're
Of quite liberal extent, and with good de-
Inand commercial was shade higher. The
sales of New York sight covered S5l9, Coo,
embracing 500, 600 commercial and SO 900
and $4,000 private bankers at par, $50, 900
and 500 900 commercial. and $40 900 and
$50, 0O0 private bankers at 1872 r cent pre-
MUM, aud 100000 private bankers and
500, 900 bank at l-lG.
The banks continued to check on New York
At r cent premium, while commercial sight
was quoted at paTCG-, against par on Satur-
lay.
We noticed quite an active movement in
stocks. The sales included % shares DIu-
tual National Bank at S37 p, Crescent Alu-
tual Insurance Company at SOB, 20 State Mu-
.ual Bank at SOB, 5 and ) Factors and Traders
Insurance Company at $780, - do. at $50 30
20 New Orleans Gas Light Company at S12i,
20 do. at 1925, and 1G New Orleans City Rail
road Company at Sis SO.
In Bonds we noticed sales Of $4,000 new
State consolidated Z per cents at A, $1,000 do.
at AL, $1,000 $1,000 and $1,000 do at A., and
$1,000 city gold bearing per cents at 81
No sales of City Appropriation Certificates
were reported; they are still quoted at ado.
Nothing TRANSFERRED in Metropolitan Police
Warrants they were quoted nominal at 80
<175
No sales Of State Warrants were reported
old are still quoted about 5000, and new at
about 5t(@55.