The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-11
MONETARY.
OFFICE NEW ORLEANS BULLETIN.
Monday Evening, May 10, 1876.

Monday Evening. May 10, 1876.
NEW ORLEANS CLEARINGHOUSE.
x.us IT, GI sss ne j, g 5s1 me- !
may N.............. 1,273,097 S 95,004
Thus far this week. 2,372,s75 80 217,2O4 z
Same time last week. 3, Ill ,8A 81 45O,On y
Total last week. .... S5O5,523 Al 1,488051 9
fetal week before 49,. 7,103,793 81 976l9O g
With exception of slightly increased de
mand for Money reported at one OF two O
the principal banks to-day, the market pre-
sents no change of special interest. The
volume of business is insufficient to give en-
ploynent to the large surplus of currency on
deposit, and from present appearances il
would seem that this condition will probably
prevail throughout the summer.
Money is in little demand. Prime COM
mercial paper is in good request, but the
supply is scsnty and the offerings for dis
counts both at the banks and on the streets
are limited. The movement of supplies to
the interior continues light Planters are
making but few purchases, and orders from
country merchants appear to be chiefly for
small lots. The offerings Of factors notes
and acceptances are limited, it being too early
in the season to base transactions in any con-
siderable amount upon the growing CROP A
month hence q considerable increase in this
branch Of business msy be anticipated.
Foreign Exchange exhibited . slight de-
cline to-day, sympathising with the falling off
in the price / of gold. The movement in
Domestic was limited ct unchanged rates,
The Stock market continues inanimate and
somewhat depressed, with limited number
Of transactions reported and light invest
ment demand. There is in most cases q con-
siderable margin between the rates asked and
offered, both buyers and holders manifesting
an indisposition to make concessions. City
and State bonds are quoted about the same as
on Saturday, uncomfortable transactions be-
ing reported in both. .....F.
Metropolitan Police Warrants are quiet and
unchanged, their receivability in payment
for city licenses not being as yet q legal GER
tainty, as the time which must elspse before
the judgment respecting them becomes final
has not yet expired. In the meantime, they
have been rendered at the City Hall in pay
ment as above, but not received. It is un-
derstood that a petition for rehearing of the
cause is seriously considered. The matter
will probably be determined within a few
days, which will settle the status of these
issues in this respect Other securities are
rates. s.-sa
We continue to quote first-class sixty days
paper and collateral loans at 8@9 y cent per
annum; AL do at 10@12, and second grade at
15@18. First-class mortgages still rule at
SOLO 9p cent per annum, while second grade
are entirely nominal
Gold opened at 115s@115s. against 115s at
New York, and after q fair business closed
at the opening rates, against 115t in that
market, where it touched 1l5a during the
interim. The sales summed up $97, COO EN-.
bracing $4,000 and SIS. 600 at 1854. $4,000 and
SIC, 0N at 115s, $4,000 ct 1155@115i, and
&A000 and Sl0 nm az 11E3
No sales of Silver were reported. American
half dollars were still quoted at 1OS@1O8k,
and Mexican dollars at 96@965, gold.
Under the influence of the decline in gold
at New York, Sterling gave way ITO ~ cent
and francs nearly l. The movement in Ster- |
ling was quite limited, being confined to
ELS, 500, embracing $4,000 bill of lading at
5. 62a@5.63, ELI, 900 do. and AL clear at |
s. 62t@5.63, and f5O0 and elOOO bank at
s. 645.
The sales Of francs included 300, 900 com
mercial at =, and Is, 900 private bankers and
%, 900 bank at 545.
At the close sterling bills were quoted at
5.6l9@562a for bill Of ladiDg and Al clear,
and 564 o. for bank, and francs at 4 49, for |
and As for bank
The offerings of Domestic Exchange con-
sinued limited, and meet moderate demand
It previous rates. The sales of New York
sight comprise $125.000 embracing $40, 600
ind $50, 900 commercial and $25, 900 and $50,
700 private bankers at 5-16 We also noticed
,ales of $4,000 thirty days sight on New
York at 7p cent discount, and $4,000 sight
IN Providence at par.
The banks continue to check on New York
It 9p cent premium, and commercial sight
vas still quoted at -M5-16.
Stocks continued dull The only transact
ion reported was Is shares Vallette Dry
Dock Company at $23 so. We heard, on
rood authority, that in accordance with the
notice of the Now Orleans Gas Light Com
,any, 70 shares new were sold to-day ct
Ills 12t@117, and 125 old at $l25 25@126
8. We applied to the Office for official in
ormation, which being positively refused, we
i've the report as we received it.
City and State Bonds were rather dull
nd without quotable variation from yester-
lays figures. The only sales reported were
5000 and $4,000 City Gold Bearing Seven
Fer Cents at 354.
No transactions were reported in City
Grip. 1t was still quoted at 1904.
No sales were reported in Metropolitan Po- ,
ice Warrants. They were still quoted nomi-
al at 60@65.
Nothing transpired in State Warrants War
ants of 1874 were still quoted at 4OG4l, 1873 ,
nd previous years, fundable, at 36@37, do ,
ct tundable, at 30@3O, and Legislative Per
)iem at 96@97. II
COMMERCIAL. /