The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-10
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, Sept. 9, 1875.

The high rates for Gold reported by tn.
New York kilograms continue to be prom.
inent feature Of interest. The weekly state
ment Of the New York banks shows decrease
in specie of 1884 800 from the preceding
week. The Treasury transfers of Gold to
California were stated on Saturday to
amount to So SOL 900. As there is consider.
able demand from importers in New York at
this period for cash Gold for eustom-house
purposes, it is thought probable that oper-
ators have taken advantage Of the scarcity to
force up the price.
| In this market the demand is somewhat re-
stricted by the high rates, buyers evidently
| considering the advance only temporary, and
| being disposed to postpone purchasing as far
as practicable. The rates to- day were some
what below the New York quotations. Silver
also is in light supply. and continues firm I'M
der the demand for Texas
Money is in abundant supply at the banks,
which report moderate Offering for dis
count distributed among the various branches
OF trade; but the movement in cotton is not
yet sufficient to give any material impulse to
business.
Foreign Exchange continues scarce. As
we have heretofore remarked, the tendency of
exchange on New York is to 10 yer rates at
this period of the year, as shown by the
further decline noted below. We notice very
little demand to-day, some of the banks not
buying at ALL
In consequence of short business notes
being mostly taken by the banks, the offerings
on the street are chiefly confined to long paper,
which was offered freely to-day, and in some
cases less readily taken.
In Securities the market is dull and fat
Nothing is reported in Stocks, and only one
sale in State Bonds, which are reported weak.
We learn Of no City Boods being offered on
the market. About seven lights of those
held here are said to be subscribed to the
Premium Bonded scheme.
We continue to quote frst-class CONNER
cial paper and collateral loans at sag f9
cent per annum discount. Al do at 10@12, and
second grade at 15@1S. First-class mort
cages rule at 9@1O u cent per annum;
second grade are entirely nominal.
Gold opened at 1l5B@l15s against ISL at
closed at 1159@115s, against 115s in that
prising $1,000 at lis, $4,000, $4,000 and
$4,000 at 1154, $1,000 at 115s, and $1,000,
$1,000 and $1,000 at 1853.
Silver continues scarce and in demand for
Texas but without quotable variation. Amer
lean half dollars are still quoted at l08@109,
and Mexican dollars at 949@95 gold.
Foreign Exchange opened at previous rates, |
but owing to the subsequent falling off in |
bills at New York, was quoted at Ito f2 cent |
lower for sterling and ! for francs, and
closed at the decline, Notwithstanding the |
material improvement in gold after noon.
The sales of sterling reported were e25O0 bill
Of lading at 5.53@5. 53s, and $4,000 first class
at 81
We noticed more movement in francs; the
sales comprised $4,000 commercial at l. 56l, |
md q round amount of which the particulars
we're withheld.
At the close sterling bills were quoted at
J. 52@5.53 for bill Of lading and Al clear,
md nominal for bank, and francs at 4. SCI for
and nominal for bank.
Under the continuance Of liberal offerings
If Galveston and Mobile bills. and
demand, New York Sight exhibited
! further decline, the market closing nearly ]
p cent lower. The only sales repo ted were
$50. 900 bank at ! 79 cent premium, and
$50, 900 private bankers at 3-16.
The banks continue to check on New York
It 5p cent premium, while commercial sight
vas quoted at 10, against $40 yesterday.
All classes OF Securities are exceedingly
lull.
Nothing transpired in City Bonds, which
ontinue steady and firm at about previous
quotations. Ii
New State Bonds are quiet and weak. The
My sale reported was $4,000 at SO.
No sales of Metropolitan Police Warrants
,ere reported. They are still quoted at 60
go.
Nothing was reported in State Warrants.
ssues of 1874 were still quoted at 5000
II large. and 60965 for small; 1873 and pre- |
ious years, fund,ble, at 35@36, and do, not
1ndable, at ops.