New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-12-21
MONETARY AND COMMERCIAL.
MONETARY.

MONDAY EVENING, December 20, 1875
The opinion of Judge Woods, delive red to day in
the United States Circuit Court in the case OF lie
Maenhaut heirs against the city eft a.. upon a mo-
tion by the compliments for preliminary mi unc.
ton and for receiver, will be found in another
column and will be read with general interest. 1t
will be seen that the cOul t decides that much
provides for the manner in which the tax to pay
the consolidat bonds is to be collected, and the
safeguards ior it's levy and collection, is a con.
exact Ito substantial performance The money
specially collected to pay this int. est 10 declared
TO be the fruits Of contract between the city and
the State and the b0ndholders, held by the city
in tiduciary capacity, and subject to the trust to
apply the funds to the object for which they were
COLLECTED, The Judge considers the and. In dan
that the injunction issue to fesirain the defend.
ants from such diversion, permitting the com
case of further default. This decision, however
does not apply to those holders Of the old conso
dates bonds Who consented to the Germs Of the
snainly to the discussion Of the above points, as
the only issues PFC sented in the melton.
George w. Dunbar J. J. Reiss A. Socola, N. Berwin
The New orleans City Railro ; AEON Company elected
the following board OF directors B. Biscoe, j. W.
Burbridse, j. L. Densrest, H. aalz, G. B. Heci P.
0Blien, Thomas sinme, J. H. stsuier, +. wintz.
The market was quiet and without material
change. The demand at the banks was moderate
and on the street offerings were limited and money
easy. Gold and foreign exchange we're lower,
VIII e New York sight was in better demand at
higher rates
New State console and city bonds were quiet. the
former quoted at a decline.
p cent v annum; al DO at loall, and second grade
at l50l8 Fist class mortgages still rule at 9alO
y cent y snnum; second grade are entirely nomi.
NEW ORLEANS CLEARING HOUSE.
Psssnsss T. esss sss i
Thus far this week. ... s4,1ss SIG 81 s5O3 385 II
Total last week 355, 7s 20 1855 325 Ell
Total week before 3,325, 374 Sc l,233O8s Is
Gold opened at llss 0llah, against lls* at New
iIss SIiss nc lower than on Saturday, against
liSS in that market where it tou' he'd ll3a during
aSe Il sass ss % " g 80
- ll3hi 5000 at ll3s. $1,000 at ll3ss 0li3a and
No sales Of Glyer were reported. American half
do,lars were still quoted at lOsollO, and Mexican
equal to about 4-iO y cent. and Of u p cent isr
The sales Of the former comprssd rs &C., % en- n
braeng $1,000 Al clear and 2lo.Ooo bill Of lading
e g a. a s s e ssd sss DO g. ana a.
clear at $5 46, and 9leoo bank at Is So
"
4.6l Z. and 100000 at 46la 646Oss
At the close sterling bills were quoted at e5 "A
U5 IS fer hill Of lAding and Al clear and %
S5 40 for bank counter rate -Oo5 496) and
NAL for bank.
The offerings Of New York sight were of fair ex.
tent, but meeting with Q good demand, closed
nearly y v cent higher for commercial The sales
cS%p.,sesd Ssss CO., sYSsscinS sas ooo CONNER;
private bankers ct " y cent discount, $1,000
and u 900 private bankers at 1882, ard 5000
and Is, 900 commercial and SO coo and 8 100 600
private bankers ut 7-l6.
The banks continued to check ON New York ct
v cent dieo0unt. while commercial sight was
quoted ct 7l60 u, against u on Saturday.
The only les Of stOcks reported were % shares
Peoples Bark at go so, and 80 Factors and
TT nnss r. IN iSsqrsn.s Company e go %
to the decision mentioned above. and COT fict.
ing views Of iss tenor, eity hsnds were unsettled
and nominal. The only ssle reported was $1,000
city gold bearing seven per cents ut 27A.
New state consols were dull and lower being
quoted ct the close ct 44G55k. egAir.t -d55S
oa Saturday. The sales comprised Sl2,O 900 ct S.
10 900 at w; $4,000 at IS H. and 5000 1t ssh.
Owing to erbetter demand, city scrip ives higher,
being quoted 81 4704e for August 10 December,
md part Of May. 1874, continued 10 rule 1t 50a52
10 salsa ysys rspoEted. - 49, - :"
Metropolitan Police warrants continued to rule
It 63065 for 187373 issuea ard ct 751B f0y ls737l
while la7l-72 and issses were still quoted entirely
Old state warrssss, fOaassss, were sthil qnot.d
7 n9!a; do nos fundsble at "a. and t0045 |
no EsL1 r->>>-XIs EEsu.rysi