New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-01

sacH 3"''"o outstanding Ste9,ooo
Issued to Mississlppi aua Mexiceh Gulf ship
Cana Company, under act No. Jig. approved
March s, 1869, of 8 1000 each, $500 600 out
standing; S220,001 funded. ............,.... 4a0
Issued to New Orleans, Mobile and Texas Rail
| road Company under act No. 26 of 1863,
Of $1,000 each. Whole issue opi,tandlnes. rs
.ssued to New Orleans Mobile and Texas Rail.
Of slcoO each. Whole issue out standing. $500
| Issued for the redemption of certificates Of
indebtedness under act No. 5 of 1856 of
Issued to Brqf and Crocodile Navigation Com.
pany, under act No. lI6 of 1869. Whole
lseue OUTSTANDING. ..s...............,..... so
, NOTE Bonds issued under act No. 81 of 1870 &,
North Louisiana and Texas Railroad Company had
preue Court relieving same of the injunction OBJ
tanned by the At tornev Camera when the supple
mental act No. IL OF 1873 CAUSED said issue to be
again Joined.
The premium bonded ordinance finally
passed the City Council unanimously yes
terday. The subscr ptions thus far exceed
$4,000 600, OF which four. ffths are held
here and the rest abroad. Among the sub
scr1beIs are some of the principal New Or
leans capitalists. corporate institutions and
agents of foreign oondholde g. The tax on
real and personal estate II carry out this
plan will only require the first year about
$500, 900, or 39c y 500, instead of lis "
cent. or 81 40 900 as al present levied The
city government. will therefore be enabled
to reduce taxation at least 2 cent.
The following dividends were declared
during the year by insurance comra 1ies,
viz:
The Sun Mutual Insurance Company.
after setting aside $4,000 10 the reserve
fund from the net Awnings of the year eud
ing December 81, 1874, a cash dividend OF
% T. cent CT the net earned participating
premiums. and 10 t. cent on the capital
stock; the Commercial Insurance Com
pany, for the year ending March 81. 1874,
10 T. cent op the capital stock of the COM
papy; the Merchants Mutual Insurance
COMPANY TOR the year ending May 81,
1875, 10 e cent on the capital stock: the
Crescent Mutual Insurance Company, for
the year ending April 30, 1875, after pay
ing the annual interest of 10 y cent on the
capital stock a cash dividend of 30 y cent
on participating premiums; the Factors
and Traders Insurance Company, for the
year ending April 80. 1875, 10 y cent on the
capital stock and - y cent to the stock
| holders on the neo earned participating pre-
| miums: the New Orleans Mutual Insurance
Association, for the year ending December
| 81. 1874. 10 q cent to the stockholders and
| cash dividend of u T cent on the net earned
| participating premiums; the Hbernia H.
| surance Company. for the year ending
April 3d. 1873, 10 II cent interest on paid in
capital, 5 T. cent dividend on same, 20 "
| cent dividend on ali premiums paid by
stockholders, and interest dividends as
| the Union Insurance Company, in the year
ending April 30, 1873, S. u share; the
| Home Insurance Company, fol- the year
ending December 81, 1874, y cent on the
capital stock; the Mechanics and Traders
Insurance Company. for the year ending
August 81, 1874. 10 + cent interest on the
paid in capital. T. cent dividend on the
| same, and is y cent dividend on the cared
| premiums. all OF which were placed to the
| credit OF STOCK notes; the New Orleans
| Insurance Company, . y cent on the CAPT
| tai stock, d ecember 81, 1874, and Y ceut
| on same. June 30, IL, 5; the Teutonia To-
surance Company, for the year ending Au-
| gust 81, 1874, ~ T. cent on the capital
stock, II T. Cen. on the net earned pre-
| niums, and , T. cent extra dividend on
capital stock; all placed to the credit OF
| stock notes.
| The Germanis National Bank declared
| dividend OF " T. cent on December %. and
~ T. cent on June 90; the State National
Bank T. cent June %; the Canal Bank y
| cent December 2S. and 4 T. cent June 2S;
the Louisiana National Bank y cent De
cember 81. and ) T cent June 30: the Hiber-
MIA National Bank T. cent December 81,
| 1874, and i t. cent June %, 1875; the Metro
politan Loan and Savings Bank G y cent
June 10; the Union National Bank a U cent
| June %; the Southern Bank T. cent
| February II, and y cent July 2; the
Louisiana Savings Bank and Safe De-
post Company y cent interest Ito
| savings Department. January |. and 3 T.
cent July |; the Workingmens Bank 3 y
| cent interest ITO savings Department. Jan
uary !, and 3 y cent July /; the Louisiana
| Savings Bank " cent interest ito savings
| department November |; the New Orleans
National Bank ) p cent December 90 and
| " cent June %: the Citizens Saving Bark
| e q cent per annum. interest to savings de-
partment, 10 It. cent dividend TO stockhold-
ers Decembe &c. and 10 u cent dividend
June 80; the Carrcllton Railroad Company
S T. cent June IS; the New Orleans City
Railroad Company 81 y share December
-, Sc Y share March 20 and So = share
June 80; the Crescent City Railroad Com
rapy 4 e cent March 10: the st. Charles
Street Railroad Company T. cent October
| 9. 3 e cent January &, 3 T. cent April and
T. cent July 10; the New Orleans Gaslight
Company 81 Y share December 10 and s.
tss hare July ); the Sugar Shed Company
) T. cent December IL and T. cent
February ii snd = cent April
10; the Louisiana State Lottery Company
II cent January and 10 Y cent July 5; the
Levee Steam Cotton Press SO y share March
Is; the Louisiana Oil Company 10 y cent
June 9, aud the New Orleans Wreckiug and
Salvage Company PIE p cent April 80.
ExcHASGE-The rates of foreign exchange
have been controlled by the course of CO.
nestle exchange and of gold and bills at
New York, which in their turn have been
affected by the fluctuations OF United States
bonds in London and the course of our for
eign trade. Upon the whole they have
shown less steadiness and a wider range,
the extremes being SIS % and s. 50, against
50 % and s. AZ last year, while the ex-
tremes of gold at New York were 1924 and
ll7l, representing , 10 y cent variation
in bile. against IA y cent in coin. Phi
yate billie, opening in September at S. 30 q
5 B.. against l09il gold at New York, and
4 T. cent premium for New York sight, de-
clined by the close of the month to s. 27lA
a } 2Sle, against l09l2 on gold. and par on
| New York sight. On October | the quota
tions were reduced to S. % y a 5 26le, wher,
under. a rise of l2 in gold, they were sud
denly raised to S. q a %, after which they
exhibited but few fluctuations, closing on
October 81 at s. y 70 as %. In sympathy
with the upward course of gold the market
then exhibited a marked and comparative
ly steady Improvement, closing on Novem-
Der 30 at s. 8. as 2sls, against lIla4
in gold, showing an advance of 2 LILO "
cent in bills, against ] u in gold. During
the first week in December the quotations
were reduced TO S. 80 a 81, with no cores
ponding change in gold, but soon recovered
and closed on December 81 at s. 1915 40.
This upward tendency continued through
ont January, when the market closed at
S. 1875 As and, after further rising to
s. 5ll as 80. receded by the close OF
February to s. ASIA as 50. In the mean
time gold had risen at New York to ll41s
ana continued its upward movement
throughout March. Our quotations for
sterling were gradually advanced to S. 81 la