The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-18
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Friday Evening, Dec. II, 1875.

| The market during the week has been generally
quiet and for the past two days the falling off in
| the demand for discounts has been very notice.
able. On the street Money is easy and rates are
lower but there seems to be little inquiry. AL
collateral loans are scarce and easily placed at
the quotations given below. God has ruled gen.
orally below the New York market, but was some
what stronger to-day. Foreign Exchange con-
tinues in liberal supply at steady rates.
New York sight is freely offered under the
active movement in cotton, and during the week
the rate of discount has been steadily maintained
| at an almost uniform figure.
State Bonds, which have been fairly active until
yesterday, were quiet and lower to-day.
City Bonds have been stagnant for some time,
pending the result of the preliminary argument
in the case of the holders Of the old Consols
| against the city. Although the decision of Judge
Woods is not yet announced, the progress OF the
| cause 30 far appears to have given stimulus to
City Bonds OF later issues, which quoted
higher.
We now quote exceptional paper at GO f8
cent per aphurn, AL do I0g11, and second
grade at l5@1s First-clas mortgages continue
to rule at 500 % cent per annum second
grade are entirely nominal.
Gold opened at 1135G9114, against 1142s at
New York, aud after moderate business, closed
at 1857 @l14, against 1l41s in THAI market. The
sales summed up $4,000, embracing $780, 900 at
1875, $4,000 at il334, $4,000 at 1877, s25 900 at
1l334@l151., and $1,000 and $4,000 at ia.
No sales OF Silver were reported. American
Mexican dollars at 95 gold.
The de line in gold at New York being coun-
teracted by good demand, Foreign Exchange
ruled at about previous rates. The movement
was of quite liberal extent.
The sales OF Sterling comprised f103 400, en-
bracing $4,000 bill of lading at SAT, f2400 do at
5.4SS5.4Slaa, f1500, $4,000, and G10, 900 bill Of
lading at 5.z86c5.4S11&&, fl5,OO0 and 100000 do
and $1,000 do at 5.4S1aG5.49, and f25OO Al clear
at $40. s.
The sales of francs amounted to $4,000 COM
mercial, embracing $4,000 and $4,000 at 4 Co.
100000 and $4,000 at 4.60@4 $50, and 49,, 900
at 4.5925G45824.
At the close sterling bills were quoted at
5.4715695 1917 for bill of lading and AL clear
and -95.5lLa for bank (bank counter rate at
-@5.52), and francs at 460045634 for COM
mercal and nominal for bank.
The offerings of New York sight were of fair
extent, but the demand was not quite as strong
as Yesterday and rates were unchanged.
The sales comprised s245 000 embracing 800,
OOO - 000 and 600 commercial, ana S25 900
and $50, 900 private bankers and $4,000, $50 900
and $50 900 bank at u, and So, 600 bank at 7-l6
The banks continued to check on New York at
"a ID cent discount, and commercial sight was
still quoted at
We notice a fair movement in Stocks, but the
onl sale reported was 80 shares Citizenss' Bank
at $50.
City Bonds were in better demand, and were
quoted higher f r nearly all issues except Old
Cons olidated Six Per Cents. We heard OF large
sales Of City Gold Bearing Seven Per Cents, but
the particulars did not transplre.
New state Consols were quiet and about a e (
cent lower. The only sale reported was SIC, OOO
al 561S.
No sales Of City Scrip, Metropolitan Police