The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-15
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Wednesday Evening, July II, 1875.
NEW ORLEANS CLEARINGHOUSE.

Some of the principal banking institutions
continued to report good demand to-day for
discounts, resulting in a fair amount of bust
ness. Generally, however, the movement was
moderate. On the street scarcely anything
was doing Commercial paper was in good
demand. but the offerings were light. Gold
declined in correspondence with the falling off
transactions, mostly on private terms. New
State ConsOls were frmer, and held at q slight
advance.
A slightly better feeling was noticed in City
Bonds in connection with the proposed par
tial payment of the interest. The feeling is
not settled, however, as opinion has not yet
taken decided shape with regard to the full
force and meaning of the ordinance passed
yesterday contemplating a payment of so
per cent upon certain past due coupons, or
as to the effect of compliance or non-com-
pliance with the terms it proposes.
We continue to quote frst-class CONNER
cial paper and collateral loans at 899 % cent
per annum discount, AL do at 10012, and
second grade at 15@18 First.class mortgages
still rule at 900 p cent per annum, while
second grade are entirely nominal.
Gold opened at 115l@115a, against 115s at
New York, and after limited business
closed at 1143@1154 &c lower than yesterday
against 114$ IN that market. The sales sum-
med up SIS, 900, embracing $1,000 at 1145,
$1,000 at 1l5, $4,000 and $4,000 ate1154. $1,000
atAll5s, $1,000 at 115s, and $1,000 at 115a.
No sales OF Silver were reported. American
half dollars were still quoted at 1O71@108,
and Mexican dollars at 93@93i gold.
Under the material decline in Gold at New
York and a limited demand, Foreign Ex-
change was unsettled, and showed net de-
cline at the close Of p cent for sterling and
for francs.
The only sales Of Sterling reported were
$1,000 Al clear, late, at 5.55, and $500 do,
early, at 5 50.
Nothing was reported in francs.
at the close sterling bills were quoted
at 5.55M557 for commercial and nominal
for bank, and francs at 55@4 534 for COM
mercial, and so for bank.
There was scarcely any movement in New
York sight, and rates were unchanged. The
limited counter demand at the banks is most
ly supplied with currency. The only sale re-
ported was S25, 900 commercial at 9-32 59 cent
premium.
The banks continued to check on New
York at { fs cent premium, and commercial
sight is still quoted at -@5-16.
In Stocks we noticed sale of % shares st.
Charles Street Railroad Company, with divi-
dend, at SIT, and, within few days, not be-
fore reported, several sales of bank and insur-
ance shares of which the particulars were
withheld.
There was apparently better feeling in
those City Bonds on which the partial interest
is proposed to be paid, but no transactions
were reported on which to base quotations.
City Gold Bearing Seven Per Cents of the
Administration Series may be quoted at "a
and Of the Drainage Series at 33I; other is
sues are entirely nominal. 80
New State Consolidated Seven Per Cents
were in better request, and were shade
higher. The sales included $40, 900 at 500,
and $4,000 at 81, at which they closed.
In City Scrip we noticed sale of mixed
lot 5000. Issues of 1874 are still quoted at
3S@39.
Metropolitan Police Warrants are in few
hands, and when sought after are held at 68,
but when pressed on the market command
only SIS. No sales were reported.
No sales of State Warrants were reported.
Issues of 1874 were quoted at 40 for large and
AZ for small, while issues of 1873 and previous
years, fundable, were still quoted at 35GY36,
and do. not fundable at -029.