The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-15
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Tuesday Evening, Sept. IA, 1876.
NEW ORLEANS CLEARINGHOUSE,

We have no falling off to notice in the de-
mand for discounts at the banks, which
readily accept all approved short paper. Or
the street the offerings were more liberal, re-
sultlng, as will be noticed from the report
below, in larger movement than usual A
slight advance in sterling followed the up
ward movement in gold at New York The
sales were light, however, and (for causes
noted below there was little or nothing
effected in New York sight.
Nothing is reported in Stocks or Securi-
We are glad to notice movement is on
foot to organize a New Orleans Board OF
Brokers. A meeting for this purpose will be
held at the Office of Townsend & Lyman, No.
1873 Gravier street. on Friday. the 18th inst,
at p M. Such an organization under
judicious management will be not only Of
great convenience to the parties directly in
terested, but also Of benefit to the public.
We continue to quote frst-class CONNER
cial paper and collateral loans at 899 7s
cent per annum discount. AL do at 10@12, and
cages rule at 90lO 7 cent per annum
We noticed a large negotiation Of four
months frst-class paper at y cent per
annum discount, and 800 600 irst-class mort
gage at 7P cent per annum.
Gold opened at 1l6@ll6s against 116s at
New York, and sitter q moderate business,
closed at 1164@116s against 1l6a in that
market The sales comprised $26, 1000, en-
bracing $4,000 at 116 $4,000 at 116t $4,000 at
116B@1164, $4,000 at 1854, $4,000 at ll6s, $4,000
at ll61 and $1,000 at ll6s.
No sales of Silver were reported. Owing to
the advance in gold at New York American
half-dollars were quoted at 1090110, J y
cent higher than yesterday, while Mexican
dollars continued to rule at 931994 gold.
Foreign Exchange opened at previous
rates, but owing to the advance in gold at
New York sterling rose $40 p cent, while
francs were unchanged. Tue sales of the
former were confined to $3.50, embracing
9350O bill Of lading at 5 54, $1,000 private
bankers at s. 56a and $1,000 bank at So.
The only sales Of francs reported were
sc, 900 commercial at SOL and $1,000 do at
At the close sterling bills were quoted at
5 54C15 Sc for bill of ladiDg and AL clear, and
nominal for bank, and francs at 4 SCI for
commercial, and nominal for bank.
The views of buyers and sellers of New
York sight were far apart, the former asking
~ cent discount and the latter Offering !.
The market closed unsettled with the quota
tons of commercial entirely nominal and
without any sales scarcely worthy or notice,
except $500 private bankers at 3-16 p
cent discount.
The banks checked on New York at -
cent premium, against 4@sc yesterday, and
commercial sight was quoted entirely NOM
inal.
There was an apparent lull in all classes Of
Securities to-day, no transactions being re-
ported.
Nothing transpired in Stocks indicating
any new feature worthy Of notice.
City Bonds are quiet, but steadily held at
previous rates.
New State Conso's are dull and lower, be-
ing quoted at 53l@54.
Metropolitan Police Warrants are still
quoted al 65@7O
Issues OF 1874 State Warrants are still quoted
at 55660 for large, and 60@65 tor small;
1873 and previous years, fundaole, at 35936,
and do, not fundable, at -(G29.