The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-29
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Friday Evening, May %, 1870.
NEW ORLEANS CLEARINGHOUSE.

The comparatively active demand for Money
which was noticed yesterday and in the earlier
part Of the week was again perceptlble to-
day and appeared to be more general. The
inquiry appeared to come from various mer-
camille sources rather thansfrom any particu-
lar branch of trade, and, it is hoped, indi-
Gates the development of better feeling and
some improvement in general business.
The sales of Gold we're limited at slight
advance upon yesterdays rates. The move
| ment in Foreign and Domestic Exchange was
also limited, with quotations shade higher.
| The Stock market continues dull and unin-
teresting. The few transactions reported are
| uncomfortable. There is nothing, however,
| to indicate any material change from our pre-
| vious quotations. The demand appears to
| have fallen off, while holders are not disposed
! to invite transactions upon the basis of lower
| figures.
| No transactions are reported in city Bonds,
but most issues are dull and dropping. A few
| sales of new State Consols show slight decline
| upon Yesterdays rates. There is striking
similarity Just now in the situations of the last
mentioned securities. Considerable portions
of the bonds of both the city and State are in
volved in litigation, the value of issues to a
large amount being questioned. In what e1-
tent this litigation may be calculated to affect
the securities involved it is not our province
to determine.
| But the existence of these suits ct least
| tends to discourage any active movement for
| the present Metropolitan Warrants are
quoted ] az points lower than yesterday, which
is attributed by some to a belief that city
time will be declared receivable for payment
for licenses at the next meeting OF the Coun-
Gil. Other securities are reported unchanged
We continue to quote frst-class sixty-days
paper on collateral loans at sos % cent per
annum; AL do at 1O@12, and second grade
at 15@1S First-class mortgages still rule at
9M1O 49 cent per annum, while second grade
are entirely nominal
Gold opened at 1155@116B. against 1165 at
New York. and after a moderate business
closed at 1l6@1164, against 1l6l in that mar
ket The sales summed up $37 1000, embrace
ing $1,000 at 1l5E. $4,000 at 116, $25 900 at
116@116I. and $1,000 and $1,000 at ll65
No sales of Silver were reported. American
half dollars were still quoted at l08@lO9,
and Mexican dollars at 96@964, gold.
Under the influence of the advance OF gold
at New York Sterling was Ito ~ cent higher
and francs nearly l. The sales of Sterling
were confined to e15, 900, embracing $1,000
bill of lading at 562, $1,000 do at S. 62I, 91OOO,
$4,000 and $4,000 do at 5.63, and e2UOO bank
at S 66.
The only transaction reported in francs was
100, 900 commercial at 44Sa@4474.
At the close Sterling bills were quoted at
5. 625@5 63} for bill of lading and Al clear,
and -@5. &c for bank, and francs at 4.4Sa@
447b for commercial, and 4 45@- for bank.
The offerings of New York sight were i'm
tied, and with moderate demand rates were
unchanged The sales were confined to S7O,-
900, moracng 80, 600 commercial and S15, OCO
and S25, 900 private bankers at SIG 1p cent
premium.
The banks continue to check on New York
lot c0mmarc1aI GlOlt
was still quoted at-95-16.
We notice but little animation in Stocks.
The only sales reported were 80 shares Canal
Bank at 1914 so, 40 do at sos, and = New
Orleans City Railroad Company at S143 SO.
No sales of City Bonds we're reported. They
are ec'ining and are quoted considerably
lower, as will be seen in our Stock list below
State Consolidated Seven Per Gents were
dull and weaker. The sales included $4,000
and $50, 900 at ISL
, Metropolitan Police Warrants were less in
demand, and quoted about y. 1@2 points
lower than yesterday. No sales were re-
ported.
Nothing TRANSFERRED in State! Warrants. War
, rants Of 1874 were quoted at 41@42, 1879
and previous years, fundable, at 37l930 do,
not fundable, at 800, Legislative Per Diem
at 97@9s.
City Scrip continued irregular. The sales
included $4,000 and $4,000 1874 time at 80.
We quote Time and School Certificates Of
follows:
TIME CERTIFICATES OF 1873:
August to December :..39 O.
TINE CERTIFICATES OF 1874:
*May. Observation-Disclosures. rs 600
sJune 40 @e60
{ July to December ...................39 O.
, SCHOOL CERTIFICATES OF 1878:
| December. 0V Woo
August. . $1,000 - - s5@9(
September 65@7(
t October. ........... 40@4;
!, November. ..... $50
|