The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-16
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Tuesday Evening, June Is, 1876.

We have no marked change to notice IN
the Money market to-day, but the demand
for discounts was perhaps less active and the
movement of only moderate extent. Opera
tions in Gold and Domestic Exchange were
moderate and generally at unchanged rates.
willing to press the market, and there is al
most an entire absence Of demand except for
leading shares. New State Consols were
quiet, but quoted shade higher at the close
Quite an active movement was developed in
City Bonds, which showed considerable ad-
vance. having almost if not entirely recovered
the figures OF last Friday. We learn that ct
the City Hall to-day the ordinance for the
lease of the Water Works was passed. This,
if carried out, will have the effect OF retiring
several millions Of city indebtedness within
fifteen months from the date OF the first pay
ment. It is perhaps worthy of notice that
the rise in State Bonds was almost simulta-
neous with the announcement of the with
drawal of opposition by the Louisiana State
Lottery Company.
We continue to quote first class sixty
DAYS paper and1collateral loans at 500 Tcent
per annum, Al do. at 10@12, and second
Grade at 15(618. First-class mortgages still
rule at 9(91O % cent per annum, while
second grade are entirely nominal.
Gold opened at l16s@1l6s. against 1i63 at
New York, and, after limited business,
closed at the opening rates in both markets,
$1,000 at 116s, $4,000 and $1,000 at ll6s,
and $4,000 and $4,000 at 1l65.
No sales Of Silver were reported. American
half dollars were still quoted at 1OS3(9lO9,
and Mexican dollars at -@96, gold.
Foreign Exchange was without quotable
variation. The movement was limited The
sales Of Sterling were confined to sl5, zoo.
embracing GlOO0 bill of lading at 5. 66a. G5OOO
do at 5.66a@567, $4,000 do and 9l2OO and
$4,000 Al clear at 5.67, and $1,000 and f25OO
The only sale of francs reported was 1Oo,-
AZ the close Sterling bills were quoted at
< 66lM5. 671 for bill OF lading and AL clear,
and OO5. 70 for bank, and francs at 48f (9
4 Ak for commercial and --@4 Al for bank.
domestic Exchange was without any move.
ment worthy Of notice. The offerings and
the demand were both limited. No sales
we're reported.
a. 10 cent premium, and commercial sigh
was still quoted at Gable.
stocks we're without any apparent move
ment
Citv Bonds were in better demand ano
HIGHER, being quoted fully cent ABOVE
yesterdays closing figures LOT uolo Cealint
Seven Per Cents and New currency sewers ems
The sales of the former compnsed s sloon y
emhracino $4,000 at IS, $1,000 at 35t, S5OOO
asa. and $4,000 at So; and of the latter ST., IVY
embracing $4,000 at 32!, $4,000 at 32A, s4oO(
and $4,000 at SO, and $4,000 at s3a.
i New State Consolidated Seven Per Cent
were also in better request and ! cen
higher. The sales included $4,000 and STUN
at 55.
City Scrip was quoted at 5000. No sale
were reported.
!, Metropolitan Police Warrants continue en-
tirely nominal.
i No sales of State Warrants we're reported
/ Warrants of 1874 were quoted at 40942; 1877
and previous years, fundable, at 36(937, ant
i do not fundable at -(a30.