The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-29
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Wednesday Evening, July %, 1875.

We notice slight increase in the offerings
at some of the banks, and in some quarters an
improvement in the demand for money on
the street. The movement, however, is very
moderate, and the market presents no ma.
| terial change.
ssAs will be seen from our report below, Gold
kfuctuated considerably during the day, but
steadied towards the close.
Nothing was doing in foreign exchange.
Independently of the scarcity of bills, the
movement was interrupted by the unsteadi-
ness Of gold, and might also be naturally af-
fected by the apprehension of Interior re-
suits from Duncan, Sherman & Co.'S sus-
pension.
3Rumers were current upon the street to-day
Of the failure of large warehouse company in
New York. doing heavy business in Havana
and other West India sugars and coffee, which,
it was alleged, had affected the New York
market. Drafts on this company to q con-
siderably amount, recently sent hence to
New York for collection or discount, were
taken up by tie company before maturity.
Stocks were stagnant, and no sales of City
Bonds were reported. New State Consols
q slight advance.
We continue to quote frst-class CONNER
cial paper and collateral loans at 8t99 79 cent
per annum discount, AL do at 109l2 and
second grade ut 15@l8. First class mortgages
still rule at 9@1O 59 cent per annum, while
second grade are entirely nominal
Gold opened at 1l3a@114l against 113l at
New York, and, after limited business.
closed at 113@ll34, against 1I3t in that mar
ket, where it touched 114s during the interim.
The sales we're confined to $1,000, compris-
ing $4,000 at 1l3A $1,000 at ia, $1,000 at
1l4a and $1,000 at lis.
r. til
decline in lgold at New York, American half
1c5, against 1O5@lO6 yesterday. Mexican
dollars continue to rule at 93@934 gold.
Under the fluctuations in gold at New
York, Sterling Exchange was unsettled, and
quoted nomin al at the close 10 p cent lower,
owing to the falling off in gold at New York
from yesterday of &c. The market was ap-
parently without any movement, not single
transaction being reported.
Owing to their being more in request
francs were not as much affected by the duc-
tuations in gold, but nevertheless were quoted
I p cent lower. No transactions were re-
ported.
At the close Sterling bills were quoted
nominal at SAT for bill of lading and Al clear,
and nominal for bank, and francs nominal at
l. 65@463a for commercial and nominal for
bank.
There is scarcely any thing doing in New
York sight Rates are unchanged, and the
banks continue to ship currency to meet their
limited counter demand. The only sale re-
ported was $4,000 private bankers at u
cent premium.
Nothing was reported in Stocks.
City Bonds are dull and weak, and quota
tons are nominal Not . single transaction
was reported.
New State Consolidated Seven Per Cents
showed more animation. The sales comprised
S61, 900, embracing $1,000 at So, sac, 600 at
534, and $4,000 and $40. 900 at 531. At the
close 534 was offered, but no further transac-
tons were reported.
Nothing was reported in City Scrip. 1t is
still quoted nominal at 5000.
Metropolitan Police Warrants are quiet
No salesare reported. They are still quoted
at 65@6S
State Warrants are apparently without any
Issues of 1a74 were still quoted at
4O(945, 1873 and previous years, fundable, at
35636, and do, not fundable, at -929.