The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-08
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Thursday Evening, Oct. 7, 1875.

steady demand for Money ia still reported at
most Of the banks, although the aggregate vol
ume of offeri gs perhaps not 80 large as during
some days Of last week. On the street the IN
quiry continues ,tive, but the market is not SO
strong to-day, requiring, however, no change in
our quotations. Considerable remittances OF
currency have been made to the interior for cot
ton purchases, and gathering and moving the
crop, and the commercial demand for Money has
been based upon the prospect OF a fairly remu-
nerative business.
The cotton movement, however, continues ac-
tive and while this continues there Can be little
ground for apprehendipg a heavy strain upon
the resources OF the banks. Cash gold is scarce,
and, under the local demand, is still quoted up
to, or above the New York market. A few trans
actions are reported in railroad and insurance
shares. In Bonds, we notice some movement in
New state Consols at steady prices, while the
sale OF city issues appear to have been confined
to few OF the new premium bonds.
We continue to quote collateral loans at l09 - Il
cent per month, first class commercial signatures
at 10gt4, AL 90 at 1140lLa, and second grade
at 11aa02. First class mortgages to rule at 10 u
cent per annum, while second grade are entirely
nominal
Did opened at 117111714, against III at
New York, and after limited business closed
at the opening rates in both markets, touching
1l6I during the interim at New York. The
sale summed up $50, eco, embracing $4,000 at Z,
$4,000, $4,000 and 10000 at HIS, and $1,000 and
$4,000 at 11714.
We notice less demand for Silver but the mar
ket is still quoted at 1l0G1ll0A for American
half dollars, and 931aG94, gold, fer Mexican dol
lars.
Sterling Exchange showed but little variation,
except at noon, when the market was little
stronger, while francs ruled nearly 4 u cent
| higher. The movement in the former was moder-
ate, prlsing $40 $40, embracing fl50O and
$4,000 bill of lading and $1,000 Al clear at 5.53l
| EOS 900 bill of ladiDg and 10000 do and AL clear
at 5.531a005.54, f15O0 bill OF lading and f20OO
Al clear at Ssh and flS00 bank at 55S.
| The only transaction reported IN francs was
| so 900 commercial at 1851.
| At the close sterling bills were quoted al
5.521a155 31ls for bill of lading and Al clear, and
5.5S for bank, an6 francs at 4.5854 for com.
mercial and nominal for bank.
The offerings of New York sight were Of liberia
extent, and met with fair demand at previous
rates, while some of the banks checked Is +
cent lower than yesterday
The sales of New York sight covered s1S0,000
embracing $4,000 and $4,000 commercial and
| 800 900 private bankers at 70 y cent discount
and $4,000 and s50,0C0 private bankers, aud
$50, 900 do and bank al 7-16. We also noticed q
sale Of $4,000 commercial on Providence at gle
| f3cent discount.
The banks checked on New York at 14011S f
cent discount, against Is yesterday, Whine COM
| mercial sight was still quoted at LaW7-16.
| In Stocks we noticed sales OF 5 shares New
Orleans Insurance Association at s2l, and some
| transactions in railroad shares, Of which the
particulars did not transpire.
The sale of Bonds included $500 City Premium
issues at SO, 5000 do at 35@33, $4,000 New State
Consols at 81. and $4,000 at 5S1s. Both city
issues and New State Oonsols continued steady
| and firm.
| Nothing transpired in Metropolitan Police
Warrants. They are still quoted at 65g70.
Nothing was reported IN State Warrants. Issues
of 1874 are still quoted at 6o@65 for large, and
65017O for small; for 1873 and previous years
fundable, at 35@36, and do, not fundable
| at -0l29