The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-18
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Wednesday Evening. Nov. II, 1875.
HEW ORIEANa uI,EAAINc- HOuSh.

The banks reported a steady demand for
money, while on the street the inquiry WAS
rather light, and good commercial paper in re-
quest at quoted rates. Cash Gold continued
scarce and higher than at New Nork. The
movement in Foreign and Domestic Exchange
| was rather light, considering the heavy sales of
cotton for the past two days. A few transactions
in Bonds and Stocks were effected, with no mate
rial change in quotations..
The Louisiana National Bank and the city have
taken rules to dissolve the writ of sequestration
obtained yesterday by the Southern Bank on
the grounds, mainly, that no such process can
issue in such case, and that no showing Is made
by the plaintiff in justification OF the prayer for
| that relief. The Southern Bank, on the other
! hand, has taken a rule requiring the Louisiana
National Bank to show cause why writ of dis
triDgas should not issue to distran all the prop
erty OF said bai k until it shall comply with the
writ of sequestration. The rules in both cases
| are returnable on Friday, and the arguments
will probably develop interesting questions with
regard to city finances and the operation of the
National Banking act.
class commercial signatures at 10012 u cent per
annum discount; AL do at 1@14 u cent per
month, and second grade at 1A0-. First class
mortgages continue to rule at III y cent per
annum; second grade are entirely nominal
Gold opened at 1141all15 against 1l5I at
New York, and a-ter hmred business closed at
11i34@l15, against 11434 (the sans as yes
terday), against 1145s III that market Cash Gold
continues scarce. The sales were confed to $685.
600, embracing $1,000 at 114sa, $4,000 at 114344,
5000 at 1l47s and $500 and sll, 900 at 1l5.
No sales Of Silver were reported. American
half dollars are still quoted at 1090g110, and
Mexican dollars at $685. gold.
Sterling and francs We're less active, and the
former was unchanged, while the latter was
little lower. The movement in both was of fair
extent. The sales of ster ing comprised f50,00O
embracing 1850 AL clear at 45H, $4,000 90 at
5 4411a05.46, f13000 and fl4,0 900 Go and bill of
l.ding at 1aaG5.4611aa, and $1,000 and $4,000 bill
Of lading, f25 al clear AMI f4000 bill Of lading
and Al clear at 5.46la
The sales of francs amounted to S35, 900 COM
mercial embracing 10000, I000 600 and $50 600
at 1896 500 600 at 6324 @4G21a, and Is. 900 at
1927.
At the close sterling b lis were quoted at
5.4511aa015 461a for bill IF lading and AL clear,
and nominal for bauk, and francs at 1890
1927 for commercial and nominal for bank.
The offerings of New York sight were liberal
and met fair dem md at previous rates.
The sales comprised s246, OG0, embracing Sl4, 900
and $4,000 commercial, $4,000. 1885, 900 and
$40 600 private bankers, and $40, 900 bank at ZIG
u cent discount. $4,000 CONNIE rcial and s45, COO
private bankers' at 1882, and $4,000 private
bankers at %. We also noticed sale Of SIC, 600
commercial on Providence at GIG u cent dis
count.
The banks continued to check on New York at
4 u cent discount. and commercial sight was
sslll quoted at 7-1613S.
The only sales of Stocks reported was II
shares WorkinRmens Bank at 50 Is.
The sales of Bonds included $1,000 City Pre-
MUM Issues, at &c, s1Or0 do. at 263s. and 5000
New State Consols at IS. Both City Issues and
New State Bonds were quiet and unchanged.
No sales Of Metropolitan Police Warrants were
reported. They are still held at 720a-.
Pending the trial of the injunction restraining
the State Treasurer from paying any 1874 issues OF
State Warrants, except those for officers salaries,
they continue entirely nominal. Issues of 1878,
and previous years, fundable, are still quoted at
35@36, and do not fundable at -(G29.