The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-05
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Friday Evening, June 4, 1875.
NEW ORLEANS CLEARINGHOUSE.

We notice continued demand for money
with fair offerings for discounts, both at the
banks and on the street. The indications of
permanent improvement seem to be encour-
aging. As will appear from the reports be-
low, Foreign Exchange advanced to-day and
closed at higher rates, in sympathy with the
rise in gold.
The Stock market presents no decided
change and is bare of any feature OF special
interest. There is little or no demand, and
holders are generally indisposed to sell at
for the past three days. We notice no mate
rial change in quotations.
New State Consols are dull, but exhibit a
steadier and more settled feeling than yester-
day. No transactions are reported upon
which to base positive quotations.
The issues of City Bonds, which lately ex-
hibited material decline, have rallied, and
show decidedly upward tendency, with a
fair demand. This revival is generally at
tributable to the fact that the premium
bonded fund plan having assumed the form
of municipal law, will be promptly carried
into operation, and to the impression that the
measure is growing in public favor. Several
corporations and private parties holders OF
considerable amounts, have already notified
the committee of their desire to come in for
the first exchange, and we learn that some OF
of our most solid institutions, headed by able
financiers. are also coming forward.
These facts appear to have terminated the
dropping spirits of the bondholders, and ex.
cited some inquiry for the bonds from general
sources.
In referring to the general popularity of
the premium plan, we observe also that 1t
meets in some quarters with considerable op
position, the extent Of which will be hereafter
determined
We continue to quote first-ciass CONNER
cial paper at 500 u cent annum, Al DO
at 1OM12, and second grade at 15@1S
Gold opened at 1l61@l163, against ~ at
New York, and after a moderate business
closed at 116s61l6a, against 117s in that mar
ket. The sales summed up SAC, 900, embrac-
ing $4,000 at 116g, $4,000 at 116S, $1,000 at
1864, $4,000 at 1l6l@1l65, 500, 900 at 116s
and $4,000 at 116s@1l7.
No sales of Silver were reported. american
half dollars were still quoted at 10S@lO9,
and Mexican dollars at 96@964, gold.
Under the influence of the improvement IN
gold at New York, Sterling advanced 4-1O y
cent, and francs nearly t. The move
ment in Sterling was rather limited,
being confined to els, 200. embracing ell
600 bill Of lading at 5. 66! as. 81, $4,000 do at
s. 81. $4,000 Al clear at 5679, f20OO bank at
u.
The sales of francs comprised 335, 900, en-
bracing rs, 900 commercial at =, $50, 600 do
at 4 As, and SO, 900 do at 4 45s, and $4,000
bank at 5. 40.
New York Sight continues in limited sup
DIV. moderate demand, and unchanged. The
sales comprised Sis, 0G0, embracing $40, O0O
and $4,000 commercial, $4,000, $50. O0O
and $50, 600 private bankers and s25,OOO
bank at SIG.
The banks continued to check on New
York at ! % cent. premium, and CONNER
cial sight was still quoted at -05-l6.
Stocks continue without any apparent
movement.
CITY Bonds were in better demand, and
were materially higher, being quoted at the
close about $500 for Gold Bearing Seven
Per Cents, 2S@-c for New Currency Seven
Per Cents, and 2s9 for Seven Thirty improve
ment.
We noticed little better feeling in New
State Consolidated Seven Per Cents, put
rates were without any material variation, the
market being quoted about -(952. NO SAFES
we're reported.
There is no movement reported in Metro