The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-07
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Wednesday Evening, Oct. 6, 1875.
NEW ORLEANS CLEARINGHOUSE,

The demand for Money continued strong and
street rates hardened, requiring some advance in
our quotations. There is very little doing either
in collaterals or first class signatures under y
cent per month.
We now quote collateral loans at 10@- f9
cent per month, first class commercial signatures
at 101lI, AL co at 1I@lI and second grade
at 11a02. Fret class mortgages continue to rule
at IL ~ cent per annum, while second grade are
entirely nominal
Cash Gold continues scarce, the rates ruling
above New York quotations. A moderate move
ment is reported IN Foreign and Domesti, Ex-
change.
We notice some inquiry for City Bonds for
| funding in the new premium bonds, but gener-
ally securities are neglected and nominal, owing
| probably to the high rates OF the loan market,
which appear to be based upon the healthy i'm
provement in business and the prospect Of giving
| profitable employment to monev.
| Gold opened at 1170l1714, against III at
New York, and after limited business closed
at l17@l174, against 1161s in that market The
sales summed up s.6, 900, embracing $4,000 at ~
$1,000 at 1l7@171s, $1,000 at 1l71s, $4,000 at 1l71s
111714, and $4,000 at 11714.
| No sales Of Silver were reported. American
half dollars were still quoted at 110@l101a and
Mexican dollars at 9311a@94, gold.
Sterling Exchange opened at previous figures,
and under better bill market at New York,
was rather stronger at noon, but weakened on
the subsequent decline in gold, and closed at the
opening rates. The movement was only OF moder-
ate extent The sales comprised f18,6OO, en-
bracng f1000 and $4,000 continental bills at 52l q,
$4,000 bill OF lading and AL clear at 5.531 a05.54,
and flO00 and $4,000 bill oflading and f3UO0 AL
clear at 554, and 5000 American ships bill at
$50.
Francs ruled at previous figures at the opening
and being unchanged at New York, sympathized
with the subsequent decline in gold IN that
market, closing nearly a u cent lower. The
sales comprised 260, 900, Cd bracing $4,000 com.
mercial at AGO, ITS, 600 at 45SA, and $4,000 at
1885.
At the close sterling bills were quoted at
5.521s0553 for bill of lading and Al clear, and
]-0l5 IS for bank, ano francs at 4.600g4.5854 fol
commercial and nominal for bank.
The movement in New York sight was OF fail
extent, and rates were unchanged. The sales
covered $685. 900, embracing $4,000 commercial
and s35, 900 private bankers and bank at "a .
cent discount, and $4,000 private bankers, and
$4,000, 1926, 900 $45 900 and $4,000 bank at ZIG
The banks continued to check on New York al
"A u cent discount, and commercial sight was
still quoted at 11at07-l6.
Nothing TRANSFERRED in Stocks.
The sale OF Bonds included 5000 City Premium
issues at 80, $1,000 new State Consols at "a, anc
20 $500 Jefferson City issues yesterday at =
Both City issues and new State Consols continue
steady and firm.
Nothing transpired in Metropolitan Police
Warrants. They are still quoted at 65G7O.
No sales OF State Warrants were reported. Is
sues of 1874 were still quoted at 60@65 for large
and 65(07O for small; 1873 and previous years
fundabe, at 1896, and do, not fundable, at
@29.