The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1875-12-22

Monetary.
OFFICE N. o. DEMOCRAT,
New Orleans. Doc a. 1875.
NEW ORLEANS CLEARING HOUSE.
Glearings. balances.
| December ta..........$ 2ig3.gat ia 9,p 7es y
| December 2o......... 2el2.l22 a iGabW Z
December 2i.......t. 2so7 .o5g 80 s2oase 2
Thus for this week q 7,372bee 90 s2l.7st %
fame time last week. I.no Ino u ho7ol2 z
Total last wn.k. isMtIls 70 ,asa sai, = =
| Total week before -. t5125.37t 90 1.2J9oss
The market was dull and the demand
for money slack. both IN bank and or
the street. A fair movement was re-
ported IN gold aud foreign exchange
with transactions ut lower rates. while
New York sight was in liberal suppl,
and also quoted ut d slight decline
Nothing Of interest was reported IN
stocks. New State consols were uuotct
nj about yesterdays rates. In cit,
bonds scarcely any movement was re-
ported, and II was difficult 10 obtain 4
quotation for old consols or bonds 81
later issues. Tho former was evidently
materially strengthened by the decision
published Yesterday. while in some
cases Il was believed that II would bene.
TT all city issues. rs tending to increase
public confidence in the security OF
interest payments
As will be seen from the report OF the
proceedings of the City Council. pub.
submitted to-day by the Administrator
of Public Accounts, and referred TO the
Committee Of the Whole, is estimated
upon a basis Of ID IA cent. taxation, and
ignores any provision for interest ex-
copt for redemption Of premium bonds
according to the plan now In operation.
The sealed proposals for the exchange
of bonds for tho drawn premium bonds
held by the city will be opened to-mor-
row, as previously advertised.
We continue to quote exceptional pa
per at --(hg per cent. per annutn dis
count, Al do. ut 1OM11, and second
grade at 15C1ts. First class mortgages
still rule at 9M10 per cent. per. annum.
and second grade are entirely noipi-
nal.
Gold opened ut 1t3aa t13g. against
t13s at New York. and after u moderate
business, closed ut 1l3 a 1881 GO lower
than Yesterday, against ll3l IN that
market The sales summed up $31 900,
embracing $1,000 Mt 1l3 1-16, $1,000 at
1t3A, $1,000 at 1871. $4,000 ut 1871 113a,
$4,000 and $1,000 at 113a, and $4,000 and
5000 ut 113A.
No sales of silver were reported
American dollars were quoted ut 1851 u
1904, against 100 n 40 yesterday, while
Mexican dollars continued to rule at %,
gold.
Under the decline IN gold at New
York, and slight weakness In New
York sight, sterling was quoted DC
while francs ruled about the same ~
Yesterday. Tho movement In both was
Of fair extent. The sales OF the former
amounted to E70,btW, embracing G5OW
and E5OOO bill Of lading, and G25O0 Al
clear at bai, E27, 900 bill Of lading at 5I3I
a 5i4b, EtO.OOO and G20,OOO do al 544 u
b44t. E35OO Al clear at 80. G2O0O bank ut
547A. G1O0O do at the counter at $40. and
500 do at $50.
The sales OF francs comprised i75 900
commercial, embracing 125. 900 at t63a u
4G2h and $4,000, 10000, 5000 and 100000
ut 1891.
In German marks we noticed sale
of 25O,OOO ut --.
ut 543h a 5iat for bill of lading and Al
ter rates "A 549), and francs at 463a a
aG2d for commercial and nominal for
bank. The offerings of New York
sight being Of liberal extent, and not
quite as strong demand rs yes
terday, commercial was nearly lie per
cent lower.
The sales comprised $3.50, 900, embrace
ing $4,000 commercial at 1889 per cent
and $4,000, $4,000 and $780,
900 and $4,000 private bankers, $780,
COO do. and bank, and $4,000 bank Mt
7-lG. We also notice sale Of $4,000
commercial on Providence at 1 per cent
The banks continue to check on New
York at per cent discount, while com
mercial sight was quoted at ZIG, against
-16 n | yesterday.
The sales OF stocks combrised 25
shares Factors and Traders Insurance
Company at 500 a 40 so, 10 do. at $91,
md at auction, by G. +. Girardcy, for
account Of succession Of J.. T. Gencres,
lA shares Mechanics and Traders
Bank at Sl2, and Al Sun Mutual Insur-
lnce Company at $7S 80.
The effect OF Judge Woods decision
yesterday In old city consos was not
FULLY developed, but we heard that they
we're held higher. Other city bonds
we're also strengthened by the i'm
preston that the decision will protect
heir coupons. The only sale reported
vas $4,000 premium issues at 26a
NEW ptutc cpnSolS were IlTtIc |
stronger, being quoted at the close
.bout 55@55t, against 5laM55i ycster-
lay. The sales included $4,000 ut 54s,
s30, 900 ut 55, and $4,000 at 55I.
No sales OF city scrip were reported,
Il was still quoted at AZ q AZ for August
Q December, 1873 time, and July to
1874, and at so n 50 for June
md part Of May, 1874
Yesterday, not before reported, 5000
Police warrants Of 1879
ssues, were sold at sc, and 5000 at SGT
hese issues being i'm demand and held
n few hands, and owing to the proxim-
ty OF the payment Of city licenses for
which they can be used. were held at
bout IS. No sales were, however, re-
'orted. Other issues are unchanged,
'cing still quoted at 63 a 65 for 1923 is
ues, and entirely nominal for 1912
md 1862.
Old State warrants, fundablc, were
till quoted at Al a ~; do. not fundable,
I a, and 4Oa 40 for 1874 issues.
Nothing TRANSFERRED