The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-09
MONETARY.
OFFICE NEW ORLEANS BULLETIN, I
Monday Evening, Feb. 8, 1875.
new ORLEANS CLEARINGHOUSE.

Thus far this week 81, us 10 s491 1928 3,
Same time last week. -. g. 4S0, sos 81 3e3,S44 3;
Total last week. II 2S4 1874 6! III, $50 Il
Total week before .10,sl9,O62 OF 1,z76,3SS 0.
We have no change to notice in the Money
market. The offerings continue of moderate
extent at the banks and limited on the street
and the rates OF commercial paper without
quotable variation.
We continue to quote first-elass paper and
collateral loans for go days at S@9 - cent
per annum; al do at 10M12, and second grade
at l5G9lSc. Tiyst-class mortgages are in
quired Tor at SOLO % cent per annum, but il
is extremely difficult to negotiate any others.
We notice that Mr.. John G. Gaines has
been unanimously reelected president of the
Citizens Bank. We also learn that the Ger
mania National Bank will remove Tomorrow
to the spacious banking rooms in the elegant
building of the New Orleans Insurance Asso-
citation, formerly occupied By the New Orleans
National Banking Association. The Germania
Nationll has considerably increased its bust
| ness, and customers will find the new loca-
ton equally as convenient as the old, if not
| more SO, with many additional facilities for
the transaction of business.
Gold opened at 1144M114J, against
Lac at New York, and after an unusually
liberal business closed at 1148a l143, against
ll4a III that market, where it touched Ia
AID 1l4s during the interim.
The sales summed up S199 000 embracing
$1,000 at liz, $4,000 and 5000 at III,
$4,000 and s45. 900 at 1144@114s, $4,000 and
s25, coo at 1l4s, $1,000 and $50, 900 at 1145,
S25, GEO at 1l4bG1 1145, and $1,000 at 1145
NO sales OF Silver were reported. American
half dollars are now quoted at 1OGJM107a
and Mexican dollars 97s@9S for gold.
Sterling Exchange responded to the fuctu-
atoms IN gold at New York, commercial bills
opening at previous rates, soon rising about
Ito %, receding 2-1o % at noon and finally
Saturdays quotations; bank closing without
any quotable change. The movement was of
moderate extent, amounting to .c43, 600, COM
prlslng e1OOO bill of kding at 5 so, ye25OO do
at 5Oa, ga, 600 do and AL clear at 5 500 |
o5l. 5000 bill of lading at 5.51, $4,000 do
at 5.5ll, $4,000 bank at 5 81 and $1,000 do at
J.53.
Francs also sympathized with the tluctua-
tons In gold at New York, but closed the |
same as on Saturday. The sales comprised |
1000 commercial, embracing 200, 600 at
4.57l I4-56i, and $50, 900 and 70, 600 at 56l. |
AT he close Sterling bills were quoted at
5.5oG5 81 for bill of l4ding and Al clear, and
-(a)o '53a for bank, and francs at 4 579G14 56I
for commercial and 4. 52a for bank.
The offerings Of Domestic Exchange were
OF liberal extent, and meeting with fair
demand, commercial closed a shade easier.
The sales of New York sight covered $685.
coo, embracing $50, 600 and $50, 900 CONNER
clal, and $4,000, Sl5, 900 and $40, coo private
bankers at 7-32 . cent discount, 500 900
private bankers at 7-32M3-16, and $40, 900
commercial $4,000, $4,000 and $685.
private bankers, and 0,000 bank at SIG.
We also noticed sales Of $40, 900 comm ercial
1n Providence at II cent discount and
$50, coo on Boston at SIC.
The banks continued to check on New York
It q cent discount. while commercial sight
vas quoted at l@3,l6; against To- on Sat
1rdoy.
In stocks we noticed sales of round amounts
If Home Insurance, ST. Charles Street Rail
Dad, and New Orleans CITY Railroad. of
which the particulars were withheld
The sales OF Bonds included $4,000 New
'tate Consolidated Seven Per Cent Bonds
t 43, and Sl5, 900 Ola Safe at =. City Gold
fearing Seven Per Gents were Quoted at :
bout 81 but no sales Were reported
City appropriation Certificates were still .
quoted at about 35(G36, but we heard OF no !,
..
Under the intervention allowed to Mr.. :
ohm Klein and others in the case of the in {
JUNCTION obtained by the Louisiana National :
'ank against the receipt by the city Of any G
hing but cash for licenses payable by law in :
Metropolitan Police Warrants, and the rule >
ppied for to dissolve the said injunction, =
eturnable On the 18th inst, holders of these
arrants raised their pretensions and at the VI
lose they Were quoted at 70Gl71, against Go i
J6l on Saturday. No sales were reported. I
The sales OF State Warrants included $500 =
ew at OBJ At the close old were quoted at y
TOPS, and new at about a. :,