The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-21

The Money market was exceptionally dull
to-day, but, with this exception, We have no
decided change to note As remarked in
our report of yesterday, the increased de-
mand for Money which was noticeable in the
early part of the week appears to have sub
sided. Offerings of commercial paper both
at the banks and on the street were limited,
and were taken at unchanged rates.
The light demand for Money which exists
appears to come from general mercantile
sources, chiefly from dealers in Western pro-
duce and provisions. As yet there is little in
ouirv from factors, most of whom have ample
balances in bank. At the same time we hear
of numerous applications from the country
for money and supplies.
Later in the season, when the crop
prospect shall have been better defined. we
NAV confidently anticipate an enlarged move
ment in this branch OF business sufficient to
give employment to considerable proper
ton of the present surplus in the banks.
The limited sales of Gold and Foreign and
Domestic Exchange to-day showed no change
in rates.
Stocks were extremely dull and no transac-
tions we're reported. Nothing TRANSFERRED to
indicate any variation in rates. The demand
appears to be confined principally to favorite
shares, State Bonds were in only limited re-
quest and were quoted J u cent lower. City
bonds were quiet at previous quotations
We learn that the vexed question whether
Metropolitan Police Warrants will be re-
ceived in payment for city licenses will prob
ably be finally decided tomorrow.
PAYMENT of back taxes, but no decided ad-
vance is reported. Other Securities are I'M
changed.
We learn that at q sale of the assets OF the
Bank OF Louisiana to-day 81, 060,0 of old
State and Confederate war bonds were sold at
1885 for the lot.
We continue to quote first class sixty days
paper and collateral loans at sos 7e cent per
annum; AL do at 10@12, and second grade at
15@18. First-class mortgages still rule at
9MlO ~ cent per annum, while second grade
are entirely nominal. nus
Gold ruled throughout the day at 116@
1164. against 116i at New York. The sales
were moderate comprising only S43, 600, en-
| bracing $4,000 at 116 $4,000 and $4,000 at 116s.
$50, 900 at 116B@1164, and $1,000 aud $1,000
at 1l6l.
| No sales of Silver were reported. American
half dollars were still quoted at 1O8@1O8t,
and Mexican dollars at 96@964, gold.
The offerings Of Foreign Exchange were
light, and with fair demand, commercial
Sterling ruled about lilo P cent higher,
while there was no other change The sales
of Sterling EXCHANGE were confined to f25,.
900. embracing e1500 and el3, 900 bill OF
lading at 5. 60, $4,000 do at 5.63!, and 92OOC
bank at 5.65.
The only transaction reported in francs
was $50, 600 commercial at 4474.
AT the close Sterling bills were quoted at
s. 62I05. 635 for bill Of lading and AL clear
and 5 6586,- for bank, and francs 4.474 fol
commercial, and 43a for bank.
New York sight continues in light supply
ia demand and firm at previous rates. The
only sales reported were $l5,OOO commercial
Is. 600 private bankers, and S25,OO0 bank Al
SIG 99 cent premium.
The banks continued to check on New Yorl
at % cent premium. and commercial sigh
was still quoted at 5-16.
Stocks are rather dull No transactions
were reported.
City Bonds were quiet and unchanged
| CITY Gold Bearing Seven Per Gents were still
Quoted at 34tG}34}, and new City Currency
Seven Per Cents ut 3l(03l9.
We noticed less activity in New State Con
solidated Seven Per Cents, which closed a
56a@56a, about 4@a u cent lower than yes
terday. The sales included 5000 at 564
$4,000 at 56s, $4,000 at 57aa, $lO,OOO at Dos
and SIC, 900 at 81.
City Scrip is in better demand for the pay
ment of back taxes The sales included Sl20'
at All. The market was still quoted
4l@42
Metropolitan Police Warrants continue t.
rule at 70@72. No sales were reported.
Nothing transpred in State Warrants
Warrants Of 1874 were still quoted at 42@44
1873 and previous years, fundable, at 37@3S
j d., not fundable, at 500, and Legislative
Per Diem at 96@97.