The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-18
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Saturday Evening, July II, 1875.
NEW ORLEANS CLEARINGHOUSE.

Clearlngs BALANCES.
July II ............ $520,9l9 80 72.753 80
Same time last week. 684 009 IS 9O916 IS
Total last week. 49,. 4 354, z43 Is esq., 10
Total week before. 4,9z5,692 81 SIS, 06J 81
We noticed to, day a good demand for
Money at some of the leading banks, but
else where the movement was moderate and
the market quiet. On the street very little
was doing i'll commercial paper, which con.
tinues in good demand and very light supply,
particularly for those descriptions usually
Offering at this period of the year.
Gold continued to decline and Foreign Ex-
change showed material falling off, while
the movement in both was light.
No sales of Stocks were reported.
City Bonds were stagnant and without ma
terlal change in quotations. AS will appear
from the report OF sales given below new State
Consols continued to improve, closing at a
slight advance.
We continue to quote frst-class CONNER
cial paper at 809 79 cent per annum discount,
AL do at 10@l2, and second grade at l5(1l8,
FIRST class mortgages still rule at SOLO u
cent per annum, while second grade are en-
tireiy nominal
Gold opened at 114501l5B, against 114s at
New York, and after a limited business
closed at 114{0114aa, against la in that mar
hele AG SdlcS WtIS CcuuuCo W Ola wv,
embracing $500 at III, $1,000 at 114SS, and
$4,000 az 1l43.
No sales Of Silver were reported American
half dollars were still qnoted at 107l@10S2,
and Mexican dollars at 93M93t gold.
Foreign Exchange opened at previous rates,
but under the subse luent decline in gold at
New York, sterling tell off 4-10 per cent, and
francs !. The only sales reported in sterling
were ei2OO Al clear at 5 SIS and $1,000 bank at
$50
No sales of francs are reported.
at the close sterling bills were quoted
at 5. as 81 for bill of lading and AL clear,
and -155S for bank and francs at 4. 571
for commercial and A. 52k for bank.
The movement in New York sight continues
very limited, and buyers still prefer remitting
per express to paying the rates asked for the
little Offering. The only sales reported were
$40, 600 commercial at 9-32 per cent premium,
and $4,000 do, and 500, 600 private bankers at
SIC.
The banks continued to check on New
York at { p cent premium, and commercial
sight is sllll quoted at -95-l6
We noticed little more movement in
Stocks, but the particulars were not re-
ported
City Bonds are dull, No sales were re-
ported New City Currency Seven Per Gents
are still quoted at 33I, City Gold Bearing
Seven Per Cents of the Administration Sc
ries at 344034a, and do OF the Drainage Sc
ries at 334@33l.
New State Consolidated Seven Per Cents
continue in request and are shade higher,
being quoted at 52Z@524, against 525 yester-
day. The sales included $4,000 at 52l, $4,000
at So. and $40, 900 at 524.
We notice scarcely any movement in City
Scrip 1t is still quoted at 3S(939.
Nothing transpired in Metropolitan Police
Warrants. They are still quoted at 65@G5.
State Warrants are inanimate. Issues OF
1874 are still quoted at 1905 for large and
-M147 for small; 1873 and previous years,
fund4ble, at 35@36, and do, not fundable, al
-(029.