The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-08
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN.
Tuesday Evening. Dec. Z, 1875.
NEW ORLEANS uLEARIN0-HOUSA.

o..
The banks reported fair demand for dis
commits and on the street the inquiry was good,
and the market ruled at harder rates for CONNER
cial paper There was some complaint OF tenn
porary scarcity Of currency, and noticeao'e M
siderable pressure upon factors from sight drafts
on cotton in transit from Texas, the movement
Of which appears to have been lnexcusaply SLOW.
Deliveries In the city also have been materially
retarded by the weather. Gold receded to the
rates OF the New York market, attributed to the
scarcity of currency referred to. A liberal move
ment in Foreign and Domestic Exchange was re-
nor ed New York sight continuing to rule at rates
which may be expected TO induce shipments VI
currency to this point in few days.
Some movement was reported IN Stocks, OF
which the particulars are given below. Sity
Bonds were quiet and unchanged. The OTTER
ings of New state Consols were more liberal, pus
m ct with less demand and ruled lower.
We continue to quote exceptional paper at go
~ "a cent per annum discount, AL do at lZO-,
and second grade at l591s. First class mort,
cages rule at 9010 u cent per annum ; second
grade are entirely nominal; . ,,n/ o.
Gold opened at 1144@l141a, against ll4A at
New York, and, after moderate business,
closed at 114ls@1145s. against 114A in that
market The sales comprised s5z,oOo, emDra,
cling $4,000 at 1141s, $4,000 at l14A, $40 ooU ana
s25. 600 at 114sS slO00 at 1141aa, $1,000 at HAS,
and $4,000 at 1l41a@1l434.
No sales Of Silver were reported american
half dollars were still quoted at lO9WllO, ano
Mexican dollars at 9411aa@-- for gold:
Sterling was unchanged, wniie francs "e s ~
little lower The movement in both was OF I'D
ersI extent The sales of the former comprised
f.3 900, embracing $4,000 bill Of lading at 5.4oH
| f5OOO Al clear at SAT, f32, OJO do and DLi
lading at P46@547, fl5Co and t6U a oo OH 10
lading and f3OOU Al clear at 547Ia, tZ3,COU OIL
Of iadlng at 5.47@54s, fl5OO do al 5.4S, f1Oos dc
t., and $4,000 bank at 5.5O11a., ~ mn
The sales Of francs comprised 525, OOO CONNER
cial, embracing l5O, 900 at 621a@4 Ga. 275,oo'
t4621,04 61I and 100000 at AGO.
At the close sterling bills were quoted at 5.46l
A5 Az for bill of lading and Al clear, and e
s. 81 for bank Counter rate at -g5.ola), am
francs at -@46114 for commercial and nomina
for bank. ,;,,o,
the demand was fair and rates were unchanged
The sales comprised 1920, 900, embracing sooOO
500. 900 and $50 900 commercial, and s2O,OOO an
: s3l)' 600 private bankers at "a u cent discount
sd 900 commercial and $4,000 private bankers
vste bankers and $40 900 and s45 600 bank at TIT
! The banks continued to check on New York a
II a. cent discount, and commercial slght wa
: still quoted at 1901 10. r,
' The sales of otocks included 10 shares
. hernia Nat onal Bank at $50 %, 81 do at s59I
0 and 8 New Orleans City Railroad Compan
!; at 1925. . .onrai
Q while New s ate Guns pls, being less IN oeman
J: and more literally offered, fell of a Y cen
The sales of the latter comprised SAY, OOO, en-
bracing $4,000 at 5S7s, $4,000 and s2OotO, /,
8 59ls, and 5000 at 591a. Nothing transplred
) The only sale Of City Scrip reported wei
10000 June to December, 1874, time, at 1871, az
D $1,000 at 43; at the close the market was quote
e At 430A for July to December, 1874, time
( 4l@45 for August to December, and 51G53 Il
Nav and June, 1874.
g Metropolitan Police Warrants continue TO ru
q ~ eeGo6S for 1872 10 issues and 1906 for 1875
Is IA. Nothing TRANSFERRED.
= State Warrants were sill quoted at 1O0Gl5 +
n issues not fundable at 40GA for tundable, al
:. 420l45 for 1874. No Gales were reported.