The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-01
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Tues DAY Evening, Nov. 30, 1875.

The market was quiet and without material
change. The banks reported moderate offerings
for discounts, eligible borrowers finding generally
all the accommodation desired. Good paper was
in demand on the street, but very little was
offered.
The rates of cash Gold were still above the
New York prices.
Foreign Exchange improved under the advance
in gold, while New York sight sold shade lower.
Some movement was reported in Stocks and
Bonds, with fair inquiry for some favorite bank
and Insurance shares.
City Bonds were quiet at previous quotations,
while new State Consols were in better demand
at an advance.
We continue to quote exceptional paper at 9G9
10 y cent per annum discount, Al do at l2G-,
and second grade at l5Gl5.
First class mortgages rule at 9lGlO ~ cent per
annum second grade entirely nominal.
Godopened at 1514@115I. against 11434 at
New York, and after a moderate business closed
at 1l511aWll5$4, against 1854 in that market.
at 1855, $4,000 and $4,000 at 1857 sl2 600 at 1857
@l155s, and $1,000 at 1875.
No sales of silver were reported. American
half dollars were still quoted at 109@ll0, and
Mexican dollars at 941a06- for gold.
The effect Of the advance in gold at New York
bills in that market and a falling off in New York
sight but commercial sterling closed at an adj
vance Of nearly nc, equal to about $40 T. cent,
and francs at an Improvement OF fully 4 u cent.
Of sterling comprised $4,000, embracing $4,000
Al clear at $40, $4,000 bill of ladlng at 5.49@
$50 $4,000 and $4,000 do at $50, fl0, 900 do at
5.461 aa015.501a $4,000 do at 5.491aa05.501a f1S,-
bill at $50 and $500 bank at the counter at 5.54.
The sales of francs comprised $4,000 COM
mercial, embracing $4,000 at 4.595s14. 5S1 4,
900 at 4.595s14 5711aa, 100000 and 1900 at
1859, 10000 at 4.553a4t 14.5s1s, and $4,000 at
4.5711a.
At the close sterling bills were quoted at 5.491s
90 501a for bill Of ladlng and Al clear, and @
5.53l% tor bank. Bank counter rate 5.54 Francs
ruled at 4.5S$4 for commercial and were quoted
nominal for bank.
The sales Of New York sight were of fair ex-
tent, but meeting with moderate demand COM
mercial fell off nearly Lie u cent. The sales
covered s265,000, embracing $4,000 commercial,
$25 900 private bankers s35 000 $35 900 and $40,
600 bank, and s25, 600 bank at % q cent discount,
$4,000 commercial at sic, and $4,000 do at 9-32
We also noticed sales Of $4,000 commercial on
Cincinnati at q u cent discount, and $4,000 on
Providence at
The banks continued to check on New York at
u II cent discount, while commercial was quoted
at 5s@5-16, against SIG yesterday.
The sales of Stocks included IA shares Mer-
chants Insurance Company at $50, 10 st. Charles
Street Railroad Company at ST., q Mutual Ma
t;onal Bank at S8l, 5 Hibernia National Bank and
20 Hope Insurance Company at -, and at auction,
by Messrs. Hoey Il O'Connor, for account of sue
cesson of J. Saddler and others, 20 shares Bank
of Lafayette at SIS so, 10 Hibernia Bank at
s64 so, and 10 Hibernia Insurance Company full
paid at s83 50.
City Bonds were quiet and unchanged. New
State Consols were in demand and about % "
cent higher, being quoted at the close at So "a
sS1a The sales of the latter comprised 5000
at 573 $4,000 and $40, 900 at So $4,000 at 5Sl, and
5000 and 500, OU0 at 5S1aa The only sale reported
at the Stock Exchange was $4,000 New State Con-
soils at 50
Metropolitan Police Warrants are still held at
75G1S0. No transactions are reported.
In State Warrants noticed sale OF $2OCO
1874 issues at AZ. Issues of 1874 continue nominal
and 1878 and previous years, fundable, are still
quoted at 400, and do, not tundable, at -Gg29.