The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-12

n n II w O164lNAN6 bO1J116.
movement to the interior, but it seems i'm.
possible to indicate a more definite direc-
ton.
The Stock market continues tame and un-
interesting, with no perceptible increase in
the investment demand.
At the City Hall we understand the Coun-
Gil decided not to extend the time of receiv.
ing city scrip in payment for past due taxes
later than the first Of June.
A tender for the amount of principal with
out interest of city taxes for 1873 was made
by a taxpayer to the Sheriff yesterday, and
was refused as payment in full.
We have been since informed that rule
was issued against the Sheriff, requiring him
to show cause why he should not receive the
principal in full of the tax, in accordance
with section of the act "to relieve delin-
quent taxpayers from the payment of penal
ties in certain cases." which provides that,
"upon the payment of the principal on the
amount of the tax itself, on or before the LIST
November, all interest and penalties thereon
shall be RENTED on all taxes due throughout
the State" The rule, we learn, is to be az
gued on Saturday.
We call public attention to the notice of the
City Administrators, published in the daily
RhpC1S, SAoe CA0 uOuu4uoAV wa Aoe 40 INV
being prepared, and will be published in q
few days, and inviting tax payers to come for
ward while it is yet time.
In addition to the inducement of saving
the penalties which will be incurred for nom
payment, taxpayers may well be urged to
come forward, even if at some sacrifice, to
relieve the embarrassment of the city and
enable the Administrator to provide for the
pressing claims upon his department. We
have heard OF wealthy men complaining of
the Administrator as being too urgent in his
collections, when they themselves had been
delinquent for several years, thus compelling
the city to pay for material and services in
deprecated scrip, thereby largely increasing
the expenditures. Justice to prompt tax.
payers requires that collections should be
pressed, and there should be no complaint
at the Administrator performing his impera-
tive duties in this particular.
We continue to quote first-class sixty days
paper and collateral loans at 8@9 p cent per
annum; AL do at 10@12, and second grade at
15@1S. First-class mortgages still rule at
9@l0 % cent per annum, while second grade
are entirely nominal.
Gold opened at 1155@115s. against 115J at
New York, and after fair business, closed
at the opening rates. in both markets, touch
ing 115S during the interim at New York.
The sales summed up $4,000, embracing
$1,000 at 115s, $4,000 at 1154, and $40, 900,
$40, 900 and S25, 900 at 115s.
No sales of Silver were reported. American
half dollars were still quoted at 1850 1881,
and Mexican dollars at 966965, gold.
Foreign Exchange was without any varia-
ton worthy OF notice. The movement in
Sterling was quite limited, being confined to
GIG, 900, comprising $1,000 AL clear at 5.61,
e12OO do and e12O0 and $4,000 bill of lading
at 5 go. $1,000 bill of lading and AL clear at
5.62G,5 625, $4,000 bill of lading at 5. 625, and
e350O bank at 5. GAL.
The sales of francs comprised $50, 900 COM
mercial embracing 100000 at -@4 49,, and
60, 900 and 3OO0 900 at 4.4Sl.
At the close Sterling bills were quoted at
561a@5 62s for bill Of lading and AL clear,
and 5. 640-f for bank, and francs at l. 4Si for
commercial and A. As for bank.
The offerings Of Domestic Exchange con-
tinued limited, and meeting. with moderate
demand rates were unchanged. The sales
of New York sight covered $125 000 en-
bracing $25, 900 commercial at 9-32 19 cent
premium, and $75, 900 do and $25, 900 private
bankers at SIG. We also noticed sales of
$40, 900 thirty days sight on New York at (
y cent discount.
The banks continue to check on New York
at per cent premium, and commercial sight
was still quoted at -@5-16
Stocks continue dull. The sales included
so shares Crescent City Slaughter-House Co.
at $21 so, 60 Orleans Insurance Co. at S32 so.
5 Merchants Mutual Insurance Co. at S65,
and 25 St. Charles Street Railroad Co. at
SIG SO.
City Bonds were unchanged, while New
State Consolidated were little lower. The
sales included $1,000 New City Currency Seven
Per Cents at 354, and $4,000, $4,000 and $4,000
at 35l, $4,000 City Gold Bearing Seven Per
Cents at 351, and 1000 New State Consoli-
dated Seven Per Cents at SCI.
No transactions were reported in City
Scrip. 1t was still quoted at 43@44.
No sales were reported in Metropolitan Po-
lice Warrants. They were still quoted nomi-
nal at 60@65.
Nothing transpired in State Warrants. War
rants Of 1874 were still quoted at 4O@41, 1873
and previous years, fundable, at 36@37, do.
not fundable, at 800, and Legislative Per
Diem at 96@97..