The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-19

The decrease in currency and in deposits
and the increase in loans noted above con
firms our previous notice of steady improve
ment in the demand for discounts a. the
banks. On the street applications for loans
are more freely made and a fair movement is
reported at our quotations.
The apprehension and anxiety which is gen
orally felt by the whole community in refer.
ence to the situation of the city of Galveston
was very perceptible to-day in monetary
circles.
In addition to the natural sympathy with
the people of the -beleaguered city,
which has adepressing effect upon the whole
community, the business relationship of the
respective cities are such that disaster to the
one would more or less seriously affect the
other Operations were consequently some
what restricted, Ia the absence of any intelli-
gence as to the effect of the storm, and in
specie, particularly, the movement Was mate.
rally checked.
We notice some inquiry for favorite Bank
Shares, and also for City Bonds, which are
firm, but no sales of importance are reported.
New State Consols were in little demand.
The light movement reported indicates no
change in our quo atoms.
We continue to quote three to four months
loans, on good collaterals, at 500 u cent per
annum discount, frst-class commercial do,
without collaterals, at 9010, AL do at 10@12,
and second grade at I5@18. Mortgages
rule at 10 d9 cent per annum for first class,
with no market for the lower grades.
Gold opened at 1l6@116l, against 1164 at
New York, and after quite limited business
closed at 116a@1l63 DC higher than yester-
day. against 1852 III tEat market. The sales
were confined to $4,000, comprising $4,000
at 116g, $4,000 at 1l64. $4,000 at 1853, and
$1,000 at 116a.
No sales of silver were reported. American
half dollars were still quoted at 11O@110a,
and Mexican dollars at 93t@94 gold.
Foreign Exchange opened at previous
rates, but, under the advance in gold at New
York, soon commenced improving, until it
finally closed fully $40 p cent higher than
yesterday for sterling and ! for francs. The
movement was limited, the sales of sterling
being confined to e2700, comprising e500 bill
of lading at 5. 81, $1,000 do at 5. SO. and e1200
bank at the counter at 1851, and nothing be-
ing reported in francs.
At the close sterling bills were quoted at
5. 53(1554 for bill of lading and AL clear.
and nominal for bank, and francs at 4.57I@
456l for commercial, and nominal for bank.
The offerings of New York sight were limit
ed. and meeting with only moderate de-
mand, commercial wes unchanged. The sales
comprised SIS, 900 commercial at / f9 cent
discount, and $4,000 private BANKERS and
bank at ].
The banks checked on New York at 9s
cent premium against i@4 yesterday, and
commercial sight was quoted at l@s q cent
discount.
The sales of Stocks included 21 shares Canal
Bank at $91 30.
In City Bonds we noticed sale of $4,000
New Currency Seven Per Cents at 32a. The
market continues steady and firm.
The sales of New State Consols comprised
$4,000 at 3d. and $4,000 at 53l; they closed
about 53@533.
Nothing transpired in Metropolitan Police
Warrants; they continue to rule at 65@70,
No transactions were reported in State
Warrants Issues of 1874 are still quoted at
5000 for large, and 6O@65 for small; 1873
and previous years, fundable, at $685. and
do, not fun dable, at -929.