The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-29

The Money market, as is usual during holiday
week is quiet and embarrassing. The offerings
in bank were moderate to-day, and there was 1T
tie doing on the street. fair movement was re-
ported in Gold and Foreign Exchange at slight
advance while New York sight was somewhat
lower under more limited demand Stocks and
CITY Bonds were quiet. New State Consos were
in some request, and were held tirmer at the
close.
We learn that the City Council adopted the
budget proposed last Tuesday, so far as 1t APP
plies to revenues, but postponed the subject OF
expenditures for further consideration. Inc
offers of outstanding city bonds in exchange for
drawn Premium Bonds were rejected, on the
ground that bidders rated the former too high.
We learn that the New Orleans Gas Light Com
pany has declared a dividend OF s. per snare,
payabe on and after January Is.
The State National Bank to-day declared
semi-annual dividend payable on and after
January 10.
We continue to quote exceptional paper at =
69 % cent per annum discount, Al do at 1O911,
and second grade at i591s. First-class mort
cages still rule at 9@l0 y cent per annum;
second grade continue entirely nominal.
Gold opened at 1121a@ll2a4: against 1929 at
New York, and after fair business closed
at 112510l12I (1sc higher than yesterday
against il3 in that market. The sales summed
up $4,000, embracing $1,000 at 11214, s5Ooo at
1i23I, $40, 900 at 1l2l, $4,000, $4,000 and $4,000
at iiz5s, and $4,000 anu s12 900 at 1929.
No sales of Silver were reported American
and Mexican dollars at 95 gold.
Under the advance in gold at New York.
sterling was qIoted nearly ic, equal to 2-lo u
cent lower, and francs 4 u cent The move
ment was of fair extent. The sales OF me former
comprised s79 200, embracing $4,000 bill of ladlng
at 5.4O15, $1,000 and f1200 AL clear, and 100000
bill of ading at Al, $4,000 bill OF lading at 54l9
542 100000, f22,OOO and f27,O00 do at 5.41@
5.42H, $1,000 bank at 5.45.
The sales of francs comprised $40 900 CONNER
cal, embracing $4,000 at 4.6711a, $4,000, 10000
and 100000 at 4.65, and 10000 and $4,000 at
464$4
At the close sterling bills were quoted at
5.1@5. 42h for bill of ladlns and Al clear,
| -M5 46) and francs at 4650l- for commercial,
and nominal for bank.
The offerings of New York sight we're Of libe-
| raj extent and meeting with more moderate
| demand, closed little lower than yesterday for
commercial. The sales comprised SOP, 900, EN-
bracing $50 000 commercial St0,0O0, So, 0OO $50,
| 900 and $4,000 and $4,000 bank at u i.
| cent discount, $50, 900 and $4,000 commercial,
SIS, 600, $4,000, $4,000 and 5000 private bank
ers' and s35 600 bank at TIC, and So, 900 private
bankers and $40 900 bank at %.
| The banks continued to check on New York at
| Il q cent discount, while commercial sight was
| quoted at 1scg7-16 against TIC yesterday.
| The only sale of Stocks reported was III shares
Orleans Railroad Company at SIT.
| City Bonds were quiet and unchanged. The
only sale reported was 5000 Old City Currency
Seven Per Cents at %.
New State Consols we're held at 561a, against
561l yesterday. The sales included $4,000 at 500,
100000 at 56is, $4,000 at 565s, and $40, O0n at
| 500, also at the Stock Exchange $4,000 at 56l4.
| No sales Of City Scrip we're reported. 1t was
still quoted at 45@4511 for August to December
1878, Time, and July to December, 1874, and a.
5OG 50 for June and part of May.
Nothing transplred in Metropolitan Police War,
rants They continue to rule at S60tSS for 1874
issues, and 75MS0 for 1923 and were still quoted
nominal for 1912 and 1869.
State Warrants continue without apparent
movement: fundable were still quoted at 416g42
not fundable at q, and 1874 issues at 40fG45