The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-28
MONETARY.
OFFICE NEW ORLEANS BULLETIN. |
Friday Evening, August 81, 1875.

The Money market during the past week
has presented no features of special interest.
The demand for money continues moderate,
and, as shown by the Clearing House reports,
than last week. On the street there is a good
demand for frst-class commercial paper, OF
which the offerings are limited.
Gold has ruled quiet until to-day, when it
advanced under the influence of the excite
ment in New York, produced by the unex-
pected suspension of the Bank of California.
Very little has been doing in Foreign or
Domestic Exchange. The movement in
Stocks continues light New State Consols,
which showed some activity in the early part
of the week, are now quiet and show little
change from last Fridays quotations. City
Bonds are reported frmer in the last two
days with an advance in the drainage series
of the gold bonds.
We continue to quote frst-class CONNER
cial paper and collateral loans at 8@9 %
cent per annum discount. Al do at 10@12 and
second grade at 15@l8. First-class mort
cages rule at 9@lO fs cent per annum;
is an exceptional rate, while 10 appears to be
the usual figure. Second grade are entirely
nominal
Gold opened at 1131@113a against ia at
New York, and after limited movement
closed at 113s@113s, against 1881 in that
market, where it touched 114B during the
interim. The sudden advance this morning
at New York of 10 over the closing rates yes
terday was attributed to the suspension of
the Bank of California San Francisco, and
the failure of the large sugar refining house
of Sterling. Ahrens & Co., Baltimore.
The sales summed up $4,000, embracing
$1,000 at 43ll, $4,000 at 1854. $4,000 at 113S,
$1,000, $1,000, $1,000 and $4,000 at 113s. and
$1,000 at 113i.
No sales OF Silver were reported. American
half dollars were still quoted at 1O6(d,1G7,
and Mexican dollars at 94@941, gold.
Under the advance in Gold at New York,
Sterling was quoted lilo p cent higher, and
franas 10.
The sales of sterling were confined to
e37OO, comprising $1,000 AL clear at 5 80,
e7OO bank at $685. and e2J00 do tor gold at
4S9.
The only sale of francs reported was Is, 900
at A. $50.
At the close sterling bills were quoted at
s. 5O5(a)5. 51B for bill of lading and Al clear.
and Traces at 457a for commercial and 53a
for bank.
New York sight continues in light supply,
and with q limited demand ruled at previous
rates. The only sale reported was $4,000
private bankers at 8 80 y cent premium.
The banks continue to check on New York
at ! p cent premium, and commercial sight
is still quoted at -@5 10.
In Stocks we noticed sales of % shares
Home Insurance Company at $50, and 10 ST.
Charles street Railroad Company at =.
City Bonds continue firm and unchanged,
except for Gold Bearing Seven Per Gents,
Drainage series), which are about ] " cent
higher, sale being reported OF $1,000 at 33b
New State Consols are quiet and unchanged,
being still quoted at about 531@53l. No
sales were reported.
No transactions were reported in Metropoli-
an Police Warrants, which were still quoted
1t 65@70.
Nothing transpired in State Warrants Is
,ues Of 1874 were still quoted at 50(955
'or large and 5000 for small; 1873 and
previous years, fundable, at 35@36, and do,
aot fundable, ct -@29.