The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-01-26
MONETARY:

Same time last week :. 1920 SCI so 3I4667 s
Iota! last week. ..... 10 1919 50 SS5,127 0
Total week before. IL 49,, O70 Is ,2i3, 1863
The Money market continues quiet an
easy, with moderate demand for discount
at the banks and limited offerings on tn
street, and without any quotable variation il
the rates OF commercial paper. We continu
70 quote tirst-class paper and collateral loan
for sixty days atS@9 y cent per annum, A
do at l0G12, and second grade at 1511S
Strictly first-class mortgages can be negotiated
at 500 u cent per annum there is ne
movement IN other grades.
Gold opened at 1923 O. 1929, against 112,
at New York, and after fair business closed
at 112sG11l2s, against 1922 irrkhat market
touching 1928 during the interim. The sales
summed up $4,000, embracing $4,000 and
$1,000 at 1l2s, 5000 and $4,000 at 112i
and $1,000 at 1125.
In Silver we noticed sale of $1,000 Ameri
can half-dollars, at retail, at 107. The mar
ket was, however, still quoted for round
amounts at 1O5MllO6 for American half.
dollars and 97Gl97! gold for Mexican dollars.
Sterling opened ut previous rates, rose PIC
II cent under the influence of the advance in
gold at New York, but, under the subsequent
decline in gold in that market, closed at only
a net improvement Of Ito II cent.
The movement was of liberal extent
amounting to s59, 500, comprising $4,000 and
$4,000 bill of lading at 544, e35O0 do at ). AL !,
5000 and 10000 do, and .c23, 900 do and Al
clear at 544G15. As, $4,000 and $4,000 Al clear
at 5.45, f7OOO do at 5.45l.
Francs fuctuated with the rise and fall of
gold at New York. but closed higher than on
Saturday. The sales comprised 100000
commercial, embracing SO, 600 at 4.62, JOG, 900
at l. 62a0461l, and 100, 900 at -
AT the close Sterling bills were quoted at
8. HOS. As for bill of lading and Al clear,
and -05.479 for bank, and francs at 4.G2M
4.6li for commercial, and 4.56i for bank
The offerings of Domestic Exchange were
ofliberal extent, and with fair demand COM
mercial was about Jig p cent lower. The
sales of NewYork sight covered $3.50 en-
bracing $4,000 and $4,000 commercial and
SO, 900 private bankers at y cent discount,
$1,000 and $4,000 commercial, and $50 900
private bankers at 3-l6, $4,000 private
bankers at 5-32, and $40. ZOO, $4,000 and
$1,000 do at /. We also noticed a sale Of
so 900 commercial on Providence at II
cent discount.
The banks continued to check on New York
at par, while commercial sight was quoted at
T3-16 b cent discount, against 3-16@ys on Sat
,urday.
Nothing was reported in Stocks.
The sales of bonds included $50 900 Old
State Six Per Cents, part issued for the relief
bonds and coupons at -, $1,000 City Gold
Bearing Seven Per Cents at 36s, and $4,000
do at 81; the latter closed at about 81. No
sales of New State Consolidated Seven Per
Gents were reported; they were quoted at 81
s(a39.
We learn that at the Sc sion Of the Funding
Board to-day all valid old State obligations
that were presented were accepted.
Nothing was reported in City Appropriation
Certificates. They were still quoted nomi-
nal at 3S@4O.
The demand for Metropolitan Police
Warrants was stimulated by the proba-
sbihty of their being taken in pay
sment Of licenses, and they closed at
about IS, against rs on Saturda-. The sales
included $1,000 at ", $1,000 at 77!@7S and
:S16, 900 at 77I@7Sl At the same time it was
rumored that measures would be taken to test |
the constitutionality of the law compelling
their receipt by the city in payment Of
licenses, in preference to other city floating
debt, and that efforts would be made to com
pei the city to take part, at least, in city
time.
The sales of State Warrants included
$1,000 new at 544 and $500 at So. Old
were still quoted at -@26, and new closed
at IA IS