The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-24
NEW ORLEANS CLEARINGHOUSE.

We have no material change to note in the
Money market. which, however, exhibited to-
dav somewhat more of animation than usual.
A Slight increase in the demand for money
was perceptible, and both at the banks and
on the street the offerings of business paper
were more numerous A fair amount was
done in Foreign and Domestic Exchange, the
former, which continues scarce, showing
still further advance, corresponding to the
upward movement in gold, while the quota
lions of the latter remain unchanged.
Stocks generally continued buoyant and
holders were more stringent in their preten-
sions, evincing a disposition to wait for
higher rates. As will appear from the record
of transactions given below, some bank and
insurance shares exhibit an advance of 2lD1O
y cent over quotations of last week. The
steadier and more hopeful feeling in City
Bonds, which we remarked upons yesterday,
developed to-day into strong demand and
lively and active movement.
City Gold Bearing Seven Per Cents and
New Currency Seven Per Cents ruled higher,
and at the close the former were quoted at II
Der cent and the latter at per cent over yes
terday's rates. New State Consolidated Seven
Per Cents sympathizing with the movement,
closed ut an improvement of per cent. The
latter had been quiet but steady for day or
two past, operators apparently waiting the de-
velopments in the impeachment of the State
Aud:t,r.
A better and more hopeful feeling in finan-
cial circles was excited by the prospect OF an
early and practical settlement of the financial
difficulties of the city, and also by the appa-
rent disposition on behalf OF the Legislature
to adopt measures Of substantial relief and re-
form. :,
We continue to quote first-class sixty days
~ R/GQ 10 cent
annum; AL do at 1O@12, and second grade at
l5618. First-class mortgages still rule at
9GlO - cent per annum, while second grade
are entirely nominal.
Gold opened at 115@1155. against 1l5s
at New York. and, after fair business, closed
at 1l5l@)115s, about / u cent higher than
Yesterday, against ISL in that market. The
sales summed up $4,000, embracing $1,000 at
Us, $4,000 at 1l5!, $4,000, 5000. $4,000. $40,
600 and $50, 900 at 115l and $1,000 at 1l5a.
Silver continues without any apparent
movement We.continue to quote Amer
lean half dollars are still quoted at 1850
1854, while Mexican dollars continue to rule
at 96A @97 gold. :,
In sympathy with the advance in gold at
New York, Sterling Exchange ruled 2-lO y
cent higher than Yesterdays quotations for
commercial, and ITO for bank, and closed at
the improvement. The movement was Of fair
extent, the sales amounting to Ga, 500, COM
prisino $1,000, f25OO and e40O0 bill OF lading at
$50, el3,OOO do and Ella, 900 do and AL clear
at s. 595(G)5 go, 94OOO bill of lading at 3 5o5 (G
| S. 60. and $500, 915OO and Ella, 900 Al clear ut
$50.
Francs were quoted fully q cent higher
ia response to the improvement in gold and
bills at New York. No sales were reported.
At the close, sterling bills we're quoted at
S 59G,5.6O for bill Of lading and Al clear,
and 5, 61165 62A for bank, and francs at 45l /
for CO nmercial, and 4 473 for bank.
The offerings of New York sight Exchange
being of moderate extent, and meeting with
fair demand, the rates Of commercial hardened
towards the close. The sales comprised Sl7O,-
600. embracing $4,000 commercial at ! q
cent premium, SIC, 900 do. $4,000 and 3d.
600 private bankers, and $4,000 and 3d.
600 bank at 9-32, and $500. 900 bank at 5-l6.
The banks continued to check on New York
a. ner cent premium, and commercial sight
was quoted stiff at -G9-32
There was scarcely any movement IN
Stocks and no transactions were reported. the
movement being checked by the high preten'
sions of sellers.
| Under the influence Of the impression thai
the Legislature will pass measures equitable
to the bondholders as we'll as to the city. al
least such as will not prove sources OF htlga'
tion. a strong demand for city bonds sprung
mn. toe market became excited, rose rapidly
and closed at 37ll, fully /! per cent hlghe'
than yesterday, for new CITY Goia bearing