The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-25
MONETARY.
OFFICE NEW ORLEANS BULLETIN.
Monday Evening, May "a, 1876.
NEW ORLEANS CLEARINGHOUSE.

We continue to quote frst-class sixty days
paper and collateral loans at 899 % cent per
annum; Al do at 10@12, and second grade at
1908 First-class mortgages still rule at
90lO ~ cent per annum, while second grace
are entirely nominal.
One or two of the principal banks reported
more business doing and better demand for
Money from general mercantile sources than
has been noticed for some time past. This
Improvement, however. was not manifested
by the general Money market, which presents
no decided change. One or two days OF
spasmodic activity seems to be generally fol-
lowed by quiet for the rest of the week, and
there is little immediate prospect OF decided
reaction. Bankers, however, are disposed to
look forward to the revival Of q healthy and
permanent activity at an early day.
A limited movement in Gold and Foreign
Exchange to-day showed slight advance in
the former, the latter closing without change
in rates. Stocks are quiet, with only one
transaction reported. State Bonds are droop-
ing, while city Bonds are quiet and weak.
Metropolitan Police Warrants are lower, as
will appear from the quotations given below,
while other securities are generally I'M
| changed.
The circular of Mr.. Arthur Kimber, of 70
Lombard street, London, which was received
| bv various bankers here on Saturday and to-
day. relative to the proposed action Of foreign
holders of Louisiana bonds with reference to
the funding bill, is not regarded as OF great
significance by financial authorities here.
| The unusual asperity of language applied
by the writer to the action of the State in
funding her debt is attributed to an ignorance
of the circumstances of the case. MIR. KEN
Der, who is not generally known to fnanciers
here, is, we learn, the Secretary Of an associa-
ton of holders Of Louisiana bonds in Eng
land.
Gold opened at 116@116s against 116s
closed at 1l6s@1l6s against 116s tn that
market. The sales summed up s29, 900. en-
bracipg $4,000 at 116, $1,000 at 116s, 5000
At 116iOl164, and $1,000 and $4,000 at 11644.
i Nothing TRANSFERRED in Silver. American
half dollars were still quoted at 1O8@1O9,
and Mexican dollars at 96@963, gold.
il Under the inf of the advance in gold
at New York, Sterling was fully lilo p cent
higher, aud francs nearly /. The sales Of
Sterling were confined to e4, 500, embracing
$4,000 Al clear at 5. 63l, $4,000 bill OF lading al
s. 631, Ell 900 do and Al clear at 1864 "a
and G5OO bank at 566.
The only transaction reported in francs
was 225, 900 commercial at 4.47a0-.
At the close Sterling bills were quoted a.
s. 6305 GA for bill of lading and Al clear
and 0(05. &c for bank, and francs at 4.474@-
for commercial, and 4 43a for bank.
We have no change to notice in New YorE
sight. The sales comprised $l55,OOO EN-
bracing 5000, commercial at / f9 cent pre-
MUM, and 1926. 900 and $4,000 commercial
and $4,000, $4,000 and $4,000 privat
bankers, at SIG.
The banks continue to check on New Yorl
at { 7e cent premium, and commercial sigh
is still quoted at 5-l6.
There is but little movement in Stocks
The only sale reported was SO shares st
Charles Street Railroad Co. at S76 SO.
. City Bonds continue quiet and weak TO
nearly all issues. New City Currency Sever
Per Cents were still quoted at 81, and Git.
. Gold Bearing Seven Per Cents at 33a
New State Consolidated Seven Per Cent
, are dull and dropping; the market close
}, about S. The only sale reported was $500
(early) at $685. 400
In City Scrip we noticed sales OF SlOO
Q City Time of 1874 at 40a and $4,000 at Al
: Metropolitan Police Warrants we're inanl
mate, and quoted at about 65, or 5(96 u cen
:. lower; possibly affected by the suit pendln
9 in the State Supreme Court.
$ The only sale reported in State Warrant
was $1,000 Legislative Per Diem at SO. Wal
rants of 1874 were quoted at 41@42, 1873 an
previous years, fundable, at 3793S, do, nc
: fundable, at 900, Legislative Per Diem
= 97@98.