The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-16
MONETARY:

Thus far this week 50 454.G97 81 s27s,0a8 :
Same time last week 1890, 742 % 424,3OS :
Total last week. $3.50 II, 3s4, 067 "a 1059,642 8
Total week before. 9,Gi6. 968 II 1,062, 597 A
The Money market continues inanimate
with little demand for the ample supply {
capital lying idle in bank. All offerings Q
approved business paper are readily accepted
but the supply is limited. We notice bu
little doing on the street where Al signature
are readily negotiated at our quotations an(
occasionally at a shade less. As we have be
fore noticed, the scarcity of good business
paper is caused by the limited movement il
most branches Of trade, aud has been more
seriously felt by our banks than at any time
before since the war.
We continue to quote frst-class paper ant
collateral loans for sixty days at 6G9 p cent
per annum; Al do at 100, II, and second
grade at 15M1lSc First-class mortgages now
rule at 9G1l0 p cent per annum, while
second grade entirely nominal.
Gold opened at 1l5iGlll53, against 1l5 al
New York, and, after a moderate business
closed at 115lN11l5l, against JIG in that
market. The sales summed up 1900, EN-
bracing $1,000 at 1lJ. $1,000 at 115l, $50, 600
at l5iNl 1153. and $4,000 and $4,000 at 1l5t.
No sales Oh Silver were reported. American
half-dollars were still quoted at 107aN110S,
while Mexican dollars now rule at 96(196l
gold.
Sterling opened at previous rates, but IN
der the influence Of the last dispatch from
New York quo iag gold at at llG, which more
than counteracted falling off in bills, the
market osed fully Ito q cent higher The
movement was of moderate extent, being CON
fined to e29, 600, embracing cl000 Al clear at
$50, e350O bill Of ladng at 5.50l f1000 Al
clear at SOL 60, 500 Al clear at . SOFAS 81,
.G4OOO bill of lading at so, ES000 do at J. 12GG
5.524, and e2000 bank at 5.54.
Commercial francs were a shade lower,
while bank was unchanged. The movement
was of liberal extent, amounting to So, 600
commercial, embracing It's, 900 and $50, 900
at 4 5Si, 300, 600 at 4 5SiG54 81 and $50, 900
at 4.57j
At the close Sterling bills were quoted at
5.51G15. 529 for bill of lading and Al clear,
and : cn554a for bank, and francs at AS.
for commercial, and A. $50 for bank.
The offerings of Domestic Exchange were
of liberal extent and met with a fair de-
mand at previous rates. The sales Of New
York sight covered $3l6.000 embracing
200 commercial, So, 900, $4,000 and
100000 private bankers, and $40 600 and
$4,000 bank at 5-32 T. cent premium, and
$50, 900 private bankers at3-16. We also no.
ticed sales of $4,000 commercial on Pro-
vidence and SEA, 900 on Boston at lie r. cent
cent discount.
The banks checked on New York at ] p
cent premium, and commercial sight was still
quoted at 10.
In stocks we heard of some sales of bank
shares, of which the particulars were withheld.
City Bonds were steader, while new State
were in better demand at improved rates.
The sales included $4,000 City Gold Bear
ing Seven Per Cents at 49,, $4,000 do at 1853,
and $40, 600 new State Consolidated Seven
Per Cents at AZ. The latter closed at about
4T@4S.
Nothing transpired in City Appropriation
Certificates; they were still quoted about 37(a
SO.
There are no Metropolitan Police Warrants
on the market, and quotations are entirely
In State Warrants we noticed sale of
S17OO Legislative Per Diem at 9lGe9i Old
were quoted at the close at 30, New at 53@l55,
and Legislative Per Diem at 93GG91.