The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-09
MONETARY.
NEW ORLEANS BULLETIN OFFICE, !
Friday Evening, Oct. 8, 1875.
NEW ORLEANS CLEARING. HOUsH

We notice continued strong demand for
Money, both at the banks and on the street. The
daily reports Of the Clearing House show much
larger average volume OF business than last week.
Street rates continue firm at previous quota
tOns. Most OF the transactions reported outside
Of bank, are at III to ~ u cent per month, and
ID cent is accepted only for rstclass cslatt ralp
The present liberal movement in cotton may be
expected to prevent any more decided stringency
in the Money market. The commercial demand
appears to be based upon healthy and vigorous
business movement.
Cash Gold has been scarce and in demand in
this market throughout the week, the quotations
for the most part ruling above the New York
market while the demand for Silver appears to
have subsidized. Under the liberal movement in
cotton and the general improvement in trade,
Foreign and Domestic Exchange continue fairly
active, the latter having suffered further de-
cline during the week.
New State Consols show some improvement,
and are now reported in good demand at ad-
vancing prices.
City Bonds, pending the first allotment under
the Premium Bond plan, are quiet but firm. The
New Premium Bonds are offered in round sums
at SO; in small amounts sales are reported at Sc
and 38.
We continue to quote collateral loans at 10 y
cent per month"; first class commercial signatures
at 1914, Al do at 1A@l11aa, and second grade
at 11a02. First class mortgages rule at ~ y
cent per annum, while second grade are entirely
nominal.
Goid opened at lIHgl!i4, against ~ az
New York, and after q limited business closed
at l16l@1l64 90 lower than yesterday,
against il61l in that market. The sales summed
up $500, embracing $4,000 at l16L0ll63s,
$500 and $4,000 at ll62, $1,000 at 1867, $1,000 at
III and $1,000 at 117I.
Owing 10 the limited demand and the decline
in Gold at New York, American half dollars are
now quoted at 1O9@l1O Q@1A per cent lower,
viii Q Mexican dollars continue to rule at $500
"a, gold.
but later in the day, under the decline in Gold at
New York, sterling ruled ITO U cent lower, and
francs "A. The movement in the former was OF
fair extent, the sales amounting to f40,500, en-
braclng Eli 600 bill Of ladlng at 5;521a@55s,
$685., f45OO do. at 5 531l. 10000 do. and Al
clear, and f4Ov0 AL clear at 5.54, and f250O bank
at 557L.
The sales Of francs comprised $4,000 COM
mercial embracing 100000 at AGO, 100000 do. at
4.6O@4.5S34, and so, 900 at
At the close sterling bills were quoted at
5.520l553 for bill of lading and AL clear, and
81 for bank, and francs.at 460@4.58& for COM
mercial and nominal for bank.
The offerings of New York sight were OF lib.
eral extent, ano met with a fair demand at Lie
q cent lower rates for commercial. The sales
comprised $181, 900, embracing $4,000 and $40, GOO
commercial and $40 900 and 81, 900 private bank
ers' and bank at % cent discount, BIC; 600
bank al 1882. and s24, 600 and s35, 600 bank at
1-1O. Wo also Hohoou Q saio oiee,o,ooo IoAAAASA
cial on Providence at GIG scent discount.
The banks checked on New York at 4 y cent
discount, and commercial sight was quoted at
u. against H01s yesterday for the former, and
L07-16 for the latter.
The only transaction reported in Stocks was 10
shares Orleans Insurance Company at s2o 70.
The Gales of Bonds included $1,000 City Premi-
nm issues at 3224, and $4,000 new State Consols at
54%. City issues continue quiet and firm,
while new State Consols are in demand and a y
cent higher, being quoted at the close at 541a.
No sales of Metropolitan Police Warrants
were reported. They are still quoted at 65@7O.
Nothing was done in State Warrants. Is
sues of 1874 are still quoted at 6O@65 for large,
and 65Gl7O for small; 1873 and previous. years,
fundable, at 35@36, and do, not fundable, at
@29.
no transactions reported.
The following are the quotations OF Time and
School Certificates.