The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-24
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, Sept. 90, 1875.

The offerings at the banks continue liberal,
and all short paper with approved signatures
is readily accepted, while on the street the
demand is stronger and lenders are more
stringent in their pretensions, with only &C.
casional transactions reported under 10 Ts
cent in collateral loans or frst-class sigma
lures. Under these circumstances we par
TALLY advance our quotations. The demand
for discounts appears to be quite general,
with some increase in the offerings of cotton
factors paper. The Money market presents
fair indication Of the general movement in
business, particularly the wholesale branches,
where decided improvement is observed as
compared with last year.
We quote first class commercial paper and
collateral loans at 10@11 % cent per an
mum discount, AL do at 12G913t and Is, and
second grade at 1908 We notice no move
ment in mortgages, except in first class,
which are still! quoted at 10 9p cent per an
mum. A more liberal movement is also no.
ticed in Foreign Exchange and in New York
sight.
State Bonds are quiet at about previous
quotations. There is some occasional inquiry
for City Bonds for investment in the funding
scheme. We heard of one sale to-day at about
our quotations, but were unable to obtain the
Gold opened at 11e4 @1164 against 116s at
New York, and after q fair business closed
at the opening rates in both markets, touch
ing 1165 during the interim at New York.
The sales summed up $4,000, embracing
$4,000 at 116t, $4,000 and $1,000 at 1861 $4,000
at 1l6a@116t. $4,000 at 1l6a, and $1,000,
$4,000 and $1,000 at ll6s.
No sales of Silver we're reported Ameri-
can half dollars were still quoted at HOG
1lOk, and Mexican dollars at 934@94 gold.
t. of
figures, soon hardened on the advance in gold
at New York, but on its subsequent decline fell
off 2-1O 79 cent for sterling from yesterday 8
closing quotations, and ! for francs, closing at
the decline. The sales of sterling were of fair
extent, amounting to e17,600, comprising
$4,000 AL clear at 531 e600 $4,000 and e2500
bill of lading at 5. 81, e40O0 private bankers
at 544, e2500 bank, at the counter at 5.5S,
and q $1,000 Continental commercial bill at
5524.
The only sale of francs reported was 10000
commercial at 4 81.
At the close sterling bills were quoted at
552C7,5 SO for bill OF lading and AL clear,
and 005 81. for bank, and francs at 4.5Si@
4 571 for commercial and nominal for bank.
We noticed a more liberal movement in
New York sight, and decline of % cent on
the outside quotations for commercial. The
sales covered SlS2,OO0, embracing $4,000
commercial days sight, and $4,000
sight at y cent discount, SIS, and
$50, 900 latter, 100000 private bankers and
bank, and $4,000 private bankers at BIG,
and So 900 private bankers lat !.
The banks continued to check on New York
at I p cent premium, while commercial
sight was quoted at q cent discount
against 4@b yesterday.
No sales of Stocks were reported.
A large transaction was reported in City
Bonds. Of which the particulars did not
tran ,pire. The market is quiet and firm.
The only sale reported in New State Con-
soils was $4,000 at 81, which was the asking
rate at the close, while buyers were offering
$50.
No sales of Metropolitan Police Warrants
were reported; they are still quoted at 6597O
Nothing transpired in State Warrants;
Issues of 1874 are still quoted at 5000
for large, and 60@65 for small; 1873 and
previous years, fundsble, at 35@36, and do,
not fundable, at -@29.