The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-19
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Friday Evening, June 18, 1876. I

The Money market presents no new features
of special interest. We notice fair demand
for discounts at the banks. On the street
the offerings consist mostly of long one
named paper. the rates showing hardening
tendency. We note, how ever, no change in
rates Of paper on collaterals
Stocks have been extremely dull through
out the week. Holders appear unwilling to
press the market, and there is almost an entire
absence Of demand, except for leading shares,
some of which show slight decline.
Few transactions are reported upon which
to base quotations. and the stock list remains
generally unchanged from last week. New
State Consolidated Bonds developed better
feeling and slight advance on Tuesday,
which has since been maintained with a fur
Their improvement in rates. Atthe close of the
day they were reported strong and about l
fp cent higher than last week. City Gold
Bearing and New Currency Seven Per Cents
have exhibited some fluctuations since last
Friday, receding on Saturday and Monday
and advancing again on Tuesday and Wednes-
day. when the former sold as high at 81.
Yesterday they failed to maintain the above
figures. To-day they closed quiet, and as
will appear from the reports published below,
are quoted at about the same rates as last
week. Old city consols do not participate in
these fluctuations. They are quoted steady
at previous rates, and are rarely offered upon
the market.
We were informed last week that Messrs
Morris, Tasker Il Co., Of Philadelphia, had
subscribed largely to the stock of the First
Central Diffusion Manufacturing Company, "
organized for the purpose of manufacturing
sugar, under the patented diffusion process Of
Julius Robert, Of Vienna, and now learn of
the final organization of the company by the
81 g Ia Call ~@4Sn
Otto KratZ, President; Thos. Tasker, Vice
President; A. T. Jannin, Secretary; R. Sieg,
Treasurer.
Directors at Large-John Labruise, Marcus
Brugier, b. Schultz. A. Mitchell. Charles G.
johnson.
We continue to quote frst-class sixty days
paper and collateral loans at 500 II cent per
annum. AL do at 10@l2, and second grade at
1908. First-class mortgages still rule at go
10 q cent per annum, while second grade are
entirely nominal
Gold opened at 117@117l. against 1179 at
New York, and after limited business,
closed at the opening rates in both markets.
The sales summed up $1,000 at III, $1O,-
600 and SIS, 900 at 117ss. and $4,000 and $4,000
at 1l74 .--'...
No sales of Silver were reported. American
half dollars are now quoted at 1O9@1094,
while Mexican dollars continue to rule at
-@96, gold.
Foreign Exchange was without quotable
variation. The movement was limited in
sterling. and to fair extent in francs. The
sales of the former were confined to $4,000
Al clear at 5.68. e35OO bank at 500, and
$4,000 bank at 5.72.
The sales Of francs comprised 475 600 COM
mercial. embracing 375, 600 at 4.45@4 43a,
and 100000 at 4.43a.
-
5.68M5. 69for commercial, and -(95.72 for
bank, and francs at 4. 43a for commercial, and
4 40 for bank.
We noticed little more movement in New
York sight without change in rates. The
sales comprised $94, 900, embracing $4,000 and
$4,000 commercial at ! % cent premium, and
$40, 900, $25. 900 and $40 600 bank at sic.
The banks continued to check on New York
at 4 ID cent premium, and commercial sight
was still quoted at -@5-16.
The only sale of Stocks reported was 100
shares Lamms Fireless Engine Company
formerly Ammonia Thermo Specific Propel-
ling Company at So so.
But little done in bonds City and New
State Consolidated Seven Per Cents were
quoted about the same as yesterday. The
sales included $1,000 and 5000 City Gold
Bearing Seven Per Cents at SO, and $4,000
New State Consolidated Sevens at 55i. The
former closed at about 36@364, and the latter
It about 55@55i.
Nothing is reported in Metropolitan Police
Warrants. They are held at GO.
No transactions are reported in State War
rants. Warrants of 1874 were still quoted at
100 ~; 1873 and previous years, fundable, at
'6(937, and do, not fundable, at-G930.
No sales of City Scrip were reported.
The following are the quotations of Time
md School certificates:
TINE CERTIFICATES OF 1878: |
August to December ~ 5000 |
TINE CERTIFICATES OF 1874: |
May M9o |
June Observation-Disclosures. 50@75 |
July to December Observation-Disclosures. 39@40
SCHOOL CERTIFICATES OF 1873:
December. ..................... 5o@55
SCHOOL CERTIFICATES OF 1874:
August ....................... s5@ss
september. Observation-Disclosures. 65@6S |
October Observation-Disclosures. 40@42 |
4 November. Observation-Disclosures o.
December al