The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-20
$17.261,3S6 Oh
Increase. Decrease.

The demand for Money from mercantile
sources continues fair. A moderate busl-
n sss is reported at the banks, which absorbs
most of the short paper offered. On the
ings are confined chiefly to long single
named paper. The weekly statement of the
Associated Banks published below shows
that the volume Of business in loans and
discounts has been somewhat less than last
week. Stocks con tinue dull, and in most
cases quotations are nominal The few trans
actions reported indicate no change Of special
interest.
New State Consolidated Bonds are quiet and
steady. We notice only a limited movement
with no change from yesterday closing rates.
City Gold Bearing Seven Per Cents exhibit
better feeling. the closing sales indicating an
advance. Ole City Consols are reported more
freely offered at lower rates, but we have
heard of no sales.
METROPOLITAN Police Warrants and City
Scrip are nominal at previous rates. With
regard to the latter we notice that the City
Council declines to accede to the petition OF
the property holders, asking that it be received
in payment Of back taxes We also learn that
the Louisiana Oil Company has recently de-
clared dividend Of 10 % cent.
We continue to quote frst-class sixty days
paper and collateral loans at 500 5p cent per
annum. AL do at 1O@l2, and second grade
at 15M)lS. First. class mortgagessstill rule at
9@1O per cent per annum, while second grade
are entirely nominal
Gold opened at l165@1l7s. against 117s at
New York. and after limited business
closed at 117@1174, against 1174a in that mar
ket. The sales summed up $40, 600, embrace
ing $1,000 ct III, $4,000 and $4,000 at 117s,
and $1,000, $1,000 and $4,000 at 1174.
Nothing transpired in Silver. American
half dollars were still quoted at 1O991O93,
while Mexican dollars continue to rule at
-@96, gold.
Foreign Exchange was without quotable
variation. Only limited business was done
in sterling. the sales of which were confined
to 915OO and sl50O bill of lading at 6Sa.
The movement in Francs YVES Of fair ex-
tent. the sales comprising $50, 900 commercial,
embracing SO, 600 at AS, 100000 at 4.45@
4 43a, and 1000 and 10000 at 4.43a.
| At the close sterling bills were quoted at
s. 68@5. So for bill Of lading and Al clear, and
l-05.72 for bank, and francs at 4. 43a tor COM
mercial, and 40 for bank.
The sales of Stocks included $50 shares
Lamm's Fireless Engine Company at So IS,
and 100 Merchants Mutual Insurance Compa-
ny at =.
City Bonds were higher for all classes ex
cept old Consolidated, which were offered
more freely At lower rates. Inc safes IL
clnded $1,000 Old Currency Seven Per Cents
with March coupons on, at $50, and $1,000
CITY Gold Bearing Seven Per Cents at 36a
$1,000 at 36aa, $4,000 at 1853 and $4,000 at 363
At the close the latter were quoted at 365(a
36a, against 36@36a yesterday.
New State Consolidated Seven Per Gents
were firm at yesterday quotations Of 55955l
The only sale reported was $4,000 at 555. j..
No sales of 1874 City Scrip were reported
| 1t was quoted at $50, shade lower. :.
No transactions are reported in Metropoli
ltsn Police Warrants, which were still quotet
at -960.
State Warrants are without any apparen
movement. Warrants of 1874 were still quotes
at 4O(G42; 1873 and previous years, fundable
at 36G37, and do, not fundable, at-(ae3o.