The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-17
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, Sept. 16, 1875.
NEW ORLEANS CLEARINGHOUSE.

A good demand for discounts is reported a
| the banks, which respond readily to all offer
| ings of prime short paper. We also notice al
increased inquiry on the street with freel
offerings. Rates have hardened, and we nov
raise our rates for first-class commercial papel
without collateral to 9@10 y cent per annum
discount, but still quote AL at 10@12, an6
second grade at 15@18. Good collasera
loans are scarce, and, with three to foul
months to run, can be negotiated at Sos
First-class mortgages still rule at 9@1O q
cent per annum discount. Second grade art
entirely nominal.
Gold declined in correspondence with the
New York market. There was moderate de-
mand from importers for Custom-House pay
ments. The inquiry for Silver for shipment
to Texas continues good and brisk, and in
face of the decline in Gold, the rates showed
on advance
Some movement was reported in Stocks,
and we noticed demand for City Bonds fol-
investment in the funding scheme. The Ad-
ministrator of Finance expects to receive the
new bonds next week, when arrangements
will be at once made for exchanging them for
the old, and for carrying out the other features
of the scheme.
In this connection we notice that the Funding
bOdIu duJOuAAOA o6hAA sO'ooJ AOA UonI VA u
quorum.
Gold opened at 1164 @116a, against 116s at
New York, and after fair business closed
at 116@1164, against 1164 in that market.
The sales summed up SAT- 500, comprising
$1,000 at 1l6l. $500 at 116s, $ll, 200 and $780,
600 at 116$@1163, $1,000 $4,000 and $4,000
at 1851, and $4,000 at 1863
Silver is scarce, and being in demand rules
- cent higher for American half dollars,
which. are now quoted at 1095@1101. Mex
can dollars continue to rule at 935@94. No
transactions were reported in either.
Under the decentralization in bills and the
decline in gold at New York, sterling showed
a falling off at the close of fully % cent,
and francs of 2 cent. The sales of the
former were confined to GS500, comprising
$4,000 bill of lading and AL clear at 5 500
s. SO, G3500 bill Of lading at SO, and 91OOO
bank at 55S, all made early in the day.
Nothing transpired in francs.
At the close sterling bills were quoted NOM
inal at 5.4S955 so for bill of lading and AL
clear, and entirely nominal for bank, and
francs nominal at 4.58a@4 574 for CONNER
cial, and nominal for bank.
In New York sight we noticed sales of
5000 commercial at u cent discount, and
S45, 900 private bankers and bank at
The banks checked on New York at 5(94 p
cent premium, against ! yesterday and
commercial sight was quoted at 4@- u cent
discount, against - yesterday.
The sales of Stocks included 25 shares Fac
tors and Traders Insurance Company at SSS,
rs Canal Bank at sol, and New Orleans
City Railroad Company at S130.
We noticed some inquiry for City Bonds,
but no transactions were reported. The mar
ket continues steady and firm.
New State Consols were dull and lower, be-
ing quoted about 53@53I, against 534 yester-
day. No transactions were reported.
Nothing TRANSFERRED in Metropolitan Police
Warrants; they are still quoted at 65@70.
Nothing was reported in State Warrants. Is
sues of 1874 were still quoted at 5000 for
large and 60@65 for SMALL 1873 and previous
year., fundable, at 35036, and do, not fund
obla Of -M29