The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-02
MONETARY.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, July l, 1876.
Nvu ppr uoror

| The market to-day presented no material
change. The demand for discounts was linn
| itedy except at one or two of the princip pal
| banks, where we noticed fair amount of bus
mess. On the street prime commercial paper
continued in good demand and very light
supply. Very little was done in Stocks. New
State Consols were inactive and quoted about
the same as yesterday, while City Gold Bear
ing and New Currency Seven Per Cents
showed more ANNA ion and slight improve
ment in rates.
We learn that coupons upon Old City Con-
solidated Bonds, due to-day, were presented
at the City Hall, and not being paid, were
| formally protested. We notice that the Citi-
| zens' Savings Bank has declared a semi-an-
nual dividend of 10 79 cent, Of which 79
cent is payable to stockholders on demand,
and 8 fp cent is to be placed to the credit Of
the reserve fund.
We also notice that the Workingmen's Bank
is now paying the semi-annul interest to de-
positors.
We understand that subscriptions of stock
favorably.
We continue to quote first-class CONNER
cal paper and collateral loans at sos p cent
per annum, Al do at 1O@12, and second
grade at 15@18. First class mortgages still
rule at 9@10 ID cent per annum, while second
grade are entirely nominal We noticed a
sale to-day of $40, 900 frst-class at 10 Il cent
per annum.
Gold opened at 116s@117s, against 116s at
New York, and after limited business closed
ct ll7s@ll7s against liz q in i'm that market.
$4,000 at 116s, $4,000 at III, $4,000 at 117!,
and $4,000 and $4,000 at 1174.
No sales of Silver were reported. American
half dollars were still quoted at 109@1094,
and Mexican dollars at 93@934 gold.
Foreign Exchange was without quotable
variation, and the demand was limited. The
sales Of sterling were confined to e97OO, COM
prising 9l20O bill of lading at 5. 67a, $4,000 do
and e150O and $4,000 AL clear at 5. 6S $4,000
bank at S 72t, and $4,000 do sight at s. 75t.
The only sale' of francs reported was
$4,000 commercial at As @4.43s.
At the close sterling bills were quoted at
5 679@5. 3d. for bill Of lading and Al clear,
and -@5,72 for bank, and francs at AS
@443a for commercial and -@440 for
bank.
New York sight was quiet and unchanged.
The sales were confined to $25, 600 private
bankers at 9-32 79 cent premium, and $4,000
commercial and $4,000 bank at SIG. We
also noticed a sale of $4,000 sixty days sight
on New York at 7p cent discount
The banks continued to check on New
lork d. j e ceht premium, ana commercial
sight was still quoted at -95-l6.
Nothing was reported in Stocks except
some shares of New Orleans Insurance Asso-
citation and Peoples Bank, the particulars of
which were withheld.
City Bonds were more active, particularly
City Currency Seven Per Cents, which were
quoted at the close at about 34l and City
Gold Bearing Seven Per Cents at 354@-,
both about 4(94 u cent higher than yesterday.
The sales and resales of Gold Bearing Seven
Per Cents summed up $4,000, embracing
$4,000 at .34s, $4,000 at IS, $4,000 at 35i, |
SIS, 900 at 35l, $4,000 at $50, and 900 at
354. The only sale of New Currency Seven
Per Cents was $4,000 at 81.
New State Consolidated Sevens Per Cents |
were unchanged. The only sales reported |
were $4,000 and $4,000 at so.
City Scrip is little lower, being quoted at |
37@3S, against 3S@39 yesterday. No sales
were reported.
Nothing transpired in Metropolitan Police
Warrants, which are now qoted at -@65,
against 621065 yeterday.
No sales of State Warrants were reported. |
Issues of 1874 are still quoted at 40@42;
1873 and previous years, fundable, at 36937,
and do, not fundable, at -@30.