The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-12
MONETARY.


NEW ORLEANS CLEARINGHOUSE.
Clearngs. Balances.
October 9.......... 81, 449,47 Ga $685. %
October H.. 1912, 469 SO 1l6,079 80
Thus far this week. 2,6s1, 94s 60 311,41s "A
Same time last week 2,204 879 SO 1875 o.
Total this week. 80. 1925, 4S7 OF 1851 81
Total week before. 4,S4l,439 81 634 ,y2l Sc
The demand for Money continues active, and
is appare ntly based upon legitimate business
movement. On he street the tendency seems
to be toward cas- er rates, but In some instances
we learned that first-clsss paper was found diff
cult to place at our quotations. We notice the
receipt # some 5000, 600 currency from the North,
probably the precursor Of larger amounts, the
present discount on domestic bills making it pay
to order currency by express.
Cash Gold continues scarce with the local de-
mand still sufficiently strong to maintain the
rates above the New York market. The move
ment in Foreign and Domestic Exchane was fair,
at slightly lower rates for Sterling.
In Stocks and Securities no sales were reported,
and the market was without any feature OF in
terest.
We continue to quote collateral loans at 10 q
cent per month, first class commercial signatures
at l01lI, Al DO at 1IWlL, and second grade
at 11a92. First class mortgages rule at 10 Z
cent per annum; second grade are entirely
nominal.
Gold opened at 1163s@l165s, against 1867 al
New York, and after fair business closed
at 1161a91l6s4, against 1867 in that market
The sales summed up $4,000 embracing $1,000
and $4,000 at 1161l 10000 at 1865, $4,000 a.
116A@l167s $4,000 and $4,000 at 1867, $4,000 Al
1867 911s, $1,000 and $4,000 at 1161s, and $1,000
| at 1T.
No sales of Silver we're reported. American half
dollars were still quoted at 109@110, and Mexican
dollars at 931l@94, gold.
| Under liberal offerings Foreign Exchange wal
little lower for sterling, while francs were I'm
| changed. The sales of the former comprised
f52, 500, embracing $4,000 bill of lading at $50
f250O do at 5.52@5. 551a f7500 do at -@5.5214
Eos, 900 do, and fl2, 900 DO and Al clear at 1927
$4,000 Al clear at $50, f25O0 bank at 5.5614a, AM
$1,000 bank at 1914.
The only sales of francs reported were 5000
commercial, at AGO, and %, 900 ON Italyat =
| At the close sterling bills were quoted a
551@5.52 for bill of lading and Al clear, an
l-015. So for bank, and francs at AGO for com
mercial and nominal for bank.
The offerings of New York were Of fair extent
and met with a moderate demand at previou
rates. The sales covered 100000, embraciD
$40, 900 and $4,000 commercial and SIC, 600 an
$4,000 bank at 10 58 cent discount, and SAC, O0
bank at 7-16. We also noticed sales of $1,000
commercial on st. Louis at "a = cent discount
and &c. CO on Providence at 9-16
The banks continued to check on New York
X y cent discount, and commercial sight wa
sIill quoted at "a.
In stocks we noticed few sales OF railroa
shares of which the particulars did not transplr'
No saes of Bonds were reported. City issue
Of the old denominations were quoted quiet an
firm, and premium issues at 33t934, while No
State ConsOls ruled strong at 541la0544.
Nothing TRANSFERRED in Metropolitan Police Wa
rants; they were still quoted at 65070.
State Warrants are without any apparent NOV
ment. Issues of 1874 are still quoted at 60@t
previous years, fundable, at 35@36, and do, NJ
! | fun1ahla at -Im21.