The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-02
MONETARY.
OFFICE NEW ORLEANS BULLETIN, !
Friday Evening, Oct. 1875.

The Clearing House statement shows thai
the movement of the past six days has beer
of greater volume than that of the previous
week. The demand continues active. bott
in bank and on the street, and the eff4rinei
of paper are still in excess of the loanable
funds. On the sire ct articularly the market
has been stringent throughout the week.
Some parties are ofopinion that the payments
on the 4th will place considerable sum for re.
investment at the present tempting rates. We
have no change to make in our quotations.
The activity in the market is regarded as a
fair index of the increasing business move
ment. The situation is believed to be more
promising than for several years past.
| The high rate Of Gold continues to be an
interesting feature; at present there seems to
be no indication of its settling down perma-
nently, and no immediate prospect of relief
to the prevailing scarcity.
| The improvement in general business has
been followed by more activity in Foreign
and Domestic Exchange, but the sales of both
were only moderate.
Under the present commercial demand for
Money, there is little movement in Securities,
and only occasional transactions are reported
in Stocks and Bonds.
| We notice that the city Administrator of
Finance is now engaged in preparing and
signing the new City Bonds to be exchanged
| under the premium bonded scheme, and ex-
poets to have them ready for distribution in
few days.
We continue to quote collateral loans at
10a12 ~ cent per annum discount, frst-class
commercial paper at 100, AL do at 1s@1l
f9 cent per month, and second grade at 15@
Is. First-class mortgages rule at 10 f9 cent
per annum. We hear of no negotiations in
second grade.
Gold opened at 116a@117 against III
at New York, and after limited business,
closed at 1l6s@1165, (Bc lower than yester-
day, against 1863 in that market. The sales
summed up 500, 500, embracing $1,000 at
1l6s, $4,000 at 116a, $4,000, 5000 and $4,000
at ll65, and $500 al LII,
No sales of Silver we're reported. Ameri-
can half dollars were still quoted at HOG
1lOt, and Mexican dollars at 1904 gold.
Owing to the decline in Gold at New York,
sterling gave way ITO p cent. The sales
comprised el5, 200, embracing $4,000 bill of
lading and $4,000 AL clear at 5 53t, el200 bill
of landing and e250O and e45OO AL clear at
Ssh
Francs were unchanged. The only sales
reported were $4,000 commercial at 4. 59ss and
35, 600 do at $50
At the close sterling bills were quoted at
s. 52J@5.5 3a for bill of lading and AL clear,
and nominal for bank, and francs at 60
@4 $50 for commercial, and nominal for
bank.
The offerings of New York sight were of
liberal extent, but meeting with only mod
crate demand, commercial was quoted Lie q
cent lower. The only sales reported were
$50, 900 private bankers at SIG y cent dis
count and $50, 600 do and commercial at !.
The banks continue to check on New
York at par, while commercial sight was
quoted at SIG q cent discount, against /
yesterday.
Nothing transpired in Stocks.
The only sale of Bonds reported was $1,000
New State Consols at $50. Both City and
New State Consols continue steady and firm,
as will be seen by our stock list below.
Nothing transpired in Metropolitan Police
Warrants; they are still quoted at 659O.
We notice no movement in State Warrants.
Issues of 1874 ara still quoted at 60@65 for
large, and 65@7Oc for small /; 1873 and prevI-
GUS years, tundable, at 35@36, and do, not
at -@29.
Nothing was reported IN City Scrip.
The following are the quotations OF lime
and School Certificates:
TIME CERTIFICATES OF 1873.
August to December. .................. 3'g5o
TINE CERTIFICATES OF 1874:
: May. .............-. ....-.............. oOS'0