The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-17
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening. Dec. 16, 1875.


The market to-day was easy and the demand
for Money moderate, both In bank and on the
street. Transactions in Gold and Foreign Ex-
change were oil moderate extent at slight de-
cline from Yesterdays quotations. New York
sight was in liberal supply, land rates We're a
shade lower There was a fair movement in
Stocks, particularly in bank and insurance shares.
Only few sales were reported in State and City
Bonds.
The argument upon the motion for injunction
and the appointment OF receiver in the case OF
the Maenhaut Heirs Va. the City was conclud ed
this morning.
There appears to be considerable conflict Of
opinion with rega d to the actual bearing OF the
proceedings thus far. Those favorable to the
plaintiffs infer from questions put by the judge,
that the application, 30 far as it applies to the
distribution OF funds collected and deposited to
meet the July coupons Ia we'll founded, and that
q decree will be made accordingly Should such
be the case, we presume that coupon holders
who have not accepted the so u cent ordinance,
will be paid in full the amount OF their overdue
coupons
On the other hand, there were rumors in cir
culation as to the position taken by counsel in
the argument and the probabilities OF the de-.
cision. under the effect of which the bonds OF
later issues we're quoted at an advance: Parties
in interest look with much anxiety to the result
Of this preliminary hearing.
We continue to quote exceptional paper at 91
10 ID cent per anuum discount, AL do at 120-,
and second grade at 15@ls. First class mort.
cages rule at 90l0 u cent per annum !; second
grade are entirely nominal.
Gold opened al l135. 1857. against 114ss at
New York, and after moderate business, closed
at the opening rates in both markets. The sales
summed up $4,000 embracing $1,000 at 1877,
$1,000, $4,000 and $4,000 at 1885, $4,000 at 1880
1872, $4,000 at 1872, $4,000, $4,000, $4,000 and
sll 900 at 1887, and $1,000 and $1,000 at LA.
No sales OF Silver were reported. American
half dollars were still quoted at 109@110, and
Mexican dollarslat IS gold.
Foreign Exchange ruled at previous rates up
to the close, when it was quoted little lower,
owing to the falling Of in gold at New York. The
offerings are far from being in proportion to the
The sales comprised f34 900, embracing $4,000
continental clear at 547@5.48, $4,000 and fl0,-
$1,000 do at 5.4S11la, and f2OOO bank for gold at
$50. t4
The sales of francs amounted to $40, 900 COM
mercal, embracing 100000 at 4.60@4 593S,
900 and 100 900 at 1895, zoo, 900 at 4.595s
45s4, and 10000 at 4.5S24.
At the close sterling bills were quoted at
5.471a@5 1874 for bill Of lading and AL clear,
and -@55lN for bank (bank counter rate at
-15.52), and francs at 460@4.59I for COM
mercial and nominal for bank
The offerings of New York sight being OF lib
eral extent, and meeting with only fair demand,
commercial was quoted Lie q cent lower.
The sales comprised 1898, 900, embracing s10,-
900 commercial, SIS, 600, 50 900, $4,000, $4,000
and $4,000 private bankers aud $4,000 bank
at "a % cent discount, $4,000 commercial, and
$50, 600 private bankers at L@l5-32 u cent
discount, SIS, 900 bank at 1892 $4,000 private
bankers at 15-3297-l6 % cent discount, and $40,
600 do at ZIG.
The banks continued to check on New York at
Il D cent discount while commercial sight was
quoted at u against TIC yesterday.
The movement in Stocks was flair extent. the
sales comprising SO shares State National Bank
at 500, so lido. TIA resale att 500 2 80 do at 500,
Is do. at $40, 10 do. at $40 %, 40 Old New Or
leans Gas Light Company at sl27, and some
shares Of Crescent Insurance Company and Fac
tors and Traders Insurance Company of which
the particulars did not transpire.
City Bonds continuesquiet and unchanged. The
only sale reported was $4,000 Premium issues
at 24s44
The only sales Of New State Consols reported
were $4,000 at SCI and 5000 at 565s, both sales
ex coupon; they were quoted at the close at about
661a ex coupon and 60 with coupon.
No sales Of City Scrip were reported. At the
close it was still quoted at 1905 for August to
December, 1873, Time, and for August to Decem-
Der, 1874, and 5O@52 for June and part Of May,
1874.
Metropolitan Police Warrants continued to rule
at 63@66 for 1928 issues, and 74(176 for 1874,
while 1868 9 and 1912 we're quoted entirely nomi-
nal. Nothing TRANSFERRED.
Old State Warrants fundable were still quoted
at 420143; do, not fuadable, at %. and 1874
issues at 40Ia45 NOthiup repaTted