The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-05
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Thursday Evening, Nov. 4, 1875.

The payments in bank to-day were unusually
large, reaching probably $4,000, 90, the whole OF
did not even hear OF renewals being applied for.
The Money market under these heavy payments,
was necessarily tight, there being no funds to
spare after providing for the days maturing
obligat Ons, and rates hardened on the street.
The payment of discounted paper must, however,
have materially increased the available FUNDS OF
the banks. and we may therefore look for less
stringent market tomorrow.
At the same time there is constant drain OF
currency to the country, which thus far has been
only partially made up by receipts per express
from New York, but with sight Ut 5s(G4 u cent
discount, it is reasonable to expect that there
will be a sensible increase in the volume flowing
from that center to provide for cotton purchase
The movement in Gold was moderate, cash gold
continuing to rule above the New York rates.
The last statement of the New York banks shows
specie increase Of several Millions and dispatches
to-day report that market flat, from which II may
be inferred that there is 10 pressing scar ATTY
there. sales of Foreign Exchange were also or
moderate extent, with slight decline in rates.
More animation is reported in Securities, par
ticularly in City Premium Bonds:
We continue to quote collateral loans ana nrst-
class commercial signatures at -@1 u cent per
month, Al do at 1@14, and second grade at
lLM-. First. class mortgages rule at IL y cent
per annum; second grade are entirely nominal.
Gold opened at 1151s@l152s. against ll4a at
New York, and after a moderate business closed
at 1l5a@ll5s4, against 1885 in that market,
The sales summed up s26, 0OO, embracing $1,000
at 1857, $1,000 and $4,000 at 1875, 5000 ll51a,
$4,000 at 1857, and $4,000 at 115s40l15s.
No sales Of Silver were reported; American can
half-dollars are still quoted at 1OJc9llU, ann
Mexican dollars at $685., gold.
The advance in Gold at New York being coun-
teracted by the decline in sight in this N arket
sterling was 1aac or LILO u cent lower ana uancs
Is Y cent. The movement was moderate err soo
The sales Of sterling comprised 65500, EN-
bracing $4,000 bill Of lading at 5.441s, 4looo &c
at S.45, f1s,5OO do at 1905 Az, $4,000 DC
and al clear at 5.45@5.4511a,an $1,000 AL clea'
The sales Of francs embraced $4,000 com
mercal comprising 100000 at 1861 0I4.65ss
and $1,000 and l60 600 at SO. >,
| At the close sterling bills were quoted nomlna
1t 54411.0g5.451l for bill OF lading and Al clea
with no rate for bank and francs. nomlnal
| az for commercial, and with no rate for bank.
The offerings OF New York sight being OF YER;
liberal extent, and in excess OF the demand
commercial fell off nearly a y cent Inc sale
comprised 1858, 900, embracing $40 0OO CONNER
c It cent discount u5t oo s s9O doo sng
600 private bankers, and SIS, Ov0 and s22,ooo pam
at u, 5000 and $4,000, commercial at 9-lo' an
The banks continue to check on New York
IL y cent discount, and commerelal sisn' 'loee
i nominal at "a, against "a YESTERDAY:
1 We notice more activity in Securities, partlcu
larry in City Premium issues. NJ,
The sales Of Stocks included ~ shares Ne'
Orleans Mutual Insurance Company at 81 an
some Louisiana Levee Company, OF when III
particulars did not transplre. ann -,., n,
The aIes of Bonds comprised s25. 900 CITY IRE
mimi issues. embra cling $40, 600 at q, SIC, O0O
27I and 5000 at 281s; $4,000 New City Gu Gu
rency Seven Per Cents, embracing slo Ooo at 2oz
SO 600 at 2S5s, and $4,000 at 2s and 5000 noo an
$500 New state Consols at 81 and Soooo
49, We.also noticed sale OF $1,000 Dralnag
Coupons at 49, Also, at the Stock Exchans
$500 City Premium issues at %, $4,000 40
2s11s, $4,000 Old City Currency Seven Per Genus
29s4. and $500 in Drainage Coupons at ~.
Metropolitan Police Warrants were still quote
at 70@72. No sales were reported.
Nothing transpired in State Warrants; ISSUE
of 1874 are now quoted at $3.50 for large az
6OQ62 for small; 1873 and previous years, fund
Bile at 35G36, and do, not tundable, -fg29.