The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-06

At the banks to-day we notice fair demand
for discounts, but hardly as strong as last week
On the street the inquiry was active. the ordinary
business demand being further stimulated by
the scarcity Of funds to meet maturing paper,
and the market was stringent at our quotations,
with leaning to outside rates. The payments
at the banks were Of more than usual extent, and
collections were reported satisfactory. The
tightness Of the market for a few days past has
been based upon hea thy business movement
free from speculation, and may be regarded as Il
encouraging inclination Of the increased activity
of business.
We notice limited movement in Gold, the pre-
vailing scarcity here still main tanning the rates
up to r above the New York quotations.
Foreign and Domestic Exchange exhibited con
tinued activity. with slight decline in sterling.
No movement was reported in Stocks.
In Bonds we noticed the first reported sale o.
the New Premium City Bonds, of which the par
ticulars are given below.
Generally quotations OF Securities were nomi
NAL and no transactions were reported; there be
ing little or no demand for Investments of thi
class at the present rates of the loan market.
We continue to quote collateral loans at 100ft
u cent per annum discount, AL DO at 1H0ll4 i
cent per month, and second grade at 114@lL
Fret class mortgages rule at 70 " cent per aunum
We hear Of no negotiations in second grade.
Gold opened at 1l7A@l171a, against 117ss al
at 117@117A, (4c lower than Yesterday,
against Hts in tnat market, where it touched
1175s during the interim. The sales summed uE
$4,000, embracing $1,000, $4,000 and $4,000 a
117l1a, $4,000 at III GIG, $4,000 at 1171a0el175S
$1,000 at 1175s and $1,000 at 11734.
No sales Of Silver were reported. American
half dollars were still qnoted at 110@l1011aa, and
Mexican dollsrs at 9311aa@94, gold.
Under the decline in Gold at New York, ster
ling was 2-lO u cent lower. The movement wa
of fair extent, tue sales amounting to f31 500
embracing $4,000 bill Of lading at 5.54. $4,000 do
and AL clear at 5.5411 5.541a $4,000 Al clear and
$500 bill of lading at $685. $4,000 private bank
ers' at $685. and fl0, 900 bank a. 5 So.
Francs were apparently unaffected by the
fluctuations in Gold at New York. The sales
comprised 300, 900 commercial, embracing $4,000
and 250,0O0 at Nv, 10000 at 1881, and 10000
at 4.571a.
At the close sterling bills were quoted al
5.521a@5.531a for bill of lading and Al clear, and
nominal for bank, ano francs at 4.5934 for com.
mercal and nominal for bank.
The offerings of New York sight were Of fail
extent, and met with moderate demand al
about previous rates for commercial, while the
bank checking rate On New York was "A p cent
lower. The sales of New York sight covered
$1,000 embracing 10000 commercial and s35,
900 bank at 70, $1,000 commercial and 10000
private bankers at ZIG, and $500 private bank
ers' al g.
The banks checked on New York at x y
cent discount. and commercial sight was
quoted at L@7-16.
Nothing transpired in Stocks.
The only sale of Bonds reported was 800 in
City Premium Bonds at 40. All City issues and
New State Bonds continue steady and firm.
No sales Of Metropolitan Police Warrants
were reported. They are still quoted at 65@70
Nothing was done In State Warrants. Issues
Of 1874 are still quoted at 60@65 for large, and
65g70 for small for 1873 and previous years,
fundable, at 35@36, and do, not fundable,
at -0D29.