The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-04
MONETARY.
OFFICE NEW ORLEANS BULLETIN, |
Friday Evening, Sept. 8, 1876.

The Money market during the past weel
has presented few features of interest Th'
demand for Money, which has been moderate
throughout the week, appears to have beer
more brisk to-day, and good business il
discounts is reported. Good short paper is
of course, readily taken by the banks and lit
tie is left to be done on the street, where
very light business is reported.
Gold and Exchange have shown some fuc.
tuations; the former which has been higher
and somewhat unsettled in New York, since
last Friday, was quoted here to-day at slight
advance upon the New York quotations, a
local scarcity of cash gold being assigned as
the causes. Stocks, which have been quiet
through the week, showed some little ANNA
ton to-day, as will appear from the transac.
tons noted below, while the only movement
reported in Bonds was the sale of few City
Gold Serens.
We continue to quote first-class CONNER
cisl paper and collateral loans at S(19 p
cent per aunum discount. Al do at 10@12, and
second grade at 15@18. First-class mort
cages rule at 9@10 p cent per annum; is an
excephonable rate, while 10 appears to be the
usual figure Second grade are entirely
nominal.
Gold opened at 11ss@1149. against 1144 at
New York, and otter q moderate business
closed at 114@114s (sc higher than yester-
day. owing to the scarcity Of cash Gold,
sales summed up $34, 300, comprising $1,000
at 113s, 5000 at ia, $4,000 at 114s, $4,000
and $1,000 at 1l44, and $4,000 at 114Ss.
No sales of Silver were reported. American
half dollars, being scarce and in request, are
now quoted at 107@1O8. while Mexican dol
lars continue to rule ut 94@943 gold.
Owing to the limited movement in cotton
Foreign Exchange exhibited scarcely any
movement, and the market was without quo
table variation. The only sale of sterling re-
ported was eSO0 bank, at the counter, at $50.
Nothing TRANSFERRED in francs.
At the close sterling bills were quoted at
5.5O@5. 81 for bill of lading and Al clear, and
nominal for bank, and francs at 457a for
commercial, and $50 for bank.
New York sight continues scarce in limited
request, and unchanged. Some of the banks
continue to remit currency rather than pay
only sale reported was SIS, 900 private bank
ers' at 5 16 p cent premium.
The banks continued to check on New York
at { 7p cent premium. and commercial sight
is still quoted at -@5-16, which has been
the ruling rate since the 10Th of May, -four
a longer period at the same figures
than has ever before been known in this
market.
We noticed more movement in Stocks. The
sales included 26 shares New Orleans In
surance Company at S2S, 16 and % Mer-
chants Insurance Company at $50, 10 Hibernia
National Bank at S64 so, and 10 do at S65.
City Bonds are stronger, as will be seen by
our stock list below. The sales included
$4,000 Gold Bearing Seven Per Cents drain
age series) at "a, and $4,000 and $1,000 do
It 34A.
New State Consols are weaker. No trans
actions were reported.
Metropolitan Police Warrants are only in
request for small amounts, which are held at
70, while round lots command only about Is.
No sales were reported.
Under the impression that the Treasurer
will be in funds to meet 1874 issues Of State
Warrants in October, they are in request
with but few offering, and are now held at %
AGO for large and 60@65 for small. Issues
IF 1873 and previous years, fundable, are
still quoted at 35@36, and do, not fundable,
It -@29. Nothing transpired.
No transactions are reported in City Scrip,
md quotations are nominal
The following are the quotations of Time
md School Certificates:
TIME CERTIFICATES OF 1873.
August to December. Observation-Disclosures. 30935
TINE CERTIFICATES OF 1874:
May. 653e5
June 45G65
July to December ACKNOWLEDGEMENTS. 35@3S
SCHOOL CERTIFICATES OF 1873:
$3.50
SCHOOL CERTIFICATES OF 1874:
august. ................................ ss@ss
september. NEUTRALITY-SUSPICIOUS.. ESQ.,
october Observation-Disclosures. 400
November. Observation-Disclosures. $50
December. NEUTRALITY-SUSPICIOUS.. 20@-