The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-16
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Friday Evening, Oct. Is, 1875.
NEW ORLEANS uLEARIN0.HOU6E.

The New Orleans Stock Exchange was formally
opened for business to-day. The call at II NJ.
manifested by capitalists as well as brokers in
the new enterprise. We noticed some increased
animation in the market accredited to the pre-
vaiiing impression that the guarantees OF relia-
bility and the better facilities for operating Of
fered by the Exchange would tend to more activ-
ity IN securities.
The week just past has been an active one in
the Money market. The average volume Of bank
clearances is considerably larger than last week,
and the banks report steady offerings, based
upon healthy and legitimate business. On the
street we notice tendency to an easier market,
with less demand for money to-day, and few
collateral loans offering. Some $4OG, 900 in cur
rency have been received from the North, proba-
bly, under the influence OF the low rate OF New
York sight during the early part OF the week.
We notice, however, that the latter ruled higher
yesterday, and was in fair demand at further
advance to-day.
The local demand for cash Gold has maintained
the rate above the New York market throughout
the week, while Foreign Exchange has been in
fair supply.
A better feeling is reported in Stocks which
appear to be more in demand; while new State
Consols are stronger and City Bonds quiet.
Wecontlnue to quote collateral loans at 10 T3
cent per month, first class commercial signatures
at 1917, Al co at 14@l1a, and second grade
at 11a612. First class mortgages rule at 10 IL
cent per annum' second grade are entirely
nominal.
Gold opened at 1161a@l1694, against 1867 at
New York and after a moderate business closed
at 1167.@1171s, &c higher than yesterday,
against III 10 that market The sales summed
cd $33, OOO embracing $4,000 at 1867, $4,000 at
1f61s, $1,000, $1,000, $1,000 and $4,000 at III.
No sales Of Silver we're reported. American half
dollars are now quoted at 10S11a@1091a, against
iO9@l1O yesterday. while Mexican dollars con-
tinued to rule at 9311aa@94, gold.
The advance in Gold at New York being coun-
teracted by the decline in bills there sterling
was little lower for commercial, while francs
were unchanged. The movement was OF fair ex-
tent. The sales of sterling comprised f27, 600,
embracing f2000 bill off lading and f2OOO Al
clear at 5.4915 $4,000 Al clear at 49@5.50, $4,000
bill OF lading at $40 $4,000 bill oflading,
$1,000 and $1,000 Al Clear and $4,000 bill OF ladlng
and al clear at $50, and $4,000 bank at $50.
The sales of francs amounted to $4,000 COM
mercial, embracing loo, 900 at AGO, and 100000
and us, 900 at 4.sS34.
At the close Sterling bills were quoted at 5 40
@5.50 for bill of lading and Al clear, and
5.5S@5.54 for bank, and francs at 4.6C@i.es24 for
commercial, and nominal for bank.
The offerings Of New York sight being Of mod
crate extent, and the demand good, commercial
was quoted Lie q cent higher.
The sales amounted to s270,0C0 comprising
$50, 600 commercial at Z y cent discount, $780,
600 do, $4,000, $4,000 and $4,000 private
bankers, SIC, 900 do and bank, and $40, coo at
The banks continued to check on New York at
u % cent discount, while commercial sight was
quoted at 4, against 1868 yesterday.
The sales at the Stock Exchange to-day COM