The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-26

Reduction in floating debt. ....... $642,7I5 4
Included in the reduction of bonded debt
| is the item of $702, 900 wharf bonds assumed
| by Messrs. Ellerman Il Co., the wharf lessees
The Money market is without materia
| change. A moderate business is reported b,
the banks, which continue to carry larg
amount Of unemployed capital in excess o
the demands Of acceptable borrowers.
On the street, very little is doing in pape
or collateral loans. Only few sales of Golt
are reported to-day, while nothing transpire6
in Foreign or Domestic Exchange.
We heard of no transactions in New Stat.
Consols, which are quoted unchanged.
We note some movement in City Bonds a
q slight advance in the drainage series of the
gold bearing seven per cents. The list O
subscribers to the Premium Bonded Funding
Scheme received considerable additions this
morning. The amount now subscribed il
about 100000.
We continue to quote frst-class CONNER
cial paper and collateral loans at 8(09 II
cent per annum discount. AL do at 1O@12, and
second grade at 15@1S. First-class mort
cages rule at 9@10 fp cent per annum;
is an exceptional rate, while 10 appears to be
the usual figure. Second grade are entirely
nominal.
Gold opened at 113@1134, against 1l3: al
New York, and after a limited business
closed at 113@1135, against 113I in tina,
market.
The sales were confined to $4,000. com.
prising $4,000 at 112a, $4,000 at 113!, and
$4,000, $1,000, $4,000 and $1,000 at 1871.
No sales OF Silver were reported. American
half dollars were still quoted at 106(91C7,
and Mexican dollars at 949944, gold.
Under the advance in Gold at New York,
the quotations for sterling were raised Ito f9
cent higher and francs /. No transactions
were reported in either.
At the close sterling bills were quoted at
s. 495@5. SOL for bill of lading and AL clear,
and nominal for bank. and francs at 4.5Sf for
commercial and 4 55@4 $50 for bank.
New York sight continues scarce and in
limited demand, with no change in rates.
The sales comprised $47. 1000, embracing
$12. 900 commercial, and $4,000 and S25, 600
private bankers at SIG p cent premium.
We also noticed sale OF $4,000 fifteen
DAVIS Gold Check on New York at ( p cent
discount
The banks continue to check on New York
at 79 cent premium, and commercial sight
was still quoted at -@5-16.
Nothing transpired in Stocks.
City Bonds were in fair request, especially
for Gold Bearing Seven Per Cents drainage
series, which were about Z % cent higher;
other issues we're unchanged, but were held
strongly. The sales and resales of the
former with coupon, summed up $5S,0OO,
comprising $4,000, $4,000 and $4,000 at 80,
$1,000 and SIC. 900 at 324l. $4,000 at 32ss, and
$4,000 and $4,000 at 321. We also noticed
a sale of $4,000 New Currency Seven Per
Cents ex coupon. at 81
No transactions were reported in New State
Consols, which were held at 53i@53a.
No sales of Metropolitan Police Warrants
were reported. They were still quoted at 65
@7O.
Nothing transpired in State Warrants. Is.
sues of 1874 are still quoted at 5O@55
for large and $1,000 for small; 1873 and
previous years, fundable, at 35(936, and do,
not fundable, at -@29.