The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-20
MONETARY.
NEW ORLEANS BULLETIN OFFICE, J
Tuesday Evening, Oct. 10, 1875.
NEW ORLEANS CLEARINGHOUSE,

At the annual meeting of the New Orleans
Clearing House Association held last night
the following officers were unanimously re-
elected to serve the ensuing year: President,
John g. Gaines, President Citizens Bank of Lou
isiana; Vice President, S. H. Kennedy, President
State National Bank Committee Of Management,
John G Gaines, President of the Citizens Bank:
s. b. Kennedy, President of the State National
Bank; j. H. Oglesby, President of the Louisiana
National Bank; l.. Schneider, President of the
Germania National Bank, and George Jonas,
President OF the Canal Bank Manager, Isaac N.
Maynard.
The Monev market was without material
change to-day. Most of the banks reported
steady demand for discounts, and on the street
offerings were fair without quotable variation in
rates. Foreign Exchange was in liberal supply
and ruled at lower rates, while New York sight
was quoted at slight Improvement God was
lower, but the rates here were M 4intained above
the New York quotations. A few transactions in
Stocks and Bonds were reported, dis closing no
feature of material in crest.
We continue to quote collateral loans at 10 58
cent per month, first class commercial signatures
at 1914, Al co at 1I0i1a and second grade
at 11a(02. First class mortgages rule at 10 y
cent per annum' second grade are entirely
nominal.
G I'D opened at 1165s0116s4, against 1167. at
New York. and after fair business closed at
1l61a@ll654, against 1161a in that market. The
sales summed up $4,000, embracing $4,000 and
$500 at 1867 $4,000 and $4,000 at 1863, $1,000,
$4,000 and si6, 900 az 1869 and $4,000 at li67s.
No sales OF Silver were reported. American
half-dollars were quoted at 10S@109, 1sc lower,
while Mexican dollars continued to rule at 800
931a gold.
Owing to the decline in Gold at New York ster-
ling gave way 1c or 2l0 % cent lower, and francs
d u cent.
The sales of the former comprised $4,000,
embracing f1500 and 1850 bill OF lading at $40,
f250O and Ella, 900 do and Al clear at 5.491aG
$500 $4,000 bill of lading at 55O0l5 5Us, fl6OO
and $4,000 bill of lading and flU00 Al clear at
5.5OHa, $500 bank at 5.531a, and $1,000 do, for
gold, at 4.79.
The sales of francs amounted to 4SO 900 COM
merci4l, embracing 1870 and 80, 900 at AGO, $780,
600 at 46O(945S54, 100000 at 1895, and 125. 900
at 4 583l.
At the close sterling bills we're quoted at
5.49@5,5o for bill Of lsding and al clear, and
-(15.54 for bank, and francs at AGO for CONNER
cial and nominal for bark.
The offerings OF New York sight being only Of
fair extent, and meeting with good demand,
commercial hardened and closed at slight adj
vance over yesterdays quotations. The sales
cal, 5000 and So 1000 private bankers, 900
private bankers and bank, and $50 900 bank at "a
" cent discount, and $4,000 commercial and
$4,000 bank ut 1872.
At the Stock Exchange to-day 5 shares Lou
islania National Bank sold at SOL. Nothing
was reported on the street.
The sales of Bonds included $1,000 City Pre-
MUM issues at 321 Z, and $1,000 New State Consols
at 5434 also, at the 3 ock Exchange $50oO jack
son Railroad First Mortgages issues at S61a
City issues, old denominations, continue quiet and
steady, while New State Consols are in request
and firm, with few Offering.
No sales of Metropolitan Police Warrants were
reported; they are still quoted at 65@70.
State Warrants continue dull Issues of 1874
are still quoted at 6O@65 for large, and 65@70 for
small; 1873 and previous years, fundable, at 35
036, and do, not fundable, at -@29.
Our stock list is revised On tuesdays and Fri
days by the Committee on Quotations of the
Stock Exchange.