The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-08
MONETARY.
OFFICE NEW ORLEANS BULLETIN, [
Wednesday Evening, July 7, 1876.

We have no material change to note in
the Money market, which continues quiet.
One or two Of the principal banks report q
good business in discounts. but at others the
offerings are. moderate. We notice more in
quiry from factors. who appear less indisposed
to yield to the demand for advances from the
country. Nt't+83t5 As*As
Gold dropped y cent to-day. under the
| influence of Geographic advices from New
York. As will appear, however. from the re-
ports published below, the movement was
light. ta s9kqI6 qps.
Nothing was reported in Stocks. One or
two trifling sales Of Bonds showed still lower
figures for City Gold Bearing Seven Per
Cents, and no material variation in new
State Consols
We refer to another column for the pro-
ceedings of the Funding Board, at their
regular weekly meeting to-day. .5a,e5sf
We continue to quote frst-class CONNER
cial paper and collateral loans at sos y cent
grade at 15@18 First class mortgages still
rule at 9@10 y cent per annum, while second
grade are entirely nominal
Gold opened ct 116s@117A, against III at
New York, and after limited business
| closed at 116t@1169 tic lower than yester-
day., against 1l64 in that market. The sales
summed up S22 500. embracing $4,000 at 1l6E,
$1,000 at III, $500 at 117s. 5000 ct 1l7a9
1l74, and $1,000 at 117s@ll74. #
No sales Of Silver were reported American
half dollars were still quoted at 1O9@1094,
and Mexican dollars at 93993f. gold.
| Owing to the decline in Gold at New York,
Sterling fell off 40 - cent, and francs /.
The sales of sterling vera confined to s75OO,
comprising $4,000 bill of lading at g. 683,
s25OO do at $50, $4,000 bank at 5. ~, and
$4,000 do for gold at 468.
No sales of francs were reported.
We noticed sale Of 10000 German marks
At the close sterling bills were quoted
lat 5.65t@5. 66a for bill of lading and AL
clear, and -95.70 for bank, and francs at
-@4 45 for commercial and 44l4 for bank
New York sight was unchanged, and the
movement was limited. The sales were con-
fined to $50, 600, comprising 5000 and $35, :
600 private bankers ct 9.32 p cent premium,
and SIC, 600 and $40 600 do 1t SIG. 7aa
The banks continued to check on New
York at ( % cent premium, and commercial
sight was still quoted ct -05.16. n&f
In Stocks we noticed sales of State National
Bank, Canal Bank and New Orleans City Rail-
road Company. Of which the particulars were
withheld.
City Bonds continue dull and weak. The
only sale reported was $4,000 Gold Bearing
and New Currency Seven Per Cents at 1871.
New Stste- Consoldated Seven Per Cents
are unchanged. The only sale reported was
$1,000 at 502
No transactions are reported in City
Scrip, which is still quoted at 38@39.
One-third in Metropolitan Police Warrants
being now received in payment Of back taxes,
they are in better demand, and are now held
at So for large and 20 for small. The only
sales reported were $1,000 large at 684, and
$500 small at 701. tf
Nothing was reported in State Warrants. Is
sues of 1874 were still quoted at 48 for large
and so for small: 1873 and previous years,
fundable, 35@36, and do. not fundable at
-G29. ~ =. za t<tetT Ft.,4ll