The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-26
MONETARY.
OFFICE NEW ORLEANS BULLETIN I
Tuesday Evening, May rs, 1875. !

A comparatively active demand for Money,
indicating some improvement in general
business. was again noticed at one or two of
the principal banks to-day. The inquiry ap-
peared to be from mercantile sources gem
orally, rather than from any particular branch
of trade. This improvement, however, did
not extend throughout the market and most
of the banks reported quiet day.
There are few signs OF immediate improve
ment in the present aspect of the business
situation. There is reason to believe, how
ever, that should the crop prospect continue
favorable there will soon be q decided in
crease of business with the interior, which
will afford employment to q considerable por-
ton of the capital now unemployed.
The sales Of Gold were limited to-day, quo
tations declining slightly, following the course
Of the New York market.
Foreign Exchange was also lower. The
movement in the latter was light, with limited
offerings and fair demand
We noticed q slight increase in the offerings
of Domestic Exchange, which appeared to
meet with q moderate demand, the quotations
remaining unchanged.
active. and there is nothing to indicate .
change in previous quota TONS Light sales
of new State Consols and City Gold Bearing
Seven Per Cents show no improvement in
either.
The inquiry for City Scrip to be used in the
payment of back taxes due the city continues
fair, but the supply appears to be more than
equal to the demand, and no advance is re-
ported in rates. Other securities, as will ap-
pear from the reports below, are unchanged:
We have no change to notice in the sales OF
commercial papers and continue to quote
first class sixty days and collateral loans at .
/ 1o Of
second grade ut 15@16
Gold opened at 116@1164 against 1851
at New York, and after limited business
closed at 1l5S@1l6s, against 116 in that
market. The only sales reported were
sis 600 at 115I@l15l. and $500 at 115a.
| Nothing transpired in Silver. American
half dollars were still quoted at 108@109
and Mexican dollars at 96@964, gold. .
Under the influence of the decline in gold
at New York, Sterling was about 2-lO 9p cen
lower, and francs !. The offerings OF botf
we're limited and the demand was fair. Tit
sales of Sterling nprised $l3, 500. EN-
bracing $4,000 bill Of lading at 3. 63(9o. 633
e6OOO do at s. 634, el0OO AL clear at 4loo
do at GA, and $1,000 bank at TO;
i No sales of Francs were reported.
/ AZ the close Sterling bills were quoted
& 6265. 63 for bill of lading and Al cleaI
and 065. 654 for bank, and francs at 44Sa(o
447a for commercial, and 4 40 for bank.
New York sight was less in request, in bet
ter supply, and without quotable variation rat i
rates The sales comprised $162,OOO, en-
bracinq $4,000 and s25, 900 private banker
at 9-32 u cent premium, and S!2'ooo com
, mercial. s25, 600 and $50, 900 private banh
ers'. and s25, 900 and $50, 900 bank at 5-lt
We also noticed sale Of three days sight o
. New York at p cent premium.
! at y cent premium, and commercial sigi
| was still quoted at SIG.
, Stocks continue dull The only transac
!. | tion reported was IL shares New Orleans Cit
. Railroad Company ct $142 so.
City and New State Consolidated STA