The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-03
MONETARY.
OFFICE NEW ORLEANS BULLETIN, [
Friday Evening, July 2, 1876. !

The past week has developed no new fea-
ture Of interest in the Money market.
While steady business, to fair extent, has
been noticed at one or two of the principal
banks, the reports from others indicate only a
moderate movement. On the street the offer
ings have been light, and prime commercial
paper continues in good demand. Gold con-
tinues to rule exceptionally high, compared
with the New York market, where early relief
is expected from the Treasury payments COM
mencing on the 1st inst.
The Stock market exhibits no sign Of re-
covery from its long continued dullness.
Operations appear to have settled down to the
point of summer stagnation. Very few
transactions are reported upon which to base
quotations, which in some cases are nominal.
Very little has been done in State Bonds,
which show q decline of 1@14 u cent. City
Bonds also have been generally inactive and
lower. Gold Bearing and New Currency Seven
Per Cents closed to-day at least one point
below last weeks figures.
We notice that the Southern Bank to-day
declared q semi annual dividend of f9 cent,
payable on and after the 5th inst. Although
the past business season has been unusually
dull, most of our city banks have declared
semi-annual dividends ranging from to "a f9
cent.
We continue to quote first class sixty
days paper and collateral loans at 500 % cent
per annum, Al do. at 10@12, and second
grade at 1908 First class mortgages still
rule at 991O 59 cent per annum, while second
grade are entirely nominal.
Gold opened at 1l7@1174, against III at
New York, and after limited business
closed at the opening rates. against 1l7a in
that market. The sales summed up $23, 600,
embracing $4,000 at III, $1,000 and $4,000 at
ll7B. and S14. 600 at 117B@1174.
No sales of Silver were reported. American
half dollars were still quoted at 109@1093,
and Mexican dollars at 93@934 gold.
variation. The movement was limited. The
sales of sterling were confined to Ell, 700,
comprising f1500 Al clear at 5.68, e120O and
f5O0G bill of lading at 5681, and 94OC0 bank
at 5.72.
The sale of francs comprised 2l5, 900, en-
bracing 10000 commercial at 45 @4.434a,
25, 900 bank at 4.40, and 10, 900 do sight at
4371.
AT the close sterling bills were quoted at
567t65 6Sk for bill of lading and Al clear,
and -95. ~ for bank, and francs 4. 45@4 43s
for commercial and 4 40 for bank.
We noticed little more movement in New
York sight, but rates are unchanged. The sales
covered 1925, 900, embracing $4,000, $4,000,
SZU,UUU ana Sa0,UVO pIiSato uduhcIS, duu
S35, 900 do and bank at 9-32 f9 cent premium,
and $4,000 commercial and SIC, 900 private
bankers at SIG.
The banks continued to check on New
York at y cent premium, and commercial
sight was still quoted at -@5-l6.
The sales of Stocks included 100 shares
Metropolitan Loan and Savings Bank at 500,
and - New Orleans Insurance Association,
Crescent Insurance Company, Louisiana Oil
Company and Workingmen's Bank, all of the
particulars of which were withheld.
New City Currency Seven Per Cents and
Gold Bearing Seven Per Cents were little
lower, the former being quoted at "a, against
34t yesterday, and the latter at 80, against
35l yesterday. There were no sales reported.
New State Consolidated Seven Per Cents
were still quoted at about so. The only sale
reported was $1,000 at 49s.
Metropolitan Police Warrants were still
quoted at -@65. No sales were reported.
Nothing transpired in State Warrants; they
are now quoted about l q cent lower. Is
sues of 1874 ruling at 1904; of 1873 and
previous years, fundable, at 35@36, and of
do, not fundable, at -929.
City Scrip is apparently without any move
ment..