The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-17

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Thus far this week. 6,259, 4s0 30 64365l 9S
Same time last week. 6,279, OTIS 81 1856 495 "a
Total last week. IL, IL, 314 SO 1,225 063 Oh
Total week before. 9,S03,11S 10 954. 1913 80
The market to-day was quiet and without ma
| terial change. The banks reported good de-
| mand for discounts, while on the street the in
quiry was modera and rates easy. with some
demand for first class paper. Limited sales of
Gold were reported with the rates still above
New York quotations. We noticed fair move
ment in Foreign and Domestic Exchange. In
Stocks we heard Of only few sales, while New
state Consols and City Premium Bonds mani
tested a better feeling and slight advance at
| tended by fair movement in the latter.
Proceedings were instituted this morning be-
fore the Superior District Court, by the Southern
Bank, for the sequestration Of S57,O29, alleged to
have been d, posted by the city OF New Orleans
in the Louisiana National Bank, to meet Coupons
| Of Bonds issued under the acts of 1852 and 1869,
held by the plaintiff for the above amount Judge
Hawkins granted the writ, and the Sheriff pro-
ceeded to levy; but we lean that the Louisiana
National Bank declined complain. e. upon what
grounds we have not been able to ascertain 1t
is understood that the next step will probably be
rule to enforce com GLANCE.
We understand that the application OF the
Sou hern Bank refers to sect. II, act 70, of the
acts OF the Legislature OF 1872 which provides
that 3" the Fiscal Agent shall set apart and keep
in separate funds the sums OF money deposited
the payment of the interest and principal of the
various bonds Issued by the city OF New Orleans,
and such funds shall not be subject to the draft
OF any city official but shall be vested right Of
the bondholders."
The coupons held by the Southern Bank are
1913, $50 old consols due in july s23, 730 do falling
due IN January, and 1860 seven per cents of
1869, due LIST OF March ana LIST OF September 1875
In the case OF the Maenhaut heirs now before
the Circuit Court Of the United Sta the plain
tiff n laI oil
to the knowledge OF the Court the nonpayment
of the July consol dated coupons. and the ordi-
nance providing for the half payment Of interest.
As Judge Wood is expected here on Thursday
new feature in the matter will be looked for with
interest.
We continue to quote collateral loans and first
class commercial signatures at 10@12 ~ cent per
annnm discount; AL do at 1914 y cent per
month, and second grade at 1Ia@-. First class
mortgages continue to rule at 10 u cent per
annum second grade are entirely nominal.
Gold opened at 115@115L, against 1875 at
New York, and after limited business, closed
at 1l434@ll54 &c lower than yesterday,
against 1875 III that ma ket. The sales sum
med up $40 QUO, embracing $1,000 at 11434, $1,000
at l147s, $1,000 and 81 20 at 115 and $1,000 $1,000
and 5000 at 1151S.
No sales of Sllver were reported. American
half dollars are still quoted at 109@110, and
Mexican dollars at $685. gold.
The advance in bills at New York being coun-
teracted by the decline in gold in that market,
sterling was without quotable variation here
The movement WAS moderate. The sales COM
prised f32,200, embracing GOO bill of ladlng and
f25OO Al clear at 5.45 $4,000 bill of lading at s. 46
and $4,000 and $4,000 do. at 5.46114.
The decline in gold at New York being
counteracted by good demand in this market,
francs were without quotable variation.
The sales amounted to 900 commercial, en-
000 at -14.621aa, and 900 at 1927.
At the close sterling bills were quoted at 5.451l
@5.461 for bill of lading and AL clear, and noml-
nal for bank, and francs at -@462114 for COM
mercial and nominal for bank
The offerings Of New York sight were of fair
extent and met good demand at previous rates.
The sales covered s273,0 G0, embracing $4,000 COM
mercial at 10 e cent discount. $4,000 do and
$4,000, $4,000. s25, 900, $4,000 $4,000, $4,000
and s35 900 private bankers at 7-16, and $4,000
ercial and So, 900 and $500 private bank
ers at 81
The banks continued to check on New York 1T
4 = cent discount, and commercial sight Was
still quoted at 1865.
The only sales of Stocks reported were Is
shares New Orleans Insurance Company at 500,
and 10 Old New Orleans Gas Light Company at
1923
In Bonds we noticed more movement in City
Premium Issues, which were in better demand
and quoted Il Il cent higher than yestei day |
The Gales included $1,000 at 2614 $4,000 at
26ss, $1,000 at PES, and $4,000 and $40 600 as
26$4. We also noticed sales Of $4,000 New State
Consols 81 and $4,000 at IS; they were little
higher than yesterday. City issues were appa
rently unaffected by the decision of the Superior
Court noticed above, probably owing to the dec-
sion not being generally known.
The sales at the stock Exchange to-day COM
prised $1,000 City Premium issues at 26iI, $500
half paid coupons at 40, and sl66 &c, September,
1874, time, at II.
Nothing TRANSFERRED in metropolitan Police |
Warrants they are still held at -1l72.
State Warrants of 1874 issues continue entirely |
nominal, while 1873, and previous years, fund |
lble, rule at 1896, and do, not tundable, at
-tG29.