The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-01

Thus far this week :. 71O3, 1913 81 $3.50 81
Total last week. $500. 7,453, 743 ~ SUI o43 "
Total week before ..... 9,762,214 % l,4O6, ~ 6S
The Money market presents no materia!
change. The large amount OF unemployed
capital at the banks finds as yet no increased
outlet either in business paper or in legitl-
mate investment. The same indisposition to
embark in any new enterprise which has been
for some time remarked upon, continues. and
confidence is not yet sufficiently established
to attract in any considerable degree the at
tention of capitalists to such investments as
are offered. The demand for money from
mercantile sources continues light. CONNER
cial paper is in light request, but the supply
is scanty.
Dealers generally, accommodating their
purchases at the North to the dullness OF
actual necessities Of business. which restricts
the demand for New York sight. The offer
ings Of factors notes and acceptances are
limited. The movement Of supplies to the
interior is light. While factors have been dis
posed to contract their advances, planters are
perhaps more independent than heretofore.
As the summer approaches, however, the
latter will probably require assistance to carry
on their operati ms, and should the crop
prospect be fair, we may expect that fActors
will more willingly respond to their require.
activity to general business.
There was fair movement in Foreign and
Domestic Exchange to-day; the former, SYM
pathising with the rise in gold, exhibited a
slight adyace, while the latter was without
quotable variation.
Stocks continue quiet. This branch Of the
market does not compare favorably with last
week and the week before. There is appa-
rently some falling off in demand, with a
tendency in seine cases toward lower rates.
The limited transactions in Oity Bonds, re-
ported below, also show slight falling OF
from yesterday. The proposition to receive
matured coupons of outstanding bonds in
part payment of city taxes does not appear to
be regarded as practicable by the municipal
authorities. The difficulty appears to be
that should the interest fund be short, its
proper distribution among the different
classes of bondholders might be rendered i'm
DO ssible by the receiving OF these coupons.
A large amount of money has been flowing
into the Treasury for the last few days for
taxes and licenses, parties pushing anxiously
forward to secure the rebate. When we saw
the City Administrator this morning, he esti-
mated that the amount paid in the three days
i ending to-day would reach $225, OOO.
/ An Improvement in the demand for new
State Consols was reported to-day, with fail
amount of transactions and slight advance
in rates.
While the funds in the State Treasury fol
paving the interest on the new bonds are, as
we remarked yesterday, amply sufficient to
nay the interest due on the LIST of July, for
those bonds already funded, it is proper tc
observe that this fund is liable to be dimin'
ished by the funding Of other bonds between
this time and July. The bonds upon being
funded receive = cent back interest, and
are also entitled to the July interest of 81 +
cent.
We continue to quote first-class sixty days
paper and collateral loans at 500 y cent per
annum; Al do at 10CD12, and second grade at
15M18. First-class mortgages still rule al
9@lO y cent per annum, while second grade
are entirely nominal.
Gold opened at 115s@115I, against 1l5s a
New York, and after fair business, closed
! at 115a@115s, against 1155 in that market
$4,000 at 115ss. $1,000 aud $4,000 at 115a
and $4,000 at 1853.
No sales of Silver were reported. We con
tinue to quote American half dollars 1850
1854. while Mexican dollars continue to rul
at 964@97 gold.
Under the influence Of gold at New York
Sterling was Ito + cent higher for CONNER
ciAl. The movement was Of moderate ex
: tent, the sales amounting to only ca. 2OO
$ comprising e25OO bill Of lading at $50. elO0
t do. and $4,000 Al clear at 56Oa, $4,000 do
!, and $4,000 do. and Al clear at 81, 925O'
: bank at 5. 635,, and el2OO do. for gold at 49,
3 Francs also responded to the advance il
gold at New York, closing fp cent higher
i, The sales comprised 10000, embracing
100. 600 and 200, 600 commercial at 4.48as, ant
10, 600 private bankers at 4.474.
At the close Sterling bills were quoted a
) 5.6OyM5.6ll for bill of lading and Al clear
f and "a 5 G3B for bank, and francs at 4. 48
for commercial and 4. As for bank.
]. The offerings of Domestic Exchange wer'
] of moderate extent and met with fair de
!, mand, but rates were unchanged: IN
sales Of New York sight covered S18O.OOO
embracing $4,000 commercial at 9-32 1
{: cent premium, and $4,000 do and S25, OO(
S25, 900 and s45, 900 private bankers ard $40
y 600 bank at SIG.
The banks continued to check on New Yor
at ~ cent premium, and commercial sigh
o was still quoted at -@5.16.
s Stocks closed decidedly weaker than Las
) week, with considerable falling off in dc
], mand and strong disposition on the pal
}, of buyers to meet the pretensions of hole
|" ers. Sales were reported to-day OF OF
s shares of the New Orleans Gaslight Compan
J, and st. Charles Street Railroad Company
o of which the particulars were withheld, an
within few DAYS 80 shares of the Merchant
|
IS Insurance Company at S65.
y City Bonds are less in request, and show
falling off from yesterday OF 4@a y cent fs
,. New Currency Seven Per Cents, and Col
c Bearing Seven Per Cents, which wei
q both quoted at the close at IS. The onl
p sale reported was $4,000 New Currency Seven
at 344
!. New State Consolidated Seven Per Cent
70 were in good demand, and shade highe
y closing at $50, against So yesterday: II
|. sales and resales summed up s135, 600, en-
It bracing $4,000 at 574, $4,000 and 5000
at SO, $4,000 and $4,000 at $50 and $2O,Ol
q at 5S1.
q No transactions were reported in Metro
" politan Police Warrants, which are stl
n quoted at 5OC52.
State Warrants were more in request, but r
. transactions were reported. They are no
quoted as follows: 1874 at 40M45, 1873 an
previous years, fundable, at 36@37; 1873 an
previous years. not fundable, at 300. an
Legislative per diem at 9l@-.