The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-22
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Tuesday Evening. Dec. 81, 1873.
NEW ORLEANS CLEARINGHOUSE.

Same time last week. I,utU, Ioo 70 ouIodA ~
Total last week. =. 13.355,7IS 20 1,353,325 81
Totalweek before ;. Ia, 1875, 374 56 1,233,OoS 70
The market was dull and the demand lor
Money slack, both in bank and on the streets A
fair movement was reported III Cold ana ForelSn
Exchange with transactions at lower rates,
while New York sight was in liberal supply and
also quoted at slight decline. Nothing OF IN
terest was reported iu Stocks. New State Con
sells were quoted at about yesterday s rates. In
CITY Bonds scarcely any movement was reported,
and it was difficult to obtain quotation tor Old
Consols or bonds OF later issues. The former
were evidently materially strengthened by the
decision published yesterday, while IN some cases
it was believed that it would benefit all city issues
as tending to increase pubic commence IN Inc
security of interest payments.
As viii be seen from the report or the pro-
ceedings Of the City Council, published IN
another column, the budget submitted to-day by
the Administrator Of Public Accom- s, and re-
ferred to the Committee of the Whole. is esti-
m ated upon basis of l "A T. cent taxation, and
ignores any provision for interest," except for re-
demption OF Premium Bonds, according to the
plan now in operation.
The sealed proposals for the exchange of bonds
for the drawn Premium Bonds held by the city,
will be opened tomorrow, as previously adver-
tised.
We continue to quote exceptional paper at -
G9 39 cent per annum discount, Al do at lO0ll,
and second grade at 15@l9 First class mortgages
still rule at colo f8 cent per annum;
second grade are entirely nominal
Gold opened at 31S@l133s, against 1875 at
New York, and after moderate business, closed
at 113Mll31l &c lower than on yesterday,
against l131 I. in that market. The sales summed
M s31 ,OOO embracing $4,000 at 1l3 lie, $1,000 at
1i31f, $1,000 at 1917, $4,000 at 4GGll35s, 5000
and $1,000 at 1895 and $4,000 and $4,000 at ll31a2.
half dollars we're still quoted at 1OS1a0l091a,
against lo9@i1e Yesterday, while Mexican dollars
continued to rule at 50 gold.
Under the decline in gold at New York, and
sl ght weakness in New York sight. Sterling Ex-
change was quoted "a cent lower, equal to about
Ito u cent, while francs ruled about the same
as Yesterday The movement IN both was OF falr
extent. The sales of the former amounted to
go 800 embracing f5G00 and $4,000 bill OF ladlng,
and f25O0 AL clear at 5.44, f27,OOO bill OF
ladiug at 5.43I@5 Az, flO, 900 and f2O.O 900 do
at 5440l5 Az, f3500 Al clear at +, f20OO bank at
5.471a, $1,000 90 at the counter at 549, f5Oo do
! at $3.50.
The sales of francs comprised $4,000 CONNER
| cial. embracing $4,000 al 6334 Q14.621q, and
| % 600, 50 900 Is 600 and 300, 001 at 4.621aa
In German marks We noticed a sale Of 25O ,O0O
| At the close sterling bills were quoted at
543l60l5 Az for bill of ladIng and Al clear,
and -Ql5 IS q for bank (bank counter rate at a
$40 and francs at 63$4 04.621a for CONNER
| cial and nominal for bank.
The offerings of New York sight being of liberia
extent, and not meeting quite as strong demand
| al YESTERDAY commercial was nearly 1-l6 f3 cent
| lower The sales comprised $780, 900, embracing
s25 600 commercial at 1892 y cent discount, and
| $4,000 $4,000 and 800 600 and $50 900 private
hankers' sl6O 900 do. and bank, and $50, 600 banb
| at TIC We also noticed a sale OF $4,000 COM
mercal on Providence at "a u cent discount.
| The banks continued to check on New York at
| !. y cent discount, while commercial sight was
quoted at TO- against 7-1603S yesterday.
The sales Of Stocks comprised % shares Fac
| tors and Traders Insurance Company at s90lg
81 50, 10 do at $91, and at auction, by Coi. Y. H.
Girardev. for account succession l.. L. Generes
TAI shares Mechanics and Traders Bank at 81
and Al Sun Mutual Insurance Company at S7o 5O
The effect of Judge Woods's decision yesterday
in old CITY Com OILS has not fully deve oped, bu
we heard that they were held higher. Other City
Bonds were strengthened by the impression ina
the decision will protect their coupons Inc oLl7y
sale.reported vas $4,000 premium issues at zo1s
New state Consols were little stronger, oelns
ouoted at the close about 55Q955t4, against 54%4o
VI Yesterday. The sales included 3O,OUU a
543+ $40 900 at 50, and $4,000 at 5514.
| M sales Of City Scrip were reported. II wal
still quoted at 47@4S for August to December
1873. Time, and July to December, lo'4, an'
at 5O052 for June aud part of May, ISL ISL ,..-
Yesterday, not before reported, soooO Met i1
politan Police Warrants OF 1854 issues were sol
at Sc, and $4,000 at S61s. These issues being a. u
demand and held in few hands, ana Owing " VI VI
, proximity of the payment OF city ncenses ~
which thew can be used, were neio lo-uas
, about SO. No sales were, however, Iepua 70
: Other issues are unchanged, belng SUI qugse
at 63G65 for 1928 issues and entirely nonnina
, ftr 1912 and 1869.
Old State Warrants fundable, were still quote
at 4{Gl42. do: not fundable, at d, ana al +Ve
As for 1874 Issues. Nothing ranspIred.