The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-12

The above statement, which shows a
marked decrease in currency and deposits
and considerable Increase in loans, is an
encouraging indication of the revival OF bust
ness, which We have heretofore noticed.
Money, howeve r,continues in abundant sup
ply, at the banks, and the demand for dis
counts is still reported moderate. On the
street we learn of only a limited movement
in long paper.
As is usually the case on Saturday at this
season of the year, the market Was dali and
fiat. The movement in Gold was limited,
the rates showing slight decline from the
opening. The New York bill market, being
depressed by the suspension of Schurchardt
& Sons, had a corresponding influence on
our market for Foreign Exchange. The intel
ligence Of this failure was received here this
morning. The firm of Schurchardt & Sons is
said to have ranked among the soundest of
New York banking and commission houses.
Its suspension was generally unex pected here,
although it is said that the fact of its being
somewhat embarrassed had been known to a
few for several days.
We learn Of no New Orleans interests being
affected by the failure. Mr.. De Ruyler, the
agent of the house, who generally purchased
considerable amounts of Foreign Exchange
in this market during the business season, has
been absent in New York for some time The
firm were formerly represented here by Messrs
Cavaroc & Sons.
We learn of no sales of Stocks or City
Bonds, while new State Consols are reported
in good demand with fair movement to-day
at an advance in rates.
We continue to quote frst-class CONNER
cial paper and collateral loans at S(49 f9
cent per annum discount. AL do at 10112 and
second grade at 15@1S. First-class mort
cages rule at 96lO f9 cent per annum !;
second grade are entirely nominal
Gold opened at 1164@l164, against 1853 at
New York, and after a limited business,
closed at 1l6f@l161, 4c lower than yester-
terday), against 1164 in that market. The
sales summed up $22, 500, embracing $1,000
and $1,000 at 116i, $1,000 at 116s. $4,000 at
116s@116I, $500 at ll6S and $1,000 at 1l6$a
No sales of Silver were reported. Amerl-
can half dollars were still quoted at 1Oo3@
1904 and Mexican dollars at 934@94, gold.
Sterling opened at about previous rates, but
owing to the subsequent decline in gold and
bills ut New York, fell off 2-10 f9 cent. The
only sales reported We're e600 bill Of lading at
533, $1,000 AL clear at 5. 50 and $4,000 bank
at -.
Nothing transpired in francs.
AT the close sterling bills were quoted
at 5. 52G}5 SO for bill of Iading and AL clear,
and nominal for bank, and francs at 4 SCI for
commercial and nominal for bank.
New York sight was unchanged. The only
sale reported was $40, 600 bank at.
The banks continue to check on New York
at : 79 cent premium, and commercial sight
was still quoted at -95.
No sales of Stocks were reported.
City Bonds continue steady and firm. No
sales were reported.
New State Consols were in good demand
and t(9a II cent higher than yesterday, the
market closing at 54i@544 The sales COM
prsed S42 500. embracing $1,000 and $4,000
at SAL, $3.50 at 54ss and $50, 900 at SAL.
No sales of Metropolitan Police Warrants
were reported. They are still quoted at Is
go.
Nothing was reported in State Warrants.
Issues Of 1874 are still quoted at 5000 for
large. and 6O@65 tor small; 1873 and pre-
vious years, fundable, at 35@36, and do, not
fundable at -(029.