The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-31

The market has been even more quiet this
week than last week, and closed with in
creased dullness to-day. The offerings for
discount have been moderate at the banks,
| which find no sufficient outlet for their avail
able funds. On the street the offerings of
commercial paper have been light and very
few negotiations have been contaminated.
The Gold market has assumed more steadi-
ness since the excitement in New York on the
failure of Duncan, Sherman & Co. has sub
sided. We notice very little movement in
Foreign or Domestic Exchange, the supplies
of which are unusually limited.
Stocks have been quiet throughout the
week, with the exception of one or two days,
when fair movement was reported. Only a
few trifing sales Of City Bonds have been re-
ported. New State Consols have been less
active and close at decline of nearly %
cent since last Friday. We notice that the
a semi-annual dividend of 5 % cent, payable
on and after the 18th proximo. The Secre-
tary of the New Orleans Pacific Railway Com
pany gives notice that the first installment Of
10 % cent of the capital stock of this compan
will be due and payable on the LIST day of
August.
We continue to quote first-class CONNER
cial paper and collateral loans at 8@9 7a cent
per annum discount, AL do at 10@l2, and
second grade at 15@l8. First class mortgages
continue to rule at 500 7P cent per an aum,
while second grade are entirely nominal
Gold opened at 1121@113, against 1928 at
New York, and, after limited business.
closed at the opening rates in both markets,
touching 113B during the interim at New York
The sales were confined to Sl2, 900, embracing
$1,000 at 1921, $1,000 at 1929 $1,000 at 1924
$1,000 at 113, $4,000 at 113@1134, $1,000 at
1871, and $1,000 at 1l35.
No sales of Silver were reported. American
half dollars were still quoted at 104a@1e54
and Mexican dollars at 93@934 gold.
Foreign Exchange fuctuated under the
course Of gold at New York, opening at yes
terday's closing rates, advancing 2-1O p cent
and finally closing at the opening rates.
The only sales of sterling reported were
$1,000 bill of lading at 5.45a, $1,000 bank at
$50, and $500 do. sight at 54, gold.
The sales of francs included 5000 CONNER
cial at 5.174
At the close sterling bills were quoted
nominal at 440- for bill Of lading and AL
clear and IS SO for bank, and francs nominal
at 65@4 63l for commercial and 46O for
bank.
New York sight is unchanged, with scarcely
any movement. The banks continue to ship
currency to cover their limited counter de-
mand. The only sale reported was $4,000
commercial at / u cent premium.
The banks continue to check on New
York at 4 7p cent premium. and commercial
sight is still quoted at -@516.
The sales of Stocks included Is shares
Mutual National Bank at S45, and II Factors
and Traders Insurance Company at SS3
No sales were reported in Bonds. City
and New State Consolidated Seven Per Cents
are both dull, weak and tending downwards,
as will be seen by our list below.
Metropolitan Police Warrants continue
quiet. No sales are reported. They are still
quoted at 65@6S.
State Warrants are apparently without any
Issues of liza are still quoted at
4O@45, 1873 and previous years, fundable, at
$685. and do, not fundable, at-@29.
Nothing was reported in City Scrip.
The following are the quotations OF lime
and School Certificates:
TIME CERTIFICATES OF 1873.
August to December. -(03o
.Mav aA -. ................. 7o@so
sJune 45G55 |
July to December ......... 1899 |
SCHOOL CERTIFICATES OF 1873:
August. A Observation-Disclosures .AA.n ..A.. eo@s2
September. 65@67 |
OCTOBER 4oV-