The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-06
MONETARY.
NEW ORLEANS BULLETIN OFFICE.
Fritay Evening, Nov. 5, 1875.

nThe total Of bxnk clear ngs for the week shows
an increase in the volume OF business, as COM
pared with last week. The offerings for ais counts
have been fair, and to-day most OF the banks re-
port q strong demand, while on the street the
inquiry is al O more active, but without change
in our quotations for commercial paper. The
demand for cash gold and its prevailing scarcity,
continue to maintain the price here above the
selling rates at New York, the difference being
further increased to-day. Foreign Exchange is
in fair supply. The low rates for New York
Sight leave fair margin to order out currency.
Securities have shown q little more animation
than during last week. but no sales of Stocks are
reported to-day, and both State and City Bonds
are quoted weaker. The strong commercial de-
mand for money appears sufficient to absorb all
the funds available for investment.
We continue to quote collateral loans and first
class commercial signatures At -@l u cent per
month, Al do at 1914, and second grade at
1h@-. First class mortgages rule at IL u cent
Gold opened at 1151a@ll524, against 1152S at
New York, and after a fair business closeu at
1l55s@ll6 Gs@4c higher than Yesterday,
against 1l514 In That market, where it touched
very scarce and the demand falr. The sales
summed up $4,000, embracing $40, 0O0 at 11534
5000 and $4,000 at 1157s, 5000 at 1852 Oils,
$4,000 and $1,000 at 116 $1,000 at 1161s, 5,O00 at
ll6@ll614, and $1,000 and $4,000 at ll614:
No sales of Silver were reportet. American
Mexican dollars at 93@931a, gold.
Under the advance in Gold at New York early
in the day, Foreign Exchange ruled little
higher, but under the subse quent decline in Gold
it fell off for sterling, equal to LILO y cent and
u u cent for francs.
Ine movement in the formerwas of fair extent,
sales amounting to Eel, 900, comprising 1900 bill
OF lading at 5.4414, 1850 do, and $4,000, $4,000
and $500 AL clear at As, $1,000 bill of ladiDg
at s. 450l 10000 and e13 500 bill Of lading, and
do ~ 4 aln : han ar
$50, and fl2O0 do at 551.
The sales of francs were of moderate extent,
amounting to only 100000 commercial, compris-
ing $50, QUO at AGO 4014.65 and 10000 at 60.
Al the close sterling bills were quoted at 5.44c9
5.45 for bill OF ladiog and AL clear and nominal
for bank, and francs at 1861 @4.65 for COM
mercial, and rominal for bank.
The offerings OF New York sight were of liberal
extent, and met with fair demand at previous
rates. The sales comprised 1882 ,000 embracing
$1,000, sSOOO 81, 900 and $50, 900 commercial, $780,
600 do and private bankers, and $4,000 private
bankers at "a II cent discount; $4,000, and $780,
600 private bankers at 1882, 100000 commercial
and $4,000 and $4,000 bank at 9-16, and $4,000
bank at We al.o noticed sale of SIC, 900 COM
mercal on Providence at 11-16 y cent discount.
The banks continued to check on New York at
u II cent discount, and commercial sight was
still quoted at 5s.
No sales of Stocks were repor ed
The sales of Bonds included $4,000 New State
Consols at 541a $4,000 at 81 and $1,000 at 545as
The market for both City Issues and New State
Consols closed dull and weak.
We no ice no sales Of Metropolitan Police War
ants, but they are now held firm at 720D-.
Nothing TRANSFERRED in State Warrants. Issues
of 1874 are i'll quoted at 58060 for large aud
6O0162 for small; 1873 and previous years, iunda-
Bile, at 35Gl36, and do, not tundable, -@29.
Only few limited transactions are reported in
City Scrip; it is now quoted at 45946 for City
Notes, half paid coupons. Ordinances or 1873 and
ordinances of 1874 from July to December lncu-
sve, at $3.50 for ordinances Nos. 1852 and 2697
inclusive, which cover June and part of july,
aud at 90(095 for ordinances $3.50 and 1851, which
The latter part of May.
The following are the quotations Of School
Certificates of 1874: September 70@73, October
40@45, November -@25, and December -W20;
for 1875, June 92G95, July 7SGG82, August 65@67,
September $500, and October 40042.
Metropolitan Police Certificates for 1874 are
quoted as follows: October $685. November
-035, and December $50; for September,
1875, $780, and October 75G7S.
Our stock list has been revised by the Commit
tee on Quotations Of the Stock Exchange.
SPECIE, BANK NOTES ETC.
American silver hafdollars- 100 d11O