The New Orleans bulletin., 1875-04-21

We have no marked change to note in the
Money market, which continues quiet. Com.
mercial paper is in good request, but the sup.
ply is still limited. There is apparently very
little legitimate demand for Money.
Foreign Exchange is reported scarce, and
ruling as high as New York quotations, while
Domestic is in moderate demand at un-
changed rates. In Securities, the record OF
transactions reported belowi show continued
advance in some bank and insurance shares.
State and City Bonds on the contrary appear
to have been unsettled by political influences,
closing ats slight falling off.
We understand that joint meeting of the
holders of the Old City Consols and OF the
later city issues, will probably be held to-
night, to consult upon and discuss matters
pertaining to their respective interests. The
position announced by the meeting of Satur-
day night continues to be subject Of general
discussion. 1t is contended by some that it
is too late to assume the attitude taken now
after the holders have "slept on their rights ;"
for number of years. On the other hand,
it is urged that while no neglect on the part
of the holders is admitted, it was the duty of
the Commissioners of the Consolidated Loan,
Of which board the Mayor and other city
officials are ex-oflicio members, to take care
of the rights of the purchasers of these
bonds.
We are not informed of any essential par
ticulars in which the holders of the old con-
sols claim that their rights are at present
invaded or threatened, except in the propo-
si;ion to fund in bonds drawing lower rate
of interest the entire city debt, thus making
no distinction between the old consols and
subsequent issues. large amount of these
bonds Is held abroad, chiefly in London and
probably some little time will elapse before
the views of foreign holders will be ascer-
tained.
We continue to quote first-class sixty days
paper and collateral loans at S(G9 7s cent per
annum; Al do at loo II. and second grade at
l5(GlS. First-class mortgages still rule at
9@l0 7 cent per annum, while second grade
are entirely nominal.
Gold opened at 11455@115l. against 115l at
New York, and after limited business closed
at l15C1l1 agains: the opening rate in that
market, where 1t touched 115, during the in
term. The sales were confined to $3S, 900,
EN- mbracing $1,000. $4,000 and $4,000 at
l15I, and $1,000 at 1l5,
Nothing transpired in Silver. American
half dollars are still quoted at 10S@l 10S3,
while Mexican dollars continue to rule at
96g "a 81 gold.
Under the influence of the advance in gold
and bills at New York at the opening, Sterling
rose fully 1-10 p cent for commercial and
2-1O for bank, and aintained the improve
ment to the close, Notwithstanding the sub
course Of gold in that market. The
was Of moderate extent, amount
ing to only e44, 500. comprising e10OO, e25OO,
f2500 and el5, 1000 bill of lading at 5 50.
$1,000 do and al clear, and $4,000 bill of
lading at 5 59l, and ei50O bank at SCI.
Francs, though unchanged at New York,
early to the advance in gold in that
market, and notwithst ,nding its subsequent
decline, were quo,ed at the close at the open
ing rates. The sales comprised $50. 900 COM
mercial. embracing 1755 900 at 452a, 10000
at 5ls. and 5000 at ASH.
At the close, sterling bills were quoted at
5Sl as. 80! Tor bill OF lading and Al clear.
and 56l(o 562 for bank, and francs at 4 52l@
1 5ls for co nmercial, and 4.4S4 for bark.