The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-14

The Money market continues to manifest q
fair degree of activity. the Clearing House re-
ports showing about the same volume of busi-
ness as last week. The offerings at the banks,
as We have heretofore noticed, inclnde bust
ness paper from commercial houses generally,
and the demand seems fairly distributed
| throughout the mercantile community. On
the street transactions are mostly in CONNER
cial paper, comparatively few loans being ap-
piled for on collaterals.
The movement in Stocks has been limited,
and few transactions are reported to-day.
New State Consols have shown little activity,
| but We notice some demand to-day at about
the same rates as on last Friday. Operations
in City Bonds appear to be suspended. AS
we remarked yesterday, the want of move
ment in these securities liz attribute Die to d
disposition to postpone transactions for the
present, or until the further, developments Of
the scheme for funding the city debt
We continue TO quote hrst-class CONNER
cial paper and collateral loans at 8@9 %
cent per annum discount. Al do at 10@12, and
second grade at 15@18.r rFirst-cla mort
cages continue to rule at 9@10 y cent per
annum, while second grade are entirely nom
inal. .. :. ,
New York, and after quite limited business,
closed at 112s@11S4, is@3c lower than yes
terdsy) against 1854 in that market. The
sales were confined to $685. 900, embracing
$4,000 at 113b and $1,000. $4,000 and $1,000
at H3f.
No sales Of Silver were reported. American
half dollars were still quoted at 1860 Ice,
and Mexican dollars at 94@944. gold. - H..
Under the decline in gold and lower bill
market at New York, Foreign Exchange fell
of Clio y cent for sterling and p cent for
frances - .H
We heard of no offerings of Foreign Ex-
change, and not transaction was reported
in either sterling or francs. '4n
At the close sterling bills were quoted
nominal at S. 1905 40 for bill of lading and AL
clear, aud -@5.53 for bank, and francs
nominal at 4.6l4 for commercial and ASH
for bank. r... ..+
New York sight continues in limited supply
and moderate demand, with no quotable
variation in rates. The sales comprised
S55, 900, embracing $4,000 commercial and
$40, 600 private bankers at 9-32 f9 cent pre-
MUM, and $685. 900 private bankers at SIG.
The banks continue to check on New York
at % cent premium, and commercial sight
is still quoted at -@5-l6.
The sales of Stocks included % shares Car
rollton Railroad Company at $40 so, 80 Old
New Orleans Gas Light Company at 1924. 5
New Orleans City Railroad Company at $685.
ana Wltutu AoW uHyo Paoe, uot OcAoEO iS-
ported, rs shares Crescent City Slaugh err
House Company at $15@16. We learn that
the last sale of old shares of Mutual National
Bank was at $45. At this rate for old, the
new stock should be quoted at SIS, which is
the corresponding rate
We heard Of some little inquiry for City
Bonds, but no transactions were reported and
quotations continue nominal.
Under q fair demand and light offerings
New State Consols were 9@1 Z cent higher.
Sales were reported at $50, OF which the par
ticulars were withheld.
Metropolitan Police Warrants continue to
rule at 65@6S. No sales were reported.
Nothing transpired in State Warrants.
Issues of 1874 were still quoted at 4O@45;
1873 and previous years, fundsble, at 35(g36;
and do. not fundable, at -f029.
Nothing transpired in City Scrip.
The following are the quotations OF Time
and School Certificates:
TIME CERTIFICATES OF 1873.
August to December. -@35
TINE CERTIFICATES OF 1874:
NEUTRALITY-SUSPICIOUS. . $500. 7O@9r
slime 40@50
JuIy to December Observation-Disclosures. 3703S
December 'Aoo. olA. ................ eC@e5
August sohoo. ..a.nioa..s os .o. 9l@ss
Sentember -M65
October 400
November 250-l
December, 200