The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-28
MONETARY.
NEW ORLEANS BULLETIN OFFICE,
Wednesday Evening, Oct. q, 1875.
NEW ORLEANS CLEARINGHOUSE.


change. A fair demand for discounts was
generally reported by the banks, while on
the street the inquiry was perhaps more mode
rate, but with no change in quotations.
Gold was in good demand, ruling above the
New York market. The movement, probably on
account OF the scarcity was lighter than yester-
day. In Foreign Exchange also sales were mode
rate and rates lower, corresponding to the de-
cline in bills in New York, while New York sight
was in liberal supply and shade lower. Nothing
is reported in Stocks, and only few sales of
Bonds, Of which the particulars are reported be-
low.
The amount OF old State bonds and coupons
funded by the Board of Liquidation to-day as
shown by the Treasurer's books was $50, $40.
We continue to quote collateral loans and first
class commercial signatures at-@1 - cent per
month, AL DO at 10l4, and second grade at u
O.. Fret class mortgages continue to rule at ~
u cent per annum second grade are entirely
nominal.
Gold opened at 11524@l16, against 1857 at
New York, and after fair business Closed
at li6@1l6h, t1ags4c higher than yesterday
against 116 III that market. Cash Gold was very
| scarce. The sales summed Up s63,OOO EN-.
bracng $1,000 at 1157s, $1,000 $1,000, $4,000 and
S25 900 at 1l57., 81 900 and $4,000 at 1161s, and
$4,000 and 5000 at 1861.
No sales Of Silver were, reported; American
half dollars still quoted at 1681a1l09la and
Mexican dollars at 93g93lI gold.
The advance in Gold at New York being coun-
teracted by the decline ia bills in that market
Foreign Exchange was little lower than yester-
dsy. The IN Jvement was Of moderate extent
The sales of sterling comprised f3l,5O0, en-
bracng $1,000 bill Of lading and AL clear at 5.45Gt
SAG, flSC00 bill of ading at 5.46 and f20OO f2tuO
and f4500 at 5.46lla.
The sales OF fiancs comprised Gl5000 COM
mercial. embracing 1900, 10000, l65,OtO and
225, 600 at 4.65.
at the close sterling bills were quoted at As
@5.46 for bill of lading and Al clear, and -0G55
| for back, and francs at - 04.C5 for commercial,
and nominal for bank. :.
Though the demand for New York sight was
| of fair extent, the offerings being very liberal,
commercial fell off Lilo u cent. The sal COM
prised s4l5 900, embracing $4,000, $4,000 and
$4,000 private bankers at g u cent mt discount;
$4,000 do at 1872; $50 900 and $4,000 COM
mercial and $4,000. $4,000, 200 and $4,000
private bankers at 49, and $4,000 and slO,Oo0
| do at 1872
| The banks continue to check on New York at
| 4 r cent discount, while commercial sight is
now quoted at sas0t14, against SIG yesterday.
| Nothing TRANSFERRED In Stocks.
| The sales of bonds included $4,000 City Pre-
MUM issues at 3014, $4,000 do at 3O1 (, and $1,000
| at 311L. City issues, old denominations, and
| New state Consols, were quiet and weak. At the
| Stock Exchange we noticed sale OF 5000 Lou
| isiana Levee Company Bonds at 2911aa.
| Under he effect of the ordinance yesterday re-
lating to City Scrip, the market has become I'M
settled, but may be quoted nominal at 6U@65 for
ordinances 2632 to 2697 inclusive, which cover
issues of June and part OF July, 'S74; at 46@4S
for the remaining ordinances OF 1874, ordinances
| of 1873, City Money Jury Warrants, etc; aud 80
@95 for ordinances $3.50 to 263l, comprising issues
of the latter part of May. which are held at these
figures, under the impression that, as they were
not included in yesterdays ordinance, they will
soon be paid. We heard Of few transactions,
but the particulars did not transpire.
Old Metropolitan Police Warrants are quiet and
strong at 7O0D72. No sales were reported.
Nothing transpired in State Warrants. Issues
of 1874 are s ill quoted at $1,000 for large, and
6o@65 for small; and 1873 and previous years,
fundable, at 35936, and do, not fundable, at
-6l29.