The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-29
MONETARY.
OFFICE NEW ORLEANS BULLETIN. |
Wednesday evening, April %, lo75.

The Money market to-day was more than
usually quiet, the distinctive feature Of the
situation being still q large amount of unem-
ployed capital at the banks with only a mod
crate demand for discounts, and comparative
ly little business paper making. fair bust
ness was done in Foreign and Domestic Ex-
change at unchanged rates, except for francs,
which showed a slight advance.
Stocks showed even less movement than
yesterday, and the general tone of the market
was hardly as buoyant as recently. At the
same time, the limited number OF transac-
tons reported, indicate that there is little dis
position on the part Of holders to sell at de-
cline.
Now State Consolidated Bonds, possibly
affected by the complications at the Auditors
Office, or by some apprehensions with regard
to the payment of interest, closed, after mod
crate transactions, at a slight falling off in
rates, while new City Currency Seven Per
Cents were stronger, and other city bonds
steady at unchanged rates.
We continue to quote first-class sixty days
paper and collateral loans at S(19 p cent per
annum; AL do at 1OC112, and second grade at
l5(G18. First-class mortgages still rule at
9(9lO u cent per annum, while second grade
are entirely nominal.
Gold opened at 115,@115s, against 1l5l at
New York, and after a tair business closed at
the opening rates in both markets, touching
1l5a during the interim at New York. The
sales summed up $4,000, embracing $1,000
at 115,, $1,000 and SIS, 900 at l15s. S25, 900
at 115sI0115b, and $1,000 at 115a,
No sales of Silver were reported. We con-
tinue to quote American half dollars 1850
1851. while Mexican dollars continue to rule
at 964@97 gold.
Foreign Exchange was without quotable
variation except for francs, which were u
cent higher, owing to their scarcity. The
sales of Sterling amounted to f2S,OOO, COM
prising $1,000 bill Of lading and f2OOO Al
clear at s. 60; clOOO bill of lading, $500 Al
clear and $4,000 do and bill of lading at 5. 6O.;
$4,000 AL clear and f25OO bank at 5 63.
The sales of francs comprised $40, OOO COM
mercial, embracing Is, 900, $4,000, $4,000 and
400, 900 at 4 50.
At the close sterling bills were quoted at
5 59l@, $50. for bill Of lading and Al clear
and - M5. 63 for bank, and francs at SOC
44Si for co nmercial, and 4.479(146O tor
bark.
The offerings of Domestic Exchange were
Of fair extent and rates were unchanged.
The sales of New York sight covered Sl45.-
900, embracing $4,000 commercial at 932 +
cent premium and So, 1000 and $50, 5000 do,
bankers at SIG. We also noticed q sale of
$40. 900 commercial sight on Providence at
par.
The banks continued to check on New York
At u cent premium. and commercial sight
vas still quoted at -@5.l6
We notice less NOV cement in Stocks, and a
stronger indisposition on the part Of buyers
to meet the pretensions Of holders. The
only sale reported was 10 shares Factors and
Traders Insurance Company at $50 50.
CITY Bonds were in better demand, partic-
nlarly New Currency Seven Per Cents, which
were held ,@a = cent higher owing to the
impression that the December installment
viii shortly be paid. City Gold Bearing
Seyens ruled at about previous rates. The
sales of the former included $4,000 at ~ and
$1,000 at 35s. and of the latter $1,000 at 353
and $4,000 at 353.
Under the influence Of the undetermined
functions Of the Auditor and rumors that the
accruing interest might not be met at ma
turity New State Consolidated Bonds became
unsettled and closed at 81 or about q
cent lower than yesterday, The sales com
prised s43, ZOO, embracing S10OOo a. o1s;
$4,000 and $4,000 at 81, 5000 at o's' ana
$4,000 at 57s. :,
No sales Of City Scrip were reported. Il
is now quoted at 4O@n.
Nothing transpired in Metropolitan polce
Warrants They we're quoted at about 5OS oz'
against SOC s. yesterday.