The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-10
NEW ORLEANS CLEARINGHOUSE.

xOC8l Week DeIOT0.... S,tOo VOL - oOA.oAA q
We have no marked change to report in the
Money market, which continues quiet with
moderate offerings at the banks We notice q
slightly increased inquiry for money on the
street, with some Investment demand for
favorite securities.
The offerings of commercial paper were
limited Firsl-class or Al Is easily negotiated !;
but as this class Of paper il also readily taken
at the banks, little is left to be done out
side
The Gold and Foreign Exchange markets
exhibited a fair degree OF animation. The
former huctuated with the course az New
York The latter exhibited some irregularity,
Sterling closing at a net advance OF Ito T.
cent and francs at last evenings rates.
A Stocks generally continue to exhibit an up
ward tendency, some shares having advanced
to 10 points over last weeks quotations, as
will appear below.
The Improvement in City Gold Bearing
Seven Per Cents continued, the market closing
at an advance Of J to u cent over yester
days figures
State Bonds were less active, New State
Consolidated Seven Per Cents closing nomin-
ally stronger, but without quot4ble variation.
We continue to quote first class paper and
sixty days collateral loans at S09 per cent
per annum, Al do at 1OG1 II and second gra1e
at l5G1lS. First-class mortgages still rule at
SOLO per cent per annum, while second
grade are entirely nominal.
Gold opened at 1l5@1l5l, against 49, at
New York, and after moderate business
closed at 4s@ll5s against Is in that mar
ket, where it touched Isl during the interim
An erroneous NV York telegram, under date
of 23O p. NJ, quoting gold at lis. had some
influence on the market before it was cor
rected. 1t should have been iI5l. The sales.
summed up $50, 900, embracing $1,000, 5000,
$4,000 and 5000 at is, and $4,000 at ll5foG
Isl.
Silver continues without any apparent
movement. American half dollars were still
quoted at 10SGl 1854, and Mexican dollars at
96M96Jc.
Foreign Exchange responded irregnlarly
to the fluctuations in gold at New York.
Stererling opered 2-1O Il cent higher and lost
ITO ut the Close, and fraEcS o, iened Il. cent
higher and closed at previous rates.
The movement in Sterling was Of fair ex-
tent The sales amounted to 945, 600, com
prising fl5OO bill Of ladipg at 5 81. f25OO do
at s. 55, $4,000 and 10000 doat 5 Sc. $1,000 and
$4,000 do, aud 1900 do and AL clear at 5.57,
GlO,O bill OF iading at 557@5. 57l, and
$4,000 bank at So
The only sales of Francs reported were
SO, 600 commercial at s. "a !, and $4,000 do at
6.55@5 534.
AT the close Sserling bills were quoted at
555IG}5 56l for bill Of lading and AL clear,
and OBS for bank and francs at ISL q
455 for commercial, and 4. 50 for bank.
The offerings Of Domestic Exchange were
of fair extent, and rates were unchanged.
The sales Of New York sight covered 100000,
embracing $4,000. $4,000 S25, 900 aud 49,,
600 commercial, and so, 900 private bankers
9.32 per cent premium $40 900 commercial at
9-32@5-16, and $40 600 ,r.vat. bankers, and
L - ny 10
OF $1,000 thirty days commercial sight on New
York at per mt discount.
The banks continue to check on New York
at Z IL cent premium. and commercial was
still quoted at -05-l6.
The sales OF Stocss included 8 shares State
National Bank at $50 80, and - do 1T $40.
The demand for nearly al classes for invest
ment is incre asing, and holders are raising
their pretensions. Under the intlu nee OF the
impression that the compromise between the
New Orleans Gas Light Company and the
Crescent City Gas Company will be accom-
plished, the former has rapidly advanced and
we hear that 400 10 500 shart exchanged hands
to-day at about $3.50 The last sale reported
was at Sl2O
There was less activity in Bonds owing
to the indispositlon 81 BUYERS to pay the rates
asked. City Gold Bearing Seven Per Cents
opened at abont 81 AMI closed at 37aC1314.
New State Consolidated Seven Per Gents
ruled Mt almost yesterdays rates. with dis
position on the part Of bus ers to stand of,
while holders were tirnler IN therpretensions.
The sales of the former included $4,000 at
81, $4,000 at 374 and $1,000 at 37s, and Of the
latter. SIS 900 AT SCI, $4,000 at 81 and slO,-
600 at 57I.
No sales of Metropolitan Police Warrants
were reported; they are now quoted at
-@52.
Nothing TRANSFERRED in State Warrants. Old
fundable were still quoted at 33@35, and new
1t 500.
Nothing is reported in City Scrip, which
is quoted as follows:
TIME CERTIFICATES OF 1873:
August to December .....3S Gi0
TINE CERTIFICATES OF 1874:
+May.. COMMUNICATIVE. '65@eo
AJune Observation-Disclosures. 10000
July to December. ...................3 SO 05iO
SCHOOL CERTIFICATES OF 1878:
December -@5O
OF SCHOOL CERTIFICATES OF 1874:
August ................. s3Mss
September NEUTRALITY-SUSPICIOUS.. 550ltO
October OBSERVATION-DISCLOSURES. ........ 400l45
November. Observation-Disclosures. 25nl3O
tDecember. ACCOMPLISHMENTS 1SGl20