The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-22
FINANCIAL.
NEW ORLEANS BULLETIN OFFICE. /
Monday. Feb. 81, 1876. IL NJ.

QlaaUnR6

The Money market continues dull and easy
Under the improvement in Gold at New York,
| both Gold and Foreign Exchange ruled higher
| to-day; the movement was Of fair extent.
good business was done in New York sight at
| unchanged r4tes. In Securities there was some
what less animation than on Saturday. State
Cons Is were. quoted little off at the close.
City Bonds ruled lower under reports of the I'M
favorable action by the Senate on the Premium
Bond bill. Tomorrow being Newfoundland State
holiday (Washington's birthday, the banks,
Cotton Exchange, Stock Exchange, Merchants
Exchange and public offices will be closed.
We notice that the Supreme Court yesterday in
the mandamus suit OF Matthew Morgan's Sons
vs. the Funding Board. affirmed the judgment Of
the District Court, and ordered the fundilg of
the bonds issued to the North Louisiana and
Texas r. r. Co., under act 1O9 of 1868.
The amount OF those bonds outstanding Jam
uary LIST, 1873, was 81 ,l22 600. Gov. Kellogg, in
his message approving the supplemental funding
bill, stated that the amount funded up to that
date was S765, 600.
Tho following are the proposals made for the
sale Of wharf bonds to the city under the adver-
tisement OF the City Administrator Of Finance
He1wege l. schaeffer. $4,000 at 751a, $4,000 at
76lAA, $4,000 at Tx; Eager, Ellerman Il Co., $12,
00O u; 60. The latter bid was accepted
We continue to quote exceptional paper at -@8
b cent per annum discount, Al do at 9@lO,
and second grade nominal. First class mort
cages rule as 4B cent per annum, while second
grade continues entirely nominal.
Gold opened at l1311ac0l132H, against 1887 at
New York, and after fair business, closed
at l13A@ll4 (4c higher than on Saturday.
against liz in that market. The sales summed
up $4,000, embracing $4,000 at 1885,, $4,000
and $4,000 at 1881, $4,000 at 1881 @lI37s, and
5000 at 1871.
half dollars were still quoted at 1041a@105LL.,
and Mexican dollars at 80 gold for both new
and old.
Under the improvement in gold at New York.
sterling was nearly 1Ic higher. equal to about
$40 ID cent, and francs nearly n D cent. The
movement in botn were of fair extent. The sales
Of sterling comprised 100000, embracing f2OO0
bill Of lading At 5.491, f15O0 do at $50, ETA 900
do. at 5.4905.5011s, f12,0O0 do. at 5.5U@5. 501aa
clear at 5.5005.51, anu f30JU bank at 6.531Ia.
The sales Of francs comprised GAO 900 CONNER
cial, embracing SO, 900 and 81, 600 at 4571a, 100-
600 at 567S, 100, 900 at 1864 and 100000 at -.
and %, 600 Dank at 4521aa.
At the close eling bills were quoted at
5.5O05.51 for bill of lading and Al clear, and
5.53@5.54 for bank (bank counter rate at %
5.54114a) and francs at 4.56z@5.5Gk and nominal
for bank.
extent and the market was unchanged. The sales
comprised 1861 ,OOO embracing $4,000 CONNER
cial at 1-32 y cent premium $4,000 do, $4,000,
$50, 900 and 100000 private bankers and $50 0U0
bank at 1-16, and $4,000 commercial and Sill 900
private bankers at 1882. We also noticed sales
Of $4,000 thirty days commercial ght on New
York at q u cent discount and $40, 900 do on st.
Louis ana $4,000 do on Philadelphia at 1.
The banks continued to check on New York at
"a % cent premium, and commercial sight was
still quoted at1-l6.
The following is the official statement Of the
sales reported to-day at the New Orleans Stock
Exchange: