The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-29

$40, 900 private bankers at 5-16 per cen
discount, $2s, 900 commercial, and $25,
900 private bankers at 9-32. $25,W'
and $4,000 private bankers and bant
at 3 1e, Hptl 900, OVO cohffilerciAf and $50,
600 bankht / :. M 81
The banks checked on Now York at
pcr cent discount, against | yesterday
and commercial sightwas quoted at SILT
a 1, against sic yesterday.
| The sales of stocks, outside OF the
Stock Exchange. included shares Mer.
chants Insurance. Company at 1913 10
| 80 do. at $59 so; 30 Crescent Insurance
Company at $75. IL and % do. at $75 60
"a st. Charles Street Railroad Com.
pany at 1913 60, Is Carrollton Railroad
Company Mt $50 80, and Canal Bank
Mt $g4 also, at the Stock Exchange 6
shares New Orleans Insurance Company
at $2t Is also, Mt auction, by Messrs.
Hoey IL O'Conner, 10 shares New Or
leans Insurance Association at SD 80
by Mr.. G. T.. Girardcy. 1000 Louisiana
Levee Company, preferred, at -, and
by Messrs. Macon, Ellison a. CO., Lou
isiana Mutual Insurance Companyat Sc,
Delta Insurance Company mt 80, ~
Home Insurance Company at $22, 100
State National Bank ut 500 30, 100 Cres-
cent Insurance Company at $73 rs, 8
Fire Insurance Company ut 1877 Is, CD
Factors and Traders Insurance Com
pany at 800 80, l do. ut SOL, 5 Canal
800 80, 80 New Orleans City Railroad
at $12s, . (new) New Orleans Gas Light
Company ut 1926, and 80 old do. Mt
at $3.50 so.
City bonds exhibited better feeling.
but were without uuOtable variation
from yesterdays closing OF the Stock
Exchange. Tho sales included $4,000
premium issues at 80, $4,000 do. at 32t,
$4,000 past duo railroad issues at $1,000
new currency seven per cents Mt 32l,
$8O0O.gold bearing seven per cents, drain
age series, at 331, $1,000 and $1,000 do. at
334 also at auction, by Messrs. Macon,
Ellison & Co., $1,000 now currency seven
per cents, with the juno and December
rardey, $4,000 old currency seven per
cents ut 313, $14, 900 now do. at 80. and ~
waterworks at 322.
On November 10 the Stock Exchange
officially quoted old city currency bonds
at az, against &c for new; on December
3lst. old at 27t n 2S4, against ~ a % for
new; on January Z. old at 27t, against
~ for new; on the 14th, old ut 2SI,
against % for new and on the 2lst, old
ut az, against 81 for now. Prominent
members OF the Exchange attributed
the preference indicated by the above.
to more interest being duo on the one
than on the other, which we mentioned
in our report, but feeling some doubt on
an explanation to the President Of the
Stock Exchange, who wrote for us the
1.-The ruling of the Stock Exchange
Is, that where any coupon Is partially
paid, offerings and bids shall be ex.
Is, taking, for instance,
city bonds, where any coupon is half
paid, the bid or offer is upon the basis
Of that coupon being off entirely.
Therefore gold bonds, administration
series. sell with January. 1876, coupon
off; drainage series with II on /; ten per
cents sell with October, 1875, coupon
Off Old city series, currency, since
The city commenced paying half
coupon, having only March, 1876, at
tached, while new city sevens currency
sell with December, Its, on. Under this |
ruling, the new Sevens carry three |
months more interest than tho old, and |
N funding for premium bonds. holders |
Of the new sevens will receive one
months interest in cash, while holders
IF the old sevens, bought under Elk
change rules. will have to pay the city
,wo months interest.
''If the old city sevens therefore are
selling for more than the new, it is
through some preference on the part Of
interest, that advantage being on the
,ther side"
This was written for us at our special
'equost, but being properly reluctant to
rive the information exclusively to our
eporter, the President furnished copy
If it to " contemporary. That which
vas intended for us failed to reach us
his morning, and we now give it ger
atim, the copy published by our con-
temporary slightly differing from the
original before us.
Yesterday evenings quotations put
he old bonds at 81, against 314 u 32A for
he now.
The offerings of New State Consols
letter, tho market was quoted at GGI II 81,
per cent higher. The sales included
10000 at 66l, $4,000 and $20, 900 at 664.
nd ut auction by Mr.. G. T.. Girardey
5000 at 66k also at the same auction
10, 900 Louisiana Levce Company issues
& 3O3.
No sales of city scrip were reported.
lime Is now quoted at 43 u A for August
. December, 1873, and July to Deem
er, 1874, and 40 u 81 for juno and part ,
I May, 1874.
Nothing transpired in Metropolitan
'olice warrants. They now rule at 80 a s
for 1923 and 1884 issues, but con- !,
nue. entirely nominal for 1869 and
,71-2. !
No sales OF State warrants were re- !,
orted. Fundable are now quoted at
iS; do. not fundable at "a, and )
,H issues at IS Il 40