The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-12

3
January s....,........ legal Hollday.l !.
AsluAry io....s ei.ssaao os W s .o,nas ID ID
3anuAry f1.....,..s.s. As4s2,vos ~ sy,,v,s ~
Thus fAr this week.. ss,a7s.ees q, ts1.,1ss u u
Nam9 time laat week eso.1os y ,es ,se ~
H1fSi weak before 49,. Io.472.gT4 II 1.t67.ooo III
A fnir demand for discounts was re-
ported by most OF the banks. On the
sfreet the inquiry was moderate anu
fhn market easier. We notice that the
s,ianrinrs reported to-day from the
Cioariru House wore tho largest OF the
soason. and probably the largest since
thc organization Of tho Clearing House
Association. -,
and foreign exchange. the latter vt ma.
tnrinlly lower rates. New York sight
was IN somewhat less demand than yes
tcrdny, al unchanged rates. Securities
were generally reported quiet. state
and city bonds being quoted ~ previous
Annual elections for directors were
held to-day NJ tho several banks mere,
after named, resulting In The choice OF
the following tickets;
Richard Pritchard, Thos. l.. hirey,
Thco. Holman, WIN. y. schmidt, VIM.
ri Matthews and Joseph III. Oglesby.
Hiberpinn National p. Irwin. Emile
7ntiahe. Win. Hart, John Henderson,
=. po,iryine, Thos Smith and Ed. "A.
Gernnnja National Louis Schneider,
Jules. Cassard, Henry Abraham. }. W,
Buhf,hann, t. D: Cain, I. prudho'nmes'
n. 4. Cogrovc, John =. hfa'lz ana -
X. Small. !,
Mutual National John 7. Hnrdic, 7.
Maypcro. r. Fourcby. A. W. Boawortli,
q. n Chase. II. s. Keep. Lloyd u. Cole
man, !. q, Van Wiclsle and Adolph
Nav Orleans National A Baldwin.
]. X. Bell, j. r. Burdeau, j. J. Garvca,
A. UhnpAky, Chas. Plcnsants, Chas.
GhafYc. deo Martin, Salnl. DelBado, ID.
n Mclean. S. Katz and John II, Hanna.
The Now Orleans Gas Light Company
elocted the following Of directors: JAS.
Jackson, Charles Macready, ". Biscos,
~. BurbrIdge, III, Y. Attrell, -. II.
Kenncr and y. H. Kennedy.
In the estimate Of city expenditures
for the present year, passed ny the CITY
Council to-day, we notice that the Item
81 0g95. 900 for interest ls increased to
oi,000,0O0. This Is Tor interest on city
P1r interest and redemption under the
premium bonded plan. As II Is ilnpos-
sibIo to forcsee what amount OF out
ntandinR bonds may be funded during
fhe yoar. thus relieving the city Of an
ntlaf interest payments In proportion
Us ~ the amount funded, II cannot be est.
nnatod with certainty what amount will
~ required for interest on the bonds
which may remain outstanding.
I. Tho interest upon tho amount already
funded would, it Is calculated, amount
% some 800, 900, and 10 already provided
FOR under tho premium bonded plan
and we learn that IL ~ expected ut the
CITY Hall that tho process OF funding
Will progress 80 favorably during the
voar "a 10 render the above sum ol
hl.O0O, 900 more than sufficient to cover
the interest payments required.
The addition OF this and other items
70 tho estimate OF expenditures without
increasing the proposed rate OF taxa.
tlon--fi per cent--ls accounted for by
the fact that the estimate OF receipts
hos been amended by adding $2,O00,0O
from s'outytanding taxes and interest
estimated collectablc."
The flrst distribution to holders .ol
drawn premium bonds II noticed by the
administrator or Finance 10 be made
on tho 10th inst.
f,er at --aD per cent per annuln us.
\ count; Al do. at 10 u II, and second
grade Is IL. First class mortgages
otill rule ut ga 10 per cent per annum
second grade continue entirely nominal
Gold opened at 1l3 a 1871. against IL;
q New York, and after o fair business
closed ut l122 n I'D, against liza ~ thai
market. The sales summed up $50, 900
embracing $1,000 a. ii2i, $4,000 at li2s
100000 at 1l2y a 1i3, $1,000 at ii3, and
$4,000 and III 900 at 1874.
No sales Of silver were reported
American half dollars are still quotet
" 1O8 d 1861. and Mexican dollars 93l
Under the decline in gold and bills at
New York, sterling was quoted /!
lower, tcqual 20 $40 per ct.), and francs
1 per cent. The movement In both was
81 fair extent. The sales Of the former
comprised sol 900, embracing $4,000 bill
Of lnding and c20OO Al clear az $40, Gl00'
bill Or lnding at 5i0k u 5i1, c20,0O0 bill
OF lading at $40 n Cal, G5000 do. and
k96QO Al clear at sal, eli 900 bill OF lad
inr ut 5a0A u SAN, Gi5O0 Al clear ut 5i1 O
6ki1, 5000 do. ut 5i2 and El20D bank al
The sales OF francs comprised l75,00t
commerciul embracing 10000 aud 50,0 0t
At Ash, and $4,000 and 10, 600 ut i.632.
AZ the close sterling bills were qu9te.t
Ct 530}@ 540A for bill of lading aud Al
clear, and at -(l5laA for bank tbanl
counter rate NJ "a 545l, and francs ~
4.65@4 .63a for commercial, and nomina
Cor bank.
The offerings OF New York sight were
OF fair extent and met u moderate de
mAnd 1t previous rates. The sales com
prised $3.50, 000 embracing $1,000 com
mercial at per cent discount. and $40,
600 do. SAC, 900, $50, 900 and ST., 900 private
bankers' and $40, 900 bank at 7-16.
Tho banks continued to check on New
York at per cent discount, and com
mercial sight Is still quoted at ZIG.
We notice less movement In all classes
or securities to-day.
The only sale Of stocks reported were
Il shares OF New Orleans Gas Ligh
& Company ut -, and New Orleans Cit,
Railroad Company at Sl2S.
City bonds continued quiet and un
! changed The only sale reported was
$4,000 old city currency seven per cents
No sales OF new State consols were
reported. They were still quoted abou,
No sales city scrip were reported. I,
is now quoted Mt AL a Asa for August
to December, 1873 time, and July to De-
Cember 1874 and 40 81 for June and
part OF May.
Nothing transpired in Metropolitan
warrants. They now rule at 80 a 30 foi
l61S-4 bonds. and 70 70 for 1923, while
l07l-9 and 1862 continue entirely nomi.
nal