The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-28
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening. Jan. ~, 1876.

Total last week. -. 3,45l ,44O 10 ,259, 1873 50
Totai week before. 12,7S,,072 80 1,l42,779 %
Tho market continues quiet and easy. The
discount demand at the banks is limited, and
6 ,od paper is easily placed at our quotations. A
moderate movement was reported to-day in
Foreign Exchange, with a slight hardening in
rates towards the close. The supply OF New
York sight was liberal, but under good demand
yesterdays rates were fully maintained. There
was good inquiry for stocks, and sales were
again OF considerable extent, as will appear from
the transactions reported below. City Bonds
continued to improve, and, under good demand,
quotations were again advanced. New State
Consols were quiet, aud reported lower.
We have no change to notice in the Money
market, and therefore continue to quote Excep.
tlonai paper at 500 u cent per annum discount,
Al do at 100, and second grade at l2Uls.
First-class mortgages still rule at 9@l0 u cent
per annum; second grade continues entirely
nominal.
Gold opened at 1127.11l31s against 1922. at
New York, and after liberal business closed at
the opening rates, against lib IN that market.
$50 OW at 1925 and $4,000, si2 OO0 and si5, coo
at 1l3.
No sales of Silver were reported. American
half dollars were III quoted at 105Wl06.
and Mexican dollars at 921aa gold, for new and
1871, gold, for cd.
Under rumors Of foreign complications and a
stltfening in gold at New York, Fore ign Exchange
hardened slightly The movement was Of mod
crate ex cnt. The sales Of sterling comprised
f64, 700, embracing s2500 bill of lading at 5.4l
fSDOO and f2j,O00 do ard AL clear at 5.4211aa9
5.43 els, 900 bill Of lading and fl3 00O do I'D al
clear at 5.4211a@5. 4311aa and Gi20O bank at 5 49,
The only sales OF francs reported were 100000
commercial at 631s and $4,000 at 4621aa
At the close sterling bills were quoted at AZ
@5.43I for bill OF lading and Al clear, and %
5.46la for bark (bank counter rate -0gj.47), and
francs at 621a for commercial and nominal for
bank.
The offer ngs of New York sight were of fair
extent. but continuing to meet a good de-
mand, commercial remained stiff at previous
rates. The sales comprised ,Oe0, embracing
$40, 600 commercial at Is q cent discount, $1,000
ana $4,000 commercial and s2OO0O $4,000 and
$25 900 private bankers at SIG, and Sl0,0 600 aud
s25, private bankers and s25 600 bank at
9-32. We also noticed q sale OF $40 600 CONNER
cia on Providence AT &
The banks continued to check on New York
at "A u cent discount, and CONNER :lal sight was
still quoted at SIG
The activity in Stocks continued. The sales
included 100 shares Crescent ity Slaughter
House at sl2 lG0 do at S1i; SO New Orleans In
surance Association, ex-diyidend, at $2l So II
Merchants Insurance Co. at SIS IS; % and 25 do
at $50; large lots of st. Charles Street Railroad
Co. and New Orleans Gas Light Co. on private
terms; $500 in Louisiana Levee Co. Eight Per
Cent Nine Months Notes at 81; and at auction,
by Mr. Plscde j. Spear, for account Of success
sion of Michael Drascovich 80 shares Peoples
shares Merchants Insurance Co. at $50 so.
City Bonus continued active, particularly for
Premium Issues, which were quoted at the close
at 321aa fully ~ D cent higher than yesterday.
Currency Seven Per Cents ruled at about 321 8 for
New and SO for Old, about I. u cent advance over
Yesterdays quotations. The difference OF l1aaG9s4
u cent between the old and new is owing to there
being moro interest due On the one than the
other. City Gold Bearing Seven Per Cents were
quoted at 330l331l eor She Drainage, and 33ll9Gl34
fin ~ II former q
lower than the lat err, owing principally 10 con-
fiict,ng constructions OF tbs act under which they
were issued.
embracing 5000, $4,000 and $4,000 at 81, $1,000 and
5000 at 3211a, $4,000 at 322s $1,000, $1,000 and
5000 at 32lla, and $4,000, $4,000 and S30e0 at 80,
$4,000 New currency seven Per Cents, $1,000 at
3D. and $40, 600 and So, 600 at 321s, and $4,000
and sl0O 900 Drainage Series at 80, and $4,000,
mixed lot, at 81. The sales at the Stock Ex-
change compris ed 1880 Premium Issues at 81 u,
$500 do at 49, sll50 New Currency Seven Per
Cents at 80 and $1,000 City Gold Bearing Seven
Per Cents administration Series) at 321...
Yesterday We omitted to notice that the only offer
to sell to tie city $1,000 Wharf Improvements
(7-30 Per Cents) was by Messrs. Eager, Ellerman
4 Co., at 60, which was accepted.
New state Consols we're dull and closed at 661a
0167, against 671a0l6S yesterday, IL cent lower.
The sales iucludedisl0C00 at 66la, sl50G0at 66a4,
$780, 600 at 671a and $4,000 at Ga. The rumors
reported current yesterday about the stoppage of
the payment of interest abroad were generally
dlscredited.
In City Scrip we noticed sale Of $4,000 in 1874
Time at A. lime is now quoted at 4i145 for
August to December. 1873, and July to December,
1874, and 49@g5l for June and part of May, 1874.
Nothing tianspired in Metropolitan Police War
rants. They now rule at 9111a@921La for 1927
and 1874 issues, but continue entirely nom-
nal for lS6S-69 and 1S7l-72.
No sales OF State Warrants were reported
Fnndable are now quoted a. 460fS, not tundable
At O, and 1874 issues at 350s4O.