The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-02-18
OFFICE N. Q. DEMoCnAT, !
Thursday Evening. Feb II. 1876.
NEW ORLEANS CLEARING HOUSE.

Cearings. Balances.
February u illegal Holiday. Abraham Lincoln's
February l5........... 3,b02.959 ~ 800 ob3 10
| February 49, ............ 2.tA.b W. 3l7.s22 o.
February I7..'...,..t.' l,7la.Wn ~ llolos 10
Thus far This week = s9.479.Ga3 os ssio2ei 70
Snme time Inst week. lo.973.9s3 u !.i22bo1 %
| Total last week ........ .125W.3b2 ~ 1.J710la "
Total week before. So. l03ss.l0 LOG ~ 1.o5osef "
| We have no change to notice IN the money
| market which continues dull and easy. Tho
movement in gold and foreign exchange to-day
Under ind Tho dispatches from New YORK. New
1Ss sEa aet was w,rs a ss But
| fcw transactions wore reported. New state con-
soils were in better demand and u little higher
City bonds wore unsettled and irregular. show
ing a falling Off under the unfayorable report OF
tho Senate finance committee in the premium
pe belle thai The measure may finally become u
law ns tho matter IL still before tho Senate. The
bonds appear also to DO maintained by tho fact
That the Council have all along claimed the
authority to execute this scheme undor the
amendment 10 the State constitution. adopted In
tho city debt. but expressly provides that the
amendment shall not DO 80 construed rs 10
prevent renewal Of matured bonds at par, or
tho issue of now bonds In exchange for othcr
bonds provided tho city debt be not thereby In
Tho recent considerable advance In most city
securities has been generally attributed 10 u be-
lief that this bill would become lazy, We notice
that the unfavorablo report submitted In the
that the bill would give Legislative recognition to
oil bonds now. questioned ~ to their legality.
but tho report docs not appear to substitute any
practical measure for securing speedy settle
mont. We presume that the legal objections will
lc fully discussed by tho Senate. AZ IL H. d most
absorbing subject ~ , o r. TINS LINE IN which ts
hoped that tho Legislature will not adjourn with
out giving practical relief in some form to the
In our preliminary remarks yesterday. our
report should have read. state consols closed nj
u slight decline. and city bonds materially
We continue TO quote exceptional paper mt 40
9per cent pcr annum discount; Al do. ut 9coio.
and second grade at 1908. First-cass mort
second grade continues entirely nominal.
Gold opened nt ll3l@llyh. against iists q,
ut li3's@ii3'a. tsc higher than yesterday
against i3a IN that market. Tho sales summed
up $4,000 embracing 5000 mt l13n. 5000 Mt i13}a,
| 5000 and $4,000 ut ll3's@ii3ss, and 5000 and
$4,000 nj li3ss,
No sales OF silver wore reported. American
@ dollars a s a% %.%ra % saS and
| Under tho advance In gold at Now York. stcr.
| ling was SO higher. equal 10 an advance Of
| about lilo per cent and francs nearly - per
cent. ,
sales Of sterling were confined TO t34.bO9 en-
clear at b49co5a9. G25Oo bank at 553 and ElOoo do
| sight at 800.
The sales Of francs comprised $4,000 CONNER
cial. embracing 1900 and 100000 ut 4.bBh. 90 900
| mt 4bsheoib7]l and 10000. 10000 and 10000 ut
ab7,s, and 10000 bunk at 4;53't.
cD5t9,s for bill Of indng and Al cIcar. and %
b53 for bank tbank counter rate ut -mp553ls). and
francs 9t t5s's@L57'a for commercial and nom-
| The offerings OF Now York sight were of fair
extent and rates were unchanged. The sales
comprised $500 900. embracing 1000 commercial
Il klo ,,,Ix hun kor nj
cent premium, 5000 and $50 900 commercial and
1000 private bankers, ut lie. and sso.ooo pri,
vatc bankers ut 1892. We also noticed B;iies OF
| sloOoo commercial on Providence at . per cent
discount. and $4,000 on Boston ut par.
| The banks continued TO check on New York mt
u per cent premium. and commercial sight was
Tho following is tho official statement Of the
sales reported to-day ut tho New Orleans Stock
80 shares Mutual National Bank at ss2 So 8,
90. Union National Bank. s39 80; 2! DO. do.
9 1s IS q. 40. a ~ Hon no. or"soens
s36 50; IS do. Jefferson City Gas Company. $40;
$4,000 State Consols 6G7. $4,000 do. 81 $1,000 do,
State consols; 5000 city premium bonds 321. !;
$4,000 do. 32,s: $4,000 do. 32a $4,000 do 32ss
5000 do. 32R; 1000 do. 33h; $1,000 do. 335l :;
making n total of s67 600 city premium bonds !;
$1,000 city currency sevens 32s: $1,000 city scrip
at A.
Stocks were steady but rather quiet. and no
sales were reported except mt the Stock Ex-
change.
State consois were moro in request. and were
against 81. yesterday. The only sale not re-
ported ut the Exchange was $1,000 ut Ga.
Under the influences mentioned above city
bonds were irregular and unsettled. opening at
decline from yesterdays quotations. and clos
ing at u moderate demand. Premium issues
were quoted at the close at 33i933l, told curren-
cy scvcns at 324@33, tnew) do. ut 330e4 gold bear
ing sevens administration serics) at 33a4@34H
and do. drainagel at 3il@aS, No sales were re-
ported except ut the Stock Exchange.
City scrip was still quoted ut 4I0Hh for August
to December, 1873. and July to December. 1874
Metropolitan Police warrants continued to
rule at $1,000 for lS72-3 and 1884 issues. and en-
tirely nominal for 1869 and 1871-2
State warrants were still held Mt 466D48 for
fundable. at % for not fundable. at 5000 for
1874 issues. and 43@l5 for 1875.