The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-14
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN.
Thursday Evening, Jan. Is, 1876.

Same time last week 9,647,32O SO 1892 26O s.
| Total last week.. 1l,720,095 Sc 1,16S15O 8
Total week before. 10,472,94 IA 1,167OOO Z
The demand for discounts was very moderate
| and dull day was reported by some of the prin
cipal banks. Outside rates for commercial paper
were easier and offerings light. A moderate
movement was reported in Gold. Foreign and
| Domestic Exchange were in good supply-th,
former at somewhat lower rates. In Stocks ant
Bonds the improved tone heretofore noticed con
| tinues.
| The increase in the supply of Money and the
| easier rates IN the market have apparently beer
followed by disposition to employ idle funds by
| investment in favorite securities. City Bonds
particularly Gold Bearing Seven Per Cents, and
New State Consols We're again reported active, al
| q further advance.
We learn that the decision of the Superio,
Court to-day, in the case Of the Southern Bank
vs.. the City and the Louisiana National Bank was
adverse to the plaintiff
The following dividends have been declared
| since December 1. 1875, to the present date:
Dec s, New Orleans City Railroad Company, 8
| u GEN., payable JAM l.
Dec. Is, Metropolitan Loan and Savings Bank,
6 q cent, payable Jan. 3.
Dec. 20, Stern's Fertilizer, u cent, payable
Jan. 5.
Dec. %. Carrollton Railroad Company, 8 y cent,
payable Jan. 20.
Dec. n, Canal Bank, q cent, payable Jan. 8.
Dec. %, State National Bank, h cent, payable
Jan. 10.
Dec. 20, New Orleans Gas Light Company, %
cent, payable Jan. Is.
Dec. 81, Louisiana National Bank 70 cent
payable Jan. l.
Dec. 81, Citizens Savings Bank, 10 y cent, and
for interest on deposits, y annum b cent, both
payable Jan. l.
Bee; 81, New Orleans National Bank, y cent,
Dec. 81, Germania National Bank, y cent
payable Jan. l.
Dec. 81, Mutual National Bank, . cent, pay
able Jan. IL.
Dec 81, Peoples Bank, p ct, payable Jan. TO-
1876: Jan. 3, Southern Bank, u cent, payable
Jan 3.
Jan. 4, Workingmen's Savings Bank, 4 u cent,
payable Jan. Is; interest on deposits, 6 u cent,
payable Jan. 3.
Jan; 7, Home Insurance Company, . cent,
Jan: 8, Louisiana Lottery Company, y cent,
payable Jan. 8.
Jan; 10, Hope Insurance Company, 10 " cent,
PAYABLE Jan. 10.
We continue to quote exceptional paper at -
@9 y cent per annum discount, AL do at l01l1,
and second grade at 15@1S. First-class mort
cages still rule at 99lO . cent per annum;
second grade continue entirely nominal.
Gold opened at. 11254@ll3. against 1929 at
New York, and after moderate business closed at
l125s@1121s, against ll25s in that market. The
sales summed up $4,000, embracing $4,000 at
1929, $4,000 at 12s4@l127s, $4,000 at 1l27. and
$1,000 and $4,000 at 1l3.
N
half dollars were still quoted at 1O6tG1O61l, and
Mexican dollars at 9311a(9-, gold.
Under the decline in gold at New York, ster-
ling was quoted rs lower equal to about ITO y
cent?, ana francs nearlyh y cent. The move
prsed f65.5OO, embracing $4,000 and f2SO0O
bill Of lading and AL clear at 5.39@5.40, $4,000
bill Of lading at $685., $4,000 and 10000 do. and
$4,000 do. and Al clear at 5.391sg5.4O. and s15OO
bill Of lading at $40.
mercial, at 4.65@4.642s, 5000 at 1875.
At the close sterling bills were quoted at
539@5.4O for bill of lading and Al clear, and
.@5.A for bank (bank counter rate at SAY,
and francs at 4.65@4.642s for commercial and
nominal for bank.
The offerings of New York sight were lees lib
eral. but meeting with only fair demand, COM
mercial was unchanged. The sales comprised |
s2l5, 900, embracing $4,000 and 10000 CONNER
cia $40 900, s25 900, $4,000, and $50 900 private
bankers at ZIG II cent discount and $4,000 |
bank at 1882.
The banks continue to check on New York |
at "A U cent discount, and commercial sight was
still quoted at ZIG.
active to-day, particularly City Bonds and New
State Consols.
The sales of Stocks included so shares Lon.
siana Sugar Shed Company at SIS %, Is do. at
e76, - Sun Mutual Insurance Company at $40, 20
shares Factors and Traders Insurance Company
1t $1l8 so, and go do. at $l19.
The movement in City Bonds was quite active,
in City Gold Bearing Seven Per
Cents, which were quoted at about 3l-l p cent
higher than yesterday. The sales comprised
10000 Premium Issues at PAS, $4,000 do at 24s.,
900 do at %, $1,000 old Currency Seven Per
Cents at 271, and $4,000 Gold Bearing Seven
p Cents drainage and Administration Series
$4,000, $40, 900 and $40 900 at 80 slO,-
100 at 3es4 5000, $40 900, $4,000 and $4,000 at
Il. and $4,000 at 311s. We also noticed sale at
he Stock Exchange of $1,000 Premiums at %.
The movement in New State Consols was also
II quite liberal extent, the sales and resales
amounting to s24S, 900, embracing $4,000 at &C,
10000, at 6O1a, $4,000 at 6034, $4,000, $4,000
md $4,000 at 81, 5000, $4,000 and SIS, 900 at
4, $4,000. $4,000, s2O,0OJ and $4,000 at 611s,
5000 at 61s, $50 900 and $4,000 at g., 5000 at
u, and $4,000 at 80 days buyers option, at I
211a. The market was quoted at the close at {
bout GIG, against COG yesterday. We also
loiced at the Stock Exchange $4,000 City Gold i
Bearing Seven Per Cents Drainage Series) at 81.
There is scarcely anything doing in City Scrip,
kept in small way, in the payment OF back
axes, and the market continues weak but un-
hanged. 1t is still quoted at 44IG45I tor
August to December, 1873, Time, and July to
December, 1874, and 49G5l for June and part Of
day.
Metropolitan Police Warrants continue active t
nd in demand for 1874 issues. which were