The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-11


crease in loans, which may be accounted for by
the payments Of the Sd and 4th. Some OF the
banks reported fair discount demand to day,
but the movemt mt was generally moderate, ana
on the street there was little inquiry. Cash Goid
was reported scarce and in demand. A 1alr
movement was reported in Foreign Exchange,
and New YORK sight was in good supply with no
change in rates. We notice more inquiry 1or
stocks, and apparently no dlsp sltlon to invest.
We learn that the State Supreme Court to-day
held that the writ of sequestration applied for
short time since by the Southern Bank, would not
lie, on the ground that the Southern Bank and
other coupon holders, have no vested title IN the
funds deposited in the Louisiana National Bank
to the credit Of the debt. The plaintiffs filed an
application for rehearng inviting the attention
OF the Court to the following clause OF the act OF
| 1872, sec. II: 'Such funds shall not be subject
to the draft of any city official, but shall be
| vested right of the bondholders." The case is
! expected to come up on its merits tomorrow be-
| fore the Superior District Court.
The Workingmen's Bank to-day elected the
following Board Of Directors to serve the ensuing
wear: Victor Maignan, J. b. Camors, D. PocheIu,
A. Walz, M. B. Muncy, J. G: spor, Theoph. Com
magere, J. E. Merilh, J. B. Mondiegt.
| We continue to quote excepuonaI paper at -
| as u cent per annum discount, Al 40 at lOgll,
cages still rule at 9@lO u cent per annum
| second grade continue entirely nominal.
| Gold opened at 1127s@l131s. against il31s at
New York, and after liberal business closed al
/ ~S"NA1S
/ 3 in that market. Cash gold lie rather scar &C.
The sales summed up $685. 900, embracing $4,000
at 1929, $4,000 at 1927 $4,000 at 113 $4,000 1T
ll31s, 5000 and s25 900 at 1137s(g1l34, and
| SSOOJ, 5000, $4,000 and $4,000 at 1854.
No sales Of Silver were reported. American
half dollars were still quoted at 1O6(g1061s, and
Mexican dollars 9sl@-, gold:
The movement in Foreign Exchange was OF
fair extent and the market was without quotable
variation. The sales of sterling comprised f69,
OOO embracing f24 900 bill Of lading and AL clear
at 5.410e542 10000 bill of lading at 5 H1aCg5.4s
fI20 600 bill of lading and fl5OO AL clear at D AZ,
f19,0OO bill Of lading at 54I1ag5 4214, t25oo Al Al
clear at =, fl5.00O bank at 5.451a, aud f2U0o do
sight at 49.
The sales Of francs comprised 100000 com
mercial, embr cling $4,000 at 1859 @4.62lls
$4,000 at 1885, $50 goo at 1929. -.
At the close sterling bills we're quoted at
54195.42 for bill of lading and AL clear, and
-@5.45 for bank (bank counter rate at q
545L,) and francs at 1853 90 for commercial
and nominal for bank.
The offerings of New York sight were of liberal
extent, and met good demand at previous rates
The sales comprised $428 600, embracing sls,OO(
commercial at "a b cent discount, SO, OOo "a q
| l497-16, $4,000 do, $4,000, 5,ooo, s2o,oOo
. $50 600. 500, 900 and $4,000 and $4,000 banl
at TIC. $4,000 private bankers at 1882, snt
500 OOU do at a. We also noticed sales OF sl5,'
600 commercial on Providence at GIG T. cen
discount, and 5000 IN gold checks on New ioil
The banks continued to check on New Iorl
at Il " cent discount, and commercial sight wa
still quoted at TIC.
The sales of Stocks included 81 shares New
, | Orleans lns urance Company at s32 -, 10 Hiber
MA National Bank at s57 so, Carrollton Railroad
Company, with dividend, at s75, 70 Sun lusuranc
, Company at s7S, SO Crescent Insurance Compan
| at $50 Is: also. at the Stock Exchange, Crescen
Insurance Company at S6S 81, and within FEY
DAYS not before reported, ~ shares Ne" orieah
c Insurance Association at 81
CITY Bonds continued quiet and unchanged
The only sale reported was soooo va City Sui
0 rency Seven Per Cents at =, 1-o,.
. New State Consols were still quoted at-95si,
The sales included s1O00Oa at 5e14 $4,000 ana ~
CO., at 5s1a, 500 at 1884, and tour sloo at o'
b ALEC, at the stock Exchange, $4,000 at 5oNr
5 No sales of City Scrip were reported. II
0 now quoted at 441a9451a Tor August to % Decen
o Der. 1873, time anu July to December, 1874 an
45@51 for June and part OF May.
~ Nothing transplred 10 Metropolitan Police Wal