The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-04
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening. Feb. 3, 1876.
eaEw oRYEANa orrA nNo.uOuaR

The demand for Money was reported limited
both at the banks and on the street. In Gold
and Foreign Exchange the movement was Of
moderate extent and attended by slight decline
in rates. New York sight continued in limited
supply and rates were further advanced. only a
limited movement was reported in Stocks CITY
Bonds were quiet and unchanged. New State
Consols were active and quoted at marked ad-
vance.
We learn that the order of Judge Woods in the
Maenhaut case vs. the City, to which we referred
in yesterdays report, was again the subject OF
discussion in the United States Circuit Court this
morning; and that Judge Woods maintained the
wording Of the order made yesterday, which is
to the effect that the city is not only prohibited
and enjolned from using for other purposes the
| funds on deposit to the credit Of the coupons
overdue, but directed to apply these funds to the
payment OF the coupons due the parties to the
| suit
In accordance with what we mentioned yester-
day, we learn that steps are being taken to have
such coupon holders as are willing to participate
IN the costs OF the suit made parties to the suit.
This once done will enable those so made parties
to reap the benefit of the decision ordering the
distribution OF the moneys on deposit. Should
the city refuse to make the distribution, it ls
believed that no appeal lies which Can suspend
the execution Of the decree, it is alleged on the
part of the plaintiff, that the next move may be
| for the appointment OF receiver to perform the
duty.
| We continue to quote exceptional paper
SOLO, and second grade nominal. First class
| mortgages rue at 9WlO y cent per annum,
while cond grade continues entirely nominal.
Gold opened at 1l21sDll31s. against 1885 at
New York, and after far business closed al the
opening rates in both markets The sales COM
prised ST. 900, embraci,lg s25 COO at 1l3, and
$4,000, $1,000, $1,000 and s25, 900 at 1885,.
In Silver we noticed a sale OF $1,000 at 1867
American half dollars continued to rule at l04 "a
@lO5L while Mexican dollars were quoted AZ
for II
9lL yesterday for the former and 92s4 for the
Owing to the decline in Gold at New York,
sterling fell Off lc, equal to 2-l0 u cent, and
francs Il b cent. The movement in the former
was moderate, and limited in the latter
The sales Of sterling comprised ESP, 600, en-
bracing fl500 bill OF lading at 5.441a, f2J00 and
1900 do at 5.441aa@5.45, $1,000 AL clear at 545,
$500 do and AL Gear at 441aa0l5.45La, sl0, 500
and sl 900 bill of ladng at 545Y5.451a, f2UOO Al
clear at 4511la AID $1,000 and 1880 bank at the
counter at 50.
The only sales Of francs reported were 100000
commercial at 4.6l11 4@4.605s, and 100000 at
1905.
At the close sterling bills were quoted at 5441aa
@5.45la for bill of lading and AL clear, and %
549 tor bank (banh counter rate -M5. 49, and
francs at 4.6il4 for commercial ana nominal for
bank.
The offerings of New York sight continuing
limited, The market advanced slightly for
m.rciai, and the bank that We're checking yes
terday a. q Il cent discount rised their rates to
par. he sales comprised 1926 600, embracing
s O. 900 commercial and 50 900 private bankers
at u p cant discount, SIS 900 commercial at
$40 O0O $50 900. $50, co.. and 800 600 private
BANKERS, and $40 900 do and commercial at Lilo,
and So, 600 bank at par.
The banks continued to check on New at
4 y cent discount to par yesterday. and COM
mer .lal sight was quoted at -@1-16, against
1s0lI-16 yesterday.
The sales of Stocks included Is shares (old)
New Orleans Gas Light Company, at the Stock
Exchange, at 1929 so, and IS st. Charles Street
Railroad Company, outside, at $73 80, II do at
s74 80. and shares Of State National Bank and
Factors' and Traders Insurance Company, the
particulars of which did not transpire.
Civ Bonds were little more in request, but