The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-18
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Thursday Evening, Feb. II, 1876. I
Kew oRLKANs uLRAxNo-soUsE.

We have no change to notice in the Money mar
ket, which continues dull and easy. The move
ment in Gold and Foreign Exchange to-day was
moderate, and both showed q slight advance un.
der the dispatches from New York. New Yort
sight was moderately active At previous rates.
stocks were quiet and steady, and but few trans
actions were reported. New State Consols were
in better demand, and little higher at the close
ing falling off under the unfavorable report Of
the Senate Finance Committee, on the Premium
Bond bill. but subsequently rallying under the
belief that the measure may finally become q
law, a. the matter is still before the Senate.
The bonds sppear also to DO maintained ~
the authority to execute this scheme under the
amendment to the State Constitution adopted in
November, 1874, which prohibits an increase Of
the city debt, but expressly provides that the
amendment ''shall not be so construed as to pre-
vent . renewal Of matured bonds at par, or the
issue Of new bonds in exchange for other bonds,
provided the city debt be not thereby increased
The recent considerable advance in most City
Bonds has been generally attributed to . belief
that this bill would become law. We notice that
the unfsvorable report submitted in the Senate
to-day among other objections states that the
bill would give Legislative recognition to al bonds
now oue .tioned ~ to their legality, but the re.
port does not appear to substitute any practical
measure for securing speedy settlement.
We presume that the legal objections will be
Ffullv discussed by the senate. As it is . most
absorbing subject at this time, in witch the
proeperity OF the city is vitality interested, it IL
hoped that the Legislature will not adjourn with
out giving practical relief, in come form, to the
finances OF the city.
rnrt ahould have read: estate COnsols closed
sT slight decline, and City Bonds materially
lower"
-@8 % cent per annum discount, Al 90 at90lV'
A. nal IL
0aces rule as y cent per annum, while second
Srsde continues entirely nominal.
Cold opened at 113140l131ls. against 1875 at
Nav York and after moderate business, closed
At I13X@1l3I, .t1Sc higher than yesIerda J.!
r 1 s49 600 embracing $500 At 1881; $4,000 at
iisZ; $4,000 at 1ls1.@ll3ss, and 5000 and
NJ - s.les |s IF Silver were reported. American
half dollars were still quoted 1t lO5DlO6, and
both new and old Mexican dollars 2. " goio. 80.
H. " 80 u higher, equal to an advance Of about
TO u cent, and francs nearly = ~ cent.
Tho wovemsnt in both was moderate. The
sales of sterling were confined 70 to4,ooV, GU,
hracine 100000 bill Of lading. ana filoG0 90 sna
All clear 1t 5.49@5 4sT f2ooo oanA ~ ''''' ano
srSa ssles Of francs comprised 3l5 GOO CONNER
!. Sno r"hrscinc $4,000, and 100000 at 1855,
s0 0)0 at 4.5Sl@457H, ana ZU,VVV. 3v'ooo au'
40 0O0 1t 457. and 10. OOo bank 2. = oo., o.sd :,
for bill Of ad aaI snd AL A. si1 a. .1s
Eg sI md AZ francs At for commercial
ana no nfar;nos Of New York sight were OF fair
.,tant and rates we're unchangedc oo Inc sales
s2 sSa s SIS 90 private S.nIeIs
l32 y cent premium s.O bankers At lie, and
sss PEctsso T !.
cent discount and ooO on Bos Nsr York
The banks continue to check On S.T s;e h. vss
X 3 cent premium. and commel''"A s-e'
stiu quoted at-@1-l6. 81, .t...ment Of the
s.ies = reported to-day st the New orleans 0'0'A
n, es1 shssss Mutusl National Bank a.. ~ -
e41oes Umvn Naaiul.aa 1sAAk. .'.''''