The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-09
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN, |
Tuesday Evening, Feb. 8, 1876.
NEW ORLEANS uLEARING.EOU6E.

We noticed slight increase in the offerings at
the banks yesterday, but to-day the market re-
sumed the general duliness which has character
lied it for some time past. The suspension ad-
vertised in the morning papers was not unex-
pected, and Notwithstanding some rumors to the
contrary, has had little no effect in our finan-
cial circles. The movement In Gold to-day was
moderate, and the market steady at previous
rates. good business was done in Foreign E1-
change at slight improvement, under the firm
ness III bills at New York, and further advance
in sight drafts on that market.
fair business was done in Stocks, at about
previous rates.
The movement in New State Consols was quite
liberal at rather steadier rates, but in City Bonos
limited, without any marked variation.
City Scrip, Metropolitan Police Warrants and
State Warrants have been quiet and without any
remarkable change. for some time, and the few
transactions req, rted have been generally the
aggregate Of small amounts sold at retail for the
payment of taxes, etc.
We continue to quote exceptional paper at %
u cent per annum discount, AL do at 9@l0, and
second grade nominal. FIRST class mortgages
rule at 1910 % cent per annurn, while second
grade continues entirely nominal.
Gold opened at 112a4@i13, against 112T at
New York, and after moderate business closed
at the opening rates in both markets. The sales
summed up s45, 900, embracing $4,000 at 1l2344.
$4,000 ut 1l21s, and $4,000, $4,000, s500o $4,000 and
5000 at 113.
No sales Of Silver wore reported. American
half dollars were 6tl1 QuOCeQ at 1VO/slylU0Ia,
while Mexican dollars continue to rule at 92 golu,
for new. and SO, gold, for old.
Under stronger market at New York and an
improvement in Domestic Exchange here, ster-
ling was 10, equal to Ito u cent higher, and
francs nearly IA iB cent. The movement in both
was Of liberal extent. The sales OF the former
comprised fi13,0O0, embracing f1O00 Al clear
and $4,000 bill OF lading at 545, f2U00 bill OF lad
ing and EOS, 900 do and AL clear at 5.44IaG5 49,.
f27 900 and $4,000 bill Of ladlng at 5.45g5.45a,
e. ro1o OF hon
flO0O DO at 5.4s11ls, and $500 do at 5,49ja
The sales of francs comprised 100000 CONNER
cial embracing $4,000 at -, and 80 0OO and
100000 do st 6l14 and 10000 bank at 457N.
54il@15.451l for bill Of lading and Al clear, and
at-Gl5. 49, for bank (bank couaterrate -@5.50),
and francs at -@t6ll4 for commercial ana NOM
inal for bank.
Under good demand commercial sight on New
York was stronger than yesterday, and all the
banks advanced their checking rate to "a y cent
premium, except which continued to draw at par.
The sales comprised S27O,OOU embracing $4,000
private bankers at 1-16 f3 cent discount, $4,000
and $4,000 do, 500 900 commercial and $4,000
bank at par sis, COZ aud s35 900 bank at l. 81 u
cent premium, $4,000 do at ZIG, and s5O,O0O
private bankers at "A. We also noticed sales OF
$4,000 commercial Is days sight on New York,
at IA . cent discount, and $4,000 on Phiiadel-
All the banks checked on New York at x y
cent premium, except two which drew at par,
while CONNER sial sight was quoted stiff at par
O. premium.
The following is the official statement Of the
sales reported to-day at the stock Exchange:
shares Union Bank at .......... $40 90
so shares Factors and Traders Insur-
ance Co. at ~ 5U
90 shares Merchants Mutual insurance
20 shares Merchants Mutual Insurance
Co. at. .................. WIS
10 shares New Orleans Insurance Co. at 80 %
Is shares new New Orleans Gas Light
ca. at. 127 90
GO shares New Orleans City Railroad ut III 90
30 shares Sugar Shed Co, at - 81 60
"a son State Consols at 67A