The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-26
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
tuesday Evening, Jan. Is, 1876.

We have no change to notice IN the Money
market, in which the situation continues to be
characterized by large accumulation OF funds,
with little mercantile demand for their employ
ment. Offerings for discount to-day were limited,
both in bank and outside, and business in Foreign
and Domestic Exchange was also moderate.
We noticed fair movement in Stocks of which
the particulars are reported below. City Premium
Bonds were in some demand and stronger at the
close. There was q fair inquiry for New State
Consols, which were quoted higher.
We continue to quote Exceptional paper at
500 ~ cent per annum discount, AL do at 10 q
=, and second grade at 12glS. Flrst-class mort
cages still rule at SOLO u cent Per annum;
second grade continue entirely nominal.
Gold opened at 1121s@il3B, against 1875 at
New York, and after fair business closed at the
opening rates, against 113 in that market. The
sales summed III $4,000, embracing $4,000 at
11294, $4,000 at 1l22s, $4,000 and $4,000 at 113
$1,000, $4,000, $4,000 and $4,000 at 1l31S, and $1,000
at 1877.
No sales Of Silver were reported. American
half dollars We're sill quoted at 1851 (glO614,
and Mexican dollars at $40, gold.
The movement in Foreign Exchat sc was Of
moderate extent, and under better bill market
at New York, and the stiffness i'll Domestic Ex-
change here, rates were a little higher. The
sales Of sterling comprised $500, embracing
$1,000 bill Of lading at 5.421la, $4,000 do at 5.43
5.42ll@5.43lll, and f25O0 bank at 5.46.
The sales of francs amounted to 325, 600 COM
mercial, comprising 5000 and 100000 at 4 GA
100, 600 at 4.6211sg4612s, and 100000 at 4.6lT.
At the close sterling bills were quoted at 5.4L1a
@5.43L1e for bill Of lading and AL clear, and @
5461l for bank (bank counter rate @54O, and
francs at 4.62L for commercial and nominal for
bank.
The offerings OF New York sight were Of fair
extent, but meeting good demand commercial
was shade higher than yesterday. The sales
summed up $500, 900, embracing $4,000 and $780,
900 private bankers at % D cent discount, $40 GOO
commercial and $25, 600 private bankers at II 49,
$4,000 bank at ll-32W5-16, $4,000 private bank
ers' and $40, 900 do and bank at SIG.
The banks continued to check on New York
at a 53 cent discount, while commercial sight
was quoted at 2sG5- 16, against 40 yesterday.
The movement in stocks was OF fair extent.
The sales included 81 shares Bank OF Lafayette
at Sl4 st. Charles Street Railroad Company at
s73 80, 20 Carrollton Railroad Company at $50,
5 and 20 do at $50 50, and Sun Mutual Insu-
rance Company at sS4; also, at the Stock Elk.
change, shares.Sun Mutual Insurance Company
at $64
City Bonds continue in good demand for Pre-
MUM Issues, which were quoted at the close at
about 81, against 11,,lD3l yesterday, while Cur
rency Seven Per Cents continued to rule at 300
- for new. and at 3O@3l24 for old. Both Drain
age and Administration Series OF City Gold Bear
ing Seven Per Cents are quoted at OBJ. The
sales comprised s31, 900 Premium Issues, EN-.
bracing $4,000 and $4,000 at 301I, $1,000 at 307s,
and $4,000, $500, $4,000, $4,000 and $1,000 at 81,
and $4,000 Water Works at 30 also, at the Stock
$1,000 do at 30H.
In miscellaneous Bonds we noticed sales OF
$1,000 Jackson Railroad First Mortgage issues at
S5l1as, $4,000 at $685. and $4,000 at 81.
New state Consols opened at about yesterdays
closing rates, but owing to moderate offerings
and a fair demand advanced to 6s11a969, u cent
higher. The sales comprised s54, 100, embracing
$500 at 67a, $1,000 at $4,000 at g. $40 900 at
6s1I 5000, $4,000 and szO, 900 at $50, $4,000 at
6Ss4 !, and $4,000 at 69L.
No sales of City Scrip were reported. Time is
now quoted at 4i0g45 for August to December,
1873 and July to December, 1874, and 49g5l for
June and part Of May, 1874.
Nothing trauspired in Metropolitan Police War
rants. They now rule at 9l1aaG5921a for 1872-73
and 1874 issues, but continue entirely nOmi-
nal for 1S6S-69 and 1S7l-72.
No sales OF State Warrants we're reported.
Fundable are now quoted at 46@iS, not tundable
at %, and 1874 Issues at 35G40.