The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-19

GlpHIlnEs. Bit'tf''~t
january IN a2a3sa,4Th Ia 5000. s9I ri
January iT.....as.a. 2.a2o.aal On po2,s ~ y
january is.snss.,.. 2.s1s.e4s ~ ipe,sss Y
srhup far this week, l.. q .is2,7s1 90 sea9.2 s7 q
Hnnp time laat week. G,2T5.e ss W bTt. Tep u
Total laet week. .,,a ~1s,7s3,osa ~ ll42i1p y
Total week before, .i,. u,72o.ose 90 hieH'ie' "
With a plethora of money on hand
the market continues easy, and there Is
very little demand for discounts, either
In bank or on the street. Moderate
nnles OF gold were reported to-day,
iTherr was a fair movement In foreign
and domestic exchange, the former
showing a material decline, and the
latter a slight advance.
We noticed a considerable inquiry FOL
~fnvortte shares of stocks, although few
sales were reported. The City Council,
IN regular session. passed an ordinance
authorizing the Administrators OF III
nance to invite sealed proposals for the
sale 10 the city of $3.50, 900 outstanding
bonds. including premium bonds. The
immediate effect of this ordinance ap.
rear to have been To impart renewed
activity TO city issues. and to advance
premium bonds to about an equal tigur.
with the others. The latter were quoted
about three points higher than yester'
The upward movement Ia new State
conaols appears to have reached It's eli
max Yesterday, although considerable
transactions were reported to-day. This
morning there were evidently two par
ties In the market. representing figures
wide apart. the bull side weakening az
the day waned. Parties who have beer
operating largely In the past week
were out of the market. and ut IL O'Clock
the bonds were offered at 6si, with OF
bid. kilograms from New York author
lied sales at figures below yesterdays
quotations. and the market gave wa,
several points. Late this afternoon con
siderable amounts were offered rs low
as GO.
The stockholders Of the State Nation
al Bank elected the following Board o.
Directors Samuel H. Kennedy. Samuel
III, BOYD. Joseph Dunbar. VIM. L. Blake
more, Alfred Moulton, Jules Vairin,
Louis A. Wilt, Pierre Lanaux and
Frank Il. White.
The following were elected directors
OF the Union National Bank: A. j
Gomila, w. s, Bailey, John Thorn
scott McGehee, VIM. Hartwell, Jos
Bowling. N. d. Wallace, TIC. Herndon
Meyer and Carl kohn.
We notice the election OF Mr.. w. Var
Benuthuyxen 70 be President of the N. O
and Carrollton Railroad. and Mr.. =
Mcbride. Secretary also the election o.
Mr., Thos. Smith. as President of tn,
Hibernia National Bank. and Mr.. Emile
Gauche, Vice President.
We continue to quote exceptional pa
per ut o per cent per annum dis
count, Al do. at 10 a ii, and second
grade rs d rs. First class mortgages
still rule at pa 10 per cent per annum
second grade continue entirely nominal,
Gold opened at l12s a liz, against lis
at New York, and after u moderate bust
ness. closed at 112s a lI2s TO lower tLan
Yesterday. against llas in that market.
The sales summed up $25, 500. embrac.
ing $4,000 ut ll2s. $4,000 ut 1928 a 1l3,
and $4,000. $500 and $1,000 at 113.
No sales of silver were reported.
American half dollars are still quoted
at log a 1861. and Mexican dollars 93A
a-gold.
Under a dull bill market and the de-
cline in gold mt New York commercial
sterling vas quoted lAc, or about $40
per cent lower, and francs a per cent.
The movement in both was OF liberal ex-
tent. The sales of the former comprised
81, 500, embracing $4,000 bill of lading
and $4,000 Al clear at $40. el2,ooo bill OF
lading at 540A a 54lA, 100000 do. and
- NN. 0AiN IA - ~ 4 a bflA,
and f60o0 and e22 900 bill of lading and
1850 and s200O Al clear at 54lb.
The sales Of francs amounted to $780,
900 commercial, embracing $50, 900 and
100000 ut 4.65 a 4.63s, and $4,000 and
10000 at A.63s.
At the close sterling bills were quoted
at $40 a 541 for bill Of alading and Al
clear, and - a 545 for bank (-a 545I for
bank counter rate),. and francs at 4.65
a4.632 for commercial and nominal for
bank.
under a fair demand and less liberal
offerings New York sight was a shade
higher for commercial. The sales com
prised S225, 000, embracing SIS. 900 and
and S3o,0o0. private bankers at 1880
per cent discount; 5000, $4,000 and
$1,000 commercial, 5000. SIS. 600, 500
600 and $4,000 private bankers, and
$4,000 bank at 3, and &c., 600 CONNER
clal and $4,000 private bankers at 5-16.
The banks continued TO check on New
York at per cent discount. while
commercial sight was quoted at / a 5-l6,
against - a J yesterday.
In stocks WI noticed considerable
looking around for favorite shares Of
investment. The reported sales includ-
ed 100 shares Louisiana Leyee pre-
fegred) It -, IS Crescent City Railroad