New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-12
MONETARY IND conNERclllL-;
MONETARY. ...a 49,
NEW ORL1ANe 11PuBLIOAN Ofrlsn'
fuvrnAY RyMua. January II. lS70.


A fsir demand for discounts was reported
by most OF the banks. On shc strees sae
INQUIRY was moderate and the Market
easier. We notice thai the clearin&e re-
ported to-day from the Clearing Hoase
were the largest of the season, and probably
the largest since the organization OF tno
CLEANING House Association. There was
fair movement in gold and foreign exchaTgo,
the latter at materially lower rates: NOV
York sight was in somewhat less demand
than Yesterday at unchanged rates. Secu-
rites we're generally reported quiet, ota.e
and city bonds being quoted at previous ny
ures. k.,d
Annual elections for directors were held
TODAY at the several banks hereaiteF
named, resulting in the choice OF tho loi-
lowing tickets: ,.;.
Richard Pritchard, Thomas Alrey, Ihe9'
HslIman. William B. Schmidt, William IL.
Matthews and Joseph II Oglesby.
Hibernia National-P. Irwin, Emle
Gauche, William Hart, John Henderson,
P. Poursne, Thomas Smith and Ed waro A.
Yorke. c.,,.;aar
JuIes Casssrd. Henry Abraham, j. w.
Rnhrmaun, l.. 8 Cain, L. Prudhomme, II.
r. G,greve, john F. Krantz and ). n.
Small. ~ u,ua;, D
Msspero. p. Fourcby. A. w. Bosworth, =.
T. Chase, E S. Keep, Lloyd Z Coleman, ..
| c. Van Wick!e and Adolph Meyer.
= New Orleans National-A. BALDWIN ..
K Rel. ]. T. Burdear, j. P. Garvey. A.
| Chapsky, Charles peasants. Charles Chalie,
| George Martin, Samuel Delgado, ID. Z. NC
| Car, s. Kaiz and John II. Hanna.
| The New Orleans Gaslight Company
cleo ed tie following board OF directors:
James Jack son, Charles Macready, Is; Bis
coe, j. w. Burbrdge, II. I. Attfii', u. r.
| Kenner and S. II. Kennedy.
the present year, passed by the City Coun
cil TODAY, we notice that the item OF
| seas 900 for interest ia Increased 10
| a GOO. 900, This is for interest on city
| hrnds. in addition to the appropriation iof
| interest and redemption under the premium
| bonded plan. As it Is Impossible to foresee
| what amount Of outstanding bonds may De
fund 4 during the year, thus releasing the
| eity of annual interest payments IL proper
| lion to the amount funded. 1t can not DC
| esfimated with certainty what amount VIII
| he required for interest on the bonds which
| may rema n outstanding.
| The interest upon the amount already
funded would, it is calculated. amount to
some $500, 900, and is alre ady provided for
under the premium bonded plan: aHd we
| learn that it is expected at the City Hall
that the process of funding will progress so
fayorably during the year as to render the
above sum of 81, 100000 more than sutfi
| cient to cover the interest payments re-
qu;red.
.ba estimate Of expenditures without in
creasing the proposed rate Of taxation-lh
| per CENTS accounted for by ths fact tn At
the estimate of receipts has been amended
by adding So,OO0,0oO from outstanding
taxes and interest estimated collectlble.'
The first distribution to holders OF drawn
nremium bonds is ro.iced by the Admins
traitor of Finance to be made On the tiff
| teenth instant.
We continue to quote exceptional paper
at -a9P cent T. annum discount; AL do
at lOal, and second grade at Is a Is. First
class mortgages still rule at 9 a 10 p cent =
| annum; second grade continue entirely
1 nominal.