The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-08
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Tuesday Evening, March z. 1876.
NEW ORLEANS CLEARINGHOUSE.

We have no new feature to notice in the Money
market, which continued dull to-day with the
offerings for discounts limited, both in bank and
on the street, and the rates Of commercial paper
easy. moderate business was done in Gold at
q little lower rates. In sympathy with the de-
cline in gold at New York, Foreign Exchange also
gave way, and exhibited only moderate move
ment. The offerings Of New York sight were
limited, and met only light demand at previous
rates. But little animation was exhibited in
Stocks, and the market was generally considered
weaker, even for favorite shares. Owing to lin
| tied offerings under fair demand. state Consos
Bonds being in liberal supply, fell off slightly for
nearly all issues.
We refer TO the proceedings Of the City Coun-
Gil for the particulars Of proceedings relating to
passed by the Legislature regarding the receipt
OF city scrip for taxes; Also for resolution re-
| lerring TO the Committee Of the Whole, for i'm
mediate action, the bill levying tax for the New
| Orleans Pacific Railroad, and for an ordinance
providing that the United States Government be
notified that, as the latter has ceased to use the
building and grounds occupied by the United
States Mint for the purposes specified in the
ordinance Of 1885, the same reverts to the city
under the terms Of that ordinance.
| We continue to quote exceptional commercial
paper -@8 % cent per annum discount, Al do at
9O1O and second grade nominal. First claes
mortgage paper 9@10 u cent per annum,
second grade entirely nominal.
New York, and after . moderate business closed
at ll4ass@ll45s, 90 decline, from Yesterday
against li4ss4 in that market. The. sales
summed up $29, 900, embracing $1,000 and $4,000
~ $4,000 600 . # 1 TX s 1900 At
No sales Of Silver were reported. American
half dollars were still quoted at 105L010611ls,
and Mexican dollars at 50 gold.
Under the decline IN gold at New York sterling
i.1o@ as 8 cent? and francs fully Il y cent.
The movement was moderate III the former
snd limited in the latter. The sales comprised
EAT 0OO embracing f16, 900 bill OF ladng at 552,
$4,000 do At 5521a@5 s. $4,000 and $4,000 bll ao Of
do. at 5.53@5.53H, f4Ooo bank at 5.57, and flOOo
The only sale, Of francs reported was 100000
commercial at 4 IS.
5.5l1s05 So for bill OF lading and Al clear, and
-@5.56 for bank (bank counter rate OBJ 500
and francs at 4.5614@4.55 for commercial ami
nominal for bank.
The of rings Of New York sight being limited,
and the demand light, the market was unchanged.
The Gales were confined to1$110 900, embracing
$50, 900 commercial at 1-l6 y cent discount, s5o-
900 private bankers at 1-3,, and $4,000 do at
par.
X " cent premium, and commercial sight was
stili Quoted at l-16 cent discount q par.
The following is the official statement OF the
sales reported to-day at the New Orleans stock
Exchange:
10 shares State National Bank. ........ s6S 90
do Hope Insurance Company " W
do New Orleans Gas Company new lat 90
~ fr d Jackson Railroad Second Mortgage
s1'oso Son1,on Ronds -. 65
< ooO State ConsoIs. 69A
1ooOo al. ...... 69ss
al zoo do. ............ 69Z
>, ooo I G,.. p ?, U;nau Bonds. 81
9aOoO 10 do. ....... 37H
e 000 a. do. ....... 37I
I0S0 a. al. ... 37as
aa'0oO a. do. -. ...... 37I
SssSV r.s- r-o.,.;.,v., Ronds k1fa 000