The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-19
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Tuesday Evening, Jan. IS, 1876.
,RLEANe CLEARINGHOUSE.

With plethora Of Money on hand, the market
continues easy, and there is very little demand
Moderate sales Of Gold were reported to-day.
There was fair movement in Foreign and DO
mestic Exchange, the former showing material
decline and the latter slight advance:
We noticed a considerable inquiry for favorlte
shares OF Stocks, although few sales were re-
ported.
The City Council, in regular session, passed an
ordinance authorizing the Administrator OF Fl
nance to invite sealed proposals for the sale TO
the city of $3.50, 600 outstanding Bonds, including
undrawn Premium Bonds.
The immediate effect Of this ordinance appears
to have been to impart renewed activity TO city
Issues and to advance Premium Bonds to about
an equal figure with the others. The latter were
quoted about three points higher than yester-
The upward movement in New State Consols
appears to have reached it's climax yesterday,
although considerable transactions were reported
to-day. Thus morning there were evidently two
parties in the market, representing figures wide
apart, the bull sids weakening as the day Waned.
Parties who have been operating largely In the
past week were out Of the market, and at u
O'Clock the bonds were offered at 6S'4, WIN %
bid. kilograms from New York authorized sales
at figures below yesterdays quotations, and the
market gave way several points Late this after
noon considerable amounts were offered as low
as &c.
elected the following board Of directors: Sam'l Il.
Kennedy, Saml H. Boyd, Joseph Dunbar. VIM.
r. Blakemore, Alfred Moulton, Jules Vairln,
Louis A. Witt, Pierre Lanaux and Frank I.
White.
The following were elected directors of the
Union National Bank
A. ]. Gomila, w. s. Bailey, Jno. Thorn, Scott
NcGehee, VIM. Hartwell, Jos. Bowling. N. D.
Wallace. T. @. Herndon, B. N. Pond, +. +.
Lavlllebeuvre, Victor Meyer and Carl kohn.
We notice the election Of Mr.. W. Van Benthuysen
to be President of the New Orleans and Carroll
ton Railroad, and Mr.. 7. Mcbride Secretary ;
also. the election Of Mr.. Thos. Smith as Presi-
dent Of the Hibemia National Bank, and Mr..
Emile Gauche, Vice President.
We continue to quote exceptional paper at
as ID cent per annum discount, Al do at l0Cg
II, and second grade at 15@1s. First-class
mortgages still rule at 9Wlo1t3 cent per an
mum; second grade continue entirely nomin \. Nv
York, and after moderate business closed at
l1259G1127s DC lower than Yesterday against
1928 in tuat market. The sales summed up
$685. 800 embracing $4,000 at 1924, SO, 600 at
No sales OF Silver were reported. American
half dollars still quoted at l060lO61s, and
Mexican dollars at 93llaag--, gold.
Under q dull bill market and the decline IN
quoted Ne or about $40 u cent lower, and
francs 14@L u cent. The movement in both
| was Of liberal extent. The sales Of the former
comprised f92,5O0, embracing $4,000 bill Of
ladlng ana tjtUU Al clear NJ o4U, LUUU Oil VI
lading at 5.401 JOS Az, 100000 do and f23, 600
do aud AL clear at 54lG5.4lHa, and $4,000 and
f22, 900 bill Of lading, and fl5O0 and f2O0O AL
clear at 5.411a
The sales OF francs amounted to $4,000 CON-
| mercial. embracing 10000 and 200 900 at 1850
63s., and sc, OOD and 100000 at 1857.
| At the close sterling bills were quoted at
| S. 4o@54l for bill Of lading and Al clear, and
-95. As for bank, (--G54 51 for the bank counter
rate, and francs at 4.65g4 t3'4 Tor commercial
| and nominal for bank
Under fair demand and less liberal offerings
lNew York sight was shade higher Tor COM
| mercial The sales comprised $225.O 600, en-
| bracing $4,000 and $4,000 private bankers at
1892 d C MT discount; f5GO0, &c., 900 and s15,-
900 commercial $1,000 s1S0 900, $4,000 and 81, coo
private bankers, and SIS 000 bank at q, and
500. 900 commercial and 600 private bankers
| at 5-l6.
| The banks continued to check on New York
| at Il u cent discount, while CONNER ,al was
! quoted ut s,stG5-l6, against -@ss yesterday.
| In Stocks we noticed considerable looking
around for tavorite shares for nvestment. The
| reported sales included 400 shares louisiana
Levee (preferredl at "a, a Crescent CITY Rail
road Company at s2i Is, end 80 New Orleans In
surance Company, ex dividend, at $50 70.
In sympathy with the general movement, and
under the irhuence Of the adoption OF the ordi-
nance mentioned above, there was . liberal bust
ness done in City Bonds, particularly IN premium
| SERIES which showed an advance OF three points
over yesterday closing quotations while Currency
| Seven Per Cents and City Gold Bearing seven
| Per Cents ruled at about yesterdays closing
rates. The sales OF Currency Seven Per Cents
.1c.uaea sc. COO and $50. 600 at -, No sales o.