The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-13
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN,
Wednesday Evening, Jan. II, 1876.
ssu ,pruaNS ACKNOWLEDGEMENTS

The demand for discounts was reported mod
crate by MIST OF the banks. On the sire ct the
| inquiry was light AID rates easier. Flrst-ciass
collateral loans we're in demand, and easily place
| at T3 cent per anuum. Foreign and Domestic
| Exchange were il good supply. and a tair move
! ment was reported IN both.
| better feeling Is reported in Stocks and
Bonds, and there ID apparently more disposition
| to j. vest. New State Consols and some classes
Of City Bonds were active, and quoted at a sharp
advance. We include III our report OF stocks
sales Of new stock privileges OF the New Orleans
Citv Railroad at 22023 premium-tnat is the
privilege or the holders OF thirteen shares of the
| old to subscribe at par for one share OF the new
| stock TO be issued for the purpose of extending
the Canal street line to the Lake, payable as per
official notice.
0l9 u cent per annum discount, AL do at lO0gl1
| and second grade at 159lS. First class mort
| cages still rule at 90iU f3 cent per annum;
/ second grade continue entirely nominal.
| Gold opened at l127. @ll31s against 1l27s at
| New York, and after fair business coseu at
1928 40Gl13 against the opening rate in that mar
| ket. The sales summed ~ $4,000, embracing
$1,000 at 1922 5000 at 1l27s, SIS, 1000 at ll27.
lib, $4,000 ana $1,000 at ll3, and $1,000 and $751;
| No sales Of Silver were reported. American
half dollars were still quoted at 10691O61s, and
Mexican dollars at 9s1a@-, gold. =:
Foreign Exchange without quOtable varia-
| ton, and the movement was quite liberal
| The sales Of sterling amounted to Els, 500,
comprising $4,000 bill Of lading at $50, f4OUO and
5000 do at $40, $4,000 do and AL clear at $500
54O1a f7000 bill of lading at 401a $4,000 Al
clear ut 5.4034, ELS 900 b OF lading at 5000
| Sal, $4,000 al clear at A. $1,000, $1,000 aud
60 90 AL clear at Az q, flUUO bill Of lading at
| 5.42. f150O bank at 5.45, and $1,000 do at the
| counter at 5.451a
| The sales of francs comprised $4,000 com.
! mercial, embr cling $1,000 and 60 0OJ at 4.65
100 900 at 1890 632, 1000. 100000 and 100
QUO at 1885, $1,000 at 4.6311s, aud 80 900 at =.
| At the close sterling bills were quoted at
5.391 .401I for bill Of ladlng and AL clear, and
| -9545 for bank (bank counter rate at @
| 5.451s), and francs at 4.65@4.63a for CONNER
clal and nominal for bank.
The offerings of New York sight were of liberal
extent, and met coed demand at previous
$1,000 commercial at u u ent discount, s2O.UOO
| ZOO and $4,000 do and S10,000 1000, $780,
OOO $4,000, $50, O0O and $4,000 privats bankers
at 7-16, $4,000 private bankers at 1882, and
600 three days commercial sight on Philadelphia
at q u cent discount aud $4,000 commercial
| sight on Providence at GIG.
| The banks continued to check on New York
at Il U cent discount, and commercial sight was
| still quoted at ZIG.
| We noticed more activity, better feeling and
| an upward tendency in all leading Securities,
and particu arly In City Bonds and New State
| Consols.
The sales of Stocks included 80 shares New
| Orleans Insurance Company at $50 so, 80 do. "a
| resale) and so do. at $50 IS, and 20 Sun Mutual
| Insurance Company at s78 so. Also, at the Stock
| Exchange, shares Sun Insurance Company at
$40. We also noticed sales of new stock privi-
leges of New Orleans City Railroad Company at
! 22QD23 premium.
| Clty Bonds we're active and in demand, partic-
ularly City Gold Bearing Seven Per Cents, which
were quoted at the close at 80, two points higher
than yesterday. The sales comprised $4,000 Pre-
| MUM Issues at 2454, $1,000 new Currency Seven
Per Cents at 27s4, and S81 GOO City Gold Bearing
| seven r Gems embracing $4,000 and $1,000
| Drainage, and 500 and $4,000 part Drainage
and part Adm nstration Series), at 49, $4,000 and
$4,000 do at 2oH, $4,000 do at 29Ha, and $1,000
| Drainage at 3.
We also noticed more activity and a good de-
mand for New State Consols; they closed at GOO
-, fully one and half points higher than yes
| terday. The sales comprised S92 900, embracing
SO, 900 at 5S34 $4,000 at 595s, $4,000 at 591aa
10000 buyers option. 80 days,) at 60, and $50,
600 at 6014.
There is scarcely anything doing in City Scrip,
| except in a small way, in the payment Of back
| taxes, ard the market is weaker but without
| quotable variation 1t is still quoted at AGO
| 45a Tor August to December 1873, Time, and
| July to December 1874, and 49Gl5l for June and
part of May.
l We notice more movement and pretty active
demand for Metropolitan Police Warrants of 1873
| issues. which are now quoted at about 81, 2 e
cent higher, they can be used for the payment
| of city licenses. Owing to some tie unhealthy,
| 1872 3 issues are not being received. and conse-
| quenty continue nominal at 70G72, while 1912
and 1869 entirely nominal.
| State Warrants apparently without any
movement. Ola State, fundable, are still quoted
1T 420e43; not fundable at @, and 1874 issues
at 3SGD421aa.