The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-02
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN, l
Tuesday Evening. Feb. l, 1876.
EEW ORLEANS ULEARlN0.aoUHA.

better demand Tor discounts was reported
at one or two OF the principal banks, but gen
orally the offerings were light. On the street
the inquiry WAS limited, and money easy with
occasional transactions at u cent on good
cOllaterals. Foreign Exchange was IN fair re-
quest and higher. The demand for New York
sight was not SO strong as yesterday, although
the market continued firm. Stocks were less
active than for the past few days, but there was
still good inquiry and fair movement.
City and State Bonds were both reported dull
and lower. The last statement OF the Citizens
Bank, under date of January 81, shows that
after charging off the State loan of $157,688 49,
recently declared not fundable, balance still re-
mains to the credit Of profit and loss account Of
500 1888 35 but although the net earnings Of the
last six months are estimated at per cent, yet
in accordance with the conservative policy
adopted by the directors, it has been deemed
best for the interests of the shareholders to de-
fer dividends until the surplus is still further
augmented,
We continue to quote exceptional paper
at COS y cent per annum discount, Al do at
90lO, and second grade nominal. First Gloss
mortgages rule at 90ll0 f9 cent per annum,
while second grade continues entirely nominal.
Gold opened at 1127s@ll3b. against lib at
New York, and after limited business, Close
at 113@1l314, against 1875 in that market. The
sales were confined to $4,000, embracing $1,000
at 1925, $4,000 at 1875, and $4,000 at 1890
1881.
half dollars were still quoted at 1O411a0lO5Ha
and Mexican dollars at 81 "a, gold. for new and
923I, gold, for old.
Under the improvement in Gold and bill. at
New York sterling was quoted Hac, equal to about
movement ia both was moderate. The sales of
sterling comprised f55, 900, .mbrscing fl5U0 bill
of ladlng at 5.44; fl2 900 do at 54315441aa f1500
and f40O0 do and f5U00 Al clear at Az; fl 1000
bill OF lading at 5.441a@5 1915 $4,000 do and
$4,000 Al clear at 5.45 5000 bill Of lading at AS
@545H; $4,000 bank, at the counter, at 5.4S, and
$1,000 do at 40.
The sales OF francs amounted to 395, 900. EN-.
brscing 10000 commercial at :; 10000 at
4 6114; Is, 900 st 4614@46O7s, and $4,000 bank,
At the close sterling bills were quoted at 544
as As for bill Of lading and AL clear, and q
5.47ll for bank (bank counter rate -G5.4S), and
francs at 4 6lA@4.6O for commercial and nom
inal for bank.
Under limited offerings and good demand
commercial sight on New York continued firm,
and the bank checking rate r. manned u changed.
The Gales comprised 1851 900, embracing sl5,OoO
commercial at a u cent discount, $4,000 do,
81 900 and SIS 900 private bankers, and $4,000
bank at 3-l6. and $40, 900 private bankers, and
$50 OOO, $50 90 and $40, 900 bank at We also
noticed sales of $4,000 three days commercial
sight on New York at SIG q cent discount, and
$40 900 commercial on st. Louis, slO,0O On Phll-
adelohia and $4,000 on Providence at Is.
The banks continued to check on New York at
X u cent discount, while commercial sight was
sIili quoted at 3-l6@T.
The movement in stocks was OF fair extent
and included so shares Crescent Ci ksilrCad at
s23 90 New Orleans Insurance Company at s32 %,
do at $50 50, IS and % St. Charles Street Rail
road at s 80 a. Na S Ne sank az
Company at ~ Also, at the Stock Exchange, 4
t. Charles Street Railroad at s73. and 40 new
New Orleans Gas Company at si25 50.
City Bonds were dull and not generally quite
az strong "a Yesterday Premium issues were
a.oss. :. s.l32,l.. Currency sevens lold) at