The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-12
FINANCIAL.
UFFICE NEW ORLEANS BULLETIN,
Friday Evening, Feb. Il, 1916. (

| The week opened with slight increase in the
offerings at the banks, since which the demand
for discounts has been limited, and the market
! resume its previous dulness. Al and exceptional
commercial paper have been scarce and in re.
quest, and Money has occasionally been placed
! on call at COT s3 cent pes annun,. With the ex-
cess Of capital over the commercial demand, the
investment demand for securities has continued
good, especially in favorite securities, most Of
which have advanced. City Bonds have materl-
ally improved, particularly Premium Bonds,
which have been strengthened by favorable
recommendations Of the chamber of Commerce
and the passage Of bill in the Lower House Of
| the Legislature approving the premium Bonded
plan.
State Bonds have exhibited more than their
usual fluctuations, closing at decline OF 1917
y cent. from last Friday . quotations. Gold has
ruled up to this evening at steader rates than t,S
some time. The movement in Foreign Exchange
has been more LIBERAL with but little alteration in
rates. closing at a slight advance over last Fri.
days quotations.
Under an increased inquiry from interior
towns, and . better demand from the banks.
Domestic Exchange has been active. and ruled
higher, closing at a net advance Tor the week of
"A u cent in bank checks and J-l6 ~ commercial
We notice that the Mechanics and Traders
Bank declares dividend of u cent on the CAPT.
tai, payable on and after Monday, the 14th inst.
We continue to quote exceptional paper at =
as % cent per annum discount, Al do at SOLO,
cages rule at y cent per annum, while second
grade continues entirely nominal.
Gold opened at 1124@l13, against l13 at
New York, and after far business, closed at the
opening rates in both markets. The sales sum
med up 500, 500, embracing $500 and 900 at
1924, $4,000 and $4,000 at 1l11s, and $1,000,
$1,000, $4,000 and Sill 900 at 49,
No sales of Silver were reported. American
half dollars were quoted at 1O5@lO6, against
1867 @l06H yesterday. while Mexican dollars
tn Ri at for nj
old.
Under the improvement in bills at New York,
Foreign Exchange was stronger. The move
ment was OF liberal extent The sales of
sterling comprised fl12,500, embracing $4,000
Al clear at 5.45HH, f35, 900 do and AL clear at
5.4511s95.46, f75OO do, f400O bid of landing and
f4OOU and f12.0O0 AL clear at 5.46, $1,000 bill of
ading at 5.45a@5. 461 f2S, oCO do al 5.46015 461,
$4,000 Al clear at 5.4b14, and $4,000 ana f5utO
bank at $50.
The sales of francs comprised 250,C00 CONNER
cial, embracing $4,000 at 46l4, 100000 at
4 6114 Q 605ss, and 25,tt0 at 1905.
At the close ling bills we're quoted at
5.45@5.46 for bill OF hding and Al clear, and
at-@t5.491 for bank (banh counterrate -@5. SOY,
and francs at 4.6i4@- for commercial and
nominal for bank.
The offerings of New York sight were of fair
extent, but meeting good demand commercial
was firm at previous rates. The sales comprised
s350,000, embracing S25, OG0 commercial and $685.
00O bank at 1872 u cent premium; and $4,000
and $40, 900 commercial, $50, coo and $4,000 pri-
vate bankers and s30 900 and $50 900 bank at 116
and $685. 600 commercial at l-1601--. We also
noticed sales Of $4,000 commercial on Provi-
dence at a % cent discount, and $40, 100 on Fha-
delphia at par.
The banks continue to check on New York at
Is q cent premium, and commercial sight was still
quoted at -l6
The following is the official statement Of the
sales reported to-day at the New Orleans Stock
Exchange:
Is shares Mutual National Bank at s82 so
shares Hibernia Insurance Co. at .... 81 so
10 shares Merchants Mutual Insurance
20. at. % w
10 shares Merchants Mutual Insurance
Co. at. ....................... 81 so
shares Sun Mutual Insurance Co. at. 80 90
As shares Sun Mutual Insurance Co. at 80 80
10 shares Sun Mutual Insurance Co. at 81 90
$4,000 State Consols at.... ......... 81
sqgq State Censols at.............. 67sa