The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-02-10
Monetary.

Tribune.
Monetary.
Orr1CE NJ o. DEMOCRAT. /
Wednesday Evening, Feb. ., 1876.
NEW ORLEANS CLEARING HOUSE,
Cearings. Balances.
February b......... s2.Ol62a6 30 soas see W y.
February 7.......... anas'c o., ~ ~ 57a 'oi ~
February s......... a'1,e'". .a o az 1ao ,.aa ~
February e,......4.... zIot.'"'o' -
Thus far this week -. . ~, 479 $50 10 5tl4 w
Same time last week. G,s22,705 80 lo9a.3 w
mn, IN, ,,snaL haf',ra 1tbtp777 Gb p97 .2O3 0s
The money market continued dun,
with but little demand for discounts
either in bank or on the street: told
ruled nc previous rates, but foreign ana
domestic exchange were stronger and
exhibited d fair movement, the latter
closing fraction higher. Stocks were
motive. with an apparent Investment de-
mand for leading shares. City bonds
were quiet, but closed at a slight I'M
proyement The movement In State
consols was fair and the market irregu-
lar, closing with the views OF buyers
and sellers unusually wide apart.
We continue to quote exceptional pa
per at 4 u 9per cent per annuin discOun1
Al do. at . u 10, and second grade ID IL.
First class mortgages still rule ut a ~
per cent. per annum; second grade
continue entirely nominal.
Gold opened OF 112a 113, against lIZa
Mt New York, and after fair business,
closed at the opening rates in both mar
kets. The salos summed up $56, 900, en-
bracing $1,000 ut liza $4,000 at 1l23 q
112I, $4,000, $1,000, $1,000, and ~, 900 at
1871, and $1,000, $4,000 and $1,000 at $l13.
No sales Of silver were reported;
ct 1854 1854, while Mexican dollars con
tin,ted to rule at 81 gold for new and 80
gold for old.
Under the improvement in New York
sight, foreign exchange was stronger,
but without quotable Improvement. The
movement was OF fair extent. The sales
ofSterling comprised G81 900, embracing
G4OOO $4,000 and g5OOO bill oflading, and
G47, 900 do and Al clear at GAS a 545A. $500
and R600O bill oflading M 5454, and G12,-
600 do. at 545 SAG, and g12OO bank at
549h. fn4 .nsggHq
The sales of francs comprised 100000
commercial, embracing 100000 ut 4.61s
$4,000 and $4,000 ut =, 10000 ut 4.61l,
and 10000 at 4.GO2, and 10000 bank at
AT the close sterling bills were quoted
at 544t a 545h for bill of lading and Al
clear, and a 549k for bank (bank
counter rate "a 300 and francs ut d61 |
for commercial, and nominal for bank.
The offerings of New York sight were
OF fair extent, but meeting with q good
demand commercial was quoted q
fraction higher. The sales comprised
100000, embracing $4,000 commercial
and $4,000 private bankers" at 1-32 :
$4,000 ana $685. 900 commercial, $15, 900,
$4,000 $4,000 and $50 900 private bank
ers' aC4-16, and $40, 900 ditto at 4.
The banks checked on New York at 1
per cent premium, and commercial sight
was quoted at lie, against par q - yes
terday.
The following is the official statement
Of the sales reported to-day at the Stock
Exchange
40 shares Citizens, Bank Of. ....a....s 60 90
IL shares Mutual National Bank........ ~ 80
30 shares Merchants Mutual Insurance
4 shares Sun Insurance Company,.... 81 80
IA do. do. do. ...... ~ 90
Company ................. ............. I27 30
10000 State Consols NEUTRALITY-SUSPICIOUS.. 67h
5000 State Consols Observation-Disclosures. 67A
Al 900 State Consols ACKNOWLEDGEMENTS. 6sh
Making totaI Of s7e. 600 State ConsoIs
5000 CITY Premium Bonds ..........s,.. soas
1000 Cty Premium ,,,,,' Bonds .ie ~, ~, -
MUM bonds.
$4,000 Jackson Railroad First Mortgage
5000 City Scrip Az
The movement in stocks continued
fair, and was apparently for leading
shares for investment. No sales were
reported outside OF the Exchange.
City bonds, though inactive, were a
little stronger. being quoted at slight
advance. Premium issues closed at
800 a 31i, odd currency sevens at 800 a
ST, new do. at 3lk u 80, bearing
sevens administration series), and do.
(drainage) at 31a a 32i. The movement
In city issues has recently been appa-
rently confined to premiums, currency
sevens and gold-bearing sevens, trans
actions i'm other issues rarely occurring.
The sales not reported at the Exchange
included $4,000 premium issues at 30A,
$4,000 at 81, and $4,000 at 31s.
The movement In State bonds was of
fair extent, but the market was unus-
ually irregular, sales being reported at
the Stock Exchange at the wide range
Of 81 a 6Si, and the views Of buyers and
sellers at the close being still further
apart, one broker offering to sell $25, 600
ut 81, and another to buy 800, 900 at go,
but each refusing to negotiate except for
the amount specified. Under these cir
cumstances leading authorities were re-
luctant to give quotations. but some
leaned to 6S a 6SA. The only sale re-
ported outside Of the Exchange was
$4,000 at 6SA.
No sales of city scrip, Metropolitan
Police warrants or State warrants were
reported.
City scrip was quoted at Al a 42k for
August to December, 1873, and July to
December, 1874, time, and AS SO for
June and part of May, 1874.
metropolitan police warrants contin-
ued to rule at 80 a 80 for 1928 and 1894
issues, and are quoted entirely nominal
for 1869 and 1912.
State warrants are still quoted at AZ
40 for fundable, at "a - for not funda-
BILE, and 35 a 40 for 1874.
Commercial.