The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-12
FINANCIAL.
OFFICE NEW ORLEANS BULL EJ1N,
Tuesday Evening, Jan. II, 1876.
KEW ORLEANS uI.hAhINa-Hnuhh

A fair demand for discounts was reported by
most Of the banks. On the street the inquiry
was moderate and the market easier. We notice
that the clearings reported to-day from the
Clearing House we're the largest of the seasop
and probably the largest since tie organization
Of the Clearing House Association. There was
a fait movement in Gold and Foreign Exchange,
the latter at materially lower rates. New York
sight was in somewhat less demand than yeSter-
day, at unchanged rates. 81 curities were gener-
ally quiet, state and City Bonds being quoted at
previous figures.
Annual elections for Directors wers held to-day
at the several banks hereafter named, resulting
in the choice of the following tick Its:
Louisiana National-J. F. d. Lanier, Richard
Pritchard, Thos. L. Airey. Theo. Hellman, VIM.
B. Schmidt, VIM. H. Matthews and Joseph H
Oglesby.
Hibernia Natonal-P. Irwin Emile Gauche
VIM. Hart, John Henderson, p. Poursine, Thos
smith and Ed. A. Yorke.
Germania National-Louis Schneider, Jules
Ca -sard, Henry Abraham, j. W Buhrmann, l..
B. Cain, T. Prudhomme, H. r. Gosreve, John
F. Kraiz, and J. X. small.
Mutual National-John I. Hardie, P. Maspero,
p Fourchy, A W. Bosworth, g. L. Chase, L. s.
Keep, Lloyd 4. Coleman. J. c. Van Wlckle, and
New Orleans National-A Baldwn, ]. K Bell,
J. T. Buraeau J. T. Garyey, A. Chapsky, Chas.
Pleasants, Chas. Chaffe, George Martin, Samuel
Delgado, d. G. McCaD, {. Katz and John II.
Hanna.
The New Orleans Gas Light Company elected
the following Board Of Directors: James Jack
son, Charles Mscrt ady, B. Biscoe, j. W. Bur
bridge, H. Y. Attrel, ID. F. Kenner and s. II
kenn dy.
In the estimate of city expenditures for the
present year, passed by the City Council to-
day, We notice that, the item OF 1885, GOO for in
teIest, is increased to $l.G00,00U. This is for in
terest Oh city bonds in addition to the app opria
ton for interest ard redemption under the Pre-
MUM Bonded Plan. As 1t is Impossible to forsee
what amount OF outstanding bonds may be
funded during the year, thus relieving the city OF
annual interest payments IN proportion to the
amount funded, it can not be estimated with
certainty what amount will be required for in
terest on the bonds which may remain outstand-
ing.
The interest upon the amount already funded
would, it Is calculated, amount to some S300,OJO,
and is already provided for under the Premium
Bonded Plan; and we learn that it is expo cted at
the City Hall that the process of funding will
progress so favorabjy during the year to rem
der the above sum Of 81 900 900 more than suffi-
clent to cover the intel est payments required.
The addition Of this ana other items to the
estimate of expenditures without iucre eing the
proposed rate Of taxatot-1L per CENTS ac-
counted for by the fact that estim ate Of re-
ceipts has been amended bv adding $500 1000
from : outstanding taxes and interest estimated
collectible."
The first distribution to holders Of drawn
Premium Bonds is noticed by the Administrator
of finance to be made on the 18th inst
We continue to quote excepuonaI paper at -
09 u cent per annum discount, Al do at l0G11,
and second grade at 159ls. First-class mort
cages still rule at 9@lt u cent per annum;
second grade continue entirely nominal
Gold opened at 1130ll514. against ll3 at New
York, and after fair business closed at 112s4 %
113. against 1l27s in that market The es
summed VI $4,000, embracing $1,000 At 1929,
$1,000 at 1lz7s, 500 900 at 1t27ll3, 5000 at il3,
and SO 600 aud Sl7, 900 at 1885.
No sales Of silver we're reported American
half dollars were still quoted at 106@lO61s and
Mexican dollarsat 93l1aG-, god.
Under the decline IA gold and bills at New
York sterling was quote "a; lower Sequal TO
ment was OF fair extent. Inc sales Of The former
comprised f61 200, embracing $4,000 bill Of lading
and $1,000 Al clear s 540, $4,000 bill Of lading at
$1,000. 4l. ECO, bill If lsdina at 1905 Al,
f5O0U DO aud f25OO Al clear at IL. ELL 900 bl OF
ading at 5.4O1 95.4l11a f4500 Al Clear at 4l@
5.411aa, $500 do at 5.42 and fl2OO bank at 5.45H.