The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-11
FINANCIAL.
OFFICE NEW ORLEANS BULLETIN, 4,
Friday Evening, March 10, 1876. {

The week has passed with but few marked
| features to notice in financial circles. The Offer
ings have continued limited both in bank and on
the street, and the rates Of commercial paper
easy, with loans on good collaterals scarce and
easily placed below bank rates. A fair business
has been done in Gold and Foreign Exchange,
which have ductuated in agreement with the
course of the New York market. the closing rates
compared with last Friday showing slight i'm
provement in the former and . falling off frac-
ton in the latter. The movement il New York
sight has exhibited moderate degree Of anima-
ton ct . slight falling off in commercial.
Only limited business has been done in Stocks,
and they have been quoted generally weaker
even for favcrte shares. At the commencement
Of the week State C0nsOls opened strong and ad-
vancing, with City Bonds weak, SINCE which, I'M
der liberal offerings, they have both given way
In or report OF Wednesday evening, we men
toned that in addition to the mandamus cases at
the suit Of Mr. Van Norden and the Mississippi
and Mexican Gulf Ship Canal Company, which
were reported in the news columns OF the daily
papers we learn that other suits were contem-
plated by Judgment creditors on Railroad Bonds
and other creditors Of the city, for testing the
constitutionality Of the Premium Bond bill and
that the Maenhaut case was expected to come up
for argument on it's merits in . few days.
These were matters OF public interest," and
conld hardly be overlooked in faithful report of
financial affairs, but exception has been taken to
our statement by correspondent OF the HOUND
about column " in the Times, who appears to
imagine that it may have been written for the.
benefit of the "bears which is entirely without
foundation in fact.
We further learn that to-day it was deter
mined that before the argument upon the merits
proceedings will be taken in the Maenhaut case
with . view to amplifying the case. so as to
include the question Of the validity Of the Pre-
MUM Bond bill with respect to its effect upon
the claims of the plaintiffs.
The January interest upon part OF tne old Con-
sols.w paid yesterday at the City Hall.
Yesterday, the Sugar Shed Company declared
4 dividend Of ID cent, payable on and after the
16th inst. The New Orleans City Railroad Com
many has also declared dividend OF ~ per
thare on the paid.in capital, payable on and after
Anril 3. in which al new stock paid In full before
tha 18Th win participate. The New Orleans Gas
TIGHT Company has also declared final dividend
~ * per share to be paid on and after April TO
the holders of old stock We notice that the trans
80 HOOKS win be closed after March n, and after
arriI Z NO distinction will be made in transfers
hetwaen new and old shares.
We now quote exceptional commercial paper per
ne 10 cent per annlm discount, Al do ct VIC
IN sng second grade at 12@1S. FIRST class mort
cages at $685., and second grade entirely
v sioId opened 1t. 1141 a114a, against ll4I At
Nsv York. and after . liberal business closed
II I14s.Ni14Z, against 1I4ss IN that ma a9Sea
The sales summed up SOL 600, embracing sSooo'