The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-11

hankera .e ss".'.e...... 5s.s52 4!
Domestic and foreign exchange 2.55e.22o 81
Due from distant banks and bank =. y, :,
Tcnra md diarounfs ..... TO- 2G5. 2D6 ~
Gfher cash nfsets ............... 53t1.3i6 80
s2l.7G1.4ss oG
LIABILITIES.
afysrculation a.s.ss 1sio.oos 81
Hanoatia ACKNOWLEDGEMENTS. 13.402 382 05
BIZ distant banks and bankers. i.so2ssI q
Other cash linbilities ............ T0A.6IG w
Local bank checks returned next
morning)... encouragement. ............
1874 AZ
Increase. Decrease.
Rpecie. ...... $4,000
currency. z'D'vW -, ~ 10.
Denosjts Observation-Disclosures. ........ $4,000
The above statement shows a con-
siderable decrease In loans, which may
be accounted for by the payments OF
the the Sd and 4th. Some OF the banks
reported fair discount demand to-day,
but the movement was generally mod
crate, and on the street there was little
inquiry. Cash gold was reported scarce
and In demand. A fair movement was
reported In foreign exchange, and New
York sight was In good supply, with no
change In rates. We notice more in-
curry for stock and apparently more
disposition to invest.
We learn that the State Supreme
Court to-day, held that the writ OF
demonstration applied for short time
since by the Southern Bank, would not
lie, on the ground that the Southern
Bank and other coupon holders have no
vested title In the funds deposited In the
Louisiana National Bank to the credit
Of the debt. The plaintiffs filed an
application for rehearing, inviting the
attention OF the court to the following
clause of the act OF 1872, section II:
s'EuCh funds shall not be subject to the
draft Of any city official, but shall be o
vested right OF the bondholders. The
case is expected to come up on its merits
Tomorrow before the Superior District
Court. !.
The Workingmen's Bank to-day
elected the following Board of Directors
to serve the ensuing year: Victor
Maignon, j. B. Camors, d. Pochelu, A.
Wall, M. b. Muncy, J. q. Spor, Theoph.
Commagerc, J. Il. Merilh, J. b.
Mondiegt.
We continue to quote exceptional pc
per ut "a 8 per cent per annum dis
count; Al do. at 10 a IL, and second
grade Is a Is. First class mortgages
still rule at > a 10 per cent per annum !;
second grade are entirely nominal.
Gold opened at. 1929 o 1l3s, against
1lS& ut New York, and after liberal
higher than on Saturday. against 113
IN that market. Cash gold is rather
scarce. The sales summed up $4,000,
embracing $4,000 at 1924, $4,000 at 1928,
90. coo at 113, 5000 at 113a, 1000 .and
325, 900 ct l13A 1871, and $4,000, $1,000
and 5000 at 1871.
No sales OF silver were reported.
American half dollars are still quoted
ut 106 q 1854, and Mexican dollars 93l
n gold.
The movement In foreign exchange
was Of fair extent, and the market was
without quotable variation. The sales
ing H24, 900 bill of lading and Al clear
$40, E12,5OO bill of iading and g15OO Al
clear at 542, G19,OO0 bill OF lading at
S4l1(D542i, E250O Al clear at =, Gl5O0
bank ut sash, and $4,000 do. sight at $40.
The sales of francs comprised
SOC, 900 commercial, embracing $4,000 at
at 4.631@4.62A, 100000 at 4.63s and $780,
600 ct l.62A.
At the close sterling bills were quoted
at 6ll(G5t2 for bill OF lading and Al clear,
and at -(G545 for bank (bank counter
rate ut a 545N. and francs at 4.63sM-
for commercial, and nominal for bank.
The offerings Of New York sight were
OF liberal extent, and met a good de-
mand at previous rates. The sales com
snercial at I Y cent discount, $4,000 do
1t ta7-16, $4,000 do, $4,000, SIG, 200,
~, 900. CSC. 900, 800, 1000, and $3.50, 900 and
$4,000 bank at ZIG, $4,000 private
bAnkers' at 1892, and $4,000 do at /.
We also noticed sales of 900 COM
mercial on Providence at 9-16 Y cent
and 5000 in gold checks on
New York at /.
The banks continued to check on New
York at per cent discount, and COM
mercial sight was still quoted at ZIG.
The sales OF stocks included 81 shares
New Orleans Insurance Company at
432 Is, Is Hibernia National Bank at
o67 80, 8 Carrollton Railroad Company,
With dividend, at $75, 20 Sun Insurance
ut $7S, and SO Crescent Insur-
Ance Company at $50 IS; also, at the |
Stock Exchange. Crescent Insurance
days, not before reported, 30 shares New |
Orleans Insurance Association at $22.
City bonds continued quiet and un-
changed. The only sale reported was
p50W old city currency seven per cents
New State consols were still quoted at
@5eA. The sales included $4,000 ut
Isl, 5000 and $4,000 at 58l, $4,000 at
S84, and four 500 ut 60; also, at the
Stock Excange, 5000 at 5sA.
No sales city scrip were reported. 1t
9 now quoted at AL a 45A for August
70 December, 1873 time, and July to De-
sember 1874 and 40 81 for June and
part OF May.
Nothing transpired in Metropolitan
warrants. They now rule ut SO a 80 for
67S4 bonds. and 20 a "a for 1923, while
671-2 and 1862 continue entirely nomi-
lal.
No sales of State warrants were re-
)Orted. Old State fundable are now
quoted ct AZ . -, not fundable at =
ind 1874 issues at 80 a 42A.
Commercial.
MONDAY EVENING, Jan. 10, 1875.
L. \ I