The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-09
FINANCIAL.
OFFICE NEW ORLEANS BULLET IN, ii
Wednesday Evening. March 8. 1876.
sew ORLEANS CLEARINGHOUSE.

The market continued dull, with the offerings
| light both in bank and on the street, and COM
and occasionally lower. Under the course Of the
New York market, Gold slightly improved. For
| eign Exchange also advanced slightly and sold
| to fair extent. A good business was done in
| New York sight At previous rates Securities
generally continued to show but little animation.
stocks were weak and City Bonds materially
! lower, receding under liberal offerings, and the
probability of q larger supply upon this market
| from increased funding, besides the writ Of man
damus applied for by Mr.. Van Norden and by the
Mississippi and Mexican Gulf Ship Canal Com
pany agaist the city in relation to the collection
OF drainage taxes.
We learn that other suits are contemplated by
| Judgment creditors on Railroad Bonds, and other
creditors of the city for testing the constitution
atty Of the Premium Bond bill.
The Maenhaut case is also expected to come
up for argument on it's merits within q few days.
We notice q considerable inquiry within the
past few days for First Mortgage jackson Rail
road Bonds, of which q fair movement was re-
ported to-day.
State Consols were firm, but exhibited little
animation.
We continue to quote exceptional commercial
paper -@8 " cent per annum discount, Al do at
SOLO, and second grade nominal. First class
mortgage paper 9@lO % cent per annum,
second grade entirely nominal: ~
New York, and after fair business closed
at l145s@ll45s, against 1I45s in that market.
The sales summed up $73, 900, embracing $4,000
at 1l45S, $4,000 and 5000 at 1l45s@l114344,
$4,000, Sill, 900 and $4,000 az 11434.
No sales Of Silver were reported. American
half dollars we're still quoted at 1051a@106I9,
and Mexican dollars at 80 gold.
Under the improvement in gold at New York,
sterling was quoted nearly 1c higher equal to an
advance of about 2-l0 f9 cent) and francs Il y
cent. The movement was of fair extent. The
sales of sterling comprised f71,000, embracing
$1,000 bill Of lading and fl0Co, $4,000 and f25OO
SO, $4,000 do. and bill Of lading at 1920
5.53L, $1,000 bill OF lading at s 531a q $4,000 and
fl5,O do and f1600 and $4,000 Al clear at -,
and $4,000 bank at 5.56A.
The sales of francs comprised $780, CONNER
cial, embracing 10000 4.57, 900 and 100, 900
at 1861. $50, 900 at 456@4555s, $4,000 at 4.555s,
and $4,000 at Ass.
At the close sterling bills were quoted at
5.521a05 53% for bill of lading and AL clear, and
-@5.57 for bank (bank counter rate -@5 $40
and francs at -tD4.55 for commercial and NOM
inal for bank.
The off rings of New York sight were Of fair
extent, and the market was unchanged. The
sales comprised $4,000, embracing $4,000 COM
mercial and $780, GOO and $4,000 private bank
ers' at 1-16 a3 cent discount, Sc, 900 commercial
and $50 600 and $50, 600 private bankers at 49,
and $1,000 and $4,000 private bankers and
SAC, 900 do and bank at par.
The banks continue to check on New York lat
still quoted at 1-16 u cent discount to par.
The following is the official statement OF the
sales reported to-day at the New Orleans Stock
Exchange:
rs shares Sugar Shed Company. ....... SO 90
On do Crescent Insurance COMPANY. ~ 90