The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-06-09
FINANCIAL AND COMMERCIAL
OFFICE N. @. DEMOCRAT. |
Friday June >. 1s7s--2 y. m. J
Review.


Review.
The movement In the general market has
been confined mostly to @ light .jCbbing trade.
and has been without any marked feature to mo-
The offerings for discount were rather limited
ut the opening Of the week. but within . day or
extent. both In bank and On the street. but with
out Quotable variation In the rates OF commef-
cial paper. The offerings on the latter are most
~ four to six months notes. and are readily 40
cepted when exceptional or Al.
Mortgage paper continues uiI.
Gold has ruled at steady rates, notwithstand-
Ing slight fluctuations In the market at New
York. The movement has been light.
The demand for silver has dwindled down to
an insignificant business and quotations are ON,
then pay y per cent premium for small amounts
to meet an occasional demand.
In consequence OF the light movement In cot
ton little has been done In foreign exchange, and
the market throughout the week has exhibited
scarcely any variation.
A fair business has been done in stocks. but
the market has been without any. marked fea-
ture to notice except in arIollton railroad
ordinary efforts Of buyers and sellers to control
the market, have fluctuated widely.
City premium bonds have been less In request
and not quito as strong, while State cOnsols have
been in better demand. and fully y. per cent
higher. Old city consolidated are unchanged.
from 0Ipii vernpooi ut the OF Opening o. The week. ow,
ing to the holidays there. and unier the duh
feeling at New York, cotton has exhibited little
animation. but ruled at steady rates rates n2 70 YES !
decline Of 1-f6c in spots In New York. and not
Whilst ,nding q steady feeii"g at Liverpool. the
ding and good middling. The weeks move
ment has been rather limited summing up only
5000 bales, against II $500 thus far last week.
Tobacco has continued firm and In lair re-
Breadstufrs we're flrmer at the opening of the
week for -four and cornmeal, but have not main
foi ,oi tJ. I'm r,.yaup pnf and naU rlIlp MT pu Sipr
though not uuotabiy lower rates.
Grain and feed have been without any marked
feature &. t2 ! notice I sl and are n9 Y, II AZ ta ma supply ana
Under Western adyices provisions have, hue
tuated slightly. but close to-day evidently
stronger than last week.
FINANCIAL.
ON. quotations are corrected from The last sales
reported at The Stock, ioHon and Merchants Er-
CHANGES and from other authentic sources. Osr
financial. cotton aud commercial teleg,ams are The
latest received.
The demand for discount continues moderate.
both in bank and on the street. but without any
uuotable variation in the rates of commercial
paper. We now quote exceptional commercial
paper at 30 per cent per annuin A 1 do. 100
IL, and second grade 1908.
First-class mortgages continue to rule Mt 9@10
per cent per annum. while second grade are en-
BANK OLEARINGs-Day's clearings. ssi4.
292 a; balances. sl62.373 ~:
GOLD-Now rules AT 11t's@l13b against 1122s
at New YORK. Inc market exiiluliS ilttle acIlVty
sILvER-American half dollars are quoted
nominal Mt 1OOda10ol8 currency. while Mexican
dollars rule at 81 oiei oih cure cy-
OBSERVATION-DISCLOSURES light: demand mod
crate: market higher. Commercial quoted here
Counter rate $500. Commercial at New YORK
at ASS ga 4s6k gold, bank 4s7h@38iA.
FRANCS-DulL. Commercial quoted here %
46tf, bank nominal. Commercial at New York
b.20ss @5.1sA gold. bank 5.16fs @5.15.
Bank checking rate on New York y per cent
premium. Commercial sight a@9-32 premium.
TOCKS-Dul and without any new feature
to notice, except the remarkable flu ~tuations in
,iarrollton Railroad shares, und. T the efforts OF
BUYERS and sellers to control the market.
STATE CONSOLS-Stronger: quoted at
655 tn0e66.
STOCK EXCHANGE-Last sales: 80 shares
Carrollton Railroad slgT SO, IS do $40, 5 do. Sill.
rs Factors and Traders Insurance Company
$50 30. IS do. $40 rs. 5000 State Consols $50. s2j.0Oo
Premium Bonds 35D35a.
The sales of Stocks not reported ut the Ex-
change included Is shares Carrollton Railroad
at slo6 SO: and at auction by Coz. G. Il. Giraraey.
10 shares st. Charles Hotel ut S. rs. Q Home In
surance Company at sls 62h. 30 Union Insurance
Company at sJ5. 10 Union National Bank at SIS 80:
I State National Bank at 81 .25. 6 Mutual National
Bank at sS5 Is, 40 Telegraph Company. lot $50
. New Orleans Mutual Insurance Company at
$50. Also. at the same time. $1,000 in state tom
soils at So u, and $4,000 in w ter Works Bonds Mt
a5s. These sales we're for the account of the
estate of Mr.. l.. L. Generes.
COMMERCIAL.
mand fair. Liverpool spots steady. New York
spots steady. and futures weak.
THa COTTON Observation-Disclosures sales
on all grades. except middling and good mid
ding. quoting as follows. Low ordinary 7eac,