New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-11

Total. ,slS,sA ~
Increase. Decrease e:
Specie. ................. P'"'oSO
G fnana y....... ......... . 49,. 4loooo
Denosits. go. $1,000
The above statement shows consider.
able decrease in loans, which may be ac-
counted for by the payments Of the third
| and fourth Some Of the banks reported q
| fair discount demand to-day, but the move
ment vss generally moderate, and on the
| street there was little inquiry. Cash gold
| was reported scarce and in demand. A fair
movement was reported in foreign ex-
| change, and New York sight was in good
supply with no change in rates We notice
| more inquiry tor stocks and apparently
| more disposition to invest.
| We learn that the State Supreme Court
today held that the writ OF sequestratio APP
| piled for 81 ort 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 10 the
credit OF the defendant. The plaintiffs
! filed al application for rehearing, inviting
| the attention of the cOnrt to the following
| clause of the act of 1872:
SEC. II. Such funds shall not be sub
! .ject to the draft OF any city Official, but
| shall be vested right OF the bCndnolders.'
The case is expected to come up Oh it's
! merits tomorrow before the Superior Dis
| trict Court.
The Workirgmen's Banl, to-day elected
| the following board OF directors to serve
the ensuing year: Victor Maignan, J. b.
| Camore, ID. Pochelu, A. Walz. N. b.
| Muncy. J. G. Spohr, Theoph. Commagere,
j. +. Merilh, j. b. Mondiegt.
We continue to quote exceptional PAPER
| at -09 y cent y annum discount; AL do
| at To- IL, and second grade at Is Is. First
| class mortgages still rule at 9Ol0 T. cent y
annum; second grade continue entirely
| nominal.
NEW ORLEANS CLEARING HOUSE.
January s............. Legal holiday.
same time last week.. 22sS a6o s. 2sd;?s -
Total week before. ... lO472y7a IA l,l67 900 %
Gold opened at 1928 a ll3ls, against Il
at New York, and after liberal business
closed st ll30ll3A (Ac higher than on
Saturday,. against lib in that market.
Cash gold is rather scarce. The sales
| summed up $50, 600, embracing $4,000 at
Il2a4; $4,000 at lies; $4,000 at 113;
| 0ll3A, and $4,000, $1,000, $4,000 and $1,000
! at 1874.
| No sales Of silver were reported. Amerl-
can half dollars we're still quoted at LOG q
| lO61a, and Mexican dollars at 1914 o., gold
The movement in foreign exchange was
| of fair extent, and the market was withou;
quotab.e variation. The sales Of sterling
comprised $4,000. embracing f24, 0O0 bill
of lading and AL clear at S. Alas 40
bill of ladng and 1900 AL clear at S. 42
$4,000 bill of lading at s. Al Y as 42ls;
| c2JO0 Al clear at -; tl500 bank at 50 4012
| and $4,000 do sight at IS 40.
The sales of francs comprised to 500 ,00C
commercial, embracing $4,000 at 463a4 q
4621s; 10000 at 463 y, and $50. 900 at 4. 62l9
| At the close sterling bills were quoted at
S as - for bill CT lading and AL clear,
and at -05 As for bank (bank counter
rate at a 45k), and francs at 4. 63aa o.
| for commercial, and nominal for bank.
The offerings of New York sight we're Of
| liberal extent, and met q good demand al
| previous rates. The sales comprised
! $i2s, coo, embracing $4,000 commercial at
Il y cent discount: $40 900 do at " oils;
$50 600 do. $4,000. $4,000, 100000, $50, 900,
| 100000, $4,000 aud $4,000 bank at
ZIG; $4,000 private bankers at 1882, and
| $50 900 do at IS. We ALEC noticed sales ct
| SIS, 900 commercial on Providence at GIG
| y cent discount, and 5000 il gold checks
on New York at u.
| The banks continued to check on New
! York at "a Y cent discount, and CONNER
| cial sight was still quoted at ZIG.
| The sales OF stocks included 81 shares
New Orleans Insurance Company at S32 %;
| Is shares Hibernia National Bank at $57 SO;
3 shares Carrollton Railroad Company.
| with dividend, at SIS; 20 shares Sun lnsur-
ance Company at SIS, and 36 shares Cres-
cent Insurance Company at xo9 p. Also.
| at the Stock Exchange, 5 shares Crescent
Insurance Company at S6S 50. and within
| few days, not before reported. 20 shares
| New Orleans Insurance Association at 81.
City bonds continued quiet and un-
| changed. Tho only sale reported was S5O0O
old city cure ncy sever per cents at.
| New State consols were still quoted at
| -05Sh The sales included $40 900 at
| ssh $1,000 and $40, 600 at ssh; $40 900 at
5Sa;, and four 500 at 60. Also. at the Stock
Exchange. 5000 at ssh.
No safes OF city scrip were report I'd. Ii
| ia now quoted at 4i14 @45ls for August to
December, 1873, tune, and July to Decem.
Der, 1874, and 40 a 81 fer June and part OF
| Nav.
Nothing traospred in Metropolitan Police
warrants. TEey Low rule at SS99O Tor
1894 issues. and 70072 for 1928, while
| 1912 and 1859 continue entirely nominal.
No sales Of State warrants We're reported.
Old State fundable are now quoted at 40
| q, not fnndatle at O, and 1874 issues
| at 50 o 42La.