New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-17
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CRESCENT osFicE, No. 70 CAMP srREl
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Crescent OFricE, No. 70 CAMP STREET, 4
Saturday Evening, Dec. Is, 1855. !
Considering that the past two days have upavo-
rabe Tor outdoor transactions the weeks business
closes remarkably large The sales Of cotton sugar mo
lasses and products from the West will approximate three
millions and three quarters dollars of coffee salt and
foreign metchandse good amount has also passed and
the general business of the week fully equal to that
previous Marked improvement has taken place in the
city trade all retailers have partakep in the activity
and hVeliness which prevails With wholesale dealers
corresponding improvement has observable Our
and thoroughares well thronged with the
VISITORS and thousands have also presented them
selves in the emporium the Southwest for the first
time and if the Jackson Railroad was comnIeed tn the
capitol OF Mississippi should have the pleasure Of
daily intercourse with oneha Of the citizens Of that
increasing and populous State
mat considerable Increase in general trade has taken
place during the week manifest from the increased calls
on cur moneyed institutions loans The discounts at
me Banks reach Two millions and quarter of dollars
whcn Is an advance on last week of 100000 Exchange
have also been very heavy Out of doors there
mas not been so much paper placed week though
all Of good and medium standing has found purchasers at
much lower rates than paper of similar standing in
Northern cities We discern nothing to change the
listing good feeling in our midst at least for the
For the coming two weeks there will be more demand for
money for the reason that the fourth of il close
at hand and all having paper maturing on that dsv
formerly called eventfu day. will be preparing After
that oay we cannot reasonably expect any advance In
interest present rates particularly for and vood
names and We surmise that houses who desire to
establish credit and standing will be very cautious in
assuming responsibilities crops to grow though the
sugar interest in sections Of the State will from the
very unfavorable yield this season. undoubtedly be COM
peled 10 ask lot Relief and description paper ap
pear on the market 1t is hoped lenders Of money
will act with iberaty and generosity and not atte,pt To
create panic.
There were but little done in paper to- day. the
IN the hands OF brokers has down low figure and
no change in rates.
There sales of l43 shares Canal Bank Stock TODAY
at l5 and 90 shares Gas Light Company yesterday at
u.s. dividend on There by auction to-day of
1856 shares opeousas Railroad Stock it was taken in mar
cells Of twenty shares at 05 to Is The business on the
road continues to increase daily The transportation of
sugar and molasses exceeds the anticpations of the
friends of the road The good steamboat Frank Keeling
has been placed the Teche making semi-weeky trps
to st. MartinsYille.
the Exchange Market, though not so active as on two
or three days OF the week maintained pretty stiff an
pearance The bank rate for checks New York was 4
per Ct dis; good drawers outside sold at Il to street
drafts ranged from Il to u dis Some of the banks were
not disposed to buy to-day unless at concession from
rates of yesterday Time bills of bankers, make were
taken $50 days. at Ia to E other grades ranged from
IL to 1s and p at which the banks were taking in
restrictive amounts for bills not having the prestige of
fame both on Boston and New York to az and lara
the figures In Sterling there more doing than YES
terday. Some clear bills placed at 1OS and for
direct remittance 1855 The general range was from ~
to s4 There transactions bills of Iading at lo
which is the highest rate for many weeks We quote
from 1918 to 10T Il and 107 Francs were without in
qury and we heard of only few sales at at 5271z
The range is from 5s114 to 5.27 Il and 522}k
The Hartford Fire Insurance Company of Hartford
Conn., has declared dividend sixteen per ct out of
the earnings for the last six months This is making
rather better chow than the Protection Insurance Com
pany of same place. which failed last year and took in
good number of our citizens
An interesting decision to brokers has recently been
made in the Supreme Court at Baltimore:
Judge Lee, in the of Rieman Vs. Fisher has de-
eided that bill broker who does not disclose his prnci
pal for the genuneness of the note sold by
nn In TINS case, note placed in the hands Of
Fisher for the purpose of having it discounted The note
purported to be drawn by Edward Dunn endorsed v
hredler ard shirk The Of Dunn and Shrk turned
out to be orgeres, and Kredsr absconded Remap and
Fisher were ignorant of theforgery the time of the sale
OF the note The Court decided that Fisher not having
Disclosed the name of his principal the time of effect
the sale OF the note responsible for its ganlineness
rs principal.