New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-30
Nsh Otleans Gully Grestert.
THE COMMERCIAL DEPARTMENT.
Ntm ORLEANS AIontu Nlarktt.
CRESCENT OyrrcE. No. 10 Camp street, I
Wednesday Evening, July 20. 1857.

wednesday Evening, July 20, 1857. ! |
There very said money market of to-day
The favorable which have had occasion to notice for
past days still continues and hope to have
The offerings in Bank
cedg and approximate closely to the income of
each than ut any time for the last three months.
On the there very little doing to-day Very small
amounts Of in the hands of note brokers' and we think
there will than during ninety days.
There negotiations to-day Of maturing in January
the Of 10 cent for high grade the market
of and double AL and very other grades be
had at last weeks rates.
stocks heard of the Of 80 Bank of New
Orleans 49, which advance last sales Some sales
City Consolidated Bonds have been 50 and interest
which a low figure.
The receiving proposals for the Bonds
State authorities expires Saturday. the l August Those
DESTROYS Of making tenders will do have them the
Auditors Office Baton Rouge, by day meridian We
notice further sale of Louisiana New York at
further improvement
Exchange firm to-day. The Banks sold checks
York x premium which also the outside for
bankers and other AL drafts Sixty days sight IA
discount but the general rates from ~ discount for
choice and good to ~ discount for good to fair Good to
prime sight ruled at 5zG1 Sterling brought ~ for several
round sumshat is for the of the Bank drafts
held at 10 premium Extreme ranges for private bills
from 91sg9 Nothing doing in bills Of lading drafts more
than closing for the Francs pretty firm AL
drawers hold and sell 53a on Paris direct The
5s4@512h. There very few shipments of
going forward Europe other place for the
| amount to be drawn for.
very important question decided the Supreme Court
during the last sesanha is important all those who fur
nh plantation supplies direct well factors and others
who times have claims considered coming under the term
privilege claims. The decision before in the OF Nc
Cutchon Howell Co. J. B. Wilkinson and ~ u Payne
ntervenor It the plaintiffs McCutchon Howell Co..
furnished the defendant supplies plantation from Septen
Der 1854 to January 5 1855 On the eth January 1856 the
plaintiffs sequeered nine hogshead of then the plan
| Dart WI
have privilege Moses T. Payne interviewed. claiming the
having bought the plantation in Jnly 1855 judicial
sale 1t has always been considered that merchants and factors
have privilege on the products of plantation when they have
furnished of raising the same decision in this
against the plaintiffs and the hogheads of
sequesered pay their claim $751; ordered to be
restored the ntervenor and their claim suppose
lost According this decision rather hazardous bust
furnish plan supplies payable the proceeds
for must be understood that merchants for the
venience of planters generally sell them supplies twelve
credit These commonly take place the
winter the merchant expecting be paid OF the proceeds Of
succeeding crop Under decision planter
purchase pows in the winter prepare his land previous
the planting of his CROP he will have pay cash get
city in order to the merchant who will
privilege the coming The merchant will have do
this sefdetence confidence lie may
have in the planter otherwise other debts take precedence
the plantation be sold third party when the merchants
claim will be totally lost.
of this is therefore, this that supplies
furnished from the beginning
February the unprotected risk of the merchant
| there will be privilege on the next crop.
1t will be understood that the sugar furnishing
of these supplies in the sugar house. the plantation,
the time of sequestratou.
The decision OF the court however, unanimous
Associate Justices spoord and VOORHEES, dissenting
lowing opinion
think the Article 1884 Of the Civil Code amended by The
Act Of March. 1873 . Az the furner Of
supplies farm plantation, privilege upon
tive where the las in this extends
| portion Of two years.
The account conceded to be for plantation supplies "
from September ls 1854. January 25th 1855 Tht
seized of the crop of 1855 this crop grew mainly
WHICH in the ground the 18th January 1855
1t is conceded and properly settled by authority, that if Their
privilege the growing favor of the plaintiffs
the dale of the sale from Wilkinson Payne
then the sale did the privilege. The sole question
therefore is there in July 1855 privilege Wilkinson
then growing crop, for the account sued upon.
7 think the intention Iawgiver that plain
f furnishers of plantation supplies Wilkinson
latter Of 1854 and the early should
privilege for the whole both upon the crop of
the Of 1855 and that the judgment should be affirmed