New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-23
9e0 OrIeans 4ailp Crestent.
THURSDAY MORNING, DECEMBER %, 1858.
Elem 0rLtans EfIpnfr If2IaarrAaet.


freely supplied. There il, without doubt a large
amount of money here seeking investment in com
nercial securities of long date, such as planters
drafts on factors at twelve to fifteen months which
are in good demandat q 81 and q cent There il
no doubt in this kind Of paper, and it can be con
sidered the very best Of security unless cotton should
might decline to nominal price, of which there is
not the least apparent prospect.
The transactions to-day comprise sI50O0O Of twelve
months factors paper at q s. and ~ Y cent
that is, 100000 by one party $4,000 by another,
and smaller sums by divers. The cent u cent gen
tlemen are actye-that is, those useful members Of
the body financial, denominated stock and paper
brokers. The offerings in bank to-day show an in
crease, in all amounting to 100000 that is, in
the regular line for discounts Of course there was
not more than g 10 U cent of the amount refused
0ne-third of the sum was discounted by one Of the
uptown free banks These increased offerings show
that business and trade improving and extending
The Exchange market was very steady to-day
that is, the drawing rate on New York over the
counter for checks was ~ cent. discount. Outside
the rates ruled from that to q cent discount One
party took 100000 at and all about-the transac-
tons in sight since yesterday reach half million Of
dollars. in time bills there were sales of about $780,
900 at Il a u for sixty days sight and some nego
tio+tors a. II +, c+o.l;,, H., 49,, -. r. ~
tfIIs ~ 1ooI h 1901 ~ fngs 80.
70-7 n 7osl Er9roz g. M noi5 e. 80
c,ia. - s,,,1. - :. % ~ -. L. - ~,
os t, r+ vi a. oo 49, ~
5.25.
The Stock market holds up well. The sales to-day
were 50 shares of Crescent City Bank at log 20 do.
of Southern Bank at JOG, and Il do. of Bank of
America at 1919. There was sale of City Bonds,
endorsed hr two railroads at s2l which denotes an
Advance
Tho Commissioners Of tho Consolidated Tol+ ~
New Orleans will rocaiya rrorogo1s nntiI +Ia 9otb
inst for the nrrcbasa of 1on bonds &c *1noo a,cI,
drawing % cent ner annnro interest and
in the wear 1899. Canitasts will do we'll IN tender
r,ronoeals as tbe secrtr Il a. o,ood az am, an tis
continent The eity il restricted Nv acts of the o(s
latnra from ooin., in don't mr. is,Ii,o 1o,,od
twelve millions oF dollars and tho totl a,not n,
the Indebtedness of the city, on the 21s If nacember
last was eight millions one hundred and twenty.one
t1,,,aal ILL, 1T,
U0u'iiu uoi''' ~ - pei'0Feu 'lle neAU letul III VI
| the commissioners Will show reduction from this
amount. Even if it does not, S. 900 900 is a very
+riaino sun, for carnor,+ior IF tI,o o,-+ o,d In,
~ ~ 0Io, - - ~ - Iii, a. -
Vi ~" OlleaHs' l-ooh ~ Ne" 1oIh Win us vas
debt, and over $8,OOO,OOO II annum OF expenses
Look at Philadelphia with a debt of II to Is mil
| IT..
,.1 - - g ~ ooo- ono : Y -. =,
think our debt OF SS'VOo'oVO Is comparatively small
| though there may be some branches OF trade over
| taxed
Tlo do,iso of the T,raeidan+ If +be Roard of r7rr
~ " nv ~ u N
rency the honorable George Eustis was announced
| in financial circles to-day. He was one of our mos
! rpsnectcd and honored citizens eminentv distin
;.1,5 i;.4 ~ Ill - l;,,1 LA - H., Ill
az Juiis.' a. "'i' a. ICING ',u ~ 'ilG
est esteem IN all the highest relatlohs oil lie lie wa
born near Boston, Mass and came to this city in the
wear 1878. Commencing the practice of his profes
a., 49, H., - 49, Ii,t ,,;t;,
Wv 10" az '''o s '->''
loloWed by ms pemg calleu 10 preside as an -Aaso
ciae and subsequently Chief Justice of the Supreme
Court in which he emipeptIy distinguished himself
~, his strict co7o or ins+iao o,l o1,,itr- ~, ~.
y "i2 9siiIV eou' " J0s't0e "Nu eq"iVl ~ wy
ehahge OF the constitution oil our stare ne returned
to the practice of his profession and subsequently
was appointed President of the Board Of Currency
in which Office he maintained the rnrigbtnass am
., ~, es., ''is
commence Vi 'Lie Coillelelai anu lliiaelal eoill
CHAMBER OF COMMERCE., |
New Orleans, PM ", 1886.
Present Messrs. Barrett, Byrne, Burke, Ben anC
j. L. Bogert.
JohE t is vs. bUtHANAS q HAGAN.
tion Of 81 cents 9 H. on tyentyiy aIas cotton soIf
him on the 9th February last i'll lot of 500 bales
or that the defendants be compelled to take back the
75J rorcol Pi's' uo'i' 1oi 'he
1t appears that the sale in question was made al
the round price of Isl cents from the samples Of the
Whole, exhibited 6y the vendors ana sad to contain
to+i son f0' W. 's' . w.
The plaintiffs broker. on going through the cot
tons could not make them correspond with the re