New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-05
4sh 0rltaus 9aiIu Grestsnt.
TUESDAY MORNING. APRIL 5, 1863.
Ntm 0rlfaus Monsg Markst.

D
Monday Evsnise. April T. iase.
The week opens with the very best Of weather.
The streets have been crowded to-day but there have
not been any large transactions, either in paper.
stocks, bonds cotton sugar, consequently the pre-
lude to the weeks operations incnes in favor Of the
Bear side which is making the most Of the war pros
poets.
The discount brokers to-day had nothing to offer
their patrons except the leavings Of last week The
paucity OF what has heretofore ranked as irstcass
paper enhances the standard of medium grades, and
names which one year ago ranked as second and
good, are now considered as frstclass and good.
me calls on the banks were moderate. In stocks we
neard OF only one SALE say Is shares Louisiana State
bank at l7e3 There have been several transactions
In hrst mortgage Bonds Of the Jackson Railroad u
ct within the range Of IS and interest There is some
inquiry for bonds of the city, endorsed by railroads
that is, those issued to the jackson and Opelousas
Railroads State Bonds are not freely offered, though
oners OF 9S0l00 would bring some On the market.
There is some little doing in scrip. We note the sale
OF $4,000 Of Home Insurance Company Of 1857 at
20. The amount Of the losses from the burning of
the Planters Cotton Press has not yet been ascer
tanned
The Exchange market opened to-day with some
little degree Of torpidity. At decline from satur
days rates the transactions would have been large
particularly in Sterling. The market would be clear
ed in few hours at 1851, lOs3@109 for good bills
100 are the highest figures offered by large dealers.
At the same time the rates for remittance and come
dealers rates range up to 1891, 1094@I0s3 The lat
ter for remittance but large operators do not seem
inclined to go above l09 for anything. In document
bills there were only limited transactions and those
at l0sDl085. Many buyers of cotton are figuring
away on the receipts and did not seem inclined to
look at samples to-day waiting for the next accounts
But whatever the complexion Of those accounts NAV
be, they will not influence the general bill market.
Northern or Network funds are steady to-day. The
counter rate for checks on New York was j prem
Outside double AL bankers sold at 1-le@t, and good
commercial sight at par The market ruling in favor
Of buyers, without any actual decline being estab-
lished. Dealers did not get to work in earnest We
have no change to note in time bills We quote sxty
days choice to good 1@li get dis good to fair Ii
II, 12@l3 dis. There was some little doing in franco
at 64@5.15-extreme rates being 5,l73m5.1A nm
Paris direct
Considerable feeling is evinced regarding the
course pursued by the Citizens Bank in crossing or
drawing black lines on the false or counterfeit ten
dollar notes. A question arises whether the bank
has the right to mutiate OR deface the property Of
another when the holder has given value for it. The
present question is rather an intricate one because
some holders Of the notes assert they received the
notes from the bank. The officers of the bank think
they are in the right far as their own notes are
considered. question of this nature was brought
before our courts two score years ago. and decided
against the bank.
The general good of the community requires that
all banks should adopt some course to check the cir
cuation of counterfeit notes. and no more feasible
course presents itself than to cross notes whenever
offered. But whether bank has any right whatever
to muiate coin for instance, to cut double eagle
is another question To relieve in future, all doubt
about the character of money the community re-
ceiyes, we recommend every individual to keep a
bank account Our banks, several of them, receive
deposits for as small sums as fifty and one hundred
dollars, and our Savings Banks as small as five dol.
lars depostor will then be relieved of all anxiety
regarding the character of the money he receives and
pays out and no fears need be entertained Of the SOL
vency and soundness of city banks. But, we think,
depositor's claim against any bank would be worth
more than counterfeit money.
There are large sums of bogus or counterfeit and
light gold pieces in circulation, and those who are
in the habit of handling much money will do well to
examine and scrunize closely every piece they re-
ceive They are as well executed as the tens on the
Citizens Bank