New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-25
gw 0rans Duly Crescent fridav Mprniua februara 25 1859
Nt6 @rItans 9aiIp Grstent.
FRIDAY MORNING, FEBRUARY as, 1859.
Nth 0rlfans Hloutp Hlarkst.

Nth 0rltans Hloutp Nlarkst.
SSas,as s'1 ns:ai 49, F I: sS.ap
The local Money market moves along regular, and
is not operated influenced by the general adverse
intelligence from the other side of the Atlantic. The
mails by the America from Liverpool of the 29th ult
were received to-day. The private correspondence
does not lead to encouraging results, yet we do not
perceive but what all the cotton raised will be re-
qured; nevertheless, there are some rather unto
ward accounts received the purport Of which indicate
that bills to the amount OF 600 sterling would be
returned by the America We infer, however, in the
absence of names, that very small amount will fall
on New Orleans. 1t must not be overlooked that
most Of the purchases of cotton last fall for European
account were paid for through the realization Of ex
change on New York, reimbursements being made
there by drawing on Europe, yet there may be some
touching, though lightly, on our city.
By the America we have the final decision of the
great case against our fellow-citizen, Mr.. Joshua
Dixon and the Borough Bank of Liverpool. It will
be recollected that the verdict of the jury
to Mr.. Dixon, and on appeal the decision has been
confirmed by the Court of Queens Bench. We would
publish the remarks of the London Times in it's
money article if we had space The penalty is very
severe, and if carried out against Mr. Dixon will be
blasting and runsus in the extreme. The act or law
under which he becomes amenabe thus reads: /" If
any Director, manager or public officer of any body
corporate or public company, shall make circulate
or publish or concur in making circulating or pub
fishing any written statement or account which he
shall know to be false in any material particular
with intent to deceive or defraud any member or
shareholder or creditor of such body corporate or
public company, or with intent to induce any person
to become sharehold or partner Merfin ,pr to in
trust or advance an honey or .propertyto hbody
corporate or publH company, or to enter into any
ssassit beheas tferSof," he is b be amena-
BILE to the penal consequences set forth in the act.
But the plaintiffs in this case being induced astney
proved, to purchase shares in ybank on the recon-
mendation of Mn Dixon, they only proceeded against
him in civil action, which will relieve him of the
criminal act in such cases. similar clause exists
in the bank acts of Louisiana, where bank officers
knowingly made false or improper return. Several
hundreds of thousands of dollars are settled by this
decision in the case of the Borough Bank, and those
Directors who can pay or meet the judgment will
have to comply.
The purchases of cotton last week threw consdera-
BILE foreign exchange on the market, which was
evinced by the free offerings of sterling to-day par
ticularly clear bills in which there were trans
actions at 1888 @l0s9, and special snatufesat
1855 @l0s2 which were the ruling rates fary in the
day, but fell off as the day advanced, closing dull at
1881 and under large offerings AMI remittance rates
at 1889. Us with docuYents were taken at 1919
los and Log for favorite fgnatl4es, tl general run
of names ny hg at lo74@10s. We did hot learn of a
transaction Francs. andsomit quotations.
In Northern funds there was aaactive enquiry fol
sight runrhg on from yesterday Operations sales
reaching fully half million of dollars In short sight
Qen days) there were sales at dis. The offerings
ofsixty days were fully up to the desired demand,
with sales making at l5@l2 for. choice tsgQ6d, and
II to get dis. for good to fair. The ounter rate
for sight on New York ruled at dis, but towards
the close of business three banks advanced to g. Out
side rates were frp at J. and further advance is ex
pected. 1t may and it may not be acceded to, but
some of the bank ALLIANCES are getting very low, and
fhany managers say they cannot make anything.
The Southern Bank, we learn is prepared to furnish
checks in addition to NeY York. Boston, Philadel-
pha, Baltimore, St. Lod s. Louisville I'D Cincinnati
The Merchants Bank Avs checks on San Francisco
so travellers to the aur regions need not cucumber
themselves with coin for ready expenses.
The Stock market is quiet There were three sales
of CrescentsCity Bank, in all It's shares, on PIT,
and LOO shares were in course of treaty at 1922 We
learn that the proposals to increase the CAPITAL
stock of this Bank have been Withdrawn; therefore
the avenue for obtaining the stock at par is for the
present closed.
The second sale of the property of the McDonogh
estate, belonging to the city of New Orleans, was
held yesterday at the St. Louis Exchange. The i'm
proved sold remarkably well, the vacant property
brought enormous prices in the aggregate. The pro-
perty occupied by the Citizens Bank on the corner
of Customhouse and Royal streets, measuring go feet
on Royal and 80 feet on Customhouse, brought s64-
900. The property on the rear, fronting 60 feet on
Exchange Alley, and SO feet on Customhouse street.
three-story brick building, brought SIG, 400. To
show distant readers the steady increase in real es-
tate in our city, we have to state that this property
1.-TWO lots and buidings) was purchased by Mr.. Nc
Donogh from the old Union Bank in the year ls49-
10 years ago-for s45 0O0 payable $40 900 cash. the
balance in to years. 1t has been rented for seye
raj years at $4,000 % annum 1t was this bank edi-
flee that the old man intended should be the perma-
nent office of the managers of his General Estate"
which was to have been. The building known as the
Theater d'Oreans," on Orleans street, was sold q
short time since by the agents of the City of Balti
more for $4,000. The sale of this property also
confirms the sure and steady increase of improved
property not only in the old square of the city, but
in all sections particularly where it is well situated
This property was purchased by McDonogh for $50
600, has paid good interest and now commands Is
f3ct advance. The property belonging to the city,
situated in the Third District is yet to be offered.
The proceeds Of the entire estate will fall much short
of the estimates made in the year following the de-
cease of the testator with the enormous fees and
charges already paid there almost as many more
to follow The sales yesterday amounted to $3.50 OOO
which, with the first sale, say 1895 900, makes s4s4
600.
From the report of Messrs. Drake, Kleinworth 4
Cohen:
LIVERPOOL, Jan. %, 1859.
The stock has increased under these large mp0rts
and now, compared with last year. stands as follows
Jan. 49, 1859. Jan % 1888
American. .365.4sl bales. l96OS9 bnes
hraz'l. ACKNOWLEDGEMENTS. 1850 bales. 1850 bales
West India. , $50 bales 4sSo Bales GALES
Total .432, go bales. 800 1870 b,les
The quantity known to be now at sea from Amer
lean ports to Great Britain has become reduced by
this weeks large arrivals and stands 10000 bales
against 60 900 bales at this time last YEAR
Brazil cottons have been in moderate demand and
are scarcely changed in value To Egyptians and
Surats the same remark is applicable.
American cottons close 1-l6d. q Id. lower than
last week and are uuotahle as hnraundnr Rp+ Az,