New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-17
Sqw Orleans Daily Gresttnt,
8qw Orleans ytlonep ytIarket.
OREsCpNT OFFICE, No. "a CAMP srRERr,
MelneslhY EYenine Nav Ih l8ff


The movement in financial circles to-day has
disclosed but little variation of any kind. Offer
ings were ample throughout, and the demand dis
closed some improvement, as compared with pre-
Yious reports Subioined are the whole of the
Ratual sales for the day, viz $4,000 at 1924;
700, $4,000, $S00O $4,000, $4,000, and $33 COO
I vi 1298; $4,000 at 1893; $4,000 and $4,000 at l20l
$4,000 at 1926; 900 and $40 900 at 1870; S2OO0
$1,000, $4,000 and $ll 900 at 1909; $4,000 and $4,000
at 1909; $4,000 at l304 and $4,000 at 13l; also $50
/ Spanish douboons, rated at SIS s. at 1901 Sales
v Of Silver have included round amounts of either
foreign or domestic, and we now quote Gold at
l30@l303, and Silver at 117@l2O for American
coin, and l30@l3l for Mexican dollars.
FOREIGN EXoHANGE-The movement in Sterling
and Francs to-day has disclosed slight reaction
in favor Of buyers. The market was fairly sup
piled throughout but the demand was at no time
active, and operations have been restricted to the
subjoined amounts, viz: $500 and $4,000 Bill OF
=. Lading Bills, at 1873 f92OO do. at 1881; fl000,
l000 and $3.50 Clear Bills at $780, and 10000 at the
Same figures; 1850 at 14O@142; $4,000 and $4,000
| at 1875 f2500, e350O and $4,000 at l424, and 62O90
at 49, Sales of Francs include 100000, in three
lots, at 3.95f; 10000 at 3.979f., and 10000, in
small lots, at 4OOf The ruling quotations this
f evening are: for Bank Sterling 142@l43; Clear
j Bills 14Ogl42; Bill of Lading Bills l37@l39; Bank
Francs 395613 gOf. and out door Francs 4.Oj0
400f.
DOMESTIC HAEGE-There is no alteration
of any kind to notice in tile movement in Domes
tic Exchange Offerings Of private and CONNER
cial continue very light, and the demand at bank
for remittance purposes is less urgent than was
looked for. The purchases by banks and bankers
to-day have been confined to the following
amounts, viz; $4,000 New York sight at 90! q
Cent. premium $4,000 do at 7.l6 i3 cent. prem
$4,000 at ~ cent. premium sl3 OOO SIS 900, SO
O00 $50 900, 100000 100000, $15,OOO S65 900 and
4 S75 900 New York and Boston sight at n cent
premium $4,000 fifteen days sight at ~ cent
discount and $4,000 thirty days sight at ~
cent. discount Quotations are still unchanged
and we, therefore, repeat at follows, viz:
New York sight at 5@l . cent. premium at
bank aud 5g8 % cent premium out Of doors.
STOCKS AND BoSDs-The demand for the better
GLASSES Of securities is still very active at advanc.
ing prices, while the lower grades continue, as
heretofore, wholly neglected. Transactions since
our last comprise 50 and rs shares City Railroad
Company at 20l and 3, g. 10, so, 70, and 100 do.
at prices that have been withheld; SO do Union
Bank at 523 so do. Bank of New Orleans at 4O8
and 500 dc. opeiousas Railroad stock at 81.
UNCuREEsT BANK NorEs, ETo.-The movement
in the issues Of the several banks in liquidation
continues partially and almost wholly suspended.
Offerings have been generally withdrawn from
The market, as holders look for full payment on
1.-The return of the bonds from Washington. We
have not been advised Of any actual sales since
Jour last, and can only refer to previous quota
tons, as being merely nominal. The movement in
Insurance Scrip to-day included one lot of $4,000
Crescent City, of 1859 to 1868, at soc. q dollar
AN IMPoErANT DECIsIoN-It has been generally
Supposed that legal instruments were not valid I'm.
bss they have the prescribed revenue stamps
pOn them. But Judge Hoar, of the Supreme
Court of Massachusetts,, one of the most eminent
artists in this country, has decided that this is not
The case. The Kew Bedford Mercury says
In case before the Supreme Judicial Court Of
launton yesterday, the question of a validity of
ICED, to which no revenue stamp was affixed, was
iaised.
Judge Hoar unhesitatingly decided that the abb
fence of the stamp does not invalidate the deed.
HE questioned whether Congress so attempted in
framing the internal revenue law, but was clear in
the opinion that the statute of the United States
undertaking to invalidass an instrument which by
be laws of the State i2hid would be unconsti-
tional. The government may exact penalty
failure to attiX the stamp, but cannot make
lid the instrument for the lack of the stamp.
~. Y Herald April 2jth.