New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-13

1872
Only a limited amount of certificates of indebt-
edness has been presented at the suh-treasury for
redemption this week the agreement for that
period does not exceed $l500000.
The loan market is rather more active, owing to
to the renewal of speculation in stocks. Fewer
applications are made for loans on gold. On call
loans the rate is about equally divided between
four and five per cent.
Governments continue very active. In addition
to brisk home market for investment there is
also an extensive inquiry from foreign bankers for
old 5-20's, under which the bonds sold at l054@
1865 at the board, and subsequently at l05361l05S.
The issue of 1866 sold at l043@l044. lO.40's are
frmer, closing at 974, and zoos at better.
The Chicago Tribune reports:
The money market to-day was very much un-
settled, in consequence of the efforts of one or two
of the national banks to increase the volume of
their currency for their statements on Monday
next. For this purpose one banker threw upward
Of 100000 of Eastern exchange upon the market,
which completely broke it down, and rendered
the money market close and stringent In some
quarters, however, money was moderately easy
and good paper was acceptable at ten per cent.
per annum.
The rates of Eastern exchange to-day were very
irregular. Round lots were sold among bankers
at 81 50@6S2 per thousand discount, but counter
rates were steady at par selling and B6ll-lO dis,
count buying.
The Cincinnati Gazette, of Tuesday, reports
The banks have fair supply of currency and
they are dDle TO meet the wants OF Jlelr regular
customers at rates Of interest ranging from eight
to twelve per cent. 1t is noticeable, however,
that there is continued flow of currency into the
interior
STATE BoNDs.-The New York Commercial Ad-
yertser says; ...
The Stock Exchange committee en- securities
have recommended, and the board has resolved
that in future instead of the present call of North
Carolina, Virginia and Tennessee State skies that
it should be First, North Carolina, Virginia and
Tennessee State skies as at present, with coupons
of and from July /, 1861. Second, do. do, cou.
pons OIL Third, do. d. new bonds dated January
!, 1866, and after.
The first and second mentioned above to in
cluda all bonds which are acknowledged by the
State, and which the State will fund the coupons
regular in other respects, and bonds dated Janu
airy and April /, 1866, which being acknoWl
edged by the State are to be considered goOt
delivery as North Carolina State bonds old issue
In the case OF the new bonds, those of the de
nomination OF $1,000 and $500 only to be good de
livery.
srooK BROKERS AND THEIR CUSTOMERS I'm
0orta1& Decision II, the Supreme Cout.-Tn thu
supreme court to-day, before Judge Grover, tbt
following proceedings took place:
W. B. & G. Jaudon against Josiah W. Butler
The plaintiffs, who are stock brokers, sought TIC
recover from the defendant the sum of 81 500
which they claim to have lost by reason of theiI
having bought for defendant at his request, on
the 9Th day of April, 1864, one hundred shares OF
Fort Wayne at $50 share, on margin of $1,000
which stock they sold on the 18th of April follow.
ing at par on the ground that the defendant failed
to keep his margin good.
The testimony on the part of the plaintiffs, was
that defendant when he gave the order for the
q purchase agreed to keep with plaintiffs margin
of ten per cent at all times gOOd that on the 10th
of April the maTkethaving declined, the plalntliis
asked for additional margin, when the defendant
gave them az order On another STOCK hrm 70 re-