The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-27
Hsu erIsans 5Iianfu Hlarast.
O.'; S:s.. o;,; Sc. e !. 9: c.., !, s,:

~ "Wednesday Evening. Feb %. l853
a.. Ing isstnre o. the movement In financial circles
to-eay mas been . heavy decline In rates Of G,ld
sno lkore1gn Exchange, Influenced By the rapii
aownEerd tendency Of the New York markell
Ooio Opened 1nsthe latter this morning at l4li.
ses'nst iAzl thu closing figure yesterday. and at
demand here have been restricted throughout and
the total operations have been limited TO the
snploned sales VIZ: $1,000 in the morning at l42l.
a. ss'Uc ss o T. 3 5000 q r. 900
and $4,000 st l4l. ssIes Of silver included 1905
MEXICAN dollars at 1881 and some small lots of
Amencen halves, within the range OF our quota
t.ons' which now rule as follows, VIZ: Gold l4Oi
can Dollars at l42042t. ~ ~ ael'.lT 7t'77-'
afoREIox ExoHANss-There has been consid.
cradle falling of In sales and rates Of Sterling
s sno francs today, owing to the downward
the North The market was fairly supplied
throughout, but the demand forthe former inii.
GATED very marked abatement while that for
tne iattef has been almost wholly suspended. The
Pfncipai operations since our last are reported as
follows, VIZ $4,000 bank Sterling at 1871: $1,000
Dankers' do. at 1881; 10000 commercial sold
ny one party IN lots, at 1884 1l523: $4,000 do at
ioS $500, $4,000 5000 and f5500 do. at 1921:
and rs ,o00f. bankers Francs at 3.70. The market
is too unsettled this evening to obtain reliable
quotations, but the following may be regarded as
closely approximatpg igures. viz: Rank Sterling
i5a@lSS clear bills I52l01534 !. bin Of lading
m ns Efssss ss9k Egta's nominal and COM
DOMESTIC Observation-Disclosures under the
above heading exhibit increasing languor. The
market y amply supplied with commercial Offer
1pgs, bat the remittance demand continues re-
stricted. The purchases by banks and bankers
to day Comprised only the annt xed amounts, viz:
$4,000 bsnkers sight on New York at ! u cent
discount; $1,000 SIS 900, $4,000 and ss3 600
ll-l6 cent. discount; 100000 New York at
n-l6@4 u cent. discount, and $4,000, $4,000
and $4,000 do.st y cent. discount We now
quote y cent. discount at bank, and ll,l6 al ~
cent; discount ont OF doors, for sight checks on
UNcuERESr Norris AND 6zcuR1r1Es--A better
feeling has prevailed to-day with regard 70 city
notes the large were firmly held a. 149lS .
count. This Is q favorable reaction, and we
hope TO see even the above figures soon matsri-
ally reduced. There Is no cause for any appre-
nc nslen as regards our city issues, and 1t is worse
than folly TO pander TO the views Of spectators
by sacrificing them The sales to-day have been
limited to eo1s 1900 small at6@71 q cent. dis
count. end 1850 large at 14i@l5 ~ cent. dis
Ssposd Soss SoS ss' h ns'ss . Wa.
piro6 n 0lock1 DR. Bonds.
Rr0 81 BoAHD-At the board, last evening,
-. ~ Qpelousas Railroad sold at So l2{
thirty days, sellers option. fat at 50 So
fss tchanics' and Traders Bank at $40 so. =
saS, pSsA DIsrAzoHEs.-We are indebted to-
AWE Y I'm Uniqn Ieegraph line for copies OF
"a W. wing pnx.to dispatches received over
ave- York. Itb. 26-l0 A. x.-Gold opens
tll{. 1910 4: n:-7Gpd ltl}. Cottonmdsmsnd
fair, prIceo e1yoncod low middling 220224c.,
mid6llnG1 ~, Mobile 23lc,, Orleans 23ic.,
11o3. 8 vt1p<@GoId lat. Cotton market quiet
but steady sales to-day 1900 bs'es sellers lirm
at last quotations. Sterling l0sE0ll0l.
LiraPool, FEB. 26- ll;l5 A. n Cotton market
quiet and steady; estimated sales 10 900 bales up
lands SD. Orleans Old. LOO p M.--Cotfon mar
ket easier; sales 1000 bales; uplauds Old, Or
leans 93d., uplands TO arrive 9i99ld. 5P. n
Cotton market quiet; sales to day 10, 900 bales;
uplands cad. Orleans s3d.; uplAnds to arrive st@
london. FEB 2s-tl:l5 A. M.-consoIs ESQ
93t. Five-twenties 7li. p. x.-Consols 93I.
Five-twenties 7lt. sr-l
IMPORTANT TO BASKERs AND BRoKERs.--The fol-
lowing is from late Issue of the Baltimore San:
I" IN the trial few days ago of the case of
Bayne's trustees We. Brown, the exact nature of
the liability Of the parties ia. each other growing
out Of stock transactions between the parties In
their character as principals and agents: and as
buyers and sellers, was adjudicated. The two
following points were determined by Judge d 1b-
bin, of the Superior Court First. that when the
broker buys stocks for his customer In pursuance
of orders, and, according to the usage, takes the
certificate or transfer orders in his nsme II he
the transaction, he must aver and prove that he
has always been ready and is at the trial repaired
TO supply the stock bought under orders. as the
condition on which he can recover; second. that
if be reports the stock " on hand" In his account
rendered, and II appears that he has hypothecated
the stock for mis- own benefit, or bas In any man
ner parted with his control over 1t, SO that he or
his assignees cannot produce II, and fail to show o
toners demand when he comes forward to pay
and demand the stock, such failure 10 release
and discharge TO the dealer, aud the plaintiff can
ho' iecoFot. - ~ - -. - 4.