The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-25
Obs sifn 6rlfans @gresrsut
FRIDAY MORNING. DECEMBER Is. lsss.
9rw Orleans tSlonep cMarket.
CREsctsI OFFICE. No. % Car srRkrr,
Ihursdsy Evening Dec "a. lS6a |

1 Thursdsy Evenng Dec "A. is6s /
| Transactions in monetary circles during the
past eek have disclosed no variation whatever
The supply OF currency exhibited contilued
steady increase. while the demand for accommo-
dalton indicated corresponding reduction
Rates OF interest and discount have been
virtually unchanged, however, aud we have
| TO again repeat previous figures, as fol-
lows. viz: u cent. % snnum at. bank and
l@l4 Il cent u month out of doors for short gilt
edged paper, and l0Ql2 y cent. per annum tor
long dated notes, secured by strictly AL city
mortgage.
GOLD AND SILvER-There has been considerable
| fuctuaton noticeable under the above heading
| since the date OF our last weekly review. Gold
was in moderate supply and demand throughout,
but owing 10 the frequent aud at times heavy al
teTaiions in rates at New York BUYERS and sellers
| have manifested unusual caution and operations
| on the whole show q marked falling of as com.
pared with previous returns. In Silver we have
10 report better feeling and the ttitling lots of.
sorbed at l362 points below Gold rates for
American Halves ADD Quar- ters and 2kCl3g q
cent. premium on Gold for Mexican Dollars. The
tales OF Gold to-day included the annexed
amounts, viz $3.50. $4,000, $1,000, $500. $1,000.
$1,000 and $4,000 at 1875; and $4,000 and sl2, 900 at
l55s, while operations in Silver have been wholly
suspended throughout. The closing rates this
evening were l34L@l35t for Gold l3li0l334 for
american Silver Coin, and l36l9l37 for Mexican
Dollars.
FOREIGN ExoHANeE-There has been moderate
daily movement IN Sterling and Francs during the
past week. Offerings of commercial foreign bills
although ample, have been at no time heavy or
excessive, while the demand has been steady, and
on the whole Of an increasing character, from the
opening Of the week to the close of business this
evening. Quotations have undergone some
changes, as usual, however, owing to the disturb
ed condition of the New York Gold and Bill mar.
kst.
Tae sales to-day con Used fl2OO f2lO0 and $4,000
commercial Sterling at l461s, ard 35OOOf private
at MIN fb;
evening were l46lGl47f. for bank sterling; ll5ld
1851. for commercial do: 3S6lG13 S5f for BANK
Frau cs and 9O@ 3.Ss9f. for commercial do.
DOMESTIC EXCHANaE-Increaslng weakness
which was more noticeable towards the close than
10 the early part Of the week, has been the most
prominent feature of the Domestic Exchange
market since the.date of our last weekly review.
Offerings OF commercial sight and short sight have
been ample throughout, while the demand on the
part of Temitters, especially Western banks has
been of a steadily expanding character from the
opening TO the close Of the week We append the
principal purchases by banks and bankers to-day,
viz: $4,000. New York sight at ! p cent dis.
count; $500, $500, s22 900, s25. 900. $4,000
and $4,000 at y cent. discount; $50 600 at sGl
Il cent. discount; s25 600 at ll.l6 y cent dis
count; $1,000 aud $50 GOO at ssP cent. discount
$40 600 sight ON Evansville, Ind. at Ills u cent
discount; sl00 600 five days. sight on New YORK
at u cent. discount; $500 thirty days sight on
Cincinnati at b cent. dh count; 800 thirty days.
sight on 81. Louis at and SIS, 900 sixty DAYS
slRht On new OH al 0-io f5ceDt. discount. Tl6
ruling figures are still u cent. discount at bank
and 8@4 u cent. discount out of doors for sight
checks on the Northern cities.
UNCURRENT NOTES AND SECURITIES There has
been general let up under the above heading
during the past week. Offerings of most classes
were ample and there was uniformly good de.
mand for special descriptions. but buyers and
sellers generally disagreed as to prices and the
total operations show a marked diminution az
compared with returns for several previous weeks
The only actual sales reported to-day were $1,000
city notes at 40 u cent. discount $1,000 city ten u
cents st 733, $1,000 do. at the same figure and GO
shares Opelousas Railroad stock at 81 871.
INTERESTING To ISDoRsERs OF NOTES.-The copy
ss follows from the Baltimore Sun of the 18th
I" In the Court of Common Pleas, yesterday, be.
fore Judge Carey, the case of Cromwell vs.
stewart Laws was tried on these facts: In 1865
J. r. Stewart gave a note, signed by himself for
$500. payable 10 the order of S. I. Cromwell. Ga
the back of the note were signed the names of
delivery 70 Cromwell but which Crom well never
indorsed. The note was not paid at maturity nor
protested. and no notice given of Don-payment TO
Laws or HeDckle. Cromwell brought suit against
all three as the makers of joint aud several note
though on its faceit was Il promise to pay The
defendants, Stewart x Laws, severed their de-
Tense and pleaded separately. Laws claiming to be
back OF the note as such that 10 be held liable
the note needed protest and notice to him of dis.
honor. The plaintiff claimed that as the names of
oil the parties were on at the time of delivery,
whatever part of the paper bore the signatures
OF the parties they were joint makers as much
as If their names had been signed on the face of
the note and Immediately under the first signer
and such they were liable without protest or
notice. The court so ruled, and Judgment was
given for the paintif