New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1852-09-01
0MMERCIAL STATEMENT
For the yenr 1s51-5a.
CnEseEvr orrrcE,

Wednesday Morning, September 1, 1852
The year that has elapsed since the date Of our last
ual statement has been of great activity in nearly
Ill branches of business throughout the United States
md we believe of unexamped prosperity in most of the
commercial States in Europe and America. One Of the
eading causes of this condition of commercial afars, is
The vast yield of the precious metals by the California
nincs the products of which are scattered with re-
markabe equality Of distribution through all sections
among all classes of country and through many parts
Europe. Thus, what luxures to many thousands
out short time since comforts and plenty
to be found throughout the land. Prices have natu
rally advanced money became abundant and con-
umption increased always being ruled however by the
xten of supplies and for months past most arti
lies Of domestic productions in our markets, have ex-
aibited upward tendency in the rates. The ex-
;ep.ions, however important, few and fully
accounted for. Extensive systems of internal i'm
provement have given additional employment and in
creased compensation to the mechanic and the aborer
ind there few that remain idle, poorly paid In
our own city and State the spirit of enterprise has fairly
arred every thing before it during the short year just
closed Internal Improvement Conventions have brought
together in Municipal Hall the abest and most public
.pirited men of the South and systems of railroads
stretching to the North and into the Southwest have
not only been projected but the have been pro-
vided to carry out the plans and their construction is
longer doubtful. The shackles which have been
State confidently hope. about to be taken off by
he adoption of liberal organic law which has been de-
sed by State Convention composed OF men selected by
their lowctizens most worthy to be entrusted with
important charge The vote of the people on this
Constitution is to be taken on the first Tuesday in
November of the present year Hardly reasonable doubt
IF its adoption by the popular voice exist The abso-
lutte necessity the changes involved in of Its pro-
visions IL obvious that the fact Of its possessing few
Objectionable features but fail to produce any very
serious opposition to the instrument as whole. Pre-
cedng this great measure in point of time of but
little Importance to this city, adopted we refer
to the consolidation of the three municipalities under
responsible government and the annexation of the City
Of Lafayette to New0reans The action of the State and
city, with regard to these measures, has given business
men midst merchants at distance and capitalists
at home and abroad degree of confidence that Of
these classes have entertained for many past One
If the first acts of the City Government pro-
vide the payment of the debts contracted by the Mu
inequalities in past years. many Of which were past due,
ind under protest Another was to subscribe two millions
dollars to the NewOrleans and Jackson Railroad and
me million six hundred thousand to the New0rleals and
Jpeousas Railroad The feeling of the people well
,hown by the vote raying this subscription and placing
very heavy tax upon real estate for its payment fact
most credabe to the city and without doubt of great
effect upon capitalists The old municipal bonds and
evidences of debt converted into new city stock
which, representing S2UUUUOJ, NJ Elk per cent Interest,"
was placed the market in NewYor To the surprise OF
ur citizens themselves including of our shrewdest
business men, the whole amount taken by single
house. at handsome fraction above par In view of the
facts that thus briefly touched upon and others
If equal significance but of minor interest to which
limits will barely permit to refer we think the business
prospects of New0rleans brighter than at the
! opening of this commercial year There is every
reason expect abundant crops of every description
American produce during the next year while equally
abundant supply of the precious metals will have the
effect to increase the demand proportionaly. Besides
this the recent accounts from Great Britain justify tn
anticipation that the crops there will be short, and tina
shall be called upon to supply considerable portion
of the deficiency Cotton the article which, of all other
in commerce. the greatest influence in the
motion of peaceful relations between the United State
and Europe has been produced during the past to
extent without parallel in commercial history and
far the crop of 1928 promises to be equally large
vet however entirely early to make calculations
this regard The crops of Tobacco and Sugar have ais
been unusually large Owing to this increase the price
Of all these staples have averaged considerably lower tina
they were during the preceding year. though since jar
uary last the rates for Cotton have stood at about tt
range the market during the last month OF that yea
| and close at considerable advance
The following table will show the Receipts and Expor
of the principal articles of domestic production at Ne
| Orleans during the last two years.