New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-03

In taking retrospective view of the past twelve
months, closely scrutnizng every of note in
the financial MARKET orcbly reminded Of the very
limited call for money for investment in real estate Apa-
thy and distrns have marked all transactions in Stores
houses and lots for the past year Iti concu
svely shown that Banks have not loaned with the
expectation that such Investments were to be oounte
nanced; and though during the year sales of we'll
located and weiimproved property made at great
decline from prices current three years SINCE they ought
not to be considered criterion in which estimate
the value of similar property in the upper dAtricts of the
city, And, although many stores, In central locations,
have without tenants for the past year. it has
much exorbtant rents and the absence of
as other Nevertheless, the throwing into
market three years SINCE the great bature
greatly extended the limits Of stores and warehouses;
the increase of the followers of trade and has
been commensurate with the desire of
ers to extend their improvements. We however hold to
the belief that the depression is only temporary And
when we calmly consider the absence at this time
all desire for speculative Investments in real estate
come to the conclusion that will rebound the credit
of our communityand 1t s fully demonstrated that the
money market during the year. has been free from the
opportunities of real and landed estate operators Our
city is not the ony in which general depression
real estate existed for the year past In Baltimore
Cincinnati and in the great metropolis New York
complaints have been freely made.
The time for leasing letting and renting property is at
hand but not observe the least indication on the
part of propetor Of real estate to reduce their demands
of rent and augur their confidence in the prosperity
of our city is fully equal to our own.
It gratifying for to have to note the undminshed
zeal and energy exhibited in the furherance and
cuon of our two great railroads The Opelousas road Ii
being pushed ahead vigorously, and will in few week.
enter the uxurant part of the sugar regon willis
jackson road progressing into the heart Of the rich
/ est section of the cotton-growng region.
Unfortunately most of largest of real esat
take misguided view of these two important underak
ngs Events of the past year. supposed have forcb
illustrated the deficient means of transportation
intercourse with the country. The commercial commu
nifty ought not to be expected to do everything In pro
| noting and building up the destiny Of New Orleans.
It was oar desire to present tabular statement
from our Custom house the absence and sickness Of
officers of the Custom-house will prevent As tn
statements the fiscal year Of the government the
mercial year of the community, and the statute yea
would come in conflict, the omission will not be Of an
| disadvaDtags-we having published the Gustomhous
statistics up to the termination of the fiscal year. the 3O
Of June last.
Il We cannot close this, our First Annual Review
without expressing thanks TO the several officers
managers of banks for their universal kindness
courtesy extending to all facilities in the prosecuto
OF our duties mparng to all information conduct,
to the Interest Of the public The candor, frankness
sincerity which have marked their intercourse with
duly and senshly appreciated To our numerous friens
who have from time time kindly impaired to speci
and general items of interest thanks are also due