New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-03-13
THE COMMERCIAL DEPARTMENT.
.Sleu 0rIeAlls 5tlouty Mlarhet,
CREscEsr oFFicE, mo. 70, Camp str,
JITajaasdnv E,yeuiut March 70 Is

,aleW QDfleaNS ay0Aeg asldtARe' y.
oH Wsdas5day Evening" Marchf2 isss
There is not much TO be- said todays transactions Rain
commenced falling early hour and continued through the
entire business part the day placing real embargo all
business depressing all desire for action and
raj negotiations. sd - G& 5
we take from the Louisville Journal Of the 4b Instant brief
account Of business at that place that day 1t WILDE
that large quantities Of merchandise from the Eastern cities
destined for The West detained by the ice at Pittsburgh
IIatis merchandise come by the way of New Orleans the
would have received at amuc earlier time and at
lower rates transportation than by The railroads canal via
Pittsburgh Whatever becHte complaints against our good
city has been iceouni II Mississippi Tennessee
merchants have had their spring supplies ccbound in Pitts
burg for seventy cgydas tits hoped that they will deem
equally economical and SAYING Of interest to shpsa New
Orleans hereafter and when of Intelligent steamboat
captains again certify Of merchandise being shipped for
warcd fromE Eastern cities the several towns cities the
Mississippi river from Memphis to Nacez via the West let it
also be stated such merchandise has been nearly three months
transit since it purchased 3.. +,S$
Notwithstanding the nccncncy Of the weather to-day there
several negotiations IN paper About s9oooo Of Hong
dated uecepnces placed ut per cch and about S2O0
lower grade at 81 to per cent. a#
Money continues accunuae-hc calls the Banks to-day
were light.
There were some small sales of ocksay shares Of Loui
ssna State Bank 1884 IA shares at 1894 % Shares
Union at lg211., g-.s
There was good demand NewYork funds to-day yes
discount Private Bankers u discount Outside there
Of three days ~ and ten days sight at per cen dis
sixty days bankers bills TX and about s25 900 good 60 days
sold 2S, which is rather falling off, Sterling
quiethc only sale give tone to the market IS 900 in
parcels 49,. We continue quotations of yesterday
ST. 81, go and ST. the latter for bank Bills. In bills Of
ladng there small SUMS placed At "a We quote the
range from X IL Francs quiet without any change VIZ
quote 2a2 % for fair to good bills, aed 5 to 52 Tor
bankers drefs on Paris direct. e
have
continued easy The steamers for Europe the
9Th and M it supposed would take out about ST. 100000 Ii
specie Another bank contemplated in NewTork to bt
called the Artisans Bank with capital of SJo0 TO be de-
voted to the ewclry interest Here New Orleans with
products changing hands the extent Of $3.50 coo 900 annually
takes al and every kind Of interest &c start bank with the
insignificant capital Of million of dollars. S~-r
latest dHcs from the West from Louisville of the 4
inst which are follows:
Once the tide Of business has fay set in The ice in
the river in the carly part ie week but it run 81
nsf until saturday did those detained Cairo arrive The
yfsE
days than they have ever beea here within the same period TIE
f ay sGs last a' n 'St' wy ' m ''' m '
sa IN Ts r fae 70 n css
article which enhanced by by te closing q he rivers has
asii sy ass'"sa-'"E them We notice particularly vsAs
The transactions in provisions have moi been exensve a9t
were at about previous rates
ses @ @
sss'a FOR s 9 sSssd It Psh hs
goods obbers, who have large quantities
E" viii remp i@a Of tere u.s.
very s'ye demand for mGy which has 6fsn thus ia
pnpsr at s cent f fSss sh sseng
n a sS"hs ad sn Ps e eSseh @
and time oad ns o mGn na trans on Ind rates have
s anS Sc and II S"y S u.s. 81 ST
seftlcn at still better rates.
The last statement of the Bank of England follows
S R nszss n q
Private DEPOSITS. l$s9!25s Increase 9s !, z
Notes in Rcserve 5'ii955 Increase :,,..... 5si,o
The striking part of This statement e increase
nearly million md half sterling in the discounts. Much
this extraordinary demand for money is thought to have arise
from the extensive stock exchange transactions, which
prompted, in terst instance, by the prospect of peace
AT the moment when it is uncertain whether ter
will be peace still more vigorous prosecution of the war;
glance the financial position of this country compared wit
former periods may be unacceptable. We know TINT
impression generally prevails in other countries that Great M
permanently oppressed and her resources materially i'll
paired by her enormous national debt debt amounting
600 does indeed appear overwhelming
ciallv when remembered that annual charge
more than ST 900 sterling Such oppressive ncre
shifting burden must, it said operate as serious clog upt
country progress and TO certain extent the inference
correct the assumption that the charge is larger than IL
Empire bear with is entirely incorrect The followt
comparative statements WILL think show that whilst II
country certainly diminishing in its power TO sustain ii
pressure and its consequences that
steadily diminishing until the 9Th Of January 1851 The W
has of course changed the state Of things The grand total
funded unfuned debt in 1876 when England emergedfEo
the last great war; ESQ t9l requiring expenditure
OBS per anu On the 5tl january 1854, when Engla
was about engage in the present war; the aggregate amount
funded and unfunded debt DOL and the total nnn
charge CT SIS about f lbs i'd cent per annI
Tile debt had thus diminished $50 OF 400 the cost of annu
management ca 3i6. The latter in itself may appear
riine affair." when applied to thecnTe debtot 9l095 DOL
amounts to 10 than s9957 Attention has been me
earnestly directed dinnuon of the annual charge than
reduction. of The nominal capital of thc debt