New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-01-19
Netu Orleans Aloney Market.
CRESCENT OFFICE, No. 70 Camp stree
Saturday Evening. Jim. II 1877

s. CRESCENT OFFICE No. 70 Camp street ,
Saturday Evening, Jan. II, 1857. 5
In the early of the now closing there was great
commotion in the market brought about by the European
adrces received by the which arrived at New
York from Liverpool The activity extended no further in the
produce but the week has been attended with increased nqu
ries for and the Banks have they could
do, and some Of them rather desirable for the
basis OF specie Outside of Bank though there some
larger amounts of paper yet when the business the week
footed up will turn out that there have been large
for for the week ending inst What course the
cotton market will take the coming depends altogether on
the complexion of the nomentary expected be
ceired By the steamer Arabia.
In the general city trade there for connan-re
ters of grade and of every class been idle
and good deal of money circulated aiiy In the Wholesale
business OF dry goods groceries, hardware conconan
branches, there has been fair improvement taking
general survey of things and affairs general very
few causes Of complaint We sAond expect complaints
however If gold dust thick the leaves
OF 'allamb osa Some few rel estate complaining
Of inactivity in swamp lots it is supposed yet with the
decrease in taxes and without ay reduction rents the
cry still great depreciation and notwithstanding eternal
dngdong oil taxes low rents and ruin every
We question the propries of taxing capital city
casc capitol is required to develope and bring the great
of prolific State We would capital free
as the dir we breathe According to the going into
effect heavy amount is exaced from doing bust
ness in the form of license and in addition imposed
what capital be employed in the business which
license is granted This the proper to induce
capital to seek city Under the old mode great complaints
made by propcors real estate that they lad to bear
all tile burdens of taxation but they add fact that
they enhanced their rents yearly than sufficient triple
any increased municipal imposs We have in our
mind this moment three brick Camp street.
within stones throw of Office which rented in the years
1851 for nine hundred dollars per annrm and the
buildings have been under for the past years
and 81 900 Now who paid the increase taxes
the landlord the tenantE We pretty ceruin That
Of the property has correspond
with the exaction in rents The of this property
eyer vanDEp in
States where he resides
The rain to-day greatly mpeded business and
Saturdays there great almost every branch
The diseharging of vessels and brought close
by nevertheless monetary engagements to be COM
piled with There nothing to indicate that any
demands on the varied Of the financial community
were made We only heard of small amounts Of Al paper
being in the hands of brokers' they placed
rate Of per cent. for twelve months date Short
paper just outside of Bank time, offered to per
Lenders continue free yet and before another expires
he apparent press of the moment will have passed away
According TO the returns made this morning, the
business the most extended benefits in public
have been made by Citizens Bank the State Bank and
branch and the Bank of New Orleans while Bank
has been operating extensively in exchange Mechanics
and Traders moving along qniety ard nobtrusye
serrtire TO its regular patrons customers The
the Board of carreacy shows the
otler Banks
Tho business of The week has fully as large the week
ending last Saturday As evidence Of the magnitude of
transactions in exchange alone, private banking
houses Camp street has purchased since
month exchange to the amount of million
lars and sold nearly the amount purchases being
all important points except France chiefly
on New York There is for banking capital but
more coin would be required for larger movements.
The following dividends have beee paid this week
D. the Bank Of New ots,ns io5Tp
BY the Southern Bank Observation-Disclosures 25OD
BY the Mechanics and Traders Bank $1,000
Total, .2s7,5oo