New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-14
stockholders. The fiscal year of the Company ends
on the 3Oth Of November The receipts for tile last
year wore as follows


T0tal,....,................ .sG0lOlS
This shows a decrease from the previous year of
$2792, which decrease is about equally divided be
tween receipts for passengers and for freight The
report very briefly but eaboraely, comments on the
present prospects Of the road-alludes to contnu-
GUS road running via the watering places to Mobile,
and expresses regret that with charters and pryi-
leges, vet under control of the Company, something
cannot be done to secure to it the advantages of such
connection. II appears the railroad account to Mo
bile or the project is debited with Sis ,255.
The expenditures Of the road say S57 s27 are thus
comprised; for the running department, 1850;
machine shop, s6O82 repairs and other items. s19-
430 The Company lost by the burning of the hotel
last year small amount From all the figures before
u.s. with the same receipts as last year, the running
debt of the Company can be lquidated within six
months. There is one item of account in the report
which we should like to know of the whereabouts of
its location. This is West Park We have heard of
great many parks in dry, but this is the first
we have heard Of West Park whether it lies on the
border of Lake Pontcharran or in the vicinity of the
GENTLY road, we cannot say but we infer that it is
on the lake shore.
Assuming the gross receipts for the quarter TO OS
The worEug expenses for running the road repairs and
CITY Taxes are 6U,S6I
SAB 49,
The balance Of $l3, l52 has been expended as fol-
lows
Construction of Washington Hotel,
Paid juigmeu, in favor of j. W. smith, former
To wards Construction Of Wss Park i623
Interest account l461
From our own investigation and views from the re-
port before u.s. it can be assumed that it will not be
Undoubtedly the local business Of the Company
will be affected by other avenues of travel but the
rapid increase of travel will enable the road to hold
its own. This increase however, will be divided.
For instance the jackson Railroad will receive large
per centage of the Northern land travel, which has
heretofore come via Mobile Then the establishment
Of mail line of steamers between Mobile and Texas
will stop much of the Alabama and Georgia travel at
Mobile. However, the old PontchartIan will, within
a year or two, be paying stock
We have very little today from Northern cities.
We received the following Of the Boston money mar
ket under date of the 18th inst while we have moth
ing from New York later than the 9Th
For few days past there has seemed to be bet
ter demand for money in some quarters, but rates
have not advanced, and whether there is any change
in the market as whole, it is not easy to determine.
The bank loans range higher and higher, and as one
ana announcer approach the legal maximum There IS,
OF course less eagerness to lend and increasing in
ability to comply with considerable calls for money.
An apparent scarcity in the midst Of plenty becomes
noted in particular institution while its depos-
itOrs, to saysnOthing OF its next neighbour may have
large sums ready for lending The result OF this
legal inability to lend with heavy specie accommOdl-
tOns on hand is to send the moderate borrowers Of
the day to other banks, and thereby to produce an
apparent increase in the amount and activity OF the
demand We are inclined to think however that the
aggregate demands really increasing trihe though
it is yet far below the means Of the market and may
dwindle away again in a short time.
During last week prime short paper was taken as
low as 2per cent, though the general price OF such
notes cannot be reported below A. AT 5 49 cent on
prime securities. Exchange with NewYork is heavily
against BOst0n but, whether by favor or otherwise
the aggregate of the specie in State street CON
sidelably above nine and a half millions. Money is
so very dull in NewYOr that it is scarcely worth the
while Of the Wall street banks to draw their Boston
balances. Gentlemen thoroughly posted as to the
New York market inform us that money is dull in
Wall street beyond precedent.
The Boston jObbers and retailers are yet doing a
good trade and the fancy goods dealers, with new
and beautiful impOrtatiOns, are anticipating prime
holiday business. Money is so very abundant among
mercantile people, that they feel confident there will
be considerable present-making this year. Larger
business OF course, is quiet Some Of the mechanics
have been and are quite busy but upon the whole,
there is great scarcity Of means and lack OF employ
ment among the people. Last winterWas a moderate
one, and many sustained by previous small saw
ings. The present winter bids fair to be hard one.
and for the poor it cannot but be more dull and
dreary than its predecessor The hard times are
now felt almost everywhere in the community, and
to be living in period Of indefinite length, Of eX-
Ceedlng depression and teeblGness,