New Orleans daily crescent., 1861-11-11
Hep 0tIsaas agloneg aIarAet.
EEseEgz i z ossiGs ., No. I, t,snp q strs 81,

3 Nv
ln the great staplesof sugar and melasses there
have been increased sales and shipments during
the week, the amount Of which sales alone exceed
S25D,00o Beyond these movements and some
speculative ana nonepolfzing operations in salt,
cotton bagging and bale rope there has been
n nothing ardinary tnrned up for the week now
closing. appears the disposition tospaenlate on
The OF the people is not confined to the
lev Who. deal IN wholesale and are possessed of
means, but almost every individual who can bor
n row from a few hundred to few thousand dollars
enters the market for veal or for woe causing
= rapid and daily advances in many articles for
~ which there are no justfable causess Take the
article of salt. AT the commencement of the week
twas selling at from IS 500s6 90 per sack; it
N closed to-day at slaGDsl2 per sack. There is just
az much probability of the ports being opened-a
a phrase often harped this eYenng.as there was
at the opening Of the week. As for the movements
~ bagging and rope, they have nothing whatever
TO support them. Planters and consumers are not
compelled 70 purchase. Some few parties may be
70 nave their cotton ready for the opening
2 OF the ports. But this does not warrant the high
prices which are being daily forced up. Our banks
cannot be blamed if they should decline all paper
aasea on plantation sup plies at these unnatural
prices. # the ports should be opened there will
s
= they are mol, then there will be no market for
Gotten, and tits almost equivalent to throwing
money into the Mississippi river as for planters to
ire e. porting the speculative and monopolizing
teaasncles now more than apparent. Bagging and
are not OF life, and cotton should
pc wanted 10 such great haste, buyers will pur-
lt whether it ls in hoops and cypress boards
~ in bagging at 25c. per yard.
pefe IS also much speculation going on in Com
ieneIate bonds and insurance scrip, and something
s n eify Railroad. These movements are confined
sss 70 fieasers and stock operators say diamonds
aad y some transactions it is diamond against da-
mond, 80 let them ventiIase If some Of them,
"a get in tight position and are troubled
A wiz the shorts is hoped they will not be ap:
peahng to the banks for temporary loans on pledges
of peftetenlAes of certificates and bonds, and Ia
s4 herteIang With regular and legitimate customers,
dealers and traders
" tne general 1onbing trade, which covers dry
hard ware, shoes and clothing the
N sales ot tie week lave not been large, neverthe,
ess iasge profits have been realized on many kinds
ss q merchandise wanted for army purposes For
the system Of ratrenchment which ID de.
ep4hs daily, obsiates any great demand for many
articles of drgigaadI, and it is imnaterial how
large on how low stocks run.
- tSetsi trhut very GlfnlnI
shed business. going on. The workshops Of Eu.s |
rope will feel the effects of tie loss of 600 900
q SILKS, millinery and gewsgaws through this port
alone tor this year, let alone the many millions Of
dollars which have year after year been 80 kindly
imported for us through New York
Ihere has been more freedom eyinceti In the ont
aeor money market during the week, but the i'm. |
proVement, u it can be termed such, only anplies
20 commercial paper Of very rare class, ana mort
ssge paper connected with the sugar Interest. |
Good and secondseass papsr is ossrlooked, unless
ct rates o. usanee which no business syi now
tity, unless 10 should be connected with some eon
tract for Government. According 70 TIE return of
the banks to the Board or Currency there has baan
an increase Of diseonnta for the week chiefly il th
dead weight The renewals which are necessary
to be made may as well be thrown into ne ext year
or ffor account OF planters, the obligations nar8lt
be.'mads conditional predicated on the sale Of
esops. It must be Obvious to all that during the
war oil forms and Irregularities, bearing in state
of peace and prosperity, must be In more Or less
aegFse m9alaed, Or perhaps altogether nuliitied.
Ihe position now occupied by our hanks is widely
altterent from what it was twelve months ago. The
relation between debtor and creditor Is also essen
tfally changed, and the incertitude which attends
the future ought TO adaloniah al Of the neces-
sity Of restraint and condemnation Of the reckless
desifes for Investments which now prevail The
particular action of our banks does not indicate