New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-03
Orleans Nlelau alarktt.

CRESCENT 0FrtcE, No 10 Camp street.
$s There was very little done to-day. The sales Of
2bo hales Of cotton yesterday were commented on,
as rejecting on the course recommended by plant
ers, aud 9e. fol new Middling is rather low under
< the present state or the crop. So far 40 we can
learn. the Liverpool ations, tie I4th Sept,
for Madling Orleans ruied at 909td. Of course,
there win be several handsome balances to be
q drawn foT by parties on this side but whether
these balances VIII have any influence on the ex7s
change market. is question to be answered here
after. It ID idle to suppose that the general ex-
change market can be influenced by the very trif-
Z ing amount Of bills to be ordered. We might ex-
pect d large supply Of both French and Sterling
exchange, If the orders now in market for cotton
could be executed. We have, therefore merely to
quote that sterling at So I'd 80 days date is taking
Id moderate amounts at 10s, and at fraction
above, as well as as fraction below. The banks
4 hold at higher rates. @
The cry for small change continues, The banks
have noW larger circulation than for weeks past.
As regards one of the old banks the Citizens, the
President recommended to our Legislature at the
session of 1860, withdrawal Of all bank notes
under ten. 10 carry out this suggestion, the man
dators of The Citizens Bank have not for the last
five mouths issued five dollar notes. On the gen.
aral suspension Of coin payne nts there were few
FIVE dollar new notes on hand which were cut into
halves to meet the demands Of the public. accord
ingly this bank has been withdrawing its small
notes., so that at this time there are only abont
$50 in fses. which are scattered broadcast over
+ the land. At the Bank of Louisiana and State
Bank they have been paying outsmal notes from
tens down to ones) All the week. But parties APP
sply for si00 and 1000 small notes, who never
q 6a..
40 they inform ns 1t Is manifest that tile eircala-
fion Of tue banks Is daily Increasing and that il
will take nut short time for them tooyertop the
amount vi com in yault by their circulations We
are not informed they are doing in and about
4 The Canal Bank. Or course, tie free banks cannot
expand beyond the amount Of securities in the
hands Of the Auditor Il people viii hoard Why III
cannot be helped. e It ia al plain as the monday
sun that il being sent outside Of the limits Of
the Confederate States that there are Black Re.
& publican aym athizers in our midst, who would
shout and ext at the total depletion Of the vaults
h Of orr banks. There il no necessity for demands
i for gold for commercial purposes Confederate
treasury notes are to be the currency. True, the
Post.c Office requires gold and silver, which ID CON
traTy 70 reason and Justice. There ought not to be
TWO enrrenciss; one Tor ofice-hoIders and one for
Z the people. The Collector of the Port receives
treasury notes for al dues why not the incumbent
"A the other end Of the building, notwithstanding
the order Of aome subordinate officer in the bureau
N at Richmond who has not learned the duties of
office y 5s5
public company (tha City RAILROAD receives
daily froIn eight hunerea to one thousand dollars
in small change. The same is disbursed daily to
M employ "a and for other purposes In d few days
I the Treasury Department at Richmond will have
its fives out, whom it is hoped the demand for
small change will in some measure subside; but
We dent believe IT will, because the cry for more
more. give. give, comes sd very natural w