New Orleans daily crescent., 1861-10-23
gtm @rIeaas UIslteg s5EafAst.
\ cnEseHsr i psr,ss, ], % Camp II,

ss Tuesday Evening, Oct, ~ 1851. 5
Not movement to-day 1.-THE paper market
worthy Of recording. Some bantering was going
on in insurance scrip, but no negotiations were
confirmed. In and about the banks ii was with
one o. two exceptions, remarkably quiet At the
counters of the exceptional cases there was good
inquiry for small notes. IT IS talked that an insti
tuition, not far from the eornerof Camp and Grayier
streets declines in tototo issue yes and tens that
one o. tWo parties who have kept accounts there
for fifteen years closed up to-day. It is certainly
strange thai two Or three banks should adopt the
policy Of refusing to pay ont small notes to regular
depositcrs, whorequire only twenty; thirty or fifty
dollars. True, If cannot be expected that a bank
which receives treasury notes on deposit, say a
$500 or $1,000 note, can pay out it's own notes in
small sums to cover checks drawn against such
deposits Or ii. The Confederated Government is
bosnd to furnish small notes. Itissupposeditw twill,
and that just AS speedily as small issues can be
signed The Gonfederated' Government is bound
to furnish currency, inasmuch as the banks have
on the recommendation through the Treasury De-
part frnent snspendea payments in coin, 1t is sup-
posed there are in circulation about two millions Of
dollars IN FIVE and tens of the eleven banks of our
eity. "A the antime, it ls well for the public TO-
commences semething OF practical economy we
are n for war Of longer or less duration. IF the
of our ports is not raised within three or
four months, cotton will be a drug. Prices of
pfeadstuils are advancing to- most exorbitant
prices. Sugar and molasses will be the only pro-
duets tcs be relied on. These two items will be ]
Worth n market something approximating twenty
eigat mllllons Of dollars. II, however, cotton plant
ers cannot sell their cotton, on are compelled to
keep ton plantations, how can they realize money
to purchase sugar and molasses which viii be yery
abundant and possibly rule at extreme low rates.a
Our banks cannot expand with safety. They can
i move on treasury notes Il they should have them
bat to move On them, they have TO receive their
oals receivable n them II will not be very safe
course at tbs moment 10 discount on deposits
they are soraet thing of the change Bile %
rapidly in crisis, and not at ail reliable for al
basis. ss
The circulation of die banks shows no diminish.
ing, hafsis, 4 majority Of them donot ;liconss-
quenty, the harping against them for not flooding
she country with their issues Is misplaced. Ii the
meantme, small notes ara increasing from day to
aay, ana With the exception Of treasury issues, the
eaner for Change, y II believed, will be checked,
though + VIII he diaicult to pursue a course lint
what some inurinaring WIN arise. ss
Ihere Vas no movement in exchange TODAY.
beyond some inquiry fcr small gums, of sterling 10
be forwarded Tomorrow for Europe. There Il no
regular quotation, On the Southsrn cap;tals tbara
is little doing. The banks ssl their checlss et
par The banks Of Tsnnesses are Increasing NJ
balances here, preparatory ii is supposed, to fur
nishing their customers with New Orleans funas 10
be invested id augaf and molasaes.
Nothing dong in stocks nor ii bonds. ,t5 .ss,