New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-26

ST. LOUIS MONEY MARKET, January 22.-The
demands for money are not large, and if they
who ask it at the banks are of such character
that they will meet their engagements with or
without dissolution of the Union-or in other
words, are such men as banking experience says
should have banking accommodation, they can get
all the money they want either the local or bill
line 1t is quite true, however, that all who think
they ought to be enabled to get money cannot do
so. There is certainly great dizziness and quiet at
the banking institutions but it is trusted tavora-
BILE turn in political events will OCCUR which
will give confidence to capitalists and activity to
financial and commercial business.
There is large and profitable trade springing
up in the furnishing of and provisions to Geor
gia and other parts of the South where such sup
plies are needed, and where they will be wanted
all the season. Large sums of money, mostly in
the shape of Eastern exchange, continue to reach
here. If this is the case with low river and
troubled politics, it would be much more so if
these conditions were bettered.
The effect of the above is already apparent on
the exchange market, sight on the East having no
tendency to advance above Saturdays selling
rate-41 premium; but neither is the prospect IA
vorable for an immediate decline below this. On
New Orleans sight is 81 prem. The buying rate in
both cases is about get below this dealers hay
ing to operate on wide margin when rates are so
unsteady Illinois and Wisconsin currency con-
tinue at par with Missouri or bankablc funds.
The following is an extract from the annual cir
cular of Mr.. Samuel Smith, dated Liverpool, De-
cember 81 1860
From the returns published this day it appears
that the average deliveries Of cotton to the trade in
Great Britain the past year reached the enormous
amount of $4,000 bales per week against A 100
last year. Spinners are supposed to hold at pres
ent very considerable stock, perhaps 100 900
bales greater than at the end of last year, and on
this supposition their average weekly consumption
for 1860 must have been 4S, GOO bales per week,
and should estimate their present rate at consid-
eraby above the average Of the year. and put it at
81 ,OG0 bales, of which As 900 bales per week
sist of American cotton. 1t is believed by those
conversant with the trade that the number of mills
now building and the amount of machinery
tracted for would admit of as great an expansion
in the consumption of 1861 as has occurred in the
past year, and it is quite probable that if the trade
had continued prosperous and cotton ruled as low
in the summer, the weekly consumption of
American cotton for 1861 might have reached 46 900
bales or more. But with the threatened scarcity
of the material and unsatisfactory prospects of
trade, it is not likely that this development will
take place; greater economy will be introduced
into all the processes, while much of the new ma
ehinery may remain unemployed, and so without
resorting to short time other exceptional meas
ures, it is possible the consumption for 1861 may
be kept stationary at the present level say 81 GOO
bales per week of all sorts, and 49 600 bales per
week Of American cotton.
What, then, are the prospects of supply ade-