New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-27
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carscrsr orrlaE. No. 70 Camp sire

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81 CRESCENT OrTIcE. No. 10 Camp street,
5sa ssJ Tuesday Evening Nov. g. 1861.
The money and paper market offered nothing for
comment to-day. Money is in abundant supply
! when we can note q deposit line of SIS 403 869-
the last return against SD ,948, 2S6, showing an
increase Of nearly s. 500 900 over the correspond
ing time last year, with 900 in coin against
$H ,05I 900 for the same time last year. Cotton,
however, selling last year at the rate Of 900
to $4,000 bales per week. It will be observed that
the deposit line of the banks increased last week
nearly sl,0Oosoo0 There appears to be a much
larger collection account this season than last.
Last year this item at this date showed 81, IT'S Os7
against 81 s529. 43s, the return of yesterday not
withstanding the withdrawal by the agent of the
Northern Bank Of Kentucky Of all the exchange,
notes and accounts of the quasi Black Republican
concern held against Southerners. Some Of onr
banks have opened accounts with the most promi-
nent banks ID the Southern Confederacy, which
has in all probability led to increased business
which heretofore has been conducted through
transient agents those ubiquitous merchants, who
have their counting rooms either in their hats or in
some obscure lodging where it ID impossible for
our tax collectors to ferret them out, and compel
them to contribute towards the support of the
State.
The movements in stocks consist in the sales Of
&0shares Canal Bank at lis, and several parcels
of City Railroad at from l6GtDl65. In bonds we
do not learn Of any movement worthy of notice.
Saies5of silver coin were made to-day at I1501il6
up to lis, and gold ranges from l23@l25. We are
entering on the era Of another great paper eur
rency. individuals Of all classes are now issuing
their pasteboard bons tickets for all sums under
one dollar. What has become Of the half dimes,
dimes and quarters OF dollars which were so pienti
fui few weeks ago, is a question often put? They
have not gone into the vaults of the banks The
Postoffice Department led of in the ignomnous
currency which Is now the curse of the country.
This department commenced issuing pasteboard
bens Of l, 2, 8, 5 and 100 each, months ago.
Therefore, every Individual assumes the same pre-
rogatiVe, and has the same right that the Post
master has to increase the volume Of shinplaster
currency. In the meantime, the Confederate notes
are gradually declining, supernduced, as it were,
by the action OF the Government officials We cam
not have two currencies, as dimnntiye as may be
the requirements of the Post-offlee Department
The movements in exchange are limited The
banks which are drawing, or selling sterling ex-
change, ask 1873. Outside transactions range from
122aGDt23A. II is difficult to ascertain what pay
meuts the South has to provide for in Europe tx
yield to these high figures. The Confederate Gov
eminent may want few thousands of pounds. Ii
inland bills there are very light transactions Sigh
drafts on Richmond and other Southern cities are
taken at from 2@29 oct dis. In the meantime
there appears to be some attention attracted to
Baton Rouge, in regard to the financial recommen.
dation Of the Executive. Tie impression prevails