New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-26
ssIeln OrIealts Hlollell Hlarket.

f,,.r,r,- 49,,
4 "Wednesday Evening, septg25a 1851. :
x There was no movement to-day in the general
paper market worthy Of notice. At the counters
Of two Or three Of tie banks were continued calls
for small notes. The Bank Of Louisiana commenced
~ pay out its small calls for them were
beyond the supply. The engraver is pushing on
with all the speed at his control, but cannot de.
v liver more than certain number of impressions in
Y twenty hours. WI urge OIL the public to keep
will be sufficient change in few days.
~ #il he discovered that the boarding of change
will not pay. From the excitement regarding small
change, it might be supposed this world was COM
ing 10 an end and people were ambitious Of having
a coed supply to enter the next with, just simply
showing the Righteousness of all the cry IN regard
to small change. Remarks are made about the
bHghers buying up small change. The dealing in
lnoney Is, as In ether commodities, q trade. Mr..
Jones, We will call him, his few dollars in silver
on gold, and be thinks he might turn penny by.
going on Camp street and offering his iross for
sale. He steps into money dealers office, and
asks what he will give for his merchandise Or silver
y the broker trades for it, well and good After a.
!. while in steps Mr.. Brown, and desires to buy 80
n much dross, and asks the price, The dealer or
y broker says so much, and possibly bargain is
struck but this next thing we hear such dealer is
shaver and harpy. Now gold, silver, bank notes,
treasury notes and individual notes are Just al
much articles Of trade ana merchandise as cotton
sugar, fonr, pork, dry goods and clothing. all are
regulated by the immntab Bile laws OF supply and de-
mand. AL for the money brokers Or Camp. street,
they are glad to realize from 3@3 get on all their
transactions. They have not the capital nor means
to give any influential control to the general money
market The traest way for those parties who have
such holy horror Of the brokers is not to go near
them at All, and that viii obFiate the remarks we
are greeted with daily about the brokers. In the
meantime, il will be best for those parties not to
rely on fhe outside shayers and sharks, (who are
pretty well known) and by whom they will get es-
sentially skinned.
q There was nothing done in exchange TODAY. |
Sterling il held by the banks at from lleQ5ll and
outside rates are nominal. "A mail was made M |
to-day for England ~ which undoubtedly caused the
slightly eased demand yesterday.
From TIE Memphis Appeal Of yesterday we take |
the following The suspension Of specie payments
bs our banks has had most happy effect through
out the Southern Confedsracy. We have now an
uniform currency and one standard If people are
sosimps exchange il for coin to go outside of
the Confederate States why they can submit to the
loss
IN MEMrHIs, Sept d 1861.
the increasing feature id business circles during /
the week has been the effect of the suspension Of /
specie payment by the banks Of New Orleans
Briefly referred to I'D our last report Az artiei.
pated, the result thus far has been material re.
dneten il the rates Of exchange between the two
cues, and general depression Of business III the
Hour and produce department. 1T Ii NOT probable,
however, that the full effect OF the movement has
yet baen realized. II Is presumed that exchanges
which have already fallen from 1904 $gct win 90 i
Still lower, and that o liked rate once obtained
SsoHthern purchasers and shippers will res,lSae
operations, and the trade between our city ia
New Orleans resume itsg wonted activity Gold i
cGntnnes hrm at Is, and silver IL s8et, premium Il
seilihg rates. The market for cotton and tobacco
pae exhibited no change worthy Of note Wheat II
cern I ana oats have been moderately active, with
NJ ssasanclng tendency in prices. while hay bran
NV III feVenoer general y are quiet and unchanged
= ns,ase conultlon Of the market for groceries
q ~ LINDA, provisions, bagging and rope, salt f.
ETC., as well as Of the minor articles If mercban
c,ses VIII pc tand duly noted Id the details below Il
sGoTToN.--Thes demand has again been ,cnnf;nad f.
70 ming Of fnanufactGrertH orders and tho 7aolas
sam up only 2Gl bales, including Syict M;SSI;nag
which was taken at 1Ue The market IL stillafa3n,
irregular for general and We again omit
COTTON sTATEMEYT sp ATEssFNp
Stock en- hand Sept 1861, faYss Z, ryt
steeeiyed pas. week i,o.N
lteceised previously. 80
iss Total. i. IS. 40 go
Shipped past i'll 1929
Stock hand tbs dase III
sHIFarsTs OF COTTON IRON MEMPHIS
Nav ofe Fen week i, Since Sept. ~
Interior points g, ....,.-. 50 ISL
Total ,ss.s.. l0f 500