New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-12-30
Nttu Orlsaas Dailu QrtsttBf.
pEPARTMEryT COLUMNS
AeN Orleans IInntg stlatkft.

tsfests, were under the effects OF Intelligence from
Eurppe. During the present week. day alter asv'
the corafnunity has been RECALLED with numbehfess
ss;suatches. to which may be added later augsoes
from England; but We are no nearer q soiut'en o.
ire coarse intended TO be pursued by the shkee
Government or what Great Britain will 60, iran
we were one week ago. In the meanfiale' #e sss
gest that the policy and coarse Iaid no#n Wes 81
ago br our banks and mercantile comtuatey 70 !
continued let an the picket guards pc aohssaias
maintained, The var II far, very far, afofn APP
termination. Public authority has re-
;ndiyiSual desire to make large shipments
II hither Nothing has vet turned up indi-
s.afinr nat Ibis restraint and other restrictions
shonld III removed. OF course, there are many
parties who do not consider the interest Of the
country OF the Southern Confederacy in their am
bilious desires for speculating and investment. It
ii prudent, wise and JUST not to relax in the mea-
sures adopted IN September and October last--
either general political. financial and commercial
or social. In the course Of the coming sixty days
We shall have something more than ncertitude to
move on, We shall know the course to be pu-
sued by the Hessian Government, and fully under
stand how far they will advance IN the mean
time, there Will be some little business gong on.
Sugar and molasses will form the chief articles.
Il few thousand bales 81 Gotten will change hands,
ana be exported for foreign countries. Provisions
ana breadstuffs will maintain their present high
values famine prices they can aptly be termed.
The sales of sugar this week have been 1900 hogs
heads and 1900 barrels Of molasses, which may
BE- considered Az large though not to the extent Of
last week. The sales for the corresponding week
last year were 5000 hogsheaas Of the former and
1000 barrels of the latter, with the Western buy
ers and dealers being Ii the market.
id the general jobbing and wholesale trade the
sales have been light. There were some buyers
from Virginia and Tennessee looking round the
market early In the week but believing that the
blockade was about TO be broken forthwith, they
withdrew to await the tnmbling down in prices,
which, Of course, will follow when the ports are
opened; but we may ask, e when is this to- take
place ~ 5
Raising the blockade, recognition and open ports
will do very well to talk about. There are many
kinds Of merchandise that can well be dispensed
with, though some branches of trade may suffer-
yetthe desire to extor still prevails, but4he surest
way to cnrtai the views of would be wholesale
monopolists, is to refrain from buying, not going
beyond, as 1t were, hand to mouth purchases.
The grand boulevard, Canal, has been toerably
well througed from day to day for the week The
first of the annual holidays has passed. but brought
with it no desire or inclination for the usual ber-
ality and expenditures. The wants of our soldiers
id the field and camp have been paramount, and
nobly have these wants been responded to; and
Though the blockade OF ouEport has been in force
for seven months, a casual observer would not dis
Germ that there i any failing OF ia the stocks and
assortments Of merchandise, which go to make up
4 the heretofore great winter trade Of our city,
True, there has beena great falling off in the cos
mopolte traders and dealers the come day and
go-to morrow dealers, pedders and sellers by sam
pie. who have been fleeing our citizens for years
and years past even If they did go so far as to pay
for licenses The war has put a veto on this
irregular trade.
The general money market continues in q flush
state, that Is, there is an accumulation Of money.
II Ii only available to those who either do not want
to borrow, on to those who can furnish doubloons,
Bank Of England notes, or equivalent as security.
Our banks cannot expand for the present. they
have the law held over them for following the re-
COMMUNICATION Of the Executive Of the State in
September. They have large sums on deposit, but
dare not discount on them. If the general amnesty
bill becomes law they can expand but we are
not aware that there is any regular business at this
paiipg, except the cotton planting interest. Our
dry goods dealers, grocers, hardware, clothing and
concomitant branches of trade have passed through
the crisis without suspendng or failing, and good
share are SO fortunate as TO be, in financial par
lance. fush . that is, they are supposed to be.
True, there have been some reverses, some few
suspensions and still less failures; but they &C.
cur IN the most prosperous times; they have been
an addenda to commerce and finance from time
immemoriaI, and will in all probability pertain as
one Of the yicissitudes Of commerce and trade.
y Our Legislators are, however, in the course of
inaugurating measure, to be termed relief which
u one of the most unw se and impolitic that could
be brought forward. The great cotton loan pro.
jeet is one of those insidous measures which will If
carried out. absorb the very Yttals of the cotton in
terest. There is not q shadow Of doubt if the law
proposed j. passed, but what more than every
other planter will come forward to borrow twenty
dollars per bale en- his cotton. To meet the Con
fedesate war tax and the public taxes for the
coming year will require about 81, 100000. The
expenditures Of the State are estimated at 81 $685.
S25 II is reasonable to suppose that at least one.
third Of the.tax.payers are comparatively free of
debt not Impoverished; therefore, 1t will not re.
quire ten millions Of paper money to carry the
planting interest through, and by passing the two
bank bills now before the Legislature, the banks
Of cnrc city can give al reasonable relief in fact
as much as would be required. We hear great
deal said about plantation supplies, but really if
wv war continues, our planters can provide them
selves, from the contemplated change in crops,
with the greater part Of the necessaries Of life.
The weekly return Of the banks to tie Board Of
Currency today show an accumulation of money.
There is an actual increase in the deposit line pro-
psrior the week Of s473 1854. There has been an
increase in the specie reserves, which is owing to
TIC pnrchaseehy the Southern Bank Of $40, 900.
The line of discounts show very little variation
The amount treasury notes. 1t will be perceived,
0yertops nine millionso of dollars.
The following are the changes for the week:
Anincresse in specie Of. $50
~ inrtease m circulation af 1850
an increase IN deposits proper Of
An increase In short leans 8S
e A decrease Id change abia
a decrease n distant balances off,
The yal aa IN long and short loans for the week 4
e
II may be somewhat arbitrary to compare lie |
movements for the corresponding week last year,
particularly when the sales Of cotton for the week
ending the 2stli December 1860, were 60 900 bales,
throwing into circulation a large volume of cur
rency Or money, So styled.
The Iiaogeitensa for the week last year were