New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-03-17
Arm @rlealls Nloteu sflarAtt.

SATURDAY. Wight March 10, 1872
Y The most important financial movement of the
week has been the favorable result to the propo
aals The loan Of 900 600 authorized By the City
Council through the Committee of Safety, which
!; was promptly taken, though o large amount was
\ covered BY one Of the old banks. One Of our in
H surance companies took q couple of score of
thousands. Nearly three hundred thousand dol
4 lars were taken at arange Of premium from one
tenth fe,st. to get. premium say $4,000 by
ono party at this figure. The subscriptions we're
divided among thirty Ave contractors the Citizens
Bank taking all that was left. Since the close Of
the Hat other parties have been DESTROYS of parti
cipating ana have been received into fellowship.
Another important arrangement in behalf Of the
n State has been closed.
lJuder the act of the Legislature, approved the
25d January, entitled an net to raise money for
the State Treasury, authorizing the Governor TO
borrow 81 600 GOO two millions Of which are to be
4 raised by Tho emission Of Treasury notes.-the
600 horized to be raised by bonds Of the
\ State have been taken, chiefly by the banks-say
300 by the Citizens' Bank, 81 900, 600 by
HE Lonisiana State Bank, SIS 1000 BY the Bank Of
II Lonisiana, the balance by the free banks and
rome outside parties. 1t will thus be seen that
tlle State authorities arc in position to meet the
4 mere The very great redundancy Of unen ployed
maMey enables our principal banks to sustain the
anthorities without Inconvenience to the public or
their Stockholders in fact, the filing up of these
leans il q manifest benefit to stockholders There
\ is no demand for money from outside. Stock
holders will be expecting the usual half-yearly
Sdiyldends, war or no war !; but they ought not to
\ bA expecting any for the coming July. We sug-
hare any surplus or funds they cannot do better
than loan 70 the Government.
The five million loan, which we shall style it,
alluded 70 above, bears s got per annum interest
Special legislation has secured the payment of
both interest and principal by tax Of 10 to 20 cts.
per annum per one hundred dollars on all taxable
properly. For the special payment Of interest;a
NIX u tenth Of Vet. il assessed on all taxa.
NH property, according to the assessment rolls Of
1851.
IN the general transactions for the week the
movements have been extremely light. About
$500 hogshead d. Of sugar have been sold at prices
that viii not pay for the cultivation thereof. The
Hales fpr The corrasp onding week last year were
( 6eoO shogsheadss The sales of moasses for the
corresp onding week last year were 1000 barr els
sgainst 1890 this week.
The interruption Of intercourse with other States
of SO far as the transportation Of
produce II concerned, operates, most seriously
against the sugar interest. in cotton there have
been some few transact ions, amounting in figures
bpnt $50, 900. The sales for the corresponding
XXX 4 last year were 46 500 bales. In Western
or what were termed sach, say flour,
Sxps1l md meats, the movements have been con.
SAned ~ merely daily consunption--a hand-to-
month demand. Prices, II not already attained
siatpe prices ne rapidly tending towards them.
aoiiaEa for Al single barrel of -four con.
lhsms seur pre yIous remarks that the abundant
yisld8p cereals for TIE year 1851, 90 boastingly
msds ~ ihe country Journals, terated and re.
had no gfoandat in fact and have en-.
sconsageds consumers articuiarly our community,
hopes that will not be realized. II ID
charged that contentious and disagreements be,
tween Two or three railroads connecting III Ten.
sDesseest giniai and Alabama have had much to
witl The iessened receipts the very short sup.
plies Which now stare ns directly in the faee--of
sthe sapposed heavy crops Of last season.
~ tho Obbiag, Wholesale and retail trade there
~ been no improg cement. The demand for y
assvy cottons and some kind Of woollens, particu-
larly hapksts il undiminished. As the article Of
I Riensess seaAaot be supplied, recourse must be 4
to cotton fahri ,The grand boulevard,
eanal, md rs GODS palaces, though tolera.
nv well crowds IN days when the sun shines,
give 40 Indication for any demand for crinoline.
millinery and sos forth Id general. The advance
Price IL many articles Of staple dry goods pre-.
vents purchases. AS for silks and general tor.
geFg Of Sthe workshops of France, BeIginm Ger.
laanx asa the syisa Cautions, they are deemed as
tslldgs ttias wets,and tho general deprivation Of
niepca: fact our citizens, the fair sex in par
ticalsr are learning day after day the blockade
u rendering us nm Independent nation. True,
thste are some few devotees Of fashion,
Inclined u bisfn who bsWal the present pa.
stioa ~ affaits, Iasy viii, however, yield thelr
cd and oeiatiols AS the great cause Of
S0nthefn indeH sndence progresses. vi
= 10 say that no have money ana paper market
90 review for this week would be q waste Of time
and Horda. There l. no commercial paper maxi