New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-03-19
lliu 0fIea,.s Alontu Alarket.
# GHEscrsr OFFICE. No 70 Camp i.

5sss CnEsgrsr prrics. No. 70 Camp street,
Tuesday Evening, March Isl las2 y
III tone Of financial affairs remains unchanged.
An redundancy Of money perplexes the holders
Thereof; they do not know what to do with 1T.
retiring of the entire circulation Of our banks
4 lin debated ON. It Is plain that The currency of
4 fhc Confederate States is becoming abundant. We
are not aware, however, that it stimulates specu-
lasion to any great extent, only with parties who
\ sntsrtain the idea that the Government is q fat
goose and open to all who can pluck it. Very lit
III money I'M the shape of currency is required to
carry onsthe daily operations Of the trade of our
city Tia Confederate Government pays out its
Il, i. ives through its Treasury Department, which
ndsr the denomination. Of money. The
$3.50 q banks are all assimilated with the
<,s issued by the Treasury !; SO are
Il. ra,,,e, notes Of the State Treasury
49,, n i. sela 5, make up the volume OF
h % ysncy III exchange and = Arohange = aaly'
hsuaxctions according to the VS. - y solle oia
Y fnspciers Tie GOVERN paper mo 'ey' wnich
includes both The Confede issues and the state
si3suess III paid away and not returnable TO the
auers only under expressed conditions, Of rather
contingencies whereas bank issues are rstafnahia
IT once To tie banks, either demanded I'd coin,
lodged ia ths shape 0f deposits, or IN payment for
p0tss which may be- placed with them for collec-
Hon. II Il WsH understood that all the issues Of
3 oar banks are made to customers and the public
1 iii return for paper discounted, AS our banks
4hayesnot lnisuaad their circulation or squandered
their funds, their notes or issues should be con
siaere the same as coin ell over the gonfederacy
The business of the country may now be considered
III state of collapse. Cur courts have partially
adjourned, and do not enforce the general collec
lion of debts This " we'll, and corresponds with
the views Of onr people. True, there are some
sharks who would take the bed from under the
family of q debtor and then not be satisfied. True,
large mass Of creditors are enient and willing to
grant all extensions and indulgences History in
forms as that towards the close Of the last century
4 4 rebellion broke ont id the State of Massachu-
sets, the avowed object of which was to close the
courts az the State against The collection Of all
debts. This rebellion was suppressed with diff
@ entity. IN The value Of paper money is dependent,
may say solely on the quantity or extent of its
issues; therefore, the issues Of the banks Of the
city 81 New Orleans are, one and all Of an equal
value with coin. B5s555
It.was very quiet ii and about the banks to-day.
There wss something Of a demand for change on
tlIe part Of volunteers. This demand is readily
granted By q majority of The banks. The small
notes ofS our banks will pass current where our
soldiers ge The suffers of the different regiments
Of course, greedily absorb them. Even in
n Kentucky they will pass freely. II any of our
volunteers should be 40 unfortunate as to become
prisoners they viii require some little coin to pro-
cnre necessaries Of life.
There were no movements in exchange to-day
worthy Of quotation. The dealings in coin are
brought W close, Small sums are purchased by
outside parties The regular, OF standard dealers,
ars doing nothing.
There were no sales Of stocks reported to-day,
md nos change in bonds Opelousas Railroad
y Mortgage B0nds we quote at 100; Jackson Rail
road 9s@l0o; State Bonds 1o7 q IlO and 112 City
Z Consolidated 1856 no. The new loans are held at
premium. The 81. 900 State loan is not
offered or placed On the market. The Commits
sloness u the oldated Debt Of the city are in
ttlie market for tho purchase 81 100000 Of the
Consolidated debt. Parties DESTROYS Of selling
must hand In their tenders before meridian Of the
26tl, day Of the present month. Those DESTROYS Of
selling will of course, without thanking us for this
notice, make their very lowest offers. T.
The real estate marlet has been very quiet for!
some days past was n great crowd at the
Merchants' and Ahct sneers' Exchange on the last
" saie daY. The amount 81 sales was, however.
very light, considering the large efers.
4 {