New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-13

aiata lang argument and debate We have only 70
sEgest ID onr eghators to pass the bank bills and
s Asast u the wisdom and sagacity Of our leading
eifisens, BARR mandatofs and fnanciers for a the
relief that viii be Re quisite. The State may have
secasion tp issne treasury notes 70 meet incurred
I MabilinAs, but there Is great deficiency between
y hall million Or million Of issues and the grasp
ing sndssulture bills now before the Legislature.
In The general commercial movements for the
week We hare to note! sales Of $500 hogsheads Of
4 sugar and X 900 barrels Of molasses; though at
slcW prices the returns will be remuneratiye. that
u, prudent sugar grower will find his balance
sheet for the season coequal. The sales Of these
Atcles for the eorrespo nding week last year were
40 hogsheads of the former and Is 500 barrels OF
sshe hitter. HfolIcHs then that from the sales Of
s&tse articles this season there il an excess Of re-
Trims over last year. The sales of cotton for the
week last year were 7s 500 bales and.the money
market ranging for factors paper at from 12@l5
md IS Oct per annum.
"a the general jebbing and wholesale trade there
h2ys been iisht sales; IN fact, the country seems
L I'd Be moving along with the ordinary stocks, or
fsfher of old stocks on hand as being ample for
1 Asmands. There are some few buyers in market
& hi virginia and Tennessee; they purchase can't
Vpsly. IA few packages of dry goods, with q little
q hardware, seem to- cover the extent Of their pur
#achases A systemof credits has To be introduced
md carried ont here before our city can expect to
atfraet large operators and dealers, "A great ma
4 ton Is now being formed, and in. developing its
ssat resonfces, its great and incompatible rich
ssnsss, due regard must Be given TO mutual conf
4 dence, a system pf credits which have built up
cther States and cities. The policy of the physio
Gratis WI not answer for the future prosperity Of
tLbnisiana: ~ ss IS ss i. N j
The general, local and retail trade offers nothing
sacr comment, The last eft the annual holidays has
PISSED. The grand boulevard, Canal, though daily
tArongsd does notwarrant the belief that the sales
tpr cnolinsdom are il d: ison with the excursions
ists. The local and fancy trade on the lesser
streets Royal ct Charities show large falling off
from last year and previous. In fine, the work
sAops u Francs must feel the total absence of the
demand ana restricted consumption of their here
t0fDra products, which have, in the way OF being
paid for, taken millions 81 dollars from the South
.west, and which Ia some measure has q bearing ON
apparent distress IN the cotton growing region,
and application to enr Legislature for relief in the
Hay Of an issue 81 paper promises, otherwise an
hIedeamable and bankrupt currency. 81.
d The weekly return Of the banks to the Board Of
Currency today show an increase in deposits. This
incfsase IN the general absence of salesof cotton
ndIcates - anomaly Of singular character in the
general moneyed position Of our community. AS
ae5are pretty sanguine that II is not, In the par
lnaee Of the day, broke, we must assume the other
1ileana, that i Is immensely strong. The increase
u dsposits, though confined TO treasury notes,
Asysrthslssa, must De considered the real repre-
seatatves u money. .ss
According to the return today the direct and
immediate liabilities Of the banks are:
4 sficuf 1s4n hifi "a 0ds Ok