New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-04-07
.eKsscksr orr nd NJ. 4, Comp 5 81

out the country. Where are the seven millions Of
dollars Of the issues Of our eleven banks,is often
asked. II 8 debtor goes to our banks to pay his 4
debtedness, does lie offer the notes Of the banls
Not at all. They are kept, it is said, forersiny
i days, Troublesome times, If the times are not
rather troublesome, and days, Alphabetically
speaking, are not now rainy, we desire to pro-
pound the question when the advent Of those times
and days are to arrive or be realized. The banks
are paying ont specie in small sums to the volun.
teers The action Of the authorities has changed
the dealing ID gold and silver, aud our currency
may now be said to be equalized. The notes and
issues Of all thesoiyent banks in the Confederate
States are received on the street and in course of
trade. Though our banks do not receive any bank
notes outsof the State, except to assist the COM
munity they receive the issues Of parishes and in
terror towns of our State and some Of them extend
their Hberality SO far as to receive many Of the
multifarious issues Of shinpasters Of individuals
III fact, they implicitly give credit and standing
to' many issues which would not otherwise be at q
tanned. We note that one of the free banks has
not had dollar Of ts circulation paid into its till
this week. while its deposits have increased SIS,
oDO and $22 900 Of Indebtedness paid in but not a.
dollar in it's own notes. The return Of the Ores y
cent City Bank at the Board Of Currency confirms
bank il tie city but What willingly receives its
own notes Id aynent. The question is, where are
the seven millions Of dollars Of the Indebtedness Of
our banks The free banks are DESTROYS Of OBJ.
tanning their bonds and securities now in the
hands Of the State authorities. They desire to
retire their circulation. Whether the warhawkst
have the control Of these issues it is difficult to
ascertain, but the presumption is that q good
kali NP
tucky and Missouri, and . large amount in Texas.
It ID the received opinion that as our banks have
acceded TO the desires Of the Confederate Govern
ment, ID receiving the notes Of It's treasury that
Dealers brokers ind hoarders particularly those in
the country, have deprecated Confederate notes,
and are awaiting themselves of something more
than 81 ordinary ago in exchange IT IS only a;
few days since that in this city, yea directly here
in New Orleans, parties were advertising bank
notes for sales # very reasonable to conclude
that these notes were Of our city banks. This was
q very bold attempt to make an agio at the ex
pense Of the credit Of the Confederate Govern.
ment Ok
The action of our authorities under the mandate
#of MARTA law has brought forth 81 remedy which
commends itself to all good citizens. The running
of gold and silver to 50, 60 and rs pct. premium,
The movements in produce for the week show a
falling off from last week. 10 fact, the sales OF
sugar and moissses have been less for the week
now closing than for any week during the season
they only reach 1900 hogsheads Of the former
and $500 barrels Of the latter The sales for the
corresponding week last year were 1000 hogsheads
go one $500 barrels of the other. The sales of cot
ton for the corresponding week last year were 3d.
bp al ha S,f gI1s for hn
sales this week are assumed to approximate 1000
bales, q good share being on plantation and for
future delivery, say at u Csc rather low prices
while, il ID the warehouses in the city, it would
command 81 @loac.
It's, however, idle To have recourse to figures at
this juncture. The cotton will be destroyed on
certain contingencies arising. AS money is very
easy Of access, parteaof responsibility, bold and
dashing operators, have no hesitation in moving,
particularly when all transactions are on the basis
of joint adventures. ~
III In the wholesale and jobbing branches of trade,
embracing groceries, drysgoods, hardware and
clothing, there have been some light sales. Some.
of the grocers have sold . few hogsheads and bar
rels Of sugar, few sacks Of coffee, and little salt
during the week.
: The great dry goods trade is one Of the things
that were, though few bales Of heavy cotton os-
nabnrgs, and some few bales Of cotton are called
for. We discard the word Lowells Of Lowell cot.
tons from our ocabnlary and review.
The appearances are that we, that is, the South,
will not suffer seriously for dry goods this season
though there will be q scarcity of many kinds
great share can'be dispensed with, and double or
triple prices will not be recognized by buyers and
consumers, because thousands will pass the crisis
under course Of retrenehment which will astonisl
foreign manufacturers and workshops who have
for many years realized unheardo of gains out Of
Southern hberality and Southern trade AS for
the great hardware trade, there does not appear
70 be any surplus Of stocks Iron pots and kettles
are wanted, and 90 are tin pans and tin cups, and
stocks are running low. As for fancy hardware
and honse, furnishing articles there is no inquiry.
/ The shoe trade is controlled by the exigencies.
Leather y IN demand, and boots and shoes com
mana most sx ordinary prices. But remedy
VIII PC applied, that is,Sthe Inauguration of home
manufactures, 70 addition to those which have
already been established and believed to be BRO.
crossing, with the best Of prospects .N 3ss
| The local, fancy and retail trade Is one. az The
things to be remembered. True, orinoline does
show forth occasionally on the grand boulevard id
something Of its former gaysty, pomp and gorge.
BUSINESS, but the course Of retrenchment appears
to be favored BY most of the deyotees Of fashion.
The money market has been daily reviewed and
commented on, and offers nothing for comment
Intervening. Good mortgage securities are Ia re-
quest atfrom 1Qs, up TO $ Co., per apnam. Con,