New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-03-17

ing. As for mortgage securities, there are some
few originating from recent sales of property.
Money continues to accumulate. The deposit line
of the banks shows further increase for the week
of little over half million of dollars OF COURSE
it is in currency, which currency will, from some
recent movement in the Confederate Congress, be
decreed legal tender, The deposit line proper
Of the banks was to-day s26l27 ,l91, and 81 749,-
0s0 collection accounts sends the general deposit
up to nearly $40. 900 900. The disbursements or
paying out will, however, be large within the next
sixty days. There has been a decrease in the
coin of $40, 900, which has gone into the hands of
volunteers. majority of the banks have assented
to all demands in this way, giving coin for Con-
Tolerate notes, as well as for their own notes or
circulation when presented in behalf of our volun
teers.
The question of our banks, one and all, retir.
ing their circulation, is agitated in some circles.
II the coin would not go into the hands of the
sharks, hoarders and dealers, 1t would be ample
for all purposes. The course suggested, and which
was brought before the meeting of Bank Pre- ST.
dents last week, has some very strong grounds in
its favor and support.
There have been very few transactions in stocks
this week. City Railroad has been sold at 2OO@
auls opeluuSuS salllOuu Slos CUuio lCm Co
of Bank of New Orleans at par. There is nothing
doing in bonds beyond the new loans.
There is no exchange market, though small
amount of sterling and French exchange changed
hands at unheard-of rates, which, by the-bye. are
lever than last week. Sterling 155@l60; francs
3,1O@3,00. If parties, however, desire to place
their spare funds in France, where there will be a
quasi revolution before this year is cut or encou
rage John Bull in his views about the Southern
cause, We cannot help it. But it is suggestive
that these parties 60 along with their funds. They
are in the way here. The sooner they leave the
better.
We have been favored with full report Of the
Liverpool cotton market of the 1st of last month.
We have not room for lengthy extracts. We find
that the supposed reduction in consumption has
been oyer-rated. Nevertheless, the figures and
views before us confirm what we have frequently
alluded to, that the supply of cotton would extend
much longer than many of our factors commended
for. Money was abundant in England. Interest
extremely low. The bank rate was only q get
Prime paper was discounted at 2@24 get. pei
annum. But this is not SO low as in this market o.
New Orleans, for our capitalists have been offer.
ing to purchase good securities at their face with
out any discount, particularly that kind of paper
which bears interest after maturity.
The real consumption of cotton in Great Britain
on the lst February was only 10000 bales pei
week, against 5000 bales per week last year.
The total stock on hand in Liverpool on the 3ls
January was 900 bales against $50 900 bales
same time last year. The stock of American OIL
the 3lst January was alt 900 bales. Allowing so,
0C0 bales per week for consumption for Great Bri
l hov Nv 70 1oet 1oto Jrpo