New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-04-04
Atlp 0lltslss Alpatna alHktt.
cEEscEsr orsfoE. No, 40 Camp street.
Z, n - Thursday Evening, April 8, 1862.

stet 5'1tfasss ssaassolse9s ssss 'fe. we
onEscsEr oss,or, No g Camp ann; stree. t ssse
4 no money and paper market to-day was some
Ming Of real nonentity. There were some nego.
cations astir for frstclass mortgage securities at
he rate Of /, and Vet. per annum, that Is, one
yearsat the rate Of i Oct, two years des. and
three pears got In respectstw We did not
learn of q negotiation. Bat what is the theory ~
money? What is the use Of it, some partie. y
sense inquire? 1t is nothing more than " sslp
or FORM Tie representative Of comnodit #nasa
the course of commerce and trade s.sumes. ~ "
never learned Or any individual, ~ Whatesei -.
d standing ID society any mo1e moasy
L snnpnsed il ID somethg Of q entatlVe ols
va,,,ss. which Ne. il sSrsss 90 not cal nto cues
tion ma ,onnau Ill this moment, durlng the
c,is;s no,.5 ;rons4dding, b yalneless commodity.
m srnh,;c ,xstitutions have an abundance over,
"A hna,.1st nos u nse i for the want OF sound
and geyd borrowers. - ss+sss:.s 8. sss'
M "a minated III our last issue, Of two OF
~ hanks stamping their. issues redeemable 10
notes, was carried ont to-day. tits
carrpitR out suggestions to place our currency on
~ eatalityy and through the action Of the
Marshas, To- aanalize the issues Of our banks with
Confederate notes. It has been suggested that the
issues Of the city corporation and the Treasury
notes Of tie State under the 81 GOO eco and 81
900 issues might be stamped in the same way.
The city authorities are allowed to issue 81 600 900
which are to Be received at all times for taxes and
dues to the city, but not 70 he reissued. AS the
Issue has been granted, otherwise protected I'M
piedly by Legislative enactments, follows these
notes can be- reissued, paid ont, brought into en-
cuation tha sane ~ Confederate notes. Why not :?
These notss are boarded the same as gold; how to-
keep them in circulation is tic question asked. No
other wsyeis presented than that they should be
stamped, redeemable in Confederate currency.
The State Treasury notes are redeemable and,
payable twelve months after treaty Of peace with
onr enemy. We do not discover thing to be
gained BY putting these notes in old stockings or
id side drawersato await the good time hoped for
In fact, when the good tinle returns, all our cur
rency, by the laws Of trade, Willie on an equality.
W Since the suspension of coin payments by the
banks, the Bank of Louisiana and State Bank have
issued about $500 900 Of notes under the denomina-
ton Of fVes The city authorities have issued about
1850, 900 fRes and tensx of seyeral banks have
been divided, and yet none Of them are returned
to TIE banks, either il the way Of deposit or pay
meH Of dues. It may be well enough to under
stand that the small notes Of the two banks issued
since the 18th Of September last, are not redeem
abl8 il specie. n il useless to stow them away
under that rs gs.s ssis
There were no sales Of bank shares. bonds 81
anything else reported to-day. As for exchange
the transact tons were too limited to command any
notice. 9sss..-.
We append below an extract from a Liverpool
circnlar Of The tobacco trade il England for tbs
year 1851. The stocks on hand for five years past
nnal abatement Of the cotton trade
The liverpool market has been very inactive
during the past month"; but there Is no abatemen,
Of confidence in the maintenance Of prices, ID
shown by our quotations. ~ *
With reference to the stock on sale, il may be
observed that if Virgins continues compelle,l te
deny use her final supplies, our stock must bt
coming very near to- exhaustion. 3lhe aggregate
stock Is almost identical with that of last year.
IN the supply OF hometrade qualities beits
Ascounterb alaced by excess in Kentucky Leaf
I Maryland; o good deal of both of which wou,
j probably not have come to the market at all bu
for the peculiar circumstances of the times an
the same will haHesto wait for eventual dtstrputlo
i From the statistics accompanying the circula
We deriyesthe following: 's9 S1'
The estimated stock on sale IN Liverpool, in
cluded 418 Virginia Leaf against 6l0 on the 3lst
i December, 1860 and Tl6s do Stend against 202t
in 1860. The stock Of Virginia Leaf and Stem'd Of
II th635lsE OF CecemDer, IN js0ndony was 1915 mas
\ against 1871 for the same period ID 1860.
The quotations in London for Virginia were 43@
"a for Leaf, and Oi0 for Stem !; in liverpool
64@ for Leaf. and lG@l4 for stem,d, against Az
orLeaf, and 8WlOz for. Stemd, on the 3lst O
Il December, 1860. y
Stock Of Tobacco IN Europe, Dec. 81. s-srs1
i 1S6la& 1s6Dsg ls59 1885,
ssss !, d sssRRs Us 70 IS So
SIS $3.50 400 $50
spain P /, and G. ooo 30, -, ii
Great Britain 40 4ssss ssso y
Es9t - 3 e. 60. 54I 81. 1874 n. l89 AZ. ~