New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-20


AbsYarce uf fhe future course be Great Britain
i'm 81 con iectare and SUPP tons. The policy
sadspteds by the prudent and wise months ago
should be adhered too The idea that England and
III coming 10 our relief must not be enter
taikea Without stronger inaications than are now
before IS, and even If our commercial community
would undertake to do some little business, they
are MT with atntes, ordinances and edicts pro.
hibitng sl transactions III our chief staple, with
tons b str onger measures being under com
alteration The authorities. We must dissent
silst III thess restrictive tendencies. Accord
III u ths course u onr slators shall soon
~ deprived NJ an camille leges. hope
for more tensd views to close the proceed
ingsof the present session:
m oTe11entsf tot tfie week Id the great staples
suysr and molasses have been restricted from the
Nsnt 81 fsciities hi ion. Nevertheless,
haFs been in excess Of the CORES.
pcnding week lastt year; when both Northern and
Testsrn buyers we're lInl The market. The transae
lions thiz Mcsk hare been 1000 hhds. Of sugar and
I4500 bblz. AZ ainst $500 hhds and II 800
sbbls. same week last year. There ~ some variar
don h prices, Yet ths quantities sold more than
make ID M deficiency ~ price. There is not the
least ndicatians 81 Any money press anaeng the
Sngax 0f1etat ofz. Sss
u ma jobbing ana wholesale trade moves along
sysry quietly. There all ssome buyers IN market
IRON Tsnnsssee Mississippi, and occasionally nom
sinis. They come here to buy sugar and molas-
III IND While here they look about for other
ktoakss I'd long that ID for ldany years, have our
Ij6bherS been depending On New York for supplies,
ana dur N holesale dealers also making their i'm
pcrt sons through that market that no eneour-
agAmSntsas held out fol the trade Of the Southern
6tasess The credit system, through New York
bankera Was, TOD strong, too powerful for Us here
n the Crescent would he an interesting
volume ~ peruhe 10 know how many millions Of
dfy Gods have been imbof ted from England alone,
End s6ld The great South through the house Of
Rroans Tiers y co, Of New York. The trans
sctlonss in this branch Of business of this firm
AZ nigh most of The cities of the Sonths
Here, a New Orleans, he dry goods importations
Fefel ight. That great branch Of commerce was
rohaged VI New York and one d two other North.
seEA HefS their credit letters were confined
"a the Iapo tAsion Of coffee ith now and then q
alcnttA: III East India me rchandise. II Il
tncnanbant Oh cnr eading erehants to
system 81 credits, uhich has been the
~ e. of building np NsM York and Boston, and
siy1n IL Hhiledelphia al INIT position among
~ gains and advantages derived from the trade
I a1aa Nith no Direct trade. WILL Of
cotaIs feliov thas ending of the! war. Much can
: p Aene ths true Ibriing forward il.
cipienk hut Al iaaus VI ten IL dfteen mil
ons af aollafa0 alias cotton loans
and sugar loans M not bs Eeapired II carry out
the anggestions
rue general rstzi trade II much ourtailed, Yet
ths ato0Sa of disc appear to BID we'll main
tainsd particuiarly among The spacious palaces on
I Ne great boulevard. II does not require one
th0uaand dollar bank nOte, q wagon load of cotton
q double dfay load Of hogsheads Of sugarto EN-
ablA the suhje cots to maintain their
stAading among The disciples of the eyanescent
ihion The general aberdsshery trade
i also feels effects of te hut lie great pub
4 ~ d0es not iutiaf thereby. 15.sss
The money and paper mark offers nothing for
\ comndent thh night, There continues i demand
for mortg paper, and such based on productive
city property can hs placed ii lower rates than At
my time during tie past twelve months. FIRST
! class securities Of this Kind are wanted. Unfor..
tunstely for capitalists, those who can give mort
gages o. character do not appear to be in the
! market aa borrowers. or commercial paper, nsre
~ none ana dealers il this class of seenri.
( hes, u psy rent oltgcings, MIL have to fall
bkck sonH theirprinctpa ~
The WeeIly retnsn Of the hanks to the Board Of
Currency today does not show amy important
than do III the line of de;
poaits hteh ii eyidena of continued accumulation
If unsmpleysd money II hoped that all this
money u oWned here that there Is 10 covering Of
i for alsn sheInisss Ihe specie line shows some
!. yeductons ME loan 81 ths Confederate Govern
aa Met been passed 70 ia credit. ii Is, how
eyef, fsa exception Of ono old bank,
rs action u whic delayed Til full board Of
~ directors can be yeped which, III sup.
posed; VIII 81 during The cnrT4n week,
The changes ii The moyenenla for Tie week
have been I.
decfeasein erecte q. ~ S6S
increase III deposits proper 629S95
An increase 10 lpans Of. 2f5SG3
decffRsA aNochapge of, 423
An tiersasa Ii distant hssnoes 2a4es "
for the week was an increase 81 9l9 81
The item Of ueasnry notes has been steadily in
creasing from week 10 week since the suspension
Of coin payments. The deposits appear to have
changed eniiraly ON coin to treasury issues.
Tss were s ss
Increase faetioh oserG q ssI
There has been some movements in exchange