New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-07-04
Aav Orleans daily Grsste aNonday orniag July A. 1853
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MONDAY MORNING, JULY 4, 1859.
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Saturday Night. July T. 1850. |
The week now closing has been attended in fnan-
cal and commercial circles with the periodical stag
nancy which prevails every summer. With some few |
trfing exceptions, the position of affairs in Europe
has very little influence on daily events. The pro-
gress Of the war; of course receives good share of
consideration among those connected with foreign |
trade With very low stocks Of our chief products,
no important action on prices and value can be ex-
pected at this juncture 1t will be observed that the
stock of cotton on hand (uncleared and ally is re-
duced below fifty thousand bales, which offers very
meagre basis for operations.
The foreign intelligence for the week is up to the
18th ult, brought by the Arabia at Boston, The
regular mail advices include the correspondence up
to the 4th by the Persia at New York. No effect,
neither for good for bad, has been produced by
these varied accounts, and we are moving on highly
satisfactory. Money is somewhat dearer, but there
does not happen to be much want for it, as all pru
dent and discreet merchants and traders have been
preparing for the present posture of foreign AFFAIRS
If they have not they ought to be.
Great activity and liveliness prevails among our
mechanics, artisans and local trades. There are
more buildings in course of being erected, more ex-
| tended repairs going on in others than we have
known for many years past and with the large pub
lie improvements, say paving, the present summer
bids fair to be unusually animated. General health
through the country prevails the weather is all that
can be desired for the growing crops and take all
and ALL agricultural and mechanical industrial IN
terests they do not appear to be agtated nor under
| the influence of war alarms. Commercially and
financially there is room for any important varia-
tion The season is about closed and locally, inter-
ests of trade and commerce cannot be much effected
by what may transpre in Europe The cotton crop
has nearly been paid for. Sugar and moasses have
been paid for. Tobacco will be paid for at rates
comparable to value in foreign markets. Financially,
there may be some few bills of exchange on which
clouds hover over But we have three months before
to prepare for the general resumption of business
in October, and the future Of Europe or affairs now
in progress will be fully divulged and all connected
with mercantile pursuits and finance will be able to
shape their course definitely. 5
The money market to-day was repetition OF the
every days routine for the week. The calls on the
banks have been beyond their income for the past
three weeks. Their ability to accede to all legitimate
applications remains free, though some two or three
have lessened the amount of their balances above
line.
The return for the week to the Board of Currency
by the respective banks shows a decrease in all
general items and movements. There have been no
transfers of Importance of gold to the Assistant
Treasurer, U. S., and the specie reserves are well
sustained and the regularity of the exchange market
will obviate any large demand for gold.
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