New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-13

Afm Orleans Dailp Gresttnt.
MONDAY MORNING, JUNE IS, 1859.
Nem Orltarts Nlontw Nlarktt.
CREscEsT OFFICE, No. 10 Camp street,
Saturday Night, June IL, 1859,

SlRlU WIlRallS allUNRg aLlalRfl.
Saturday Night, June ii, 1859. |
Although the summer solstice approaching, there
is disincnation perceivable to close business If
our stocks of produce were large we should have
operations to review. 10000 bales of cot
ton have changed hands during this week, with trans
actions in tobacco to extent. Sales Of sugar and
moasses, and Western produce, embracing business
for the week amounting to one million and three
quarters of dollars which has kept in circulation
good amount Of currency and furnishing the basis Of
exchange dealings.
We have had intelligence from Europe by four
steamers this week, which has tended to keep our
commercial and financial community under quasi
velness from day to day. To-day the arrival of the
North Briton with advces to the LIST inst, was an.
nounced, which favorable for cotton, and fnan-
cially, as encouraging could be expected large
mass of war and political items coming over the
wires this evening" These items comprise the usual
quantity of balderdash, reports and surmses Among
the many, the most important to nanciers is the re-
ported removal Of the various banks and moneyed
establishments to the fortresses throughout Germany,
and that German troops concentrating in large
forces at certain places, (Mayence or Nentz) and
100000 French troops, denomnated the army of the
East, being at Nancy-the two armies will not then
be far apart These movements have not very
peaceful aspect.
The week has been attended with the usual dull
ness and stagnancy applicable to the season of the
year in all branches of trade. Most jobbers are en-
gagged in taking account of stock prepato to balanc-
ing books for the years business many to ascertain
how much they have made, others to figure up to
learn how much they have not made. We hope there
will Lo I,,,A
balances to the credit of profit and loss account The
seasons business ought to exhibit most successful
issue. The immediate circle of country connected
with our city has paid up well, purchased literally,
and it is fondy hoped the credit system has not been
abused or will be unduly appreciated.
There is very little to be said on the local or retail
trade. 1t has been good this week as could have
been expected for the of the year. fully up to
previous years.
The most active business now going forward is in
the mechanical and industrial branches. Buildings
going up in every section of our long and extend
ing city. Building materials are commanding high
prices. In fact, builders, mechanics, saw mill
proprietors, brick makers, iron founders and almost
every branch of mechanical art and industry, do not
appear to be the least troubled about the great events
and what the woudbe great warriors are doing on the
other side of the Atlantic. w.
There has been no press on the general money
market during the week The offerings in the several
banks have been greatlNbelow last week, and to-day
they were in the aggregate very little above the in
come. If our bank managers will at once discard all
kites and restrain local speculations, they will be
doing good service, and save their coin, which is
the most essential point; albeit, they have good re-
serves yet, they are gradually working down. The
cti nf in fbo
here to parties to be negotiated who by adding their
names, make it cityable, and discounted under the
expectation of being regular business paper then
the dscountees desiring checks on New York and if
not given at such prices, the coin will be drawn.
This practice at this peculiar time must be duly con-
sidered by our bank managers.
The weekly statement of the banks, as made to
the Board of Currency this morning shows contrac-
ton in general discounts and loans for the week of
S393,O6s, with yariation-that is, an increase of
pledges of stock The decrease in specie shows that
the daily calls, though limited are on the increase
The decrease loss for four weeks ending to-day is
over one and one quarter million of dollars, viz:
Specie in vault May a.. ..Sl5534I4s
Specie in vault june l4,240lI4
Total decrease 81 ,294o34
with some of our coin, but we desire our Western
friends to be cautious about making bills and for
wardng them here for negotiation and the proceeds
to be RENTED in Northern funds or coin.
The items in the bank returns for the week show
decrease in all as follows:
decrease specie ACKNOWLEDGEMENTS 771o
A decrease in circulation of.
decrease In deposits proper of............. 59gTI
decrease in short loans ...,...,,, 46 0IO
decrease in exchange sf................. 132373
decrease in distant balances 1881
decrease in general deposits of ........... 7IO3l2
The actual variation in long and short loans is
decrease OF S93Q65
The following the changes for the correspond
ing week last year,
A decrease In circulation NEUTRALITY-SUSPICIOUS.. S2227O
decrease in deposits proper of,......... l741t6
An increase in specie.
decrease in short loans. 49,. iO2 S3
A decrease in exchange ...................
A decrease in distant balances of 1896
The following were the movements at the Clearing.
House:
June 4h-amount Of balances cleared 1854 1871
Balances paid. OBSERVATION-DISCLOSURES. 1896 Q
une cleared 452
The new law works admirably. Though not
exactly Clearing House, according to other cities,