New Orleans daily crescent., 1859-05-30
ash 0rltans 9ailu Grtstent.
MONDAY MORNING, MAY 30, 1859.
Ysb Orleans N!ontg Mlarhst.
CRESCENT oyr1cr, No. 10 Camp street,

i
CaEscEsr oyvIcE. No. 10 Camp street. I |
Saturday NigIt, May 2s iss9.
The general decline in business, applicable to the
season Of the year, has been marked for the week
now closing with greatly reduced stock Of cotton
very moderate supply Of tobacco and limited quaint
ties Of sugar and molasses, and only moderate re-
cepts Of Western products in market. 1t il not ex-
pected that we should have large transactions, call
ing for great sums Of currency TO review this evening
The week opened with gladsome indications in cot
ton which continued until the arrival of the Asia at
New York on Thursday, with the weeks accounts Of
the Liverpool and Manchester markets up to the
I4th. These adyices were regarded as unfayorable
and being preceded on Wednesday by the announce
ment of heavy failures in New York and Boston the
general market, without taking into view the advanc-
ed period of the season, has been more or less inu
enced restricting transactions for three days past
and closing to-day under great quietness with some
trepidation and sumises that the next advices may
add to the listessness and quasi depression now pre-
yailing. We may as well make up our minds, or
those engaged in commercial and financial pursuits,
particularly those who are connected with the Euro
pean trade for alternate accounts of variations de-
pressing one day and encouraging the next. We need
not expect any regularity stability in foreign mar
kets during the continuance of disturbances in Eu-
rope. Nor do we regard the prophecies and predic-
tions of brief war, long war with any conside
ration As for the numerous letters written on the
other side Of the Atlantic or purporting to be writ
ten near the scene Of hosttes very little reliance
can be placed correspondents or letterwriters
will be admitted within the lines of the begerents
therefore, it will not be safe for operations to be
tered into, based the political attitude of Europe
The season is far advanced stocks of produce so
greatly reduced that investments requiring large
facilities can be entered into, though there are OBJ
ects which will be attempted to be brought before
spectators worthy of note. We, however, remark
that it will be polite to remain idle. True, tobacco
appears at present to be safe for those who are
acquainted with the of the trade and satpetre
and birthstone are undoubtedly safe articles but they
not within the range of the trade of the Crescent
City. The Bostonians monopolze all the sulphur
trade.
The stock Of sugar in Cuba is reported large, with
dropping market, which, with rather unfavorable
accounts from Europe, the Northern markets have
been affected, causing reaction local market
resulting in sales during the week of both sugar and
molasses at lower rates than last week. The stocks
far reduced that forced sales are not expected
In the meantime, paper based the growing crop of
cane is in good credit, and all reasonable amounts
anticipated at s, SHOE Tact.
The general wholesale jobbing trade has fallen of
course, to the warm weather summer order. There
have been some traders or dealers in the market dur
ing the week, and with the many facilities of speedy
and direct communication with most of the interior
more or less sales of merchandise may be going on
through the summer. In the meantime, the residents
Of Northwest Louisiana will promote their own inter-
ests by pushing ahead the Vcksburg and Shreveport
Railroad. We shall have direct intercourse with all
parts of the great Southwest excepting the flourish
ing and advancing section of our own State bordering
on Red river and tributaries.
The local and general retail trade holds on as well
as usual at this season. Many of the merchants,
dealers and traders of the grand Boulevard Canal,
Royal and Chartres, are preparing for the annual
hegira to repenish their Stocks but it is hoped they
will be careful and not purchase the cast off fashions
and rejected merchandise of the snobs of Europe or
of Northern markets. The impression prevails that
the retail trade this city particularly in dry goods
and adjuncts has been very profitable this season.
During the week there has only been a moderate
inquiry for money on the street. The banks have
had as much paper rendered as they desired. With
some of them the offerings have been much beyond
the receipts, yet no real legitimate paper has been
refused unless the parties have had their full share
of bank facilities, and though the bank active
ment for the week shows decrease in discounts,
yet the aggregate exhibits increase in loans and
discounts of sl2l52 An increase in loans on stocks
is observed of 100000 at of the banks which ex
plains the expansion collectively for the week. There
has been loss of coin of $4sl COO. A shipment to
London of s274 600 in silver covers part of this de-
crease, with shipment of Mexican coin to NewYork
and the requirements for travelling purposes, ac-
counts for the balance. Exchange on New York has
not advanced to the specie point