New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-14

Nth @rltans 9ailp Grstsnt.
MONDAY MORNING, PEBRuARY il, 1859.
Nsm @rItans Montu Ylarktt.

| ,
MONDAY MORNING, FEBRUARY Il, 1859.
gsu 0rlsans Nlontu YIarkit.
Saturday, Night, FEB. IL 1859.
We are now at the acme of business for the season.
all the branches-produce, merchandise,
paper, exchange, and money. The weather has
been favorable through the week for all transactions.
True, our great staple considering the large supply
in market, has been rather depressed but that has
been owing to the various views regarding value |
the sales for the week exceed fifty thou
sand bales. In other grand adjunct, sugar, the |
sales reach 1900 hhds and Of moasses, 900 bar
rels. Tobacco still continues under very dull feel
ing. In Western produce there have been the usual
transactions The trade with Red river, Texas Ala
bama, Florida and Georgia being fully opened, with
the usual annual demand for these sections being
excess Of last year. Many planters in securing large
yield of cotton emitting the great appliances Of pro-
visions. There has also been good demand for
Cuba, and the exports for that Island large for the
week. In foreign merchandise there have been sales
of coffee to the extent Of 5000 bags, and
goes Of salt The business at the Custom House,
though large, exhibits falling of. The amount of
duties for the month Of January only $l90, 900,
OF course there has been little demand for gold for
Custom House purposes, and some advantages accrue
to payers Of duties by using treasury notes. The
operations for the week have required large sums of
money, and currency has been freely enlarged in
amount.
In the obbng trade of the city-that is, the quasi
wholesale dry goods, hardware groceries and other
branches business has been active and sales large
-.
tie for remark far the great representative of
cotton and commerce, the dry goods trade is
ed True, have importers Of entire cargoes Of the
productions of France, wines and liquors, etc., with
many importers of fancy goods, as well the great
Rio trade But propellers and steamers weekly with
large cargoes are lacking In this respect trade
is paying tribute to New York. and the question may
well be asked when shall we have lines of steamers
between our port and Europe?' The local, fancy,
and retail trade Of the city continues good, though
there is some falling Off As there are not sufficient
hotel conyeniences to meet the large number Of visit
ors, they who do come make brief stoppages, and
general trade is greatly crcumscribed thereby. The
jobbng interest will also feel this inconvenience In
fact every branch of business will be more or less
effected. The splendid steamers, which bring the
many thousands Of visitors, are prohibited from
being converted into boardnghouses or hotels as in
days of yare.
During the week we have had only one arrival
from Europe. This was the Asia, which arrived at
New York on Monday last. The cotton market was
inannimate and almost lfeless previous to her ac-
counts being received as it was two days subsequent
until factors reduced their prices, and with the
very large stock on hand the movements have been
limited. Under ordinary circumstances sales Of 50,-
900 bales per week would be deemed active but with
the large stocks at all the ports, which are now a
little one million of bales different conclusion
can be deduced. Factors are, however, doing well
for their patrons and customers The question arises
to what extent will it be safe to hold. How far can
our banks extend they are now expanded beyond
any former period; admitting they have great re-
serves, unbounded or almost unbounded resources,
mandators mnst be watchful and prudent. We have
limitations already from New York the great center
of curtaiment in the general facilities of realizing
money.
The importations for the last month (January) are
enormous. For the position Of matters see table be.
low-$I5 $50 600 Of dutiabe merchandise imported
against 5000, 465 in January, 1858, New York.
| The bank statement made this morning shows q
large increase in deposits for the week over 81 900
000 1t looks well, but whether it corresponds with
calm before storm, we might be charged with old
foygysm Ii we were to say nevertheless, we can
sert that banks cannot discount these deposits
they are too unstable. Let bank managers remember
October, 1857, when depositors came near running
the financial fabric of our emporium. Our banks are
now in the very best of condition. Let them keep
So The seasonf for borrowing money to travel on, is
approaching The time for paying two prices for
negroes and triple prices for unmproved lands, and
unheard equivalents for plantations is Twenty
cents per pound for cotton, and seven cents and a
half for sugar will not return such prices have
heard of lately. The germ of speculation is taking
root Money is abundant with out of door or outside
capitalists and dealers. We hope and we believe it
| will continue so. If it will continue so well and
good, but do not desire to paper made and Of
fered to banks for discount to enable the holders
or makers to speculate as it is termed. We might
date this subject, if had space, and have only
to remark that the offerings to-day in bank were, in
the total, large, though with some they moder-
ate-extremely SO; with others much beyond the in
come, but showing that there is active demand for
money! which, if confined to legitimate purposes,
would be well. On the street there were some sales
of factors long dated acceptances at s@s4 per cent,
and some at with some names not high on the roll
of fame but good going at 10 per cent. For prudent
and sound operations, all facilities are at hand
1t will be that the line of deposits actually APP
proaehes nearly $24,eOO,OOO that the gross amount
of discounts and loans is larger than ever before
known. The loans, however, are very trifling. OF
the deposits the State at large in which includes all
the various funds has in its depository little over
million of dollars.
The returns of the banks for this week exhibit the
following changes:
An increase IN spece O. S38lS5
An increase in circulation off,. 49, l65
An increase in deposits local of. G86,S70
An increase in short loans Of. 7S46l7
decrease in exchange nf.................. 6l,6lb
decrease in distant balances of. .......... l2i,4l2
An increase in deposits general Of. 966,453
The actual variation in long and short loans for the
week is increase Of.
| We have been shown several mutilated bank notes
which the devotees of instrie have been cutting up
to make an entire note out of others. The last opera
ton has been on the fifty dollar notes of the Canal
Bank. This bank, as well as other banks, have de-
clined paying these notes. Suit has been brought to
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