New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-01-31
1eb @rIeaas 4aiIu Grsstsnt.
MONDAY MORNING, JANUARY 81, 1859.
Nsu ORLEANS Nlontg Nlarktt.

CREscsHr OFFIcE No. 10 Camp street. !
Saturday Evening, Jan ., 1859. !
Enlarged operations in cur great staples with cor
responding movements in Exchange over last week.
mark the course Of trade and finance for the week
now closing. In cotton, in sugar, in moasses, in
Western products, in bank shares and in money,
briskness and lveliness have been the features In
the great freight Market it has been rather inactive
The amount of tunnage in port is large, and with no
apparent probability Of any important decrease for
some time yet large quantities of produce have to be
forwarded to market.
In the general wholesale and jobbing trade there
has been the usual brskness Of the season. Country
dealers have generally paid up well, and, of COURSE
the planting community, the farmers in general have
responded to their obligations punctually. In the
fancy and local trade Of the city there has been some
interruption from the weather for the past three days.
and to sum up, the business for the week has been
heavy, calling into requisition large amount of
money to move it, as will appear when we announce
that there have been sales of 1000 bales of cotton
1900 hogsheads Of sugar, $1,000 barrels of mo-
lasses, and 100000 gallons on plantation. OF to.
bacco, 900 hogsheads, and of four bacon and prov-
sions there has been good demand. In articles of
foreign impoations the chief transactions have been
$4,000 bags of Coffee some cargoes of salt. All this
great trade has been, with tr1ing exceptions,
for cash on the spot Is there market in the known
commercial world where the cash system is so strictly
followed! 1t follows then that market for sales
and return is the best extant. Planters do not re-
celve from New Orleans an account Of sales with
sixty days and four months credit appendages We
note sales IN New fork and Boston last week of New
Orleans or Louisiana sugar three and four months
credit in parcels Of 100 to 200 hogheads and cotton
the same credit What would Louisiana or Missis-
sppi planters say if their sugar and cotton were sold
on these terms? They would compliment their fac
tors by reprobation, and ntmating they might with
draw from business
If Poydras and Tchouptoulas merchants were to
keep running account longer than thirty days. they
might also close up; in fact, dealers from the West
coming here, and selling landing, generally pre-
sent bill in one hand and open the other for the
money; and where shipments at the principal ports
IN the West are made, they are generally drawn for
before the steamer leaves the landing at from one
day sight to thirty and sixty days sight or date, and
here is where New Orleans will always maintain the
ascendancy and control Of the great Western trade
The facilities for transportation always being greater
and more available than to the Eastern ports, not
emitting the important item of less charges and the
advantages of double markets.
We Lave, however, 10 notce very important
freak Of trade During the past three months it is com
puted there have been shipped from Northern ports
say New York and Boston, four hundred thousand
bushels of oats for New Orleans and Mobile, and we
now learn there fifteen thousand bushels of corn
en- route for this market Perhaps this is some Germ
shipped months ago, or some time last year. and per-
haps it isn't. But does it not appear very singular
that the planters Of Louisiana Mississippi and Ala
barna should be buying Northern corn and oats? If
it Is cheaper for Louisiana planters to pay one dollar
per bushe for corn, twenty dollars or more per bar
rel for pork, than it is to raise it, we mistake the
meaning of sound political economy and Southern
independence.
There has been an active demand for money during
the weekhat is, of course, of the attendants Of
mighty business, such is in progress new in our
city. The supply continues free. But we have as
suredly arrived at the highest line of deposits for this
season. The active line of discounts now with the
banks has never exceeded the present figures at this
season of the year only once, viz, January, 1867
Though the deposits are larger than at any former
period, they are not safe to rely for discounts
The fckleness Of depositors are proverbial, and
whether the time has arrived in our opinion for the
mandators of our banks to be crcumspect in the
various offerings which come before them, we cannot
say.
The following figures exhibit the position of our
banks on the last Saturdays of January for the years