New Orleans daily crescent., 1859-12-12
Nem Orleans DAILY Gresfsnt.
MONDAY MORNING, DECEMBER IL, 1859.
Ytm ORLEANS 1lonsg 1tlarkst,
csEscnyr oryren, No. 10 Camp st,

Saturday Night. Dec. TO- isso
There has not been any improvement in general
trade during this week. The intercourse with the
interior, though extending from the rise in the
water of several of the tributaries Of the great
artery, has added very little to the operations for
the week. With the Western States general re-
sumption of intercourse appears to have taken
place, excepting where the lesser rivers are OBJ
structed by ice and severe cold weather. This
partial resumption of trade has occasioned an
larged demand for money to assist in commercial
and general trading operations in Western pro-
ducts, which is manifested by large offerings of
paper, connected with Western interests We have
also to record some remarkably cold weather for
this latitude, though not more severe than has
visited us in seasons before. From its effects the
finishing blow of destruction has been given to the
sugar crop for this season. and estimates of very
limited yield are universal. majority of sugar
cultivators we are pleased to say are pecuniarily
in situation to Withstand the loss and injuries.
In the wholesale and jobbing business very little
Improvement or increase of sales has taken place.
Our dry goods and hardware dealers, grocers and
clothing are making very moderate sales eompar-
ed to last year The general summer exodus of
Southern residents to Northern cities is now being
felt in our community. Many hundreds, yea thou
sands, having purchased sufficient supplies, will
have no use for our good city until the season
| comes round again for summer jaunts and travel
| ing, when they will be in market as borrowers
of money and applicants for the usual financial as
| sistance. Many Southerners, when they 60 North,
purchase sufficient family and general supplies to
last from one years end to another. Northerners,
when they come South, leave the amount of their
board bills, and that is all. The pedling and itine
rant trade is carried on with the usual profit and
success this season in our midst in former years,
that is, selling by samples. Some few of these
gentry may have obtained license, but many more
| continue to evade the laws.
| There has been increase in the general local
and retail trade. Canal, Royal and Chartres streets
have been thronged with crnoline, long dresses in
particular, and shoppers; and the retailers parti-
cularly the extensive and wellilled stores Canal
street have been well patronized, and no doubt a
large amount of money has been thrown into the
| channels of trade.
| In the general Money market the demand for the
week has been gradually increasing, that the
calls for discounts at the banks yesterday and
| day were one million of dollars and some rejec-
tons had to be made. The line of specie reserves
is running low with all the banks. Outside of bank
there is not so much available money. The mar
ket, though not under any great supply of paper,
has been moving against borrowers all the week,
and closes under hardening features. OF course
negotiations continue to be effected on long dated
commercial paper at from s, sa@9 get, but more
between 81 and 8 then below, while for good
second-class, or good seconds 9@l0 get. the
asking rates; 3 to months AL 7@ls get
The European advices received during the week
are up to the 18th November, brought by the Per-
| sia from Liverpool, commercially, with the Man
chester advces, the general purport of the ntelli-
gence is favorable. The decline in cotton brought
| by the steamer of the oath was confirmed Mid
ding Orleans closing on the 26th at 5-16 and low
| grades still heavy. Money market was in good
condition. OF political intelligence, there is no
change.
| The returns of our banks this morning to the
Board of Currency are not in the aggregate latter
ing or encouraging for continued ease in the money
market. A large decrease in coin for the week
and which ought not to be the case, is one of the
features of the weeks movement. There is an in.
crease in general loans and we do not observe that
the sales of 165 900 bales in two weeks have in the
least reduced the Indebtedness of the community.
For the corresponding week last year there was an
increase in the specie basis of nearly half million
in gold, making the total amount of coin in vaults
SIS 432 3H, being excess over the returns of to-
day of 50, ,s54 ,323 nearly four millions more. 1t
may well be asked, where are we drifting and our
banks losing money on their general exchange for
the last thirty days days.
The variations in the bank movement for the
,ynek orp-