New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-07
Nfh Orleans DaIp Grtstfnt.
MONDAY MoRNING. NoyEMBER !. Isl
Jltm ORLEANS Hlontu Marktt.

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The Improvement in general trade circles for the
week now closing has been very limited. People
from all parts Of the two great continents are ar
rising daily BY hundreds. Returning citizens and
| residents form considerable share All our bank
PRESIDENTS who have been absent have returned
with the exception Of the venerable President of
the hahk OF Louisiana, who, regret to learn, is
confined in Paris by rheumatism. There are MANY
hundreds, yea, thousands, arriving of would-be
citizens for the first time, who may be Of advantage
but considerable proportion come with The bur.
pose Of carrying away as many Louisiana dollars
as they can accumulate in their seasons stay,
They do not bring dollar of capital or real money
to aid them in their peripatetic operations in our
great State and the remark of being fast will APP
ply to many, for they move onward SO fast as to
omit calling on our City Treasurer and elude the
vigilance of the of both City and State,
using their hats and their bedrooms counting
| house repositories. True, many of them keep a
bank account but good care is taken that no
balances shall remain after they have completed
their intent and purposes. Then there is another
class who have little more assurance and impu-
dence; they may be denominated as wholesale
peddlars, who bring out samples of merchandise of
| every description, hang round, sneak about our |
| jobbing and wholesale dealers, watching every |
planter, every dealer and trader from the country
insnuating themselves with the meanness and char
acteristic smiles peculiar to some of the down
East nation, though all that appear in city of
| this class cannot be termed from New England. |
They come from every where, and in numbers like |
the locusts of Egypt. There are one or two other
classes of wouldbe traders who visit here every |
year soliciting orders for machinery, engines, ETC..
and mechanical works, for account of freesoilers
and abotonists living in the West and Northern
States, depreciating and rejecting our local and
resident mechanics and artisans, Boosting how
much cheaper they furnish all descriptions of
machinery, planting utensils, etc., than our perma-
nent residents. The time has arrived that this
should end. There is another class which may be
denominated retail peddlers, of which we have no
space to comment Such transient residents as
we have alluded to are of very little service to
community in fact, they absorb and eat out as it
were the substance of our resident and tax-payng
citizens They arrive at all times in the autumn
and winter, and take their departure, ("clear outl
that is, on the first warm thunder storm in April,
taking with them good returns in gold and silver,
and laughing at the liberalty and we may add, the
credulity of the South.
The transactions in cotton this week. that is, the
sales have been large reaching 10000 bales and of
course throwing into circulation considerable
amount of money. But this increase of money is
only apparent; it is not made manifest in the bank
returns of to-day. AS falling off in deposits ap-
pears, with an increase in discounts it may well be
asked where do all the proceeds of these heavy
sales to; to what place places do they Wander
are they all absorbed by investments in the de.
scendents of Africa at unheard of prices to aid in
developing the resources of the great cotton region
of country of the Southwest? The sales of cotton
for two weeks foot up 900 bales against 9s 900
bales for the corresponding two weeks of last year
In the sugar trade there has been some few sales
but the market cannot be termed open as yet. OF
course the embargo from low water in the upper
rivers will restrict the demand for the saccharine
for weeks to come. In the meantime, the question
. of yield will be somewhat defined. The weather
for the past sixty days, added to the recent fross
has not been at all favorable for the product
There was a good inquiry for money to-day, but
. nothing more than to meet the current dsburse.
/ ments for the week, the RENTING to the interior
sundry sums in the way of balances and to make
advances on the staple and aid in its movements to
: market. But the interruption to navigation of all
the lower tributaries of the Mississippi prevents
large quantities of the staple from being shipped
The calls for discounts to-day at the banks were
+ beyond the income, and with two banks they were
heavy compared to the average offerings for the
past month.
, The weekly return of the banks this morning
exhibit some changes tending evidently that the
demand for money is on the increase. There is
great decrease in coin for the week. say $500 OOO
, There were two small shipments of silver for New
York, which came out of vault. There has been
demand for Custom-House purposes of 100000,
which, with the weekly advances or remittances to
the country, accounts for the decrease. For the
corresponding week last year there were received
in gold 900, which went into the vaults of the
banks, yet at the weekly return there was only an
increase for the week of 1868 1000, so it is no new
thing for the specie line at this season of the year
to fall off. will, however, be remarked that there
is an increase in discounts total for the week of
1877 ,739, the line having overtopped s29, OOO,-
600, which is 81 ,450 90 above last year. Our own
private opinion is that good share of this increase
of Indebtedness has gone into hands north of Ma
son and DiXons line for disbursements in the way
of travelling expenses the last season. and the other
share gone for Africas sons, of whom it appears a
few more thousands are still wanted.
The variations in the Bank Statement for the
week are as follows:
decrease in specie Of .SOG709
An increase in circulation OF 2S3.343
decrease deposits proper of............... 1S3i9l
An increase III short loans of. I49Sl
An increase in Exchange of. ................ 4796l
An increase in distant balances of. ......,... $500
The variations in Long and Short Loans for the week A. oo
e decrease in deposits was not expected, with an
increase in discounts however, it is the workings
of finance and banking, but we will merely init
ITO that rnaIa active SulnluS which
raj of our banks have held for months past is
2 being rapidly diminished.
The variations for the corresponding week last
year were
increase in specie of. 1868 ll9
An increase in circulation of. 69S.S