New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-18

9th 0rleaas Bully Grestsnt.
MONDAY MORNING. APRIL Is, 1859.
gtm 0rltans Nlontp Nlarket.

'Hf'''s s.s os.sf s. s a e Ga e.
The general trade of the city has fallen off durin,
the week, but not more 30 than usual at this sea
son of the year. The remark is not applicable t,
some of our great staples, say cotton and tobacco
The transactions in the former have been large fo
stock and qualities on hand. The value has beer
well maintained, aided by speculative demand, ,
large decline in freghts, with steadiness and rmnes
in exchange. In tobacco, the trade from large ant
free receipts il extending and is moving onward OF
its own merits, supported, however, by remarkable
low range Of transportation to foreign countries Al
for the saccharine staple, the crop is nearly all in
and the best prices Of the season are obtanabe fo
the daily receipts the inquiry being well maintained
In Western productions there have been the us1,a
transactions through the trade and to our customer
in adjoining States though under diminished require
ments.
| In the general jobbing business there has been
decline. After many months of activity respite
| of course will follow. There are, however, man,
| traders and merchants completing their purchases
particularly from those sections of the country where
communication is likely and is every season inter
! rupted by low water. The local and fancy retail
trade exhibits marked decline nevertheless on fai,
days the stores are well attended and the streets
thronged usual though not to the extent of last
month To sum up, the business of our city is NOV
ing on prosperousy to all engaged, except to those
engaged in the great shipping interest This inter
est, after months of obstruction and losses at the
mouth of the river, is laboring under depres.
sion in freights, with or two exceptions almost
unparalleled in the history of trade, with large
quantity of tunnage in all the gulf ports.
we are gratifed that we can remark that the lower
coast OF the Missssipp-that u.s. all the sugar region
Is still free from oyerfows and crevasses The only
serious crevasse announced below Natchez is the one
which occurred on Thursday night last below Red
river landing, which, if not checked, may cause dam
age to the upper part of the parish of Pointe Coupee
and the parish of Avoyelles We continue to receive
somewhat alarming accounts from above Grand Gulf.
Ihey are, however, no worse than accounts of SINH
lar disasters of last year at later period in the sea-
son.
During the week we have received accounts from
Liverpool up to the 3Oth ult, brought by the City of
Baltimore at New York, giving favorable reviews of
the cotton market, with good feeling still prevailing
in Manchester. As the full weeks details are now
due by the Europa it is unnecessary for us to date
to any extent on the advices before us. We. how
ever, note large shipments of gold from New York to
England since the first of this month, which bodies
no good Tor the general money market with the high
prices for cotton and large shipments to Europe say
now 4S0,000 bales in excess Of last year. which ex-
cess represents an increase in value of exports of up
wards of twenty-seven millions. Gold is being shin
ped by the million per week to meet the balance of
trade against u.s. on mportatons of foreign merchan-
disc These large importations, however are aiding
and Strengthening the fiscal resources of the govern
ment, which will relieve the Treasury Department.
and obylate the necessity for making further loans
Our general money market during the week has
been freely supplied 1t is therefore, useless for us
to allude to figures tonight we have only to say
that there will be good supply of money available
on Monday, on the usual commercial securities We
do not think the Bears get up an excitement be-
fore that time.
Inc weekly Statement of the Banks shows some
variations The most important is an increase in ex
change, which is very large for the time of the year.
The decrease in specie rather more than expected
banks Since the 10TH 81 last month, When the re-
serves reached 5000, say four weeks, is one
million and thiryeight thousand dollars. With hun
dreds of transient residents departing daily for weeks
to come, a falling off in the specie will follow,
though we consider it all perfect nonsense for peo
pie to believe that it is good policy to be Juggling
coin ABOUT from one place 10 aHotHer, wien Dailk
checks and good bills of exchange will answer the
same and for all purposes. A bank check or a good
bill of exchange be used in any respectable local
ity be identified and made good in case of loss with
gold in case of accident if it goes to the bottom of
the river, the ocean, is burned there is no re-
dress, no relief We observe accounts daily of many
travellers being relieved of their gold by the light
fingered gentry.
The decrease in the line of discounts and loans for
the week is very moderate-only sl92,O25. We re-
gard it as settled fact that the line will not vary
much for the remainder of the The stock of
cotton is sixty thousand bales less to-day than the
corresponding day. The receipts of sugar sold and
accounted for are nearly fifty thousand hhds. over
last year; yet our community is indebted to our
banks $s,O0O,0O0 above last year, and we figure out
that the cotton received will nett ten millions of dol
lars more than it did last year. Verify, verify,
negroes at $500 to $780, and wild cotton lands at
from $40 to SIS per acre. may truly be said to be
leading into the maelstrom of indebtedness.
The variations in the movements for the week are