New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-21

Nem 0rleans @ailp Gr.stsut.
MONDAY MORNING, MARCH al. 1853.
gtm 0rlsans Iluntg Mark&t.
csEseEs1 OFFICE, No; 10 Camp street. !

gtu 0rlsans Ilontp HIarktt.
G,' ssb ~ a 70 s'Sp
There has been some diminutisn in general business
during the week. The operations in cotton have been
falling off, corresponding with the decline in receipts
In sugar and molasses the movements have been
governed by the receipts, which begin to decrease
daily. The prices of cotton and sugar are well sus
tained and close with upward tendencies. In tobacco
the s at hand for the usual operations in the
article, and as the crop large rather the growth
of last year was large, good seasons business is
anticipated provided the distractions at the mouth
of the river are removed to admit the egress and in
gress of large vessels to continue the present ruling
Of freghs as large ships loaded with tobacco cannot
get to sea.
In the general jobbing trade particularly dry goods
and groceries, there has been good business done
though sales have been falling off compared to prev
GUS weeks. In other branches of trade the remark
also applies. Jobbers, Dealers traders, one and all,
cannot have any cause for complaints at the result of
the seasons business.
The local and retail trade has been somewhat inter
upted by rainy weather, yet the sales have been as
large, and in fact considerably larger than last year.
Planters have received good returns for their produce
and feel willing to indulge in little extra expend
ture, in the way of silks, millinery and fancy nick
nacks, not emitting to patronize literally the many
furniture stores and establishments which abound in
the old square of the CITY, We urge them, however,
not to overlook the claims of many industrious creole
and permanent resident mechanics. Encourage our
own home made work, which will last much longer,
keep better and look better than the imported work
moreover, the Northern and Partisan manufacturers
only laugh at the iberality of the Southeners when
they purchase their cast off Stocks and rejoice at our
simplicity in allowing them to reap and realize good
bargains As for the carriage warehouses here, they
have been cleared out and sold out about every month
during the season. Some steamboats, for Red and
Ouachita rivers as well as for other sections and
parts of the Southwest, have had their upper decks
loaded with carriages, bugges phaetons, ETC.. about
every trip. In fact, the carriage trade has been
greatly productive this to Northern factories
What will be the amount of money paid through this
city for carriages and riding vehicles this season.
The great increase of private carriages in city is
also remarked The fact is, we are getting up, and
we hope we shall keep up but it would be as well
and sounder policy if our own local, and home me-
chanics and artisans were better patronized and en-
couraged by all having means to disburse Endeavor
to keep money made here in circulation among our
own citizens We might dilate on the views which
appear to predominant in the minds of SO many of
our citizens that nothing is worthy of consideration
unless it comes from Paris, has been reviewed by
the habitues of the upper ten of New York above
Blocker street and on those long avenues. We might
as well send to Paris for gumbo or to Northern
cities for our daily marketing. OF course, we might
have to go to Cape Cod for pscatory supplies.
The time is approaching when we hope interest, pub
lie as we'll as private will induce citizens to spend
more of their income at home and less among those
who have feeling affinity with the South and
its institutions.
The money market for the week has been under
full supply with rates of interest tending in favor of
borrowers and sellers of paper. Several 12@24
months loans on mortgages have been made at 7a@
8 act. The banks have discounted very moderately
under dead weight The largest increase in this re-
spect being by two of the free banks, while the Bank
of Louisiana and State Banks active lines have been
curtailed $40 goo, with only few thousands ex-
panied in long paper. These two banks are author
lied to charge interest long dated paper at rates
which come in direct competition with outside lend
ers or capitalists and it being rather improbable to
take money to Northern cities for employment at
this time we confidently expect money to rule cheap
through the balance of the season, the entire sum-
mer And should Europe continue unsettled, or war
break out, it is not unreasonable to expect that
money may be sent from there to the United States
for safety as we'll as for investment. There will be
but very little paper made through factors this
-p,inn honl
shares, city bonds and railroad mortgage bonds are
daily inquired for, and sold at advancing prices
the shares of the old Ponchartran Railroad are
growing in favor 1t is about time for this company
to be looking up; and, while making this remark,
we have to add another conrmatory evidence of the
increase and extension of the commerce of our city,
which embraces the Carrollton and jefferson Rail.
road The increase in trade is shown by the yearly
addition to the earnings of both roads, One road
could not perform all the business which now de-
wolves on two If the increase continues from year
TO year the Mexican Gulf Railroad will come in for
share before many years pass. There are no double
tracks on the Pontchartran nor on the Jefferson
Railroad. There was something of double track on |
she old Pontchartrain, but it was abandoned years
,go. While commenting on railroads, and opposed |
Is we are to all monopolies, think it will not be
miss tor our cltlZenS TO examine the Mexican Gulf
,oad and see if another outlet and inlet cannot be
brought forward for the trade of New Orleans or to
command part of the increase, and extend the basis
If competition.
While, however, we are remarking on the plent |
illness of money and the advance in securities, we
nay as well note that the deposits in bank have de-
creased this week one million one hundred and |
hrty-siN thousand three hundred and fty-nine thou
sand dollars, which is evidence that investments in
stocks and bonds have been drawn for not RECURRING
my coin to move the great and complicated ma |
;hinery of finance.
The weekly statement of the banks as made to the
Board of Currency, shows the following variations
or the week:
An Increase in specie
An increase in ciI cuiHun ........... 1876 65
AdaereAsu in deposits proper Of ..........l,l36359
AdeereHse in short loans Of. 3l44
decrease in exchange of.,.,.. 4s2952
An increase in distant balances Alb lSS
decrease in deposs nominal Of .......... G67 20
The actual variation in long and short loauA for the
week is decrease OF .S3aT22
The exchange market was firm, though there were
eportcd sales of bank checks on New York at dis.
which would be an advance. Not having seen the
gures we cannot call it quotable figure, no more
han l40l5 dis. for sixty days sight can be called