New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-30
Nen Orleans laiIp Crestent.
FINANCIAL AND COMMERCIAL DEPARTMENT..
gep ORLEANS Mlolrtu 5tlarkst.
CREscEa7 Orrtcg, No. 10 Camp street.
Saturday Night Anr1 "a. iSf,it

4
cREscEa7 orrtcs, No. 70 Camp street.
Saturday Night April e. 1860. !
The annual falling off in general business at this
season Of the year has been one Of the attending
features for the week closing this night. We must
chronicle an exception, aud that Ia, that the de-
nand for money has continued full for the supply
available, with prospect OF the same ruling for
some weeks longer. Transient traders and opera
tors are closing up and leaving daily. During the
coming month (May) the annual hegira Of large
cotton and tobacco operators will commence, and
by the LIST Of June we shall have a remarkably
quiet and calm aspect Of affairs. The great CEN
trelity, Carondelet, will be in a great measure de-
serted. Though there is large stock Of cotton on |
hand, II is not so large as at this time two years
ago. being 81 900 bales against 32 600 on the 2eth
of April 1853. In all probability much larger |
quantity will be held over than usual, particularly
if next month does not furnish good stand for the
seed now planted and being planted for the present
seasons crop The sales for this week reach 900
bales against $4,000 for the corresponding week
last year.
In tobacco, there have been several transactions
this week, the dealings are carried on under de-
pressing intelligence from the chief foreign mar
kets. The receipts at this port are less than last
year, yet the stock ia larger The manifest decline
in the general prices from last year has an import
ant bearing on the real trade, operating adverse
to the money market. 1t will also make consider
able of difference whether, from the low prices,
it does not lead to growers keeping share Of the
crop back, and the proceeds of the seasons bust
ness only turn out be twothirds Of last year. say
Ne a tar
sumed difference (S3 ,O00,oO0) will have more or
less influence on the money market, particularly
onethrd or more is under acceptances or ad-
vances Here are causes, SO far as they go, which
control the money market at this time, to which
we may add the large sums invested in the winter
and spring Of last year Cs59) with the high prices
paid for negroes, now mp to the great figures OF
$500 each for field hands. These, with the con-
slant desire for travelling, and the large spent
NoTthward last season, presents at once an answer
to the many inquiries, what makes money so high,
or what has brought about the diminution in the
supply of capital, as well as money
With the advance in the season, the movements
in the great dry goods trade also falls Of well
as in hardware, erockery and on, which in
cludes all business on Magazine, Gravier, Tchoupi-
toulas, Canal and Common. Even the drug and
medicine operators complain of stagnation. How
ever, the queen of trade tdry goods) has come out
much better than anticipated. 1t looked rather
gloomy for the iobbers at the commencement OF
the year yet crnolinedom has helped out the great
retail and local trade on the grand Boulevard
Canal and sustained it on the lesser streets Rue de
Chartres ct Royal. But it takes more than tvs
bales Of cotton to pay for an ordinary silk dress
unv T of f1ppn ITO. fnfr yarda nF
tolerahly fair silk at three dollars per yard hoops
we cannot say what they cost they are not quoted
in the Price Current only hickory hoops and hoop
poles for sugar hogsheads. Well the making and
trimmings OF moderate dress comes up to about
one hundred dollars, the value of two bales good
Middling cotton. Then there ID another article Of
dress called mantilla, we believe 1t is immaterial
what the name u.s. it costs about the value of from
two to six bales of cotton--that ia moderate. We
may as well stop here if we keep on we shall be
figuring out that fifty bales Of cotton are required
to make small family Of three or four make VIVA
is termed fashionable appearance on the now
yery broad walks of Boulevard Canal and Ram
part. This may be added to the sequel, where
does all the money go to? First into the hands o
some very few permanent residents, but more fire.
quently into the hands of transient residents repre-
sentatives and agents of Northern dealers and trad
ers, then turned over for Europe to help to keel
alive the manufacturers and operators Of the East
ern continent. Those who will take little trouble
J and consult the old fogy arithmetic of Nathan Da
boil that was, and cypher out that if we buy NOR,
than we can produce, it be readily ascertanet
where all the money goes. We have no space I,
! write homily on political economy. We may alst
add that fine carriage, with o splendid SPAN o
horses and driver footnan and SO on require
about the value Of forty to sixty bales of cotton
though the horses, carriage and driver will answe
for two years more, crinolinedom must be re
plenished about every time the moon changes.
During the week the general money market ha
not changed for the better nor for the worse. The
moneyed institutions have discounted to the exten
of their receipts. 1t is unreasonable to suppose
! that they could do more-they are not prone K
overstep the statutes. Fortunately, very fortu
natey for the welfare and prosperity of our State
the hank acts are tbe rayernnu and rnnr nowe,
f
OF our hnanciefs. 1t Is Immaterlal how enlarged
80, 4Z0,.. ,s-- r A., .,,
HIS lloefaiily, OF HOW MucH VI lae lnnh oI nuhai
E;pdnass honL otf;cer or n.ndo tor mo " ha noss
~ : ~ ~ - ~ ' w Pes'
DRINKING