New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-15
Neiu Orleans Qailp Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
getu 0rIeals 3tlonsp gllarktt.
cnnsessI ogrIo.g, No: 7. Cam street.


cg,seysI lyrtog No. IN carSs street, > |
Saturday Night, oct 81 I860.S |
The improvement in general trade for TIE week |
las been light. Our population has receSTed
arge increase, The inaHx Of citizens, or wonsd-be
'itizens, from almost every part of the habitasle
globe, ia on scale with former seasons. Our M
5ratory population is receiving large additions by
every arrival, without adding to the general bust
iiness Of the city; moreover, many come to en- I
aeavor to enhance their pecuniary prospects, I
spend few months, anass all they cam and, as /
usual, go elsewhere to disb1rse it, In the way of |
business, few packages Of merchandise are OBJ
served daily to be turned out on the sidewalks for
few places in the country. which indicates that |
some merchants and traders from the interior are
in the market. The amount of sales of merchan-
disc, however, compared with the full and ample |
stocks, is trifing, very trifng.
The greatest events of the week have been the
result Of The elections in some Of the Northern
States. This result has been freely commented on
in commercial and financial circles. The future ia
regarded with great feeling. 1t is useless it is idle
to deny but that at this moment the commercial
aud financial interests Of our country are greatly
blended with its future political course and though
some folks may entertain the idea that all is well,
it is delndng ourselves to coincide with opinions
Of this nature.
From more causes than one the movements in
cotton during the week have been unusually re-
stricted for the large stock on hand until to-day,
when an improved feeling sprung up, Influenced by
accounts of frost, which, if severe, will be another
calamity to be added to those which have been
experienced through the cotton-growfng region
this season. The sales of the staple this CONNER
cia week have been 81 coo bales against 43 900 for
the same week last year, and 1850 bales for the
week ending the 18th Oct, 1858. In the other
local staple sugar, the movements have been very
limited from want of stock to operate on more
than from any other cause. In Western produce
tions the usual demand for the markets which de-
pend on our city for supplies has been observed
in fact, the demand for flour, corn and bacon for
Texas is far in excess of former years, with pro-
spects Of o steady continuance, while the demand
for Southern Alabama shows that there has been
a great deficiency in the crop of cereals; the re-
mark will also apply to Florida. For Mexico there
is some inquiry, and occasionally cargo OF bread
stuffs and provisions is cleared for Cuba and other
West India Islands other than with Cuba the Blu.
siness relations between New Orleans and the
West Indies is limited.
In other branches Of trade and commerce there
have been remarkably light sales-the grocers
complain Of a great paucity of customers; q few
orders and few dealers happen along with some
of the old dealers. On the great levee there is
nothing that indicates an extent of business equal
| to previous years at this season. From the West
there has been an increase in most articles of pro-
duce, but the increase is very meagre when placed
in juxtaposton with the very large crops gathered
throughout the great West. With the very low
stage Of water in the upper rivers it cannot be ex.
pected that we should have large business to re-
mark on from that section. As for our general
jobbers and wholesale dealers in dry goods, hard
ware and clothing, complaints are free of limited
sales and very light remittances from the country
for old indebtedness. 1t is, however too early il
the season to expect large collections from til,
country. NewYork drummers and collectors hav,
taken the field early, and are to be found in almos
every respectable village and town throughout thu
Southwest; they have commenced their annual in
quisitiveness and pumping early in the season.
The local and fancy retail trade ia inert stag
nant. The large stores on the grand boulevard
Canal, are replete with splendid stocks of fires
supplies great and varied styles and assortment
all said to be the latest style and fashion. Buye
and customers are not plentiful in fact, cotton
|
and if the spirit of economy takes root there wi
be great falling off in the fancy and retail trad
this season. As we have before suggested, it wi
be sound policy for our retailers not to burthe
themselves with large stocks, even if they are pu
chased on a years credit; and in the opinion
old financiers the Southwest will not have an
surplus over this business season; following, as
does, summer of large and unparalleled expend
lures and extravaganza in the Northern States an
in Europe.
The movements in the money market during tt
week have been fully detailed daily. The transa
tions to-day offered nothing to change our view
The sales of paper were about $4,000, at from
0l2 up to 10 yet. for spring maturties. The1
were also some light sales Mt from l1GD2 pct. pt
month. The banks in the aggregate were not
much above line as on last Saturday. The four o.
banks exhibits are the Bank of Louisiana 50 OF
in line; State Bank, S264 ,000 Canal Bank, $64:
600; Citizens Bank, s5s2 ,000 and very light BIZ
ances Of exchange due. The free banks are all
good position, and those that deal largely in G
change are prepared to take bills at paying rate
but it is difficult to arrive at the definition of pa
f ing rates. The venerable photographers do n
furnish us with any wcldefned meaning of Il
word, but it might be supposed that bills on Lo
don with documents, based on cotton at pfese
prices, with margins from s4@ss per bale,
l065@lG7 might be deemed something as qualiis
to define paying rates. promising that such e
change passes through New York. of course, al
| drawn against ON New York at par.
The return of the banks to the Board Of CT
reucy this morning Shows the following changes
the movement for this week:
An increase in specie Of sl6s254
decrease in circulation of. 29650
An increasein short loans of f0iU3
An increase in deposits proper of 2h2 0l9
An increase in Exchange of. 154S67
decrease in distant balances of .,.............
The variation in Long and Short Loans is a decrease
Observation-Disclosures. ........... 2s,i05
+ The changes or movements for the week endil
the 18th October last year were as follows:
An decrease in specie of. .sl9aoa4