New Orleans daily crescent., 1860-10-22
Bsh 0rIeans 1ailg Crtststt.
FIE ND CoMMrRcTAL DEPARTMENT.
stm Grle,us ..sGgsp aIarkd,
esssessr t....s.. - Camp J.

y
past eight days enables az to res e ybs F',5nels
Of the week closing tonight wit .dcn
feeling and more fattering proI. scts yea, e
pie has proved an efficacious RENE dy for disc
Of the general market. The demand ior mo y qn /
the street and for banking facilities contnees un-
abatsd. From the continued large offerings Of
commercial paper, it can be inferred that the pay
ments all round are yet very heavy, with large |
sums of collection paper coming forward every
week 10 be turned into cash for Northern and
Western account.
The sales of cotton for the commercial week have
been $4,000 balesat highly remunerative prices' aS
far as the quantity goes The sales for the CORES
ponding week last year were $500 bales, ana for
the same week in 1853, $4,000 bales. In other de-
scriptions ofproduce the movements have not peen
only to meet the ordinary demand for home con-
sumption and the markets in the adjoining STATES
In our local staple sugar, the receipts Of the new
crop not sufficient to give any important bear
ing to the trade. The very dry and cool weather
which has prevailed for the past two weeks has
been productive Of increased estimates in the YIELD
and leads to encouraging ideas of its extent.
Therefore, beyond the large transactions in cotton
amounting to about three and half millions of
dollars. The sales of other products do not ex-
ceed from first hands half million of dollars.
In the general wholesale and jobbing business
there has been some little Improvement, but the
general trade of the city is dull. Sales of merchan
disc, dry goods and hardware are largely below
the same time last year, nor have the grocers had
any large calls in fine, it is doubtful if expenses
are being made in the wholesale and iobbing busi-
ness. The very low stage of the general artery of
the Lower Mississippi river (Red riyer) precludes
direct communication and intercourse with North
west Louisiana Eastern Texas, part of Arkansas
and Ouachita country, SO called. However, the
business from these sections will be coming along
after while. large quantity Of the staple is de-
barred from market; when it does come, however,
it will have its effect which will be favorable from
the prospective high prices. From other parts Of
the country with which communication has been
Free the collections from last years business have
been very light. Some of the collectors of our
large houses have barely collected sufficient to
meet expenses, though, bythe-bye, it is too early
in the season to expect to realize large collections
in the country; crops must be forwarded to mar
ket and sold before the agricultural community
can think Of paying up. In the meantime, it is
fully demonstrated that there is very little money
in the country, connected geographically, CONNER
cially and financially with our city, and whether
our merchants will have TO wait for their dues until
the Indebtedness for negroes and land is Cancelled
is question more easily asked than readily
answered.
1t is manifest that the purchases of merchandise
North for country account shows no diminutien
from last year. This is confirmed by the many
thousands of packages of merchandise that are
daily passing through or uia our market, receiving
and forwarding, and yet not half of the purchases
come the sea route or by vessels, but good share
reach its finaty over the railroads. This prevents
the goods or property from being intercepted by
various writs, in the way of attachments, stop.
pages, etc., which are uncomfortable proceedings
to many debtors, who have forgotten or who fire.
quently overlook their " friends in New Orleans.
In the local, retail and fancy trade there has
been in the dry goods slight increase in sales.
| The stocks of dry goods on the grand boulevard,
Canal, are now complete and replete with all the
latest styles of fashions, coors kinds and qualities
that the ingenuity of manufacturers have invented.
Three or four wagon loads, of eight bales of cotton
| each can readily be swallowed up in one morn
ing's excursion; but cotton feminfnedom has not
come to town yet and the trade is still confined to
city demand. Very little doing on Chartres and
Royal streets; and finally, beyond a moderate
briskness in the masculine clothing branch of
trade, trade moves along very quietly.
In the mechanical branches of trade the activity
which has existed for months still continues, and
bids fair to continue for weeks longer yes, months
longer. On the leyee, with the exception of fair
receipts in cotton, there has not been sufficient bu-
siness to call for any exultation.
The money market for the week has been very
active. Large sales and transactions in paper out
side of bank form the principal features for the
week. The calls on the banks have been well
maintained, confirming the remarks that large
sums of money are required to carry on the daily
business of the community. If there were not
great wants of money, it is not probable there
would have been so much paper offered and nego.
tiated during the last ten days. If people did moi
desire to anticipate their porte feuilles or bills re-
ceiyable, they would not be crowding SO much
paper in bank and outside, particularly at the rate
of l0@l2 T}ct. for paper, which at this time last
year was readily taken at 6307 get. for 90 to 12C
days date, and 500 for the general run of CONNER
! cial names. The Market therefore, at this time
ranges so Sct. higher than at this time last year
Some parties believe that money will be cheap
after the LIST of December These views are ex-
pressed by non.borrowers as well as non. buyers.
| The weekly return of the several banks to the
Board of Currency this morning shows no impor-
tant variation in the movement for the week.
There is decrease in total loans and discounts of
! 1864 ,035, which has been returned to the COM
munity in the way of purchasing exchange. There
are complaints that two of the old chartered banks
(the Ajax and CanaD are doing nothing towards
assisting produce operations that with very large
balances or surplus, they do not enter the ex-
change market with any degree of freedom. Pos
sby they are waiting for "paying rates." 1t takes
some time to find out the definition of apaying
rates. with good produce bills, documents, at
tached, at lo64@1o7.
The increase in the coin reserves of the banks is
trifing. Some Mexican dollars have been pur-
chased during the week, which sustains the re-
serves in the aggregate There were, however,
shipments to-day, which will reduce the aggregate
on Monday.
The changes in the bank movement for the week
are
An increase in specie of.................. of $5i7a4
A decrease circulation
A decreasein short loans Observation-Disclosures. of. 22g23
An increase in deposits proper of ......... 423 466
An increase In Exchange of. 746GA
decrease in distant balances of ....,...... l3055
The variation in Long and Short Loans is a decrease
5640a5