New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-31
Neh Orleans 1ailu Grsstent.
FINANCIAL AND COMMERCIAL DEpARTMgsT
Neg @rltats 5tloaep YtIarkft.
caEscrsr errlcE, No. 70 Camp stree,

and two days Of wet and rainy weather; neyerthe-
less, the sales Of produce reach three millions and
half Of dollars. The active demand for cotton at
the close of last week continued on Monday: on
Tuesday very little business was transacted; on
Wednesday heavy days transactions were re-
corded; Thursday and Friday were interrupted by
the weather. To-day the business was active. The
movements in sugar for the week have been larger
than for any previous week this season. Following
these operations and the large operations for the
week ending last Saturday. the volume of money
in circulation has been greatly enlarged. The
financial improvement from day to day has impart-
ed, of course, good feeling and frustrated the re-
marks of croakers and aiarmists, that every other
merchant or factor would suspend payment For
two weeks past there has not been suspension
nor a failure of any note. Some ephemeral com
Germs and parties who come for six months, making
some paper payable here, have gone over; but this
happens every year. Though the great political
question of the day runs high occupies much of the
attention of our commercial and financial COM
munity, we are moving along much better than
was anticipated by many of our leading merchants;
they doubted greatly three weeks ago when we
predicted an abundance of gold and money coming
hither by NewYear's and as soon as oar citizens
can bring their minds and views to real retrench-
ment and economy, abandon inflated ideas of
pomp, show and extravaganza which have pre-.
vailed for some years past, shall be relatively
real Independent community, both agricultural
and commercial. Our planters have, however,
to expend freely for provisions and breadstuffs.
The last season, it appears, has been no exception
to former seasons, neglecting the raising of the
necessares Of life, and emitting the great staple
True, last season the drouth cut short the cereals
throughout Louisiana and Mississippi; but the es-
culents, such as potatoes, both Irish and sweet,
turnps, beets, carrots and the like could have been
raised in abundance. Some old fogy planters have
followed this course, and now laugh at want
These kinds of esculents with corn, can be raised
in abundance, and with very little trouble, and
without any great interference with the greater
staples. Moreover, it will save dollars by the hun
dreds Of thousands yea Millions from being sent
yearly out of the State. True our interchange of
commerce and commodities with the producing
States of the West and Northwest may be adj
vantageous, but the advantage is not at this time
mutual. Our prolific soil can be used for Divers
ty of productions If one or more description fail,
other kinds will prove yielding and profitable in
the sane season. We receive from Ohio and West
ern Pennsylvania carts, wagons and empty barrels
for molasses, while we have the finest timber and
materials in our forest going, it were, to
destruction. 1t is presumed the time for study-
ing our local and home interests has arrived IF
the desire and fondness for travelling be check
ed the desire for annual absenteesm be restrained
and retrenchment really introduced, we shall not
see cur planting citizens, farmers, running about
streets amoIg the brokers' as was the case this
season, some endeavering to, and others obtaining
advances on crops to grow, at rates of interest
h er.r
sixth, and in some cases one-fourth of crop.
1t will be well for the planting community to take
into consideration that the system of advancing
and accepting by our factors has received great
check this season, and from which there cannot be
any recovery expected for some time to come.
This spring will undoubtedly pass without the an
nual supply of paper being made or issued Then
capitalists and other dealers in paper will feel the
effects of the redundancy of money.
There has been some further Improvement dur-
ing the week in the grocery trade. There has
been more doing in dry goods. The sales. how
ever, have been very light compared TO last season
In the great clothing trade some little stir is OBJ
servable. In the shoe trade the business is large
comparatively but the sales are less than last year
The hardware trade also comes in for a share of
inanimaton-very little doing in this line beyond a
Gl.D
good demand for shooting materials
On the grand boulevard Canal and amone the
fancy dealers and traders, millinery and iewelry,
thefe mas been an increase in Sales yet they are
far below last year or former seasons.
There are large and splendid stocks Of all kinds
and descriptions of merchandise fancy and staple.
1t appears to casual observer that the entire con-
tents of the workshops of Europe-an the gew.
IN trin Data
have been forwarded to this country for sale, ana
that New Orleans has received good share or a
good quantity--a great deal more than can be sold
this season.
So far as the great financial market moves along.
we nave from day to day commented on the i'm
proyement which we noticed last week. which
leaves very little fer to sum up this eveninp
Some capitalists having realized on their port foios
are prepared to move again whenever satisfactory
securities are rendered but the word satisfactory
IS construed largely carries an extreme broad
construction with it. There are some few sales Of
four and six months paper at the rate of lI6a13 10
month.
According to the weekly return of the banks.
made TO the Board of Control this morning il
might be thought that they are in position to ex
pand. True, they are strong but not in the agpre
Nt1Na
be any expansion with regard to the position
They are required to hold at this time or during
The political crisis, through which the country is
now passing.
The curtament, so called, for the past Two |
months has not been greater than tie sales of pro
luce would warrant. For the week ending TODAY
he decrease in loans and discounts amounts To
'4os,9i3. There is heavy increase in deposits.
Which shows that the paying up process is going
m, and that capitalists are realizing on their bills
eceiyable to good extent. The increase in specie
J due to the importations by the banks for bal
noes OF exchange. Two or three capitalists have
nported--for instance Rothschild & Belmont,s
gent has received some 500, 900, and some five or
TX cotton dealers and buyers have received snms
angling from $4,000 to $50, 900, and one or two
'rge exchange dealers have imported or received
ne or two shipments.
The bank movement for the week shows the fol.
wing changes:
ahthcreaSelh specie Of
a decrease in circulate OF. ..t.....t... Az
An increase IN deposits proper ISas3T
A decrease In short loans of. ...,,,.,,. sgq o..
tnlncFease in Exchange OF. .......,.,. a6s s0t
IN Increase IN distant balances ....+,t.t S3eSS
ne Fattunh4h Long and Short Loans is a decrease !
os sue "eeA 40S,9T3
The movements for the corresponding week last ,