New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-24
U(t6 ORLEANS 1ailp Crestent.
FINANCIAL AVID COMMERCIAL DEPARTMENT
gfD 0rleaNs HEontp NlarAtt.
oREscEsr ,ovyrer, NJ. 70 Camp stree,

- in
The only improvement in business for the week
ending this night applies to the great staple only,
the sales of which reach 1000 bales These
movements have thrown a larger volume Of money
INTO use. The sales for the corresponding week
lastyear were IS 700 bales. In general business
we nave only to notice the receipts of large stocks
OIL merchandise, but the absence of large sales and
Improvement in the various branches of trade are
observed In tobacco there have been some trans
actions, but operators keep all their actions to
themselves. Now and then the extent of the sales
leak out through the exchange offered, which il
readily identified with the tobacco trade.
A truce to business and review thereof for this
week might well be dispensed with. The week
closes painfully and mournfully in all circles 1t
commenced with thrilling details and accounts of
the great storm of the 18th Of the month"; 1t closes
under the melancholy and disastrous effects of the
great fire on the evening of the 2lst on Tchoupi-
touas street. The pecuniary losses at this fire are
trifing with the lamentable loss of life. Fourteen
bodies have already been taken from the ruins,
several Of them natives of our city, descendants
from old and valued members of our community.
The losses from the fires during the week are
mostly covered by insurance. The losses from the
of merchandise and vessels which have suffered are
generally under insurance. The losses from fire,
though to be made good by our insurance compa-
| MES, may be considered as just SO much money
withdrawn from the banks where it has been on
deposit, as it were.
In the grocery line there has been a slight i'm
prevement, but it is too limited more than to re-
mark that grocers still live. In the dry goods
branch large additions to stock have been made
during the month"; and jobbers and wholesale deal
ers in general are prepared to move. In other
branches Of the wholesale trade we can only say
that supplies are ample; in fact, they are all in
readiness to meet the usual demands for the sea-
son. In the fancy and general retail trade traders
and dealers are all prepared for the good time.
The grand Boulevard Canal has not this week pre-
scented very active appearance, neither have
Royal and Chartres streets in fine. the local trade
is dull, extremely dull. Returning citizens from
the North have left good share of their spare
cash behind for supplies, which, in quantity, will
be sufficient for the season, and that is the way
that good share of the money of our community
goes.
The return of the banks to the Board of Currency
this morning exhibits some of them to be very
ush largely above the requirements of the statute,
particularly the Canal, s626000 above, the South
ern 100000; the State is running down close, the
Bank Of Louisiana s27000o, the Citizens 1855, 900,
| the Bank of New Orleans $205 900. But these
| balances or surplus will be required to move the
exchange market. Then with the very small bal
ances of exchange, say 81, 1853 O00 we shall not
commence the coming week with any great supply
| of money. The banks, after buying some ex-
change, will only be in a position to discount to
| the extent of their income, and that income from
indications at two Of the banks to-day is likely to
| be doubly applied for. The contraction in loans
| and discounts has nothing of an importance attach.
ed to it, being only $275 900, with reduction in
specie of s34,9l6, and $4,000 bales cotton sold
during the week. The paying up process does no
increase very rapidly. The decrease in specie
though light, was not expected when it was known
that 100000 Mexican dollars were purchased BY
one or two of the banks though part of them hay,
been forwarded to NewYork. The $4,000 in golt
forwarded to New York last Saturday, have beef
deducted from to-days return. The demand 70
Custom House payments has been large this week
and will be larger for each succeeding week til
the middle of November; yea, gew-gaws, mill
merry and crinoline in general are on the way hithe
in round quantities. American credit is good il
Europe If our cotton crop will not pay for al
purchases and importations, it is satisfactory te
know that there is still some gold in the country te
meet balances, though it is likely to be scarce fol
this purpose in this latitude. The specie in yaul
to-day was 81 72S 900 less than at this time las
year. or a fraction over 2l1 get.
The variations in the bank movement for til,
| week are