New Orleans daily crescent., 1860-11-05
Asw ORLEANS 1ay Crtstsut aaaay aaruins aopmbr s. 1850
Nsh Orleans lailp Crssfert.
rIHANcIAL AND ecMMERoAL pEpARTMEaT.
Jlen ORLEANS xtlontg 5tIarAet.
CEEscEsT OFFICE, No. 70 Camp street,
.. Eef4.rdsp Nt.,Et NJ. . fcen

IL
cE1scrsr OFFICE No. Camp street, I {
Saturday Night. NOV. 8, 1850 ,
The week closes on our general market being
lnder some perturbation, brought about by the
approaching election the conflicting views of eapi.
.alists and owners of money, the great depression
IN exchange, and finally, the incertitude Of the
future. The moneyed men Of our community seem
by general feeling 70 refrain from entering into
new engagements for brief space Of time only.
Some are compelled to remain in a state of quie-
tude from having great reductions in their bank
balances; Others desire to hold off for few days,
while there are others bold enough to move at all |
hazards, particularly at good rates of usance. |
Confidence s not all impaired. The resources Of
the country connected with our city are ample for
us to maintain our enyiable position. That there
will be reyerses to some dealers and trades ex
pected they occur in the best of seasons, in the
height of the greatest prosperity. II is idle to en-
tertain views that the present political aspect Of
the nation does not exercise great influence over
general business Our numerous readers will re-
collect that the present state Of financial affairs
foretold by US some weeks since, and prediction is
becoming history.
The early part Of this week was attended with
briskness and animation in cotton the sales for the
first three days being something above the aver
age. The past three days the difficulties arising
in the negotiation Of exchange have interrupted
and stopped sales that would otherwise have taken
place. The depression in exchange, particularly
in foreign, is no new feature in the general move
ments. Depression and low rates have frequently
nterfered with the cotton trade at several periods
during the past ten years. and it is not unlikely but
what they will interfere again, being nothing more
than the freaks of trade and commerce.
| The sales of cotton this week reach $500 bales
| The sales for the corresponding week last year
were 73 900 bales for the same week in 1858 they
were 48 600 bales.
In Western produce there has been an improved
demand. The demand for the usual custom trade
for Alabama, Florida, Southwest Georgia and Texas
has been lively. The supplies and daily receipts Of
! almost every description Of Western produce con-
tinue free and adequate to the demand, and unless
an early freeze takes place in the upper rivers, our
market will be under good stocks during the sea-
| son. There has been some purchases of grain and
/ flour for European account The difficulty in ex-
change has impeded the transactions, just as it
were, freights inclinng in favor of shippers.
However, we can urge the great granaries Of the
West to disgorge ship forthwith to New Orleans,
where gold and silver, prompt returns and low
charges are the concomitants of the mighty pro.
duce trade of the Crescent City.
The general trade in groceries has improved this
week, yet the sales are largely below the average
of previous years. The increased receipts of sugar
and molasses are exciting favorable influence ii
the trade
In the general wholesale and jobbing dry goods
to use the expression Of some of our largest deal
ers there is nothing doing for the stocks Of goods
on hand and the desire to sell A few packages O
merchandise grace the sidewalks in the morning
marked for the interior. In the local and retail
trade-millnery, fancy stufs, ETC., there has beer
no improvement deserving of notice. and in the alb
sence of our usual visitors from the country, nc
4 real Improvement can be expected for the present
Our agricultural friends, or general customers are
mnding the gathering of their crops, and they asc
desire to be at home, particularly the coming week
as election day is at hand. In the clothing brancl
Of our trade in the hat and shoe lines there is onl
a retail demand going on Some Of our auc
toneers in merchandise have been doing goo
business and say that trade is lively, but we opin
, that their clients are under the impression tina
many kinds Of dry goods selling at prices whic
may cause Flemish balances. The great auetio
business its system in the city of New York, wa
the foundation of New York's greatness, and il
now apparent influence on the lesser markets.
The usual number of periapetic traders, dealer
and peddlars have made their appearance, and i
somewhat greater numbers than heretofore. Man
of these itnerant traders require looking after.
We have from day to day remarked on the none
market. Its present position is not unexpected
Today's transactions seem to be nothing NOR
than reflection of every days movements for tn
week. There were some sales of paper at 1501
i f9ct., which the offeree said would be cashed a
the rate of d f9ct. There was no greater pressur
observable to-day than for several days past
Many inquiries are made, Where has all til
money gone to, the proceeds of 2,lG0,000 bales o
cotton and 22l 00G hogsheads of sugar last year
Millions of dollars are in the Golfers Of Norther
Black Republicans in New York, Philadelphia
Boston, Cincinnati, and at all the public places
i resort throughout the North. 1t is readily az
/, counted for where all the money has gone to. Th
. transient residents of New Orleans will continue
hoard up Southern dollars carry them away, bull
! fine houses in the North and laagh at the liberalit
# of the South; nor are planters aud residents
Louisiana and Mississippi, as well as Texas, fre
from taking money Northward, to the disadvantag
and injury Of the great Southwest. We might IT
!. ceive five millions more of dollars in gold t
purchase simply cotton alone and it would not b
SIX montnst or before July next, before every do
lar would be drawn back by the come to-day an
, go-to-morrow citizens, aided by our citizens VIII
entertain many false ideas and pseudo fashionabl
rules Of summer travelling.
The weekly return of the banks to the Board Q
Currency this morning represents them in the az
gregate to be in a,sound position. The old Stat
Bank has run few hundred dollars below line
consequently, it and the branch cannot discount t
any extent on Tuesday and Wednesday, nor pul
chase much exchange. We tell this in advance t
would,be applicants they will know why an
wherefore their lenders cannot all be met wit
favor. The Ctizens' Bank was s4a4 600 aboy
line. About the sum that a jndicious movemen
requires it should maintain in view of its large Gil
culation and large line of depostors. OF course
the Ajax is way up above half million, while th
Canal has, from purchasing about 100000 in eS
change, fallen down to s431 900, amply suficien
and more for its movement The Bank of Ney
Orleans has large surplus, say $4,000. TIL
Southern Bank also, with large balance in ex
change. The Others are also in good trim. Th
discount line varies trfe over 5000 900 from las
week-a decrease The deposit line has declined
s151, 900.
The changes for the week are
4 h,,i,,