New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-06
Ns6 Orlealrs lailu Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Yep 0rIeans Jtlontv 9larAtt.
CRESCENT oyrIer, No. 20 Camp s.reat


i Crescent OFFICE NO. 70 Cauv syest
/ Saturday Evening FEB. 4, $50 )
With the exception Of falling of in transactions
| in cotton, the business of this week has been on
the magnitude Of three weeks previous. Cotton
however, could not remain long inactive, and after
general duilness for the entire commercial week
| an active demand sprang up today, occasioned by
the receipt Of later advices from the other side
brought by the steamer arrived from Liverpool.
The intelligence was received about IL o'clock,
and in short time between q 900 and 30 900 bales
were reported AZ having changed hands, The ac-
counts from Europe this week, received on Thurs
day night, were up TO the 18th, and to-day up to
the 18th and 18th, by the North america. It will
be perceived that tile detention Of steamer few
days over the ordinary time causes luIl, creates
an uneasiness in our market, which often extends
through the ramifcatons of finance, as well as in
fuencing the great staple and acting on the great
freight market. The sales for the commercial
week in cotton, therefore, only reached Al, 900
bales, while the receipts attained the great guam
ttY Of 80 600 bales. In sugar and molaases the re-
ceipts have not been large but corresponding with
the extent of the crop. In the great Western pro-
duee branch Of our trade there has been steady
and uniform movement. The regular customers of
this branch of commerce are purchasing freely
say for Mobile, Florida and Georgia. From the
West there is great demand for Texas and North
western Louisiana, as planters and farmers gen
orally have not raised more than half supplies to
which may be added, that the newly settled lands
have to be provided for OF course it follows that
an active circulation of money il the sequel with
steady and rather increasing demand for facilities
in bank and outside. The movements in tobacco
have been on a limited scale. The paucity of re-
ceipts Of the week and light stocks prevent buyers
from getting into the merits Of the article
In the general wholesale and jobbing trade there
has been an increase in sales; yet this increase
does not bring the sales up to the amount and
quantity of last season. The most marked i'm
proyement is in the queen of trade the great dry
goods. The grocers do not complain. The hard
ware dealers are doing very well, and no COM
plants are heard from clothing hat boot and shoe
dealers; and the opinion is entertained that the
carriage dealers are reaping bountiful harvest
for almost every boat leaving our levee for the in
terror has more or less of carriages, bugges, and
all kinds of vehicles; yea, New Jersey is getting
enormously wealthy on this branch of trade alone
through our city. In the general local, fancy and
retail trade, though the streets have been crowded
day after day, the aggregate sales do not foot up
as much as last week; nevertheless, the sales have
been free. The assortments and stocks of silks
purple and fine linens, millinery, haberdashery
and gew gaws in general, are large and inviting to
all WHO have the needfnl to dispense. A good
business in all branches Of trade here enumerated
may be expected for the next sixty days. as there
are nearly two hundred and fifty thousand bales of
rom arta of nar;na
and seventy-fve thousand from another; though
large proportion Of these expected bales has been
paid for the receipts will be the foundation and
basis of repetition of what has for years been
followed the advancing on seed to be planted and
crops to be raised.
The importations of merchandise from foreign
countries through our Custom House this season
show large increase over last year or previous
years. The duties collected in cash for last month";
January, 1860 s3l3 900 against 1892 600 for
January, 1859. With two millions Of bales Of
cotton to he received and sold this season. it is not
expected there will be any want Of means or re-
sources to meet all contracts and obligations pro-
yided that not too high and extrayagant prices are
paid for land and negroes. The descendants as
well as the sons o. Africa are in good request and
the confidence in present prices strong.
We have from day to day reported the position
of the money market and the changes The de-
mand for the stuff has been free The offerings for
regular discounts for the week have been four
millions Of dollars. The offerings in exchange have
been toleraby free. The supply Of money outside
of bank continues free; but, take the banks alto
gether, they have very little to spare beyond the
daily income.
The weekly statement of the banks this morn.
ing, as returned to the Board of Currency, shows
the line of discounts and loans to have overtopped
thirty millions Of dollars. This is the highest
notch since 1887 and 1888. They WERE on the
31st December $50 ,3Ol GOO, and three and quarter
millions over the same time last year. We have,
however, had little over seven hundred thousand
dollars increase to our banking capital, which, in
some degree, authorizes the expansion. The in.
crease in general loans and discounts for the week
is $476, 443. There is a decrease in deposits and
the following figures denote the changes for the
week: