New Orleans daily crescent., 1860-06-18
asn @rlsans 9ailp Grsssenl.
FfSAscTAL AND COMMERCIAL DEpARTMRar
Hen 6rleans Ilaasp Ukrhet.

Saturday Nieht. june l6 1854. )
The stagnancy Of summer has prevailed during
this week in every sense. Itapplies to every kind
and description of business excepting that of bal
ancing accounts, packing up and flying or going
from the CITY, The hegira of travel has been uni
versally lively for the week, and from Indications
will be likely to contnue so for the coming week.
Every one departing takes more OF less money
and the vacuum (of money! is NOT filed again.
we nave had a very dull week in cotton, the
sales only reaching COCO bales against is 900 for
the corresponding week last year The stock on
hand Is only Il00 bales in excess at the came time
iast year. In tobacco there have been some trans-
actions, possibly to the extent of $40 Goo In west
erh produce there have been no sales beyond
FORMER seasons, except the natural increase of
ou'iiiess' Ihere is more demand for corn for ex-
portatoh 70 foreign countries, particularly Eng.
iand; put II viii create very little exchange as II
only requires score or two of thousands of dol
lars to load large ship with corn The foreign ex
port trade in corn, wheat and -four from this mort
is drop, very trifing sprinkling in the usual
table Of expectations.
The general wholesale and jobbing trade. saw in
dry goods, hardware, groceries, hats and clothing,
is on all degree of duliness not surpassed in
e1.A-SA
the country appears to lay in few articles which
with some plantation orders comprise all our job
bers are doing. The most of them have been. are
engaged, and will be for another month, in taking
account OF stocks and balancing books some to
ascertain how much they hav'nt lost some to dis
cover how much they have gained, and others to
see II both ends will actually come together.
Although there are many complaints that the sea-
sons business, with the exception Of some few
grocers, has not been as remuneratiye as the i'm.
mense yield of cotton encouraged it is hoped
that there viii not be any occasion for despond.
ency or murmnring It is seriously complained of
that the collections from last years sales have not
been as satisfactory, or to that extent the large
basis for country trade-the great yield of cotton
led creditors to hope.
me general local, fancy and retail trade is of
course, over for the season. While some particular
branches Of the retail trade have been productive
OF favorable results, there are others which viii
hafdiy balance, and still others which have been
aitosether unproductive, and resulting in total
failures. These adversities, however, come at all
umes, even IN the most prosperous seasons they
attend commerce and trade in every section, city,
town and village of this great confederacy There
are, however, fewer cases of this nature (otal in
sovency) in this city than in any other Of the ex-
tent of business transacted We are infested with
so many transient traders; SO many who come
here yearly, more or less involved hoping to ex-
tricate themselves BY the great standing and i'm
mense trade in produce, which form the charac.
terstics of this great emporium that it is no won
der, in the course of every season. there are more
or less total failures and cases of insolvencies The
only wonder is that there are not more in the cate
CORY.
The general money market during the week
has been with features which were somewhat
unexpected. The want of money appears to be as
great as ever. The banks, particularly the old
banks, have been called on from day to day for
more than their income. Towards the close, YES
terday and to-day, the reflections were larger pro
Tdd than usual. The line of discounts is now over
s30,5o0O00 which is nearly 80 900 in excess of
same time last year. This, following the close of
the largest yield Of cotton on record does not look
50 very encouraging. It will be observed that the
actual increase of discounts for the week is $50 5o7
which is nothing Of Importance. The loans have
been circumscribed. The bank of Louisiana has
loaned on pledge of stock s35 900. The other
banks have loaned small sums now and then. We
reserves of s379,O42 against $4,000 for the
corresponding week last year. However, we
can state, as something in the way of a sedatiye
that the calls and applications for discounts and
loans are declining from day to day. The line of
deposits shows decline from last year Of nearly
$l,75OOO0. .==.5=
The tax on income and capital has something to
do with the withdrawal of large sums of money
every year taken to other places, where it can be
employed free. We are knowing Of $50 900 per
annum rentals, drawn by one party, and taken to
Maryland, where it is employed. This income or
amount the owner thinks ought not to be taxed
when he pays the usual taxation on the property !
which produces it. II he allows his money to lay
unemployed in bank it is subject to taxation.
There are many instances of this kind
The return to the Board of Currency from the
banks this morning exhibits the following changes
for the week 55 sz598e5SB