New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-07
Ntb 0rlsans Bully Grsstent.
FINANCIAL AND COMMERCIAL pEpARTsrEuT,
,gsn 0rIeans Hlonsv NlMhet.
cREsoEsr uyfscr. No 70 Csnsr street, !
= EEL Saturday Might. Mag 5, 1860. )

5s.-ssr 9 Saturday Might. Mag 5, 1850.
With the advance in the season, bnsiness has dar.
ing this week gradually fallen Off and approached
the summer standard with some acceIeration.
Our great element of trade has had to contend
against depressing foreign advices, while business
in general all round, ii may be termed, has had
somewhat of stringency in our money market to
meet There are complaints that considerable sums
of the indebtedness in some sections Of the coun-
try has not been fully cancelled, which has caused
some uneasiness as it is very questionable whether
the delinquents will relieve their creditors this
season. In some parts of the country, dealers and
traders have been investing in cotton Of ratherlow
qualities, which has proved anything but satisfac
tory undoubtedly there have been large losses.
investments having been predicated on four mil
lion CROP and the good prices the early sales Of the
season, say in September, October and November
last yielded. II will thus be seen that specializing
in the staple Is not confined to operations and in
vestments between New Orleans, Liverpool and
Hayre. That 1t has been carried on in almost
every town and interior market, and much Of It
greatly to the Inconvenience and cost of our COM
mercial community Moreover it is charged that
the credits given here have been used to the bene
fit Of Northern cities, that is obligations and debts
due North have been paid by funds and resources
which were due onr merchants. This will lead
to the more extended credits being granted
North, larger purchases of merchandise made and
possibly by favorable business season next year,
our merchants then may receive share of or all
their dues. 6
The sales Of Cotton for this week reach 26, 600
bales, against 10000 bales for the corresponding
week last year. there had been greater share
Of the stock on sale Of better qualities the sales
would OF course have been more free, therefore
the market has been very little influenced by the
| stringency in the money market, because II there
was good Cotton offered it would all have been
TAKEN favored as the market is by extreme low
freights, high or good rates Of exchange; in fact
all the good exchange is taken whenever offered
In Tobacco there have been operations to fair ex-
tent. The low scale of freights to foreign coun-
tries greatly favors the weed market. If the Euro
pean markets gave any encouragement there might
be large shipments from here Of Breadstuis under
the existing low rates of freights, though the Eng
lish markets represent an Improvement, yet he
must be bold operator who will at this moment
purchase largely moderately ofsBreadstuns and
Provisions for shipment thither.
As regards the general local, retail and fancy
dry goods trade, millinery, haberdashery, and the
coneomitant demands of crnolinedonl the trade for
the season is about ever; in fact ernolinedom is
going into summer retirement about month in
tha dsr. nd daaars -, loo rnss char..as povo,
!. - rs.raI - a..
a,-aa,s sor rro1a - ,,roh.sa f,rtbar
niles ~ cast-oH ,r,mneru anita sbion stocts nf
s;,ts oewr.wa IA b,bsrda.herv 10 offsr = A.
good rstrnns ~ fore;on fasbohs ~ tba onen;no ~
trade next antumn Unless some unforseen dsturb.
ancas tate mace "a NAV ioot a. Iaraa ,onorta.
t;ona &c drv goods and othsr :. cbasas y, IRON,
| Eurone ~ n,eet orr fall trade n.rtcnlor,v # u
NJ fayored Win cooa crons n H. mea Is time Is
snooest ia all dealers and tradas enumerated that
thew watch the crous. or rather the accounts Of
| them from week to week before thew complete
their purchases and Investments; also in the mean
time that they read the columns of the New Orleans
Daily Crescent thoroughly, they will have a safe
| guide to measure their purchases,
L = y !fl SOL ( Each