New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-30
Nep 0rlea1s 4aIIp Grsssent.
FINANCIAL AVID commERuaL DEPARTMENT.
slelu 0rIsalts stloasu Marhtt.


Cassossr oFyrcg, Va. 10 camp street.
sssGFass Sgils, Ia,. Is. $50 /
No perce ptibie change has transpired in genera
business for the week now closing tliss night. We
may now be aaid to be in the very height of the
business seaaon. Communication ii free and open
with the broad extent Of country connected by
commercial, financial and geographical tics with
our city, excepting with the Upper Mississippi
Pfoaucc il coming in on Us with rapid strides. st
the same time the receipts do not indicate large
| accumulation Of stocks Is to follow. The demand
for Western produce for Alabama, Georgia and
Florida on The East, aud the great state Of Texas
on the West, Is largely beyond and greatly in ex-
cess Of any previous year A demand may in
many instances be large for some specific market,
but general increase and demand Is now the rul-
ing feature for tile markets alluded to. Tie re-
ceipts of several articles Of Western products are
| now approsimating last season, while some kinds
are in excess. The business with South Alabama
and Georgia via Apalachicola particularly exhibits
large increase. The amount and value of this
inland trade cannot be arrived at with any degree
Of accuracy, only that II be counted up by mil
lions Of dollars.
The Wholesale and johbing business, in dry goods,
hardware. groceries and concomitant branches Of
trade, has been good. Stocks of merchandise OF
every kind are large, and dealers feel disposed to
be liberal. The practice Of making good and
prompt paying dealers pay for the usual bad debts
Of defaulting buyers and country traders has not
obtained any foohold, as in Northern cities, where
it is general rule to make sufficient out Of the
punetual payer to cover good per centage of the
suspended debt or delinquent debtors. Business
with Northwestern Louisiana and Texas via Red
river is increasing very rapidly, and it will speedily
be at its acme, and continue brisk for several
weeks We have to receive business from Red
river above Alexandria, which includes Texas bor
dering OF adjacent to that stream up to the raft
and from above to the extent of two hundred and
and fifty thousand bales. IT will, Of course, take
some weeks TO get through this large business
The local and general retail trade has been large
for the week. The stores, shops and millinery
establishments, with the streets which they are
located, have been crowded day after day in fine
the weather has been unexampled favorable for
the great and mighty trade which is now progress
ing in our emporium. There is no uneasiness
evneed in regard to what is going on at Washing
ton City, or the national bear garden. In fact the
embroligo in Congress does not enter the minds of
just as much money as ever, give ont obligations
as usual; crinoline and hoops are as plentiful as
ever; merchants and traders incur obligations as
formerly, and there has not been any disturbance
in financial, commercial and agricultural pursuits
from the non-organization of Congress. True there
was q little fury in exchange transactions few
days since, brought about by some operators in,
New York. 1t passed off without mourning any
Inconvenience in our money market We come to
the conclusion that il England, France and North
ern manufacturers and consumers in general, want
great staples, they will find means for tile pur-
chase money or payment for them.
The general money market during the week has
ruled steady. The dross is to be realized on at
some rate or another, but in the main the rates
rule relatively higher than last year. The offer
ings for discounts on every day of the week have
been largely beyond the income of each bank,
throwing more paper on the street, and leading
outside operators to be firm in their rates. 1t il
implicitly understood when short time paper ap-
pears on the street that it has been discussed in
bank parlors Some buyers consider it, and Others,
only regard it SO much grist coming to their
mill, but very seldom decline purchasing on the
grounds that the paper has had the honor of ap-
peafilB tNe Dirk IL VIII De Well enough
for all holders of paper to understand that the re-
lection of paper by bank directories does not i'm.
ply or cast any shade or reflection on the sound.
ness and solyency Of the paper Our banks very
often in the course of trade find that many parties
have received their share of favors or discounts,
and then the banks bound down by the restrictions
of the statute may not be in q position to grant
favor. not even to discount on pledge of Mexican
dollars for three-fourths Of their value Then again
there is often large of paper based on invest
ments strongly connected with speculation, made
with view Of holding for rise; in fact, some
Dealers traders and operators desire to monopolize
the greater part of the resources to be realized in
the market BY the return Of the banks made to
the Board of Currency to-day there will appear
one bank to be only trihe above line, and posi-
bly, the income of this bank to-day might have
ing it will have trifiing or surplus at com
mand, and may not be able to respond to only
very small portion of the 100000 or more which
may be rendered for discount. The law is before
the mandators; by that they must abide, and not
allow their specie reserves to fall below the rule
The statement of the bank returns this morning
gives tue following changes for this week:
decfsasa IN specie oil 3252
An increase in circulation Of. .-..s.....,.. 1862
An increase in deposits ef J66
An increase short loans Of 2l7 fn7
An increase in Exchange of,.... I2o952
In dis.Rnt balances
The variations in Long and Short Loans for the week
Is sn increase o. oSIdol