New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-05-20
ge0 0rlsars Qailp Cresfert.
FINANCIAL AND COMMERCIAL DEPARTMENT
8eU 0rlesus munsg EEarast.
oREsexNr OFFICE Ta. IN Gsrnp streas
Saturf6r Nfefat IiaV IA 1871. J;

In financial and commercia! circles the week
as financial affairs are concerned, they close more
favorably than anticipat by some Of orr eitizens
New Orleans is not going TO suspend, or burst, as
the phrase is. Monsy appears to be accommodating
in our banks taking the line Of deposits with the
banks, which have increased this week instead OF
decreasing. The effects of the var have been in
part if not in full, discounted. There is no oeea-
sion for dependency. True, many parties who
have been for years making pleasure jaunts, will
be circumscribed this season. They will have 30
much more to aid the glorious cause Of Southern
independence.
In a commercial aspect, it is not expected that
we should have any important movements 70 re-
view. The annual close of the seasons business 10
at hand. Irrespective of war exctements, we
could not expect to have any large Of important
| movements to review. Our financial and CONNER
eial communities in the strongest position; they
are not failing and suspending by dozens per day
as in New York and Boston. True, we hear COM
plants of hard times and great scarcity OF the
needful, but these are borrowed expressions. Inc
close Of business, the season OF dizziness ana gen.
eral closing up of all transactions which have at
tended the commercial history of our city for thirty
years past is at hand. We are not aware that
there should be any exception in favor of this sea-
son. It is not known nor expected that there nave
been movements nor any arrangements entered
into for business for the coming five months beyond
what has existed Tor years past In the month OF
May. This annual suspension Of large transactions
and business in general will give our citizens more
time to carry out the preparations and purposes,
to attend more fully to the intents of the Black
Republican Government at Washington City. War
and Sighting being uppermOst on the minds Of every
man, woman and child throughout the South-w
as well as our city, we come to the conclusion az
once that one of the grandest drubbngs and de-
feats is in store for Mr.. Lincoln and Gen. Scott
with all the New York aud Northern capitalists
and bankers. AS for Northern capitalists, there
will scarcely be one Ieftif the war lasts six months
They and all the bankers and banks in the city o.
New York will only exist on paper and in memory
Sic transit gloria n.ufads. ..
There have been some sales Of merchandise TIM
week-all business has not departed. Ihe whole
sale and obbing stocks appear to be full and ampi
for the season and demand, with the exception Q
some few kinds of woolens for soldiers and wa
uses As very little business or very lew sales al
made after the middle of May to the country trade
there cannot be much disappointment under u
present attitude of the political elements that thei
should be SO very little demand, and so few dealer
and traders from the country in the market at I'll
time. ~.Yp ..n..
The local ond retail trade offers nothing for con
ment this week. Crinoline is going into suhm'
quarters, and making use of old supplies, reduce
L the demand on the grand boulevard, Canal
Notwithstanding the adverse Influences, IL
movements in produce this week exceed one m
lion of dollars. So far as the great staple IS co
cerned, we may remark that the season is virtual
" closed. ..--
The general money market has been qni
J throughout the week. Capitalists seem dispos
to hold on. Among the notable signs we oossr
that the line of deposits in our banks has lncreas
J this week. With decrease in circulation, and
s very triaing falling off in the specie reserves,
0 return made to the Board of Currency this norm
. shows the following changesin the bank moVem
- | for the week: