New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-08
Nen Orleans 1ailg Cresfent.
DERARTMENT COLUMNS
,Nep Orleans Mloneu Hlarket.
osEscrsr orrIcE. No. 10 Camp atrest,

osrsoxxr orrIcE. No. 10 Camp street,
Saturday Evening, July 8, 1851.
The movements in financial circles for the week
have been to the extent anticipated. The gradual
reduction Of Indebtedness which was inaagurated
some weeks since, still continues. The reduction
this week is about u get. If it goes on at this
rate for four or Eve months, the bills receivable of
the banks will be reduced to an amount next to
nothing. We have not yet reached that declension
in trade when we have not a sale of cotton to
chronicle for the space Of week. There have
also been some movements in tobacco. The
transactions are on the private order. The French
Governments in want Of the weed. The market
for which the purchases are made is not made
known 1t will, however. be proper for our author
tiles to keepa strict surveillance and prevent any
of these purchases from going to New ork via the
inland route
In breadstufEs and pro visions the sales have been
confined to some few orders for plantation pur-
poses and the usual city demand. Spectators and
monopolists have been taken all aback by the
steady supply Of breadstufs. The country intends
to supply itself from natures warehouses. In
provisions the threatened scarcity has not been
realized, and would-be monopolists are somewhat
nonplussed; though prices are high for all kinds,
excepting the fat cattle Of the Texas and Attaka-
pas praiFies. they are greatly below starving
prices The provision dealers in the West are
suffering from the blockade. failing daily, and their
stocks on hand spelling As they have sown so
must they reap, end the bowling which is made in
st. Louis and Cincinnati is the precursor to the
total commercial ruin of these two cities, throwing
aside the minor cities and towns.
In the local and retail trade for the week there
have been some small transactions. The great
drygoods trade feels the effects of war more than
ant yaft Thab ar 5a do;,, Az,
unless in the way Of shooting irons for which there
is an active demand. Bat unfortunately our deal
ers in the line are out Of stock, and are losing
good harvest The grand boulevard, Canal, though
daily thronged at certain hours, presents not an
object for remark, other than being the grand cen.
ter Of thousands Of citizens DESTROYS of awaiting
themselves Of the advantages Of that great nstitu
tion-the City Railroad The grand boulevard is
a g place y after P. III. every day.
The paper marketf0r the week has been in stae.
quo, and will remain in the position for weeks to
come. Borrowers are few and far between, and
growing less day after day. Loans are seldom ap-
piled for, unless there are symptoms of obtaining
them at reasonable rates, not over 1tl2 f9ct per
month. Confidence is -ell maintained, and with |
the prospect of abundant crops, there is no pro-
liability of the future being endangered.
The weekly return Of the banks, made to the
Board Of Currency this morning, show continued
strength. The specie on hand is 66 49-l00 of cash
liabilities, against G5 % last week The specie line
shows an increase for the week, which is an indi-
cation that the boarding process is passing off |
This is paipable from the fact that some Of the
banks have been applied to for their notes in ex-
change for COIN The total decrease in loans and
discounts for the week is s310.s1G. The variations
in the general movements for the week are