New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-14
Nttu OtItans Dailp Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
JEep 0rltats xtro1ep 1larhtt.


CREscEsr OFFICE. No. 70 Camp street.
Saturday Night. Jan. Il. l86i.S
General activity in produce, continued receipts
in coin, extreme dizziness in the general and local
branches of trade, favorable foreign commercial
advces, important military movements, damp and
wet weather, and the last Of the gala holidays,
comprise the chief features of the course Of events
for the week now closing, The great and impend-
ing crisis in political elements is rapidly reaching
eliminating point and though it is talked of day in
and day out, the general requirements of commerce
and trade are fully attended to.
Our city, though not so crowded with some
classes of visitors as usual yet the transient popu-
lation is daily receiving additions. The communi-
cation with Northwest Louisiana and North.ea
Texas is now fully resumed and the great inter
regnum in the important trade of that section of the
country s now resumed, and the wonted activity is
observable with all connected with the internal
trade via Red and Ouachita rivers, and the tribu-
tarles thereto. Cotton il flowing in rapidly reliev-
ing our factors connected with that rich section of
country OF much anxiety, placing them in posi-
ton to meet in general all obligations assumed and
advances made last season. Trade with Mississippi
and Western Tennessee, SO far cotton is the mo-
tive power, has been lively. With the great West,
bordering on the Ohio, there are no causes for
complaints Produce, from the great Ohio river
and from Cairo, has been received in good quaint.
| tes and there are no causes for complaint and
croaking apparent. With the Upper Mississippi
the communication via the great river is still OBJ
structed. It will, however, be open at an early
day, that is, if mild weather will have any nflu-
ence. 1t will be in season to follow the falling off
from the Ohio river. The promptness and pune
| tuallty which marks the course and management
OF Western merchants and traders-alI those con-
nected with that trade in city-are sure to in
| duce large share of the grain and provisions
| seeking cash market to come to our city. We
are receiving heavy increases over last year. and
SHALL we believe, continue to receive a share of
| the annual increase, independent of the old and
regular trade, of which city has been the recip-
lent for over thirty years.
The movements in and sales of produce for this
week in our market reach four millions and
quarter OF dollars, and the volume of money thrown
into circulation through saes payments OF freights
and other contingencies, has kept tolerable lively
| state of things in the general money market.
There has also been very active business in the
great freight market. Costs of transportation of
cotton to Europe have now attained rates that are
really onerous and exacting on the great cotton
trade.
In the general jobbing and wholesale trade such
as dry goods, hardware and clothing there has not
been any perceptible improvement. Now and
then, perhaps semi occasionally, we observe few
boxes and packages of dry goods and other nler-
chandise marked for the interior-possbly few
| boxes may be termed some few dray loads. 1t is
manifest that economy and retrenchment are the
ruling features in the country at this time. The
clothing sellers are doing something, but the gen.
eral impression is that the splendid broad cloth
and cashmere wearing apparel will not be requr-
ed this season. The great clothing trade suffers in
common with its great prototype, the dry goods.
TIE gr0cers, though doing more in proportion,
nevertheless complain of great decline from last
and previous years. This is to be expected. In
abolishing or restricting the tenor of credits for
groceries, the great incentive for large purchases
Tin many instances too large) are annulIed with
drawn.
The great fancy and local dry goods trade on the
grand boulevard Canal, and the streets of lesser
NOTE Royal and Charities, only shows little vital
ity. The grand medium, the money market
though ostensibly in abundance, is not SO freely
disbursed for late fashions and mportations c
crinoline and millinery in general. From the grea
and varied assortments, the large stocks which arr
daily exhibited, it would be supposed the supple
are ample for space of time exceeding lively
months, in which we coincide. Therefore, it j
readily suggested that more orders for mer
chandse be given, for the spring trade, particu
larry if they are to come through or via Northern
markets. In the general me ehanical and industrial
branches of trade there is as much business con!
on as usual at this season of the year. True Their
are no palatal residences under contract or to b
contracted for, for time at least. But there are
contracts for buildings on the part of persons wht
really citizens; not of the come-to-day and go
tomorrow sect Though there are apparently
some persons DESTROYS of selling real estate, or i'm
/ movable property, yet they hold at prices con
sideraby above last year, that is, they pretend t.
be ready for sale, but when prices are mentioned
they are found to be considerably in advance. Fo
instance, Mr.. A has house and lot which cost hin
$4,000; he will sell it at the price after hav
ing had one more years use of it. This is what il
circles, is called great decline in real estate
True, many fancy houses built on the palatal sys
tem will not command anything like cost. There
fore, real estate holds its own in our good city
and abiding to real estate, we venture to say tina
our late citizen, DR.. Morgan, now banker in New
York. will not sell solitary piece of property h
owns in this city at what it cost him. The recen
sale of the Fink estate sufficient proof of this
Take, for instance, an original lot of ground ant
buildings, which did not cost Mr.. Fink over $4,000
brought $57, 700. True, it is some time since tn
investment was made by the decedent. Their
are some sympathisers with the Northerners VIII
own real estate in our city they are talking 0
selling out; we hope they may, and then cea
right out they cannot be called good citizens O
the South. But truce to general subjects, an
let us inform the world how comfortably our CON
munity feels, financially. From the returns of til
banks to the Board of Currency this morning, W
are decidedly comfortable under specie resery
of over SIS, $780, 000 The reduction in loans goin
on, but it is not forced reduction. With til
large sales and returns of cotton there ought to
some reduction in the line of indebtedness, even
it has to go in debt again before the close of til
season.
The variation in the bank movement for til
, week is
AnincreaSein specie of Sl33 O5S
An increase IN circulation oil I2b5S
decrease i'll short loans of. 4727l1
An increase in deposits proper 902499
| An aSe in ESrhI n