New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-08-10
aea NELeats aIgllsu ztEatket.

CREscEaF oFFrcg, No. 10 Camp stres,3
Ii is hardly necessary to allude to the general
stagnaney Of trade and commerce to confirm the
position Of the money aud paper market. We OBJ
serve that tie monetary articles Of the New York
papers are endeayoring to inspire confidence in
the appointment Of George B. Mcclellan to the
command Of the Northern forces at Washington.
The financial position of New York rotten to the
core. although the banks Of that city pretend to
hold $46,oo9,000. These figures are mere pre-
tence, and made to go through the Clearing house
as 50 much coin actually held by the banks, when
over thirty millions of dollars belong to foreign
bankers and agents. There is no other alternative
than To consider the moneyed circles Of New York
Boston and Philadelphia, as bankrupt. We may
1earn,af SO many capitalists willing to advance so
much to subjugate the South, but somehow or
another since the 21st day Of July they have been
decidedly offish in their tenders that the small
potato aristocrat Mons. Auguste Belmont, who has
been for years subsisting on Rohschilds will come
back from Europe with something of flea in his
ear thsre IL not doubt Itmnst not be forgotten
that this genius made flying return from Europe,
and embarked again for Europe on the 18th of July,
& with the act in his pocket Of Lincoln's Congress
authorizing loan of s25o0O0 900. or Course,
DlQus. 4oclluDIlee 10 BOTTOM least
100000 in Europe, for which he will charge a
tolerabie round brokerage, say one,half Get, or
half million Of dollars. Though Mons Belmont has
had the high honor conferred on him Of represent
ing the United States at the Hague nevertheless,
he is not unmndfui Of the very small pittiance Of
Oct. brokerage be it on a loan of sl0000OoO0 or
a tonsoriol operation Of a thousand dollars. Bel
mont, though half Christian aud about half Of the
AL I ~ -
eitherif pecuniary advantages were to be realized
However, he viii be dnmbfounded when the
/ Canada's advices of the Gath ult. reach Lombard
and Threadneedle streets; and from all informa-
tion before u.s. he will be met by the Rothsehilds,
when be presents the proposals Of Lincoln, Seward
a Co., with the new monosyable, 9 no-sir-ee!n
AS before intimated, the week closes under great
qnietness not much more than we have known in
& years past. In seasons Of epidemics there was no
business doing. We cannot expect much more
during state of war with our port under blockade.
Assregards the blockade, it has caused very little
trouble. There might have been some eargoes of
merchandise received. and there would have been
some little trade going on with the West India
Islands and Mexico. Further than the Interrupt.
ton there has not been any untoward results from
tbs blockade. OF course, if there is no business
doing, there cannot be any want Of money, and we
have merely to repeat that the week closes with
out any offerings of paper worthy Of notice, and
without any applicants for favors, unless they can
be realized at from 1@l4 yet. per month. ANY
paper offering at higher rates, or at 2G93 get per
month, may be considered as in the crater.
In stocks there has been no transaction worthy
of quotation. To-day there was a sale of 20 shares
Of City Railroad stock at I25. As our friend, the
Ajax, has not sent for that hat, il is at the COM
Inand of the City Railroad Company.
There were some small TRANSACTIONS in Foreign
Exchange. We quote sales Of sterling outside at
lG61@lo7 while the banks are selling az ll8alIo4.
The medium rates range at from lo7aaiOs, but
quotations all round may be considered al nominal,
OF course ignoring all transactions in Northern q
Nesv York funds, We have not remark to make
There is very little doing in distant hank notes.
y All The issues Of the Northwestern banks are re-
garded as doubtful. Missouriis deemed as ruined
Indiana as doubtful, and Kentucky in stays, waver
ng and shaking.
American silver coin has advanced to par, and
every one having commodities for sale are very
willing ID receive ii. There are but few Of the
Confederate Treasury notes offering. The action
of Congress Is waited for in regard to the standard
Land warrants arc offered az 40614sc, par acre
The old defnnct has no lands in the Confederatad
States; consequently, its issues are dull neffably
dull.
i FIsASeEaL AND CoMNERcIAL.-N FORK, Au-
gust 1.-The terrible news from Virginia, the re-
treat Of the Grand Army the depressing effect
Dpon everything the shape OF stock transac tions,
leavesus ItIeto say at this time, save thar the de-
cline Is general and gloom and dfstrust have