New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-29
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FINANCIAL AND CoaETsHCssI nEpaRTaEEssYE
s0 ORLEANS HIgneu Ilarksl.
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Our city Is more Of military camp than mart
Of trade and commerce. Everything pertaining 10
the change Is going on determiaedy and calmly.
The most important intelligence this week il ths
contemplated interference with the West BY the
Black Republicans at Cairo, and from adgices re-
ceiyed to-day, St. Lous is in possession Of the same
cohorts. There is no desire eFineed to enter into
transactions Of the least partial nature. The fall
ing of in the movements Of produce are attributed
to the almost total absence OF exchange facilities
A few thousand pounds of sterling bills changing
hands for the week 60 a very little way towards
furnishing the needfu Every bale Of cotton in
market would have been taken but for the want Of
medium Of paying for it being closed. Western
produce has been only in moderate demand, with
the exception of pork and bacon. Corn has re-
coded to prices lower than for years past, and
though the threatened blockade at Cairo may
check supplies, the stocks throughout the South
are large, ample for some months, by which time
the growing crops will meet all the wants OF the
South. The Northwestern States will be the great
est losers in fact all the traders and merchants
with threefourths of the banks of Illinois, Wiscon-
sin and Michigan, will be in state of bankruptcy
before the end of ninety dayswiIl go to universal
smash, and if Missouri does not seeede and drive
the Northern hirelings out Of st. Louis she will be
in the same box with tie other Northwestern
States.
The general wholesale and iobbing retail trade
offers nothing for comment this week. The war
fever predominates; though there have been some
sales of general merchandise, yet business is stag
nant. The season Of the year has arrived, when,
in the best Of times, business begins to decline.
The war has FASTENED the close this season. The
grand boulevard Canal, has been well crowded
every day this week, but the military movements
have formed the attraction; consequently, the re-
tail and fancy trade may be deemed as over for the
season.
The time for the annual hegira of our cosmopo
lite citizens has arrived. Several cotton operators
have closed and taken their departure. The times
very trying for those hybrid citizens, who have
their faces for the South and their pocket and feel
ings at the North. Some of these have become
alarmed, and have already departed for their IA
vored regions North of Mason and Dixon's line !:
Others are preparing, and will go Immediately, if
our bank directors would only help them out, that
is, discount some few thousands of their bills re-
| ceivable. 1t is not understood how these hybrid
| Sontherners will manage when they arrive among
! their Black Republican friends. They might come
under the rules and regulations of war.
The bank returns, as made to the Board of Cur
rency to-day, do not show any important variation
than decrease in circulation and deposits, which
is nothing unusual at this season of the year. As
SO much for the week as for the corresponding
week last year. The decrease in exchange is large
but nothing more than expected.
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