New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-05-13
Hen 0EleaIgs 4ailp Cresfent.
FINANCIAL AND COMMERCIAL DEPARTMENT
gtw Orleans 3Elolsen gEarAet.

special note, either financial or commercial. Our
city continues TO present the features and aspect
of military Gasp. War row being folly reeog-
nized between the North and South, and the sea
son Of business being so nearly at an end, war,
war and fighting will be the Tatchwords for the 4
summer. The most important movement on the
part of the Black Republican Government, to
PROSTATE and break up trade, is the interdiet
issued, forbidding the shipment of produce from
the Western States to the Southern Gonfederacy.
This measure falls perfectly harmless the South,
AT no time for years past have there been larger
stocks of Western produce, breadstuG3 particu-
larly, than at the present time. Oar Western
traders warehouses are filed to repetion, with no
prospect of being relieved for the present. Corn,
the great staff. sells at an average price OF fifty
cents per bushel-cheaper than it has been for
years. Other articles of consumption are nos re-.
latively in price higher than last year. Notwssht
standing the ukase of the Dictator at Washington,
forbdding shipments Of productions from Kea-
lucky, the articles of bagging and rope are in good
supply and the prices not affected by the snspeR-
sion of intercourse.
Our great staple (cotton) has been in active re-
guest-buyers have taken all they could raise the
means to pay for, with a very diminished stock on
the market for sale. Tobacco has taken start, t
and purchases have been free. The weeks sales I
in produce will foot up about eight hundred thou |
sand dollars, not requiring very large amount of |
money to carry through the movements.
If the tocsin of war did not rule paramount, we |
should have moderate, extremely reduced transac
| tons to review. There not half dozen ship |
loads of cotton in first factors hands There
is modicurn quantity of tobacco to be received |
and sold, which, with very reduced stock of sac
charine forms the only basis for the winding up Of
the business season Of lSG0--'61. Peradvenure, if
| we were not involved in war, we might have to
chronicle that our banking Institutions were dis
counting literally and granting all facilities IN the
| way of discounts, long, short and medium-dated
paper for the several branches and agencies of
Northern manufacturers dealers in clothing,
branches of dry-goods and hardware firms grant
ing discounts and otherwise inadvertently aid in
supporting the North in all its tergversations,
treachery and dupicity to the South.
In the wholesale and iobbing trade there have
been no sales worthy of comment. True, there
have been several sales of dry-goods and shoes,
little hardware, with some transactions in groce-
ries, of very dminutive nature, hardly sufficient
to employ one dray for transportation. 1t is not
supposed that if the war element did not prevail
we should have to remark on large sales Of groce-
ries, because the close Of the cotton trade closes
there is little cash stirring among the grocers.
The general, retail and fancy trade is over. The
& grand boulevard, Canal, is partially deserted. The
> weather is becoming too warm for shopping ex-
cursions, let alone the supposed scarcity of the
needful to maintain the usual retail sales of
former years. The stocks Of dry-goods staple and
fancy, aud millinery are ample for the season, and il
j: the suspension of trade with the North continues
e for months year. the less money will be want
It ed to send out of the country. There are no fears
entertained by political economists and writer's but
: we can stand non.intercourse with all North OF
Mason and Dixon's line for years.
). The weekly return of the banks shows well
ae Though there are variations in some items, the
' movements correspond with last year at this time
that is a decrease or falling off in each item. The
~ circulation year ago was 2,22S,24t; deposits
974 coin in vault, sll67l,974. These item
are represented to-day ,796 as circulation
az deposits $19 l54 1884, and coin in vault SIS Az
1t will be observed that the deposit line is nearl
90 three quarters of million Of dollars in excess {
% last year.
% Under the recognizauce of war our banks cannc
receive any paper for collection from the enemie
of the Southern Confederacy. Many of the Eas
ern manufacturers have given directions to thei
agents in New York and Philadelphia to sell n
goods from their factories to go South. Of course
~ our banks, as well as all collection agents, wi
he understand that by receiving and attempting th
er collection of debts for account of Northern cit
zens is aiding and abettiug the enemies of tn
:. South, with whom we are now at war. Nor ca
the Courts of Law take cognizance of suits broug
et for account of Northern citizens so it follows thu
as all our banks collection agents and ALL as well
la regular correspondents, are amenabe to misprsc
for receiving notes, accounts or in any manner al
ysS ing our enemies. and that if paper, notes or
, counts come to them for collection from parties
e. Northern States, all they have to do is just to
turn them by the first conveyance. The payne
of rents to Northern owners of property is also /
hibited by the law of war; consequently, tenan
can either pay their rents now or when peace
inh re.establshed, as it is not presumed they will
,ue pudate, but they are forbidden to aid and ass
the residents of the Northern Government, wi
which the South is at war;
eiis The banks have not lost much coin this wee
The variations in the movement for the week are
and decrease in specie Of. S2ss 759
TIT A decrease circulation off,. guantanamo. 359 4SI
decrease in asPS osn pf9 o
decrease in Exchange of. -.....,.... 4s5,Sis
I'M variation Long and Short Loans is de- ss,s ,e
hole The variations in the movements for the corr
itOu ponding week last year we're
decrease in circulation ..,........... AS 3t5
=. ot deer ase in deposits proper 2567st
decrease in short loans of ...........'. S9E d5
decrease n Exchange ,, on, o al
co The vara and short loans for the week
The total of loans due The banks on the llh Of
I'd b, az All tb W ih Of May 1880 s00ll
me the 18th Of May, 1861. 2leo'
anon And only owing about twothrds as much
AS year to our banks last year at this time,
tinQ community can well spare time to carry On