New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-25
lep Orlsa1s JlaItp Gresfeltt.
FINANCIAL AED COMMERCIAL gEPARTmEHc
aLs9 @rIeaNs 5t!eneg 5tlatke!.
CRESCENT OFFICE, E25 70 Camp street,

rupted by general holiday, has been on o scale
commensurate with any previous week during the
season. The movements in cotton we're character
lied with great activity for GjRr 1Fs VI Inc week
facsott gradually obtaining advantages, 50 that the
market closes today At prices held st 5Y5G. above
the date Of oUr last weakly review. Exchange has
been regulated with Freedom gradually ad~ !
ya4cIaq through the weGk. vhiek~has especially
favored jl.anrovemaHts in the stapiG. Under the
present disturbed state Of the political clements Of
the country, it may be considered that the cuiDli
natjEg point Of the seasons business has arrived.
We nay also add tina, the GuaatiAi and commercial
aspect Sf Europe is far very far from that quiet
ness and fagorableneas 70 encourage hopes Of re-
nuneratnG returns to our great foreign trade. The
social position Of the operatives 1aboring classes
of England, is far from that composed state which
has attended the course of events for years past
Dear bread is running hazardous course through
out the densely populated town and cities. What
is about to transpre in the North and South Of the
once United States Of North America, will be
divuIged before sixty days passes.
The most important event for the week has been
the PRONUNCIATION of the order and general notica-
ton of the Collector Of the Customs of the port and
district of New Orleans" The act Of Congress of
the Confaderated States. relating to imposts and
duties will 90 into full effect on Monday, the 4h of
March. All States Of the heretofore United States
not in the Confederacy South will be regarded
as foreign States. The old tariff Of duties of the
late United States with some few exceptions, will
| be applied to all goods, wares and merchandise
arriving from either Of the now-confederated
States. All agricultural productions in the natural
state will be free Of imposts. This includes to-
bacco in hocsheais from the Western States. Man
uractured tobacco will be subject to duty Of
so f2ct
The pronunciation of the law, its bearings on
several branches Of trade such as clothing, hats,
shoes, sadi!ery, hardware and dry goods from
Northern pors-have caused much talk, many
; comments among our merchants, dealers and
I traders. AS regards the importations from Eu-
rope and other foreign countries, and the direct
trade with ali foreign nations, the changes in the
government or custom departments will have no
influence or cause embarrassment Whatever.
With the Western and Northern trade some incon-
venence will be experienced at first, but it will
q pass away under expected notifications OF the
tariff act. OF course, it is expected that all arli-
Giles of merchandise subject to duty will be en-
= HANGED in value, and in some respects restrict
l. sales Restriction in sales was, however, to be
" expected Retrenchment and economy in ex
- penditures have been inaugurated for months past
y and no inducement, either in cheapness or long
h credits could encourage prudent tradera, planters
and Others to purchase beyond actual necessity
This resolve has had much to do with the very
great falling off in sales the present season, and
n the suggestions made last summer and autumn
and often alluded to, have been followed the
spring trade will find our commercial and trading
p community with light stocks of goods and very
!. dmini,hed bills payable account which may be
IT. carried through without trouble or creating al
undue pressure in the financial market.
lg We have only a few words to say on the whole
y sale and jobbing trade for the week The sale
IT. in groceries have been only to q very moderate
extent Some large dealers complain of q fan!
ID off from last week. while Others hold on. PosSbl
Gf if the great question of profits was fairly dssected
it would be found that our grocers have mad
money too fast in previous years, causing the grea
decline in sales this season to be followed b
lin greater preceptbility. The same remark wi
Of applv to many other branches of trade, some
which have been attended with extraordinary ia
2 orable results. In the great dry goods trade the
have been some sales-just sufficient to keep or
- in mind that there is such thing as busnes
er. There are, however, not exposed, as heretofor
-" on the payements boxes, bales aud packages
: goods. marked for almost every town and VlaE
- in the adjoining States. We learn that there ha'
er been merchants from the interior Of Alabama
our city endehvnrng to purchase on the usu
,,a Northern facilities but met with no favorable r
: sponse This Alabama trade will now seek Charlie
lip ton and Savannah. 1t confirms our previous IT
M marks that we have mot sufficient capital nvese
in the great dry goods trade of our city, also
- hardware. Whether any increase in capital q
.%o increase in the number of stores and importer
val can be realized for some time to come is in ii
vista of futurity. So long money and gains a
.,u cumulaed here are taken North and then re
Of vested so long wthe local trade of our emporiu
-, remain subject to Northern domiDeering. Rpli
from these evils will soon be at hand and remed
an aDpie1. The fancy and retail trade on the gran
we boulevard and other localities has been well 81
tnined, vet there is great falling off in the amour
: of money thrown into circulation through this loo
n% branch of business from last year. Wagon loat
of cotton or bales of the staple are looked at twi,
' before being SO avishy ditTnSed in former year
= True there are some parties, visitors, who spel
hD as literally as ever, but they far and few
gil, tween, and the number of others who desire
. follow is greatly diminished, therefore the voun
n of money 10 circulation is greatly circumsclibed.
ad- The Dro1uc transnc tions for the week sum
four millions and three quarters of dollars F
= these transactions alone, it will be observed,
G"a large amount nf money changes hands daily. 7
sh, week closes on an abundant supply of money
J. paDer and securities that not to be had 4
rnn made, not issued. Lenders of money, dealers
y,o paper still adhere to their restrictive views.
# they will only adhere to them for few wee
70 longer the community will dispense with borro
, ing aud selling paper.
"n,i We have from day to-day given the position
'S"' the money market, and t" day was only count
o. part of every day Of the week. The quotations
ico,, paper might be dispensed WITH there is We
n"T little paper anat That meets the views of buye
y The weekly return of the banks to the Board
= Currency does not show any important varat
hs,k from last week. A 81 ght variation in specie,
wi Increase in circulation, decrease in short
v counts of over half million of dollars the p
= miueut features of the return. The variation
;rlAr -.
- exchange is light
30 The changes for the week in the movement
ie3 the banks
, ST. in speci Observation-Disclosures, IS 574
' all ~. T., ;, 49, -, - n,r,,n. greg
t" A in short 52,UI7
~ rncG,HSr in eX hhngc Off,. ........... E2ti
~ A ii-tAU balances OF lu5, l5i
- The II in NJ uNd sho loans tor the week
he. is an inv ensv sl22 IA
,h.c The increase in long loans for the week is 6