New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-31
Zen Nrleans Aallp GresfeIll.
TsaEI, ARTNIENT COLUMN =
Hen 0slfals stloaep Ilarket.
CREscEsr orrIcE, No. 10 Camp street.

i3a 8
The general Money market moves along very
quietly. In and about the banks the usual summer
stagnancy prevails. Possibly this stagnancy may
be rather stronger than otherwise it Wonld have
been, irrespective of the war elements: neyerthe-
less, we can say that we have witnessed 'sharder
siu,es,r as the phrase Is, than now prevail u our
port was not blackaded, we should not be dong
much business at this moment. We have only
about 1000 bales of our great stapie-the con-
trolling element Of the commerce OF the Wofld-4on
hand for sale. There might be d few eargoes OF
breadstuHs purchased for the West India and Mex
lean ports il our port was opened and true II war
didsnot prevail, there would be many cargees Of
merchandise landing on our lsvee. As regards the
osses in the stoppage Of business, the real resi-
dents 81 New Orleans suffer very little, compara-
lively, with the con1e-to5day and go-to-morroW
citizens of our city. IL must not be overlooked
that there have been every year thousands of
traders, mechanics, lahorers and speealatcrs who
have made enr city their home as long as they
could realize something more than their daily sub
sstence.3
Our community is not experiencing great losses
from the Interruption Of trade with the Western
States. The effects of Black Republican despotism
have 4 more telling effect on the Western States
than oh New Orleans. We can enumerate a
dozen summers when trade in our city was dullers
and More blighted than at this time. We are
merely passing through the usual summer stag
nancy, and getting along much better than the
confonnded croakers and agitators are.
Economy and retrenchment appear to be the
orders Of date. We learn that the President and
Directors Of the Canal Bank have passed resou-
ton reducing the salaries Of their officers 20 got,
to take effect from the LIST proxiTno We are not
aware whether this movement applies 70 our
friend, the President, who said we 4 talked too
much. We suppose 20 Oct. reduction would
amount to abont tive thousand dollars on his salary
Mas, h inlporte. That investment in City Railroad
shares will make up the deduction.
President Penn, Of the Union Bank, has gone to
Virginia 70 spend sixty days. Mr. Bennett Biscoe,
Of Hscoe Sinms, offciates as President pro teTa
during the interim. = #
There was nothing done in Exchange to-day.
The banks are selling Sterling over the c5anter at
HOG IOa. Francs, 5.15@5.Io OF course, il is
useless to allude to Northern funds.
Ii Bank shares we do not learn Of any sales
The last weekly return Of the banks shows great.
uniformty and exhibits the fact, that With the ex
cepfon Of some transactions in exchange, there
shot been any business doing. !
The variations tor the week are
Adecrease in specie e07e
deereaas in ctrculation 3Sg5
"A decrease deposits proper 1859
decrease = shors loans 5S623
An increase in Exchange Of. a553T
Aecrease in distant balances of Las
The variation in Long and Short discounts is a de- W
sfaase for the week Of Si7sllef
The Indebtedness Of our community to the banks
ID running down very low, and compares with the
last Saturdays Of July for five years past, as fol
lows:
q,,taI loa,,s AMI l;s,ornts3 1875 s9s s5a osI
1885,. i45I, $50
1859. q, 6S9,75S
iss1: S1 s0ltys5 E4
1851 1871, 2su
The disturbed state Of commerce and finance
cannot have any pressing effect on our community,
with only an Indebtedness direct to the banks of
sls,sToi,29o.
Condition The Banks this city for the week ending
ssntf7r Tul-r2 #