New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-22
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Considering we are la 4 state Of war, general
ms sn,enfs Id trade for the week have been on 0
scale commensurate with autieipations. There
hpe been sales Of cotton, sugar niolasses, bread
stuIss ana provisions IKE communication with
Mobile bling nov opened, has encouraged some
purchases for the Alabama and Florida markets
In fhe general local and iehbing trade, there have
aiso been sales. X few packages u dry-goods
have also been turned ont and some other branches
aof trade have not been altogether neglected. IEe
ensraf retail trade about As depressed r. ltean
well be. Tie grand henls Cana, j. eesefsea'
W. fill dis shopping excursions ferns Us grand tea
silre The street is crowd every clear afternoon
u bat HI ii for exclusions thu City aiiroad
il ont af place fos citizens to#be complain
Ing aiid nnrrnarifg NJ The general stagnalacy of
commerce. have WA trade to be dnller and
more depressed 1T several epochs during the last
quafter cf eantury. Az for any amelioration for
months 10 come there is not the least prospect
4 Before any permanent Improvement can be real
lied, our must be free Of blockade Or opened,
and the Eonfederacy Of the South implied If not
expires recognized an independent Government
ly Euro pean powers. This sequel must follow be-
fore any hopes OF d hetterment in trade and com
i lnerce can properly be entertained. Bat whether
We are now at the fncipieney Of a war which may
last for one, three Or more years. is question
IN the vista Of futurity The country is preparing
for As regards the blockade Of our port it will
NOT III all probability be respected by either the
/ British or French governments. A auestion may
a arise these tyyo or other Governments reeog
I nize the Independence Of the Confederate States,
tlsen they may recognize the biockade provided il
is effective The question afterwards will come up
n What is an effective blockade Of more than two
Thousand miles Of sea-coast, and one-thrd Of such
coast subject To northers, which no vessels can
Withstand 5
1t is of very little use at time to be thinking
Of an active trade when the usual season Of bns
mess returns. There are a great many inquiries
n and remarks how are our preduct ton and
sugar to be moved How are exchanges to be-
N regulated, and how il the commerce of the South
Z To BIZ regulated :? IN advance Of all thoughts and
n movements regarding the great cotton crop many
important iatons and treaties have to be ear
y ried ont beforesany trade can berealizsd. There
appears To be no other thought with many Of our
Msrch ants but resumption Of general business on
tbs advent of October, The bulk Of the crops will
not be Forwarded 70 nlarket. we may expect this
season to be something Of des5os,. Some parties
talk as calmly % piping and forwarding cotton
the coming season AS though the removal Of the
Blockade of Southern is was really thing sure
to he ICED. 10 curt long arguments and dis
citations, Il mas as well be known frst as last,
hHIk of cro of cotton Will be retained in
Tie country not even VIII ii be forwarded TO the
4 shiiping 81 ports, ny under contingencies Of
{ The action Of European governments. What these
neies embrace, II unnecessary for US to-
iilate an. "a
# The general money market continues in q state
Of extreme qniesness ResrenchMent and economy
rale. iii Us months there Will De no general de-.
Iaand for discounts and loans 0nF sommunity is
reducing It's indebtedness to tie banks ;lt the rate
Of quarter Of million Of dollars per week, per
average for the last ten weeks. There Is no bust
ness now that can submit 10 higher lotions than
10Dl2 asat: per annunl.
returns IF the hanks to-day to the Board Of
Currency show 4 gradual reduction in liabilities,
with very moderate decline III the specie re.
Heryes The increase ia short loans in active move
Inents Of ss22 auS is nominal; il, is merely the
tralisfer from dead weight to the amount Of ninety
Day paper. The decrease in circulation is triling.
le public would take the issues of our banks with
the greatest avidity, il they could obtain them.
4 The changes for the week are
sos
A aSefease in $40
@ A deeseass IN deposifs proper 2el1S