New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-07
Neh Orleans .9atIp Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
Ylftu 0rLtnns NLonfp NIarket.
CRESCENT OFFICE. No. 70 Camp street,

gftU Orlt1Ns IloNfp IIMkt.
Crescent OFFICE. 10. 70 Camp street. ,
Saturday Night, Jan. 5. lS5I
The Improvement in general trade, which we
noticed in our last weekly summary, has continued
to extend during the week now closing. The
operations in our chief products have been Of
most satisfactory nature. Money has augmented
from day to day; the cyentful Ith Of January has
passed without those commercial throes and fnan-
cial calamities which we're so often predicted.
Very seldom has the first of a new year commence
ed with 50 very little pressure as the present
among those that were in situation to meet their
obligations. Undoubtedly the suspensions of the
two last months cleared the way for more general !
ease and facility. It is undcniabe that it the re-
action in the cotton market had taken place forty
five days ago, there would not have been over q
dozen suspensions in the factorage community. It
is also gratifying to remark that good amounts of
the paper of the suspended houses were paid and
for the information of the New York Board of Cur
rency, we have to state there are no questions of
time, nor the New York mode of making assign
ments involved in the New Orleans suspensions.
The sales Of produce for the week, including South
ern and Western staples, sum up to four millions
of dollars, all for cash.
Passing over the steady and favorable move
ments in produce, we come to the great dry goods
trade the queen of trades which we regret to have
to say is dull, extremely dull. Our sidewalks and
pavements are not blocked or crowded as usual at
this season of the year with boxes, bales and
packages of merchandise, marked for almost every
town and village in the interior There is no re-
srictive policy introduced by our merchants in the
way of credit. The usual terms are granted to old
and punctual customers. OF course, new candi.
dates for Tercanti>e pursuits, Would-be dealers
! and traders on the old credit SYSTEM must give
| some substantial proof that they are competent,
| pecuniary and socially, to fulfil arrangements as
| country merchants and traders before they can
expect the heretofore granted credits. The same
remarks apply TO the hardware and other branches
of trade, say clothing and shoes and croczery-all
old and prompt customers are treated with the
| usual liberal terms. The groccrs have universally
adopted the cash gystem Perhaps now and then
- little tme,n say sixty OF ninety days, is grant
cd where paper is realized that will blow with ease
through the bank parors. Many kinds Of groce-
ries are much lower than last season. The sup
plies of fancy Northern articles for the trade are
coming out at much less rates than last year. The
stocks and supplies of all kinds of merchandise re.
quired for the great trade of our emporium are
ample and we'll filled. OF the staple articles
coffee, sugar molasses and salt, the supplies are
abundant. There has been very marked i'm.
provement in the grocery business this week, and
the ovial and respected members Of the trade have
felt like enjoying the holidays.
The retail dry goods trade and fancy business
have somewhat improved, but the sales in general
do not correspond with the rich, gorgeous and
varied stocks which make up the contents of the
dry goods palaces on the grand boulevard, Canal
The crisis has much to do with this depression; il
fact, the sales in these branches of trade located
on Canal, Charities and Royal streets, are mmea
surably meagre, when compared with last season
and the season previous. There are also to be OBJ
served splendid stocks of jewelry, watches ant
silvervare, and two OF three wagon oads of cottol
can be readily disposed Of on the grand boulevard
in the course of one mornings shopping excursion
The impression gains ground that the usual WACO
loads Of cotton set aside, as it were for millinery
iewelry and the like, will be dsbursed in othe
fancy articles, such as are made out of lead, iro
and steel
In taking, however, an enlarged review of til
general operations for the week, considering TIKI
one of the usual grand holidays has interviewed, "
can readily congratulate our citizens on the in
provoment and the general good feeling und
which the first week of the year 1861 closes.
The banking movement for the week show
great amelioration and changes for the bette
True, the banks do not discount everything ten
cred. It would be most unwisc and impolit
course if they did. The great crisis which ms
| Affect the financial condition of the country is II
yet over, but as we are in great measure pr
pared for the worst, it is of the greatest impol
anco that VIC maintain the preparation. There a
many remarks made, why don't the banks d
count? These inquiries are put by persons WI
desire funds to remit North to support firms al
manufacturers inimical to the great South. The
there are some woudbe borrowers that desire
place all they can realize, rake and scrape, to 7
nit cut OF The South from political consideration
If these parties desire to anticipate, let them go
to the street and - get shaved :" we don't ca
how deep, and not be croWding, applying al
Fostering our banks day after day. The views
capitalists have undergone some modiGcatio
being fully satisfied that our community is not in
doubtful state, they feel disposed to nib q lit
and are taking nice bits from day to day, at frC
lG}l3 G2ct % month to Il for four and six montl
We have not heard of any new paper, payaf
next season, as being on the market, unless it is
the way Of implied renewals Of solvent part
Good mortgages are realized on from 10Gll2 u
Of course ii is not expected that capitalists a
! dealers in paper will refrain from repeated al
, sions to political elements, and borrowers or sc
CTS Of securities must make up their minds for t
oft-repeated remarks, q Hard times, out Of fun
and no money" Something like a considerable
an operator giving four checks on four dittere
banks to make up for small Investment.
The weekly return Of the banks to the Board
Currency this morning show an increase to
specie reserves, an augmentation of deposits, q
confirms the oftrcpcatcd expression that
amount of indebtedness due outside is beyond
: knowledge Of observers. The increase. in
) column of amount due distant banks is $685. 900,
) nearly 40 vet. Add to this sum the amounts c
leGted through private parties on the 4th insta
Z | which will show that the volume Of outside del
that is, the debts due to Northern traders m
% chants and manufacturers continue large. MI
8 larger than VIC hope it will be on the LIST Janua
8 1862. The specie line shows an augmentati
= which, with 5000, 900 now due to two of the ban
= will send the line towards SIS ,000,0 00 which
be about the amount required through the politi
crisis, that is, to maintain in strength and
Gi pregnability against all contingencies.
full The changes for the week in the bank movem
an. are