New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-18
Nth 0rleuIrs 4ailp Crtsttrt.
FINANCIAL AND COMMERCIAL DEPARTMENT
Ita SrLsans Mouep market.

SATURDAY Night, feb. TO- lSbl.t |
Tie business Of the week has been attended with |
large receipts Of produce Of almos! every descrip
ton which seek our emporium for sae, and al |
though the sales have not been to the extent Of re-
seipts, they overtop s. 900 900. The great Ex- |
change market has, in some degree, restricted
large transactions in cotton and breadstuff for for
eign markets; nevertheless, under the agtated po
Son Of the political elements Of the country, there
cannot be any reasonable grounds for murmuring
with the course Of the weeks transactions. North
ern journals are harping the diversion Of trade
and diversion Of shipments Of produce from the
South and West to the Eastern cities. Yet there is
no falling off in the great produce trade Of our
city, beyond wi at results from the deficiency of
our two great staples. Our community il doing az
much business Us prudence and safety warrants for
the present.
1t will not be many days or weeks before the BUSH
for this season will have attained its cum-
mating point. Over threefourths of the cotton ex-
pected to be received here this season has been re-
ceived. Of sugar and molasses, more than half of
the yield has been disposed Of. A large quantity
of Western productions will be coming for the next
two months. AS for sugar and cotton there will
be very light receipts after the middle Of April. In
fact, we may anticipate very early termination
of the seasons business for 1860 and 1861.
There has been a good demand for the Ala
bama, Georgia and Florida trade the entire week;
but, in the natural course of events this trade must
ere long begin to slacken. With Texas business is
we'll sustained. We do not hear of any complaints
from that section only from the deficiency OF crops
last season, which has restricted the ability of the
interior Of that State to meet up in full. The
trade with Northwestern Louisiana has Improved.
The shortness Of the crop of cotton in that
region is now manifest. 1t is believed that the
planting interest in that improving section, say
Northeastern Texas and North Louisiana, will pay
to the extent of their ability. The planters and
citizens of that retired region are not given to
travelling Northward and spending money so freely
as those of other localities. They remain at home
and attend to their business; though there are
some, but they are few and far between, that dis
regard their obligations, and pay several months
after convenience, possibly year or two for
respite One great feature in the change in the
system of planters is the intent to devote more land
to the cultivation of cereals and esculents-though
the increase of these essentials has been going
for years yet in SO limited manner not to lead
to any general relief. Last season was an unusu'
ally dry one: OF course, short yields were the
turns rendering it necessary to look to the great
West for breadstufs and we'll has the West sent
forward the contents of its vast granaries and
warehouses increasing the quantity Of corn alone
10 three times the quantity Of last year, with
heavy increase of other productions. All sec
tons of the great Southwest are now feeling the
effects of iniudcious Investments in lands and
negroes for the last two years; let this pass, and
we can only urge the study of political and plant.
ing economy hereafter.
The wholesale and jobbng of the city has slightly
improved. The improvement and increase of sales
this week, added to the same of last week, gives
US some basis to say that there is some business,
some sales of general merchandise going on. The
erocers, though complaining, are making daily
sales; in fact, it is not supposed that the many
goods turned out as marked for so many places for
the interior are drumming movements. Though
there is great decline from last year, possibly il
the groceries were sold on credit, last year and
BEFORE there would be larger sales to record. The
hardware dealers are doing some little. Complaints
are general of light collections from last years
business, which gives no encouragement to extend
| facilities this season. Where customers pay up
they are credited again; if they do not pay more
than one-half, they credited with as much as
they pay. The dry goods feel the general depres-
u X
buyers, merchants from the interior, looking about
but the resources of most Of our jobbers so
restricted their capital not of that ampleness to
compete with New York and Philadelphia, nor
even BALTIMORE tha1 me creahs granted IN those
cities are not a'ta'aaote mere. we learn ina IN
the city of Memphis dry goods can be purchased
on more favorable terms thah IN New Orleans. II
there Is not suilicent capital embarked IN the dry
goods trade IN our CITY as 10 warrant competition
with other cities, why 1t Is 10 De regretted.
The general retail ana fancy trade, sales IN dry
goods, millinery, jewellery, haberdashery in gen.
era!, have improved during the week. me sales
| are'much less than last year, ana many stocks or
parts OF stocks will have to be carried over till
next season.
There have neeh some movements IN the pack
age sale OF boots ana shoes, ana other coneom'-
tant branches OF TRADE nave ielI the liipu'se' ana
the general impression preVoi's II lhere are 10 De
any sales ts season 1t Is ABOUT 'ie ior some $40"
OIL theh'.
we nave, from DAY 10 Gay, gwen the movements
IN the money anu paper ina'het' 1o'uay mas peeh
counterpart OIL tneil' lne o''er'lss ior uSco''n'
at the prlncipal pafks were ABOVE tle lheolne'
though IN 1he there was oiiiy "sl'sn' III
crease some lie" ou'Slue .t"hSaotoils were car
rieo liroueA Ill ''ie l".e u - "'o - per CENT