New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-08
Uen Orleans laiIp Gresfenl.
FINANCIAL AND COMMERCIAL DEPARTMENT
5ltn Orlsaas Eloasg Mlmkst.
cerscEsr orr1eE. No. % camp .trs


With the exception Of falling off ID the sales Of
cotton, business for the week has maintained an
average extent for weeks past. The decline in the
tranaactions in the great staple is due to the limited
quantity on sale, blended with advancing prices
and the certainty that the lowest estimates may
rule. In other branches of the produce trade
there has been considerable activity prevailing.
In breadstuffs the supplies continue to be remarka-
bly, well sustained, with more on the way hitler.
The tobacco market has received an impetus under
purchases for the French Government, and with
speculative movements brought about by well au-
thenteated accounts Of very diminished receipts for
the season, our local great staple, sugar, has i'm
proved in value as well as in demand. The Black
Republican tariff has not at all influenced move
ments in fact, if sugar and molasses were admitted
duty free into the Northern States we find sale
in New Orleans for all that can be cultivated in
Louisiana. They can bring the trash and dirt from
Mauritius to the port of Baltimore, call it sug ar,
pay &c. q ID duty, and consumers will give pre-
ference to the clean sugar Of Louisiana at from 80
to 50 Get. advance.
The political movements at Washington and
Montgomery have only attracted few comments.
There is not the least prospect Of an immediate adj
iustment of the difficulties between the two Gov
ernments. This is the view we have held and
maintained for weeks past. We never expected
the great secession could be carried through with
out resort to sulphur, saltpetre and iron. The
weeks business has, however, been conducted
without any influence from war alarms and though
there may be some attempt to blockade or inter
rupt the mouths of the Mississippi yet, as the sea-
son for business has far advanced and very little
more of the great staple to be received any little
passage at arms between the North and South
will serve for little pastme here in the South and
prevent the usual ennui and dullness of the summer
months. So far as our financial position is CON
sdered, that is beyond all apprehension. The gen
eral requirements and necessities Of business and
trade will be comparatively light, and moneyed
institutions will pass the under greatly re-
duced solicitations for loans and discounts-that is,
there is prospect at this moment, Of any legiti-
mate and regular business requiring more than or
binary facilities from our banks for the remainder
Of the commercial year. And, in face of material
falling off in the movements of cotton, the produce
transactions-say sugar, molasses, tobacco, flour
and corn-sum up to the respectable figures Of two
million and quarters Of dollars. To these
regular sales of foreign merchandise, comprising
coffee, salt, ETC., etc.
The tributaries of the Upper Mississippi river are
all rising, and communication is now free and I'M
INSTRUCTED from the Crescent City to the Falls
of st. Anthony, with connections via the tributa-
ries. With Arkansas there ia good business
going forward via the river of that name, and from
the records Of the Custom house, boats continue to
leave for the State of Arkansas via the Ouachita
river. The port of Camden, in the foreign State of
Arkansas, makes considerable of a show in the
weekly list of clearances through our Custom
house. If Arkansas does not come into the Con-
federated States within short time it will not be
long before we shall add to the daily list of en-
frances at our Custom-house aatboats and barges
loaded with coal from the Ouachita mines, which
will be subject to duty of 10 pct, the same as
the coal from Pittsburg, the Kentucky mines and
from England. The patriotic State of Arkansas
had best throw off the thraldom from the Black
Republican administration at an early a day as
possible.
The general wholesale and jobbing business
has been fair for the week-no complaints in gem
eral, only the sales not to the extent of last
year. The dry goods trade moves along very
steadily, as well as the concomitant branches-say
clothing, boots and shoes, hardware, and go on
There will be no money lost in these branches of
business this season, and if a curtailment in the
mode of credit had not been adopted, profit and
loss accounts would have footed up largely on
paper this season. The grocery business has been
very good for the week; though there are some
complaints and murmurings, they are expressed in
all times and at all seasons. Nothing of an i'm
portant character has attended the local and re-
tail trade.
Our city has been thronged this week with visit
ors the attractions to thegreat Metaire course be-
ing the grand CENTER and day after day the move
ments Gas they say in the bank parlors) towards
the ridge have been large and lively aud though
our migratory population are preparing to leave,
and are leaving daily, transient residents and all it
is apparent that the travelling Norhward this sen
son will be greatly diminished. From various
causes, the come to-day and go.to-morrow traders
and dealers have not realized any large returns
from their pilgrimage hitler this season; never
theess, there will be large sums of money taken
from our midst by these peripatetc dealers, and
some who call themselves Southerners will leave
taking few hundred thousand dollars, by way of
showing their kindness and friendship for Southern
liberaty and to promote their Northern friends
South. IN the meantime, it behoves our bank
mandators to scrutinize closely the various offer
ngs that are made to them and refuse all applica-
lions where there is the least probability that the
parties are intending to take the proceeds to dis.
tant countries but grant all reasonable aid to mem
bers of our mercantile community TO enable them
to relieve themselves of the thraldom of Northern
Indebtedness and when once they are relieved it
is hoped they will not again allow themselves to
become subject to Northern demands or Black
Republicans.
We have from day to day remarked on the money
market The amount of money seeking employ
ment is not lessening. The suspended houses
that is, the factors-are paying up just fast as
they can, which bespeaks favorably, and the most
of them will be under resumption partially, if not
wholly, before the season closes Holders, dealers
in paper, have been most agreeably disappointed
so promptly have large sums of paper been retired
many debtors refusing to pay cormorant interest,
l0G3l2 fRct.; that many capitalists and holders of
money are compelled to seek investments on the
flags to correspond with their views.
The week closes under liberal supply of
money, and as almost every heretofore borrower is
tapering down his desires to the lowest scale it
is extremely doubtful if there will be half the paper
afoat to meet the money laying idle. Some emf
nent holders and owners of money are holding
back for the Confederated loan, the books of
suhscriution for which will be opened on the Eth