New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-25
Nen ORLEANS 9ailg Grtstsltt.
FINANCIAL AND COMMERCIAL DEPARTMENT
Hen 0rIeaas HIuntp Hlarhet.
cREscEsr oggier, 10. 70 Camp street. u f., !.

Jflu 0rleaas Iloney Ilarhd.
CREscEsr OFFICE No. 10 Camp street,
Financial and commercial affairs have moved on
satisfactorily for the week now closing. Nothing
of complaining character has been observable
unless little murmuring among some Of the agents
and co-partners of Northern manufacturers with
the requirements Of the laws of tariff and mposts.
The adoption of the Constitution of the Confederat
ed States of America by an almost unanimous vote
of the representatives Of the people of Louisiana
now in Convention assembled, aud an interesting
debate on the modification and ameliorating our
banking system form the chief events of the week
now closing. The ship of State of the Southern
Confederacy will soon be under full sail, with
royals skysails and colors-g gallant standing. Our
banking system has been fully debated and argued
on, and measures brought forward before the Con-
vention, which will, it is hoped, lead to sound,
wholesome and demandable changes = changes
which the future greatness and grandeur to which
our city, its trade and commerce claim and which
the great agricultural interests of our State, and
the great Southwest will expect, and possibly
anticipate in developing the vast resources of the
great section Of country that will depend on our
city for q great market and seek it for all com
our bank statute are indispensable to our future
great prosperity and position as great mercantile
metropolis.
The regular routine of business this week COM
pares favorably with any previous season. Though
the sales of cotton have not reached to any very
large figures there cannot be any cause for COM
plant. The sales of produce in the aggregate for
the week are three millions and half of dollars.
A good demand has existed through the week for
Western produce. Notwithstanding the enormous
receipts of some kinds there does not appear to be
any accumulation in stocks. Prices of grain, from
the decline in costs of transportation, have brought
prices within the range and currency of all foreign
markets, particularly the European and West
Indies. 1t fact worthy of notice. that the great
Western railroads which were to divert 30 large
share of produce from our emporium have been in
terrupted this month by heavy snow storms; that
the grand Trunk Railway through Canada to Port
land, which was to perform such great feats in
transportation, has hardly had sufficient patronage
to pay its daily expenses. On the other hand,
there has not been boat navigating natures
great highways, the Mississippi and Ohio rivers,
but what has brought full cargo to our city daily
and weekly for the entire season. So long as the
great produce trade with us is conducted for cash,
with the prompt and speedy sales and returns, and
~" onal "n s,
with distant or foreign markets, and with enlarged
facilities in our financial and banking system, we
| can and shall challenge competition, and contend
with any or all the Northern communities with
cess. To the great advantages of the West we
| will add the great and important change in our
imnnst system which will 90 into effect at an
early day after the reassembling OF Congress at
Montgomery, in May next. The difference in du'
ties which goes into operation in the States of the
North on and after Monday next will be greatly in
our favor until the proposed Southern tariff be-
! comes law, when we shall experience further
benefits.
| The business with Northwestern Louisiana and
Texas, via Red river, has been very lively for the
week. Immense quantities of produce and mer.
chandise have been shipped recently for Red and
Ouachta rivers and the numerous bayous tributary
to these streams. 1t appears novel to observe or
the hooks of our Custom-house, clearances Of
| steamboats, every two or three DAYS for. Camden
Arkansas. which boats 90 up the Ouachita rive,
some five or six hundred miles away almost in thu
| woods. Arkansas cannot do a more profitable
business than to ioin the Southern Cenfederacy
The coal Of that State. the slaves. the hides. an
some few other productions are all subject to dutv
tho two frat articles to 15 ner cent.
Tboro b,. bean a N incraasa of sales 5rrno Nh
week of drv-poods. hardware. clothing and shoes
that 10 if we indee from the boves baJes an
packages which have been turned out daily on tn
navaments and from the numerous naclragos n
the leyee marked for this and that Mace. embrae
ing a good MANY towns and villages in the interio,
Our iobbers, or the most of them appear in muc
better spirits than we have observed them for some
time. They say they sell and credit all good an,
solvent country merchants and dealers who appl,
for it and who do not look at dry goods {tape ant
bobbn) with gloves on. 1t is not ssconailee faut'
for buyers to be examining broad cloths and looking
at Lowells with Jouvin gloves on. We are favored
with a very mild climate. We suggest to cothn!
and shoe dealers not to be appealing so frequently
to the duty of "a per cent We don't believe man,
of them have, as yet, paid any duty. This dut
will reduce the profits of many dealers who hav
been for years accommodating gains in the Sout
and placing them in Northern States to the disad
vantage of Southern interests.