New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-03-12

Cold still exhibits study downward tendency
and rates in our market declined fully ~
cent. on Saturday, owing to still further unfavora
BILE adyces from New York. There was fair
movement noticeable in it during the morning, as
several parties who had previously sold Short had
to make good their contracts but daring the latter
part of the day the demand was but little better
than nominal and the market closed under
increased depression at 12750l2s, against 1850
129, which were the ruling figures an Friday even
ing. The movement in American silver was con-
fined to dribets throughout, and no movement of
Importance transpired in foreign CON-
O. Foreign Exchange opened with better feeling
on Saturday, as some regular heavy buyers, who
have recently absented themselves from the mar
ket, owing to the ruling figures having been
beyond their limits, were reported to have again
come forward as purchasers. Drawers and SELL
ers, however soon advanced their rates, on this
intimation, and few sales TRANSFERRED during the
morning, at about u cent. above Fridays quota
tons, But this movement checked operations,
and the market again relapsed to its former
| depressed condition, the subsequent sales being
very light at the closing rates of the previous
evening" which were 140@l4l for bank sterling,
l37@l3s for clear bills, 135@l36 for document
bills 4.OOf for bank francs, and 405 10f. for
outdoor francs.
| Domestic Exchange declined about ! U cent.
| on Saturday owing to q considerable increase in
private and commercial offerings, and to marked
| abatement in the demand for remittance. The
| banks checked in the morning, as heretofore, at
| 3694 u cent. premium, but soon reduced the
counter rate to premium, and subsequently sold
round amounts at par. Outdoors the decline was
of a more marked character, however, as, while
sellers uniformly yielded ], most buyers refused to
purchase at better that U cent, under Fridays
quotations. The closing prices on Saturday even
| ing were u cent. premium to par at bank, and
| t0e4 % cent discount for private and commercial,
with an evident tendency to still lower rates,
which will probably be developed to-day.
Stocks and Bonds-There was moderate move
ment at auction and priya te sale noticeable in
securities on Saturday last, but without, however,
devel oping any new feature in the market The
few favorite classes offered were eagerly absorbed
at still advancing prices, while the general run Of
stocks and bonds appeared to have been wholly
neglected The transactions for the day included
several lots of city railroad stock at prices which
were generally suppressed, but in one case, at
least, at the unprecedented figure, 200 per share,
dividend included. City National Bank stock,
Bank of Louisiana, Louisiana State Bank, Crescent
City Bank, Canal Bank and Commercial Water
Works stock at full prices, and one $500 Louisiana
State Bank, having three coupons attached, at
$3.50; $1,000, Opelousas. Railroad bonds on private
terms and several lots of insurance scrip at very
full rates.
Uncurrent Bank Notes-No material alteration
has TRANSFERRED in the movement in notes of the
banks in liquidation since our last, and operations
have been restricted to moderate sales of Louis
ara State Bank, Bank of Louisiana, Merchants
Bank, Bank of New Orleans and Union Bank al
slightly enhanced prices, as will be seen on refer
ence to our financial article.
Cotton-At the opening of the market on Satur
day there was some prospect OF fair amount
business Transporting during the day. Buyers WERE
out in considerable numbers expecting to obtair
still further concessions. while the announcement
that the low rate of Foreign Exchange haG
prompted several purchasers of that article to
, enter the market after having been excluded fol
several weeks by the high ruling figures, afforded
increased assurances to parties interested in plac
, ing foreign bills. The enhanced pretensions OF
drawers and holders of sterling and francs com,
pletey counteracted the movement, however, and
! the operations in the staple were restricted tc
1911 bales at irregular prices, but generally at
further decline of lie. % pound on good ordinary
y and low midding, while the other grades rem aimed
! nomina,,v unchanged. owing to the limited char
,otor Of The sunnlv Of these descriptions upon the
market. Prices were too unsettled to obtain reli
ab,e ouotations and we can only refer to the sub
, Joined 90 closely approximating figures, viz ord
n n,rv s.0osfc oood ordinary, 3723sc.; low mid
r dno eo04oc and middline .43c.
d c,,a,, nnd a,o,osses -Receipts of Louisiana
tinne varv loht and with only nominal stool
in frst hands. Transactions on Saturday wer
e rostr;c+ed To some small operations at previou
n ea,,ros
y Western produce-The yery favorable weathe
.. -. -. 18th e,;,;+,toa sbir
e OF the past lorthisht has steas'y i"0iseo SUI up
y ments to this port from nearly all points OF III
t. interior and receipts, especially of gran show
Is - oorl-od ,,crease with a corresponding decline
y m "N -, -. :; - :; Law, ,,.,+
IL prices. flour mas hot colHe III Se' III ia'
~ ties, but the prospect OF enlarged suppiies III
w early day has already disclosed a decline in til
y 49, ,,r,aas ne f,,1v - 70 hb, within the ma:
70 'o"ei s'aues " Ny So ~ Io,ror rato
ie week. Corn Is moving lreely DIV Ao"0i ia.o
~ Oats are tending downward, and bran and ma
- axbibit increasing weakness Provisions are
" .,-,aa I;,,;+oa dam,nd at GRADUALLY a.
VI VI lar supply anu -, o1d 10,
IL Ginning prices offerings OF pork bacon anu Id
:, are in excess of the inquiry, and most buyers ar
. holding bocl, in authorization of heavy falling G