New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-03-19
Financial and CannercEn! Summary.

G0A was very much depressed on Saturday
morning, by Fridays adyces from New York,
which quoted decline Of per cent. in that mar
ket, but after having sold as low as 1879 or 30I
per cent. under the ruling rates of the previous
evening, it again rallied on the announcement of
reaction at New York. and recovered about per
cent. of the morning decline. Operations for the
day were very light however, and the market
closed unsettled atl23Dl2S3 against l28}0l264 on
Friday evening.
Foreign Exchange has been very languid since
our last, owing to continued unfavorable advices
from the northern cities Most of the principal
buyers absented themselves from the market on
Saturday, and operations for the day were of
very restricted character throughout, at rather
wealprices. The movement was too insignificant
however, to establish any quotabie variation in
rates. and we would therefore repeat previous fig
ures as follows, viz: Bank Sterling l390l593
| clear bills 136A0lS8 bills Of ladipg l35@l3G:
| bank francs f4.059f.4.074, and out door francs
| f4129@f4l73.
| Domestic Exchange continues dull and droop-
| ing. Offerings of private and commercial exhibit
but little if any increase, and the demand both at
bank and on the street, is of the same restricted
| character as for several days past. TIE bank
rate for sight checks on the northern cities is f3
% cent discount, with the principal movement at
| the outside figure, and the buying rates for out
door offerings are TOT for sight; 4@l for to 10
days sight; lsGDl4 for Is to 20 days; l5Qels for
80 days. and l{@2 % cent. discount for 60 days
sight
| Bank Notes and Securities have disclosed no
important alteration of any kind for several days
past. offerings of descriptions most in request
were very light, and the general run, which APP
peared to have been in ample supply, attracted no
| attention whatever. The movement on Saturday,
which mostly TRANSFERRED at public auction, was re-
strcted to some lots of Louisiana State Bank, Bank
! of Louisiana and Union Bank notes, and to Com
mercial Water Works, Louisiana State Bank, Citi
zens' Bank, Jackson Railroad and Opelousas
Railroad stocks, and few consolidated bonds and
city bonds to railroads, at the prices furnished in
our financial article.
| CoUon-The movement in the staple on Satur-
day was limited to sales of 20l5 bales at irregular
prices. Offerings appeared to have been some
what under the previous daily average, but the
supply was in excess of the demand throughout
the latter having been restricted by increased diff
cultles in the way of placing exchange, owing to
still further depression in the New York market
Some sales of small lots were reported at easier
rates, but most factors steadily refused 10 make
any concessions whatever, and the market CLOSED
as it had opened, unsettled, AZ Friday quotations
which can only be referred to as approxmatlne
figures, viz: Ordinary, 3s@34o., good ordinary
35Q93Gc., low midlling, 371SSc, and middng 42c
Sugar and Ao!dsses-rhe market is ampl,
supplied with the production of Cuba, hut this de
scripton Is only in nominal request, and the move
inent IN it is of too Insignificant character t.
, establish quotations. The stock of Louisiana l
very light, and judging from the falling oil in re
f ceipts during the past two weeks, we must inte
that the supply in the interior IS nearly or who'll.
0 exhausted. Transactions since our last nave pee
confined to 60 hhds. Sugar at l2c. tor common an
j 1890. q ID tor Eooa Jar.
G Western Produce -rdere IS no marked Vafia
t ton to notice under the above mead Ihe bette
qaa'i'es OF flour aie so''ce anu III le'f'eS' Nv
previous prices while the lower grades are IN goo
supply and CONSIDERABLY hes'ec'eu' "'ce'pts
= Corn continue heavy and meet ready sale at OF
r. last quotations. oats snow q IaillDH on IN I'll