The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-11-14
Commercial SnteIIigenre.
CRESCENT OFFICE, No. - CAxr STREET.,
Fsiday Evening. Nov. Is, 1863


Fsiday Evening. Nov. Is. 1863
REVIEW OF THE MARKBrs.-The general trade
Of the city has shown but little improvement since
the date of our last review. With the exception
Of the movement in Cotton all branches Of bust
ness remained without any animation, while the
latter has been moderately active throughout. but
at steadily declining rates. Tobacco has been
very quiet and steady. Sugar and Molasses have
fnctuated slightly the small receipts generally
selling readily. Flour has continued dull through
out. Corn, Oats and Bran have been scarce at
slightly advanced rates. Hay has been inactive
and irm. In provisions we noticed scarcity of
Bacon, and prices generally firm, but Pork has
been neglected and easier. Money continued
easy, but the scarcity of small legal tender notes
has tended somewhat to retard business. Foreign
Exchange has been quiet and unsettled, and Do
mestic has been inactive with an upward move
ment in rates. N COOS e
CoTroS-0perations in the leading staple during
the past week have exhibited full average az.
gregate, but at steadily declining prices. Factors
at the opening manifested their accustomed firm.
ness. but as the week progressed they were COM
PEELED to lower their rates under successive I'M
favorable advices from the European and North
ern markets, as well 40 the unsettled condition of
Gold and Foreign Exchange. Receipts of Cotton
have been fair, but not heavy, and the weather
has been OF character to inspire activity in all
departments of outdoor business For full
understanding Of the movement in the market we
would direct attention TO the subjoined extracts
from our daily reports, viz:
Saturday, NoU. L. For Saturday this has been
continuously noisy busting and unsatisfactory day.
SO far as regards the leading staple. The offering
supply was ample throughout, and as Liverpool
and New York advices indicated no marked re.
Taxation in prices. while rates Of gold and foreign
bills disclosed material advance, factors mani
Tested increased irmness, which was met on
the part of buyers, however, by only moderate
inquiry, accompanied in exceptional cases by de.
mands for further concessions in rates. Its hardly
necessary to say, nevertheless, that no reductions
were submitted to by holders, but transactions
we're evidently restricted owing to q want of har-
mony among operators. and the total sales for the
day footed up only 4eOo bales at about yesterdays
figures.
!, Monday. Noc. s.-The market opened
this morning with fair prospects for a
full average aggregate business, but the
movement has been restricted, nevertheless.
by the apathetic character of the Liver.
pool and New York advices. Rates Of Gold
and Foreign Bills were well maintained through.
out, and had no symptoms of weakness been man
ifested BY other markets, large business would
doubtless have been effected here at full prices.
As 1t was, however, the total sales summed mp
only 35O0 bales, and the market closed unsettled
at decline OF about &c. upon nearly all classid-
cations.
Tuesday, Non. lO.-Advices from Liverpool
and New York being still dis;ouraging, factors
have further succumbed to-day. The condition
materially check the downward tendency of
prices, and sales Of 500 bales effected at
still further decline of ic. y d. especially upon
the better descriptions.
Wednesday, Noe. ll-With continued unfavor-
able advices from Liverpool and New York today,
and material reduction in the rates Of Gold and
Foreign Exchange, the movement in the leading |
staple has disclosed q further decline of fully |
494c. y h. The falling of In rates of Cotton, |
however, was soon followed by an increased de- |
mand. a. some parties whose limits have hereto. |
fore precluded the filing Of European orders |
were thus enabled to enter the market - con- |
petitors with their former rivals. The total sales
TO- day amounted to only 5000 bales, nevertheless,
as several factors refused to accept offering |
figures.