The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-01
Grusnlsrrial 5nttaigenfe.
Friday Evening, July 81. 1904

Friday kvenfnG. July 81. toco y
REVIEW OF THE MARkErs.-The past week hes
been the duest Of the season. The weather
has been showeIy throughout and at times the
rains were sufficiently heavy 70 cause total sus-
pension of all kinds Of outdoor business. Advices
from the interior also refer TO excessive rams ana
apprehensions are entertained by not q few OF the
most thoughtful that the leading staple has been
materially injured. But accounts from the most
important points still continue favorable never
theless, and with dry, warm weather In the future
we may yet overcome the present apprehended
disasters. Operations In the leading staple have
been of very limited extent and uniformly adverse
to the interest Of holders throughout the week.
The movement in Tobacco has disclosed marked
falling of in sales, but no change OF prices, as
compared with the previous weekly report. sugar
and Molasses have been dull, with no marked
alteration in quotations. Breadstuffs and Proyis-
ions have continued quiet with but few variations
in rates Currency has BEEN as heretofore, abuud-
ant both at bank and 10 the hands OF private capita
lists. Gold has been dealt In 70 moderate extent at
rapidly advancing prices. Foreign Exchange has
been sluggish but ttif, and Domestic exchange
has been in moderate request at the quotations IN
our last review from the opening TO the closing
of the week.
CorroN-The commercial week and the eleventh
month Of the commercial year 1861 and 1865, close
this evening upon an inactive and unsettled cot
ton market. The Offering supply has been reduced
to q lower figure than We have ever known be-
fore, and the inquiry throughout the week could
not have been regarded at any time Is much better
than nominal. At the same time prices have
steadily gone down under unusually adverse ad-
vices from Liverpool and New York until yester-
day, when O slight reaction was announced In the
two latter markets, which was followed by INTEL
gence to-day Of partial recovery Of the pre-
vious aggregate decline. Our market has recu-
perated very little, however. but the present
apathy is especially due to the sudden disappear
ance Of q buyer who, during the past few weeks,
has been operating to a limited extent ostensibly
| for Northern and Eastern manufacturers. For
better understanding Of the movement In the
staple since our previous weekly review. We would
refer TO the subjoined extracts nom our daily re-
| ports, viz:
Saturday, July 25.--The market has been a. q
stand still throughout to-day. The demand fell OF
| again under continued unfavorable advices from
| Liverpool and New York, and as the few would be
| buyers refused TO go on except At further heavy
Concessions to which most holders refused 20 sub
| NIT operations have been confined TO IS bales. It
is hardly necessary TO say that, IN the present
state Of the market, even spproximsting prices
/ are wholly unobtainable. llD e tlTler
| Monday, judy 27s-.lhe movement OF the lead
ing staple still shows increasing depression. Adj
1 vices from Liverpool and New York Disclose a
disposition on the part OF spectators 10. put
prices down 10 the lowest fgures.possble before
the new crop enters the Market 40 .that the open
ing of 1865 and '69 may be signalized by ex.
| ceedingly reduced rates. The total sales 70
day footed mp Only 742 bales, Of which one
party took ia bales, and the market closed quiel
ct 3@lc. decline on Fridays quotations. bi11.J
Tuesday, July 2s.--0perations In the leading
| staple have been wholly suspended throughout thu
day. Adyiees from Liverpool and New York wsr'
| Of such depressing character hath few buyer
who have been nibbling in q small way for tb
past two weeks, refused to 60 on, except ct 10