The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-30
Commercial gnteQigente.
CRKscEEv OFFICE, No. "a CAnr SrRx
Friday Evening. Jan % l2fs

o. ~
Friday Evening. Jan. 20, 1863 J
REVIEW OF THE MARKETs-The general whole.
sale and jobbing trade Of the city still shows a
gradual improvement. Cotton has been languid
and unsettled throughout the week. Tobacco
has been in slightly better supply and demand.
Sugar and Molasses have sold freely on arrival at
an advance on the former. Flour has declined
under heavy offerings. Corn, Oats, Hay and Bran
have been moderately active at about previous
rates; while the inquiry for Bacon was limited,
and Pork and Lard were active throughout at
rapidly advancing quotations. Money is still
abundant. Foreign Exchange is scarce and con.
sidersbly higher, and Domestic Exchange is
steady at last weeks figures.
C0TToN-Languor and inactivity have been the
prevailing features of the Cotton market during
the week ending this evening. Advices from
Liverpool and New York were generally adverse
to the interests Of holders, but the principal cause
Tor depression was the recent increase in receipts
OF the staple. fact wholly due to greater depth
of water in the upper rivers. Most factors have
taken the movement very philosophicay, how.
ever, when prices fell of they covered up their
samples and have since refused to entertain the
overtures Of buyers, while those who met the
demand from day to day had to make concessions
in order to effect sales. Rates have not declined
to the extent anticipated, nevertheless, as the
upward tendency of Gold and Foreign Exchange
has materially contributed to uphold prices. But
for full understanding of the condition of the
market we would refer to the appended extracts
from our daily reports, viz:
Saturday, Jan. 23.-The cotton market has
been at a stand-still throughout to-day. Sales
footed up only 600 bales, and prices from the
opening to the close were no better than nominal,
although materially lower, owing to the prevail.
ing languor at Liverpool and New York.
Monday. January Is. = The market con.
tinues languid and depressed. Advices from
Liverpool and New York are still of a very
discoursging character and offering prices
are SO far below the views of factors that
q large number of the latter have covered
up their samples and refuse to entertain PROPOSE
tons at any material decline on previous rates.
The total operations to-day footed up only 1850
bales, and the market again closed lower but
too unsettled for regular quotations.
Tuesday, Jan. 26.-The market still wears q
gloomy and an inactive appearance. Intelligence
from all outside points continues dscouraging, al.
though an ambiguous press dispatch, which but
few believed, reported an advance in prices at
New York to-day. Offerings are too light how
ever, for more than very moderate operations,
to $500 bales. 1t is hardly necessary to repeat
that prices remain merely nominal. The in
crease of sales above, which mostly occurred
late this afternoon, as well fractional advance
in rates, is due to the upward movement in Gold
Wednesday, Jan. H. With uniformly
favorable advices from Liverpool and
New York to-day, and continued strin.
gency in gold and foreign exchange, the Cot.
ton market has resumed to a limited extent its
advanced, and with renewed competition on the
part of buyers, total sales of 5000 bales were eff.
fected at an irregular advance of 494c. b ID.
Thursday, JAM 2S.-The market has been mac
tive and unsettled throughout to-day. Advices
from all points indicated no alteration whatever,
and the demand here was but barely moderate at
best. Sales footed up only 1900 bales and the
ruling figures at the close of business disclosed
fractional decline In low middling and mid.
ding. the only grades for which even approx.
mating rates could be obtained.
Friday. Jan. 29.-To-day the prospect for
more than Q trifliBg business was discoursgng up
to meridian, as operators could not agree upon
prices, and there was nothing in the dispatches
from outside markets calculated to affect the
views of either party. Subsequently. however,
some factors made the required concessions, and
1850 bales changed hands at q further decline of
l@3c. o b. The closing quotations this evening
are }025ic. for good ordinary, 26026lc. for low
middling, and 26l927c. for middling. As com.
pared with the ruling prices Friday evening, the