The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-02-20
Commercial gntsIliseItfe.
CKxscxs- orr,cE. No. "a CAxy sszKrs.
Friday Evening. Feb. 40, 1853.


CKxscrs- OFFICE. No. "a CAxy sszKrsl
Friday Evening. Feb. 40. 1888.
REVIEW OF THE MARKsTs.-There has been
marked evidence Of a steady Improvement ia the
general Wholesale and jobbing trade OF the city
since the date of our last weekly summary, the
18th inst. Planters and country merchants have
arrived in large numbers and purchased literally,
while orders from the interior have shown con-
siderable increase as compared with the average
for several weeks past. Our leading staple has
been very much neglected, however, aad the few
daily operations which TRANSFERRED disclosed an
unmistakable reduction in prices. Tobacco has
been In better supply and demand at full rates.
Sugar and Molasses sold readily 10 the extent
of receipts at materially enhanced figures. The
supply of Flour has been In excess Of the demand
and rates have consequently declined. Corn
has rapidly advanced under light receipts and
supplies accompanied with an increasing demand.
Oats have declined and again advanced under va
riGtions in supples and receipts. Offerings OF
Bran continued ample throughout, but the demand
was at no time active or general, although prices
were fully maintained at last weeks figures.
Sales of Hay have been the heaviest of the sea-
son and quotations have considerably improved
under restricted offerings and more general
inquiry, while Pork, Bacon and Lard have been
neglected at prices tending downward from the
opening of the week. Money is still abundant
Foreign Exchange is fat st a marked decline, and
Domestic Exchange is fairly active at considera-
bly, higher figures than the opening rates Of the
week.
CorToN-Operations in the leading staple have
disclosed a more uninterrupted languor and less
recuperation during the past week than for any
corresponding time since the opening OF the pre-
sent commercial year. Intelligence from Liver
pool and New York was adverse to the interests
of holders throughout, while the rapid and uni
formly downward tendency Of Gold and Foreign
Exchange extinguished all hope OF speedy re-
action in prices. Despite the above discoursging
influences, however, most factors have manifested
their undated confidence in the future by cover
Al H. 81
the week, and scrupulously rejecting all
overtures since, which were predicated upon
q reduction Of rates. At the same time
we freely admit that holders who deemed it
advisable Cor we're compelled 70 realize had to
submit to gradually lowering figures. But that
the movement has not become general is satisfac-
toriy shown by the paucity of the aggregate sales
since the close of our last weekly review. II is
therefore hardly necessary TO add that the ap-
proximating quotations, which have been pub.
lished from day to day, only reflect the actual
prices paid under exigencies or that liberal orders
could not be executed at proportionstely reduced
rates. For full understanding Of the actual con-
dition of the market, however. we would refer to
the appended extracts from our daily reports,
viz
Saturday, Feb l3.-The market has been almost
at stand still throughout to-day. Offerings
were at no time better than moderate, and the
demand was restricted from the opening to the
close of business. Owing to the discouragng
advices from Liverpool and New York, buyers
generally refused TO purchase except at material
concessions which most factors uniformly refused
to grant, and the total sales were limited to 1850
bales at decline of &c. Il b. upon nearly all
classiticatons of the staple.
Monday. FEB. l5.-With very dscouraging ad.
vices at hand from Liverpool and New York this
morning the market exhibited increased languor
| and inactivity throughout the day. The demand
was at no time better than nominal, and as
| the Offering supplies had been still further re-
| duced sales reached only 900 bales, at previous
rates for all grades except good ordinary, which
latter fell of fully &c; u ID.
Tuesday, FEB. l6.-Nothing has trsnspired to.
day to break the monotony of the market
The demand and supply were at no time
| heavy, and offering prices generally were
| even still lower than heretofore. Operations.
aSwsTe an.s ssaea's Ct Ga' further decline Of c
mostly on the lower classes, however.
Wednesday, Feb. IL. - Operations to-day
have been restricted TO 1900 bales at
a still further decline of 403c. q ID. The
movement was dull and inactive throughout,
and the unfavorable tenor of New York and Liv-
erpool sdvices caused a partial stand of on
the part of buyers and sellers. Most factors re.
fused TO uncover their samples, however, and
offerings were confined to lists that had to be
sold.
Thursday, FEB. ls.-we have still to
report partial suspension Of opera.
tons in the leading staple. Intelligence
from ell outside points has to-day been
tofore, while the views of factors and buyers
continued as wide apart as ever. Offerings Of all
grades were very light throughout, and the de-
mand was at no time better than nominal.
In fact the total sales amounted to only $50 bales
and the market closed fiat at still easier prices.
Friday, FEB. 19.-To-day there has been
slightly better demand than heretofore. The
weather was for the most part unfavorable for
operations in Cotton, however, and reports from
other markets. as well as the condition of Gold
and Foreign Exchange, were well calculated to
cause total suspension Of business. But some
little inquiry sprang up. nevertheless, predcated
upon still lower figures, and sales OF $500 bales
were Effected at the following spproximsting
quotations, viz: Ordinary 244c., good ordinary
255c., low mid6ling 268c., middling 274c. and
strict miadling nominal. As compared with
the ruling figures Friday evening, the 18th inst.
the above exhibits general decline of l}02c. e
H.. but no large lists can be even now obtained
upon the above terms.
The total salesifor the week amounted to only
10 200 bales, against &c, 800 bales last week and
81 100 the week before. The net receipts footed
I'D &C. Jas bales, against "a, 497 bales last week.
showing an increase of 1861 bales, and 29,050
bales receipts tie week before. The aggregate
exports were 1880 bales, against "a $50 bales
last week, and IL, l62 bales the week before. And
the stock on hand and on shpboard. not cleared
this evening, Is 1878 bales, against l43,264
bales last week and l56 434 bales at the close of
the previous week. The exports for the week
have been divided as follows, viz: 202 bales for
Barcelona, $40 for Boston, yIS Tor Malaga, 1884
for Providence, 1894 for Amsterdam. 1861 for
New York, 2734 for Hayre, and 2, All bales for
Liverpool.
COTTON STATEMENT.
Stock hand September !. ls65............. s656
Received since yestercaJ......-....-...... b459 -.
Received Previously. t+6g5f ooz5z
65605e
Exported today ..;..............'....'.....Sl 5
Exported previously. 49y,toi
Shipped 10 Mobile, per Mobile Price
Shipped up the Mississippi river Abs bl628
- IA diuidad foIlouz min