The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-09
Commercial cyntelliaenre.
CREsoEsT OFFICE, No. % Carr srsI

CRESCENT OFFICE, No "a CAMP srRKEf t.,
Friday Evening, Jan 8, 1869.
review OF THE MARKETs.-The general trade
OF the city has been OF moderate extent during
the past week. The movement in the leading
staple has been Of very irregular character
Tobacco has continued quiet and steady. Sugar
and molasses have sold freely at advancing prices
as fast as received. Flour remained inactive bu,
firm. Corn, oats and bran have been languid and
dropping. Hay ruled with good supply and de-
mand at previous prices, while fair business
transpired in bacon at frmer rates, and pork and
lard have been buoyant throughout at rapidly ad.
vancing figures. Money Is still abundant. For.
eign exchange has fuctuated but little, and do
nestle exchange has been dealt in heavily at
easier quotations.
CoTToN-The week ending this evening has
been marked by unusual irregularity in the move
ment OF the staple. During the three first bust.
ness days prices rapidly advanced till holders had
realized net Improvement of fully 3Glc. % b.
upon the lower grades, and lc. q b. upon the
better qualities; but on Wednesday and Thurs
day, under the influence of an unfayorable reac-
tion at Liverpool and New York, the market was
lanRuid and dropping throughout. while quotations
not only receded to the opening figures, bat some
grades were sold at fraction below the ruling
rates at the close of the previous week. On
receipt OF adv1ces announcing an advance of &c.
at New York day, however, the market re-
gained its former buoysncy and fair amount of
business was transacted at q recovery of the whole
decline OF the two previous days. For full I'M
refer to the subjoined extracts from our daily
reports, viz
Saturday, January To-day, as yester.
day, we have had no advices from the European
markets, but the New York intelligence was of
still more encouraging character while Gold and
Exchange indicated greater ffmness. Owing 10
the restricted offering supply of the staple, how
ever, and to increasing difidence on the part of
buyers, operations have been confined to $500
bales, az previous quotations.
ftao ten~ 49,
by telegraph during the forenoon today, owing to
an interruption of the wires. kept the market al.
most at stand still up to meridian. Subsequent
ly, however, intelligence came to hand regularly
from all essential points, and that from Liverpool
created unusual excitement in commercial circles
here. The Offering supply was exceedingly light
throughout, but nevertheless total sales of 675O
bales were effected at an average advance of fully
&c. a %.
Tuesday, Jan. 5.-To.day the market has been
buoyant throughout under continued favorable
advices from all outside points. Buyers commended
for lower rates on account of the reduction in
Gold and Exchange, although they were gen.
orally willing to go on at yesterdays figures, bat
factors were memorable, and the latter finally sue.
ceeded in obtaining still further advance of l0
&c. ~ ID. upon all clessifcaions. The actual oper-
atoms for the day amounted TO 5000 bales and the
market closed firm at the Improvement referred
TO.
Wednesday. Jan. e.-The intelligence from
Liverpool and New York to-day having
been Of q less encouraging character, Oh,
erstions in the leading staple have dis
closed greater apathy than for some days
past Factors and holders generally manifested
no serious misgiviDgs, however, as TO the future
Of the staple, but some few of the latter acquies-
ced in trifing reaction. The total sales never
theess, amounted to only 5000 bales, and the mar.
ket closed fat at &c. decline.
Thursday, jan with continued unfavorable
advices from Liverpool and New York, the market
has been lsnguid throughout to-day. Factors and
holders did not press their supplies, however, al
though brokers generally manifested unusual
apathy. The total sales footed up only 1000
bales at further irregular decline of 30lc. u ID.
Friday, Jan. Sat the opening of the market
TO day the prospect for an average business was
rather discoursging, but receipt Of the lIl5 A.
u. dispatch, announcing &c. advance at New York,
operations were resumed with considerable spirit,
and the movement continued active and animated |
heresfter up 10 the close. Some buyers were de- |
erred from entering the competition however,
BY the high prices demanded, or the total sales |
you'd doubtless have been larger. but as it was,
reached 10 loo bales, being the hesvi