The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-03
Commercial :5nteIliaettfe.
ClIscxIy OFFICE, No. ~ GAIT sYxnns,
.-l Tuesday Evening. March 2, l56a

RRvIEw OF THE MARKKrs.-The general trade OF
the city has progressed satisfactorily since the
date Of our last review Of the market, FRIDAY
evening. February 26. Operations In the leading
staple have been partially suspended throughout,
however, owing to the important drawbacks des.
ignated under the commercial heading. Tobacco
has been quiet and firm. Sugar and molssses have
been in very light supply and more restricted de-
mand at rather easier prices. The lower grades
OF flour are still scarce and in request at frmer
prices, but all other qualities are in ample supply
at previous rates. Corn, oats, bran and hay have
exhibited but very limited OferngP, and quota.
tons of all have steadily tended in favor of sellers
While lard has been dull and dropping throughout
Bacon has been In moderate supply and demand
at previous figures and pork has still further ad
ysnced, although the offerings have been ample,
and the inquiry mas been only moderate. Money
continues abundant. Foreign exchaIg e is scarce
and weaker, and domestic exchange shows a
steady diminuion of offerings at rapidly enhanc.
ing figures.
CoTToN-Trsnsaction in cotton have been re
strlcted, irregular and dropping from the date OF
our last review, Friday evening, Feb. 2s, up to
the present writing. Advices from Liverpool and
New York have been for the most part adverse TO
the interests of holders and rates of gold and for
eign exchange have, till within day or two mi.
formly ruled in favor of buyers Of the leading
staple. There has been no evidence Of doubt or
dependency at any time manifested by factors
with regard to the future. however, and all of the
principal lists on ea have been kept under cover
throughout from the opening Of the week. Some
disappointment has been felt at the apathy ex.
hibited in Liverpool on receipt of advices OF the
heavy falling of in receipts this side last week,
but holders have come to look upon the matter
of still higher prices merely question of time;
and being in condition to meet the worst that may
come, they seem perfectly Indifferent ss to the
disposition of buyers. Occasionally, however
parties have to close out small lots in their bust
ness pursuits, and of course in such cases find il
necessary to make concessions, but such trihing
sales cannot be regarded as rejecting the true
condition OF the market For full understand.
ing OF the movement however, we would refer
to the subjoined extracts from our daily reports,
viz:
The total sales for the past three days amounted
to only 5000 bales against 10 400 bales for the
responding time last week. The net receipts
were 5000 bales, against 1901 bales last
week, showing decrease of 609l bales. TIE az.
gregate exports amounted TO S706 bales against
l266S bales last week, and the stock on hand and
on shipboard, not cleared this evening is l40,47
bales against l38 ,097 bales on Tuesday evening
the 23d nit, and lilo bales on Friday even
ing the 2eth uls- The exports for the past three
dsys have been divided follows, viz /: BOG bales
for Providence, $50 for Vera Cruz, $50 for BARGE
Iona, 1901 for Genoa, 1896 for New York, and
1858 bales for Liverpool.
Saturday, FEB. 27.-With more encouraging ad-
vices from Liverpool and New York to-day the
market has assumed renewed frmness despite
further heavy decline in rates of Gold and Foreign
Exchange. Offerings were very light throughout,
however. and with only moderate demand at
DSHt. bhftS were EeeIlct6Q 10 kZ0U Dale9 az so
&c. Il %. improvement on the lower grades, and
full previous figures for the better descriptions.
The total falling off 10 receipts at all the ports last
week rs well as still further heavy decrease here
to-day materially tended 10 strengthen our market.
Monday. March 1.-The seventh month Of the
commercial year 1858 opened this morning upon
very inactive and unsettled cotton market, and
nothing has since transpred to indicate any i'm
pTOyement whatever. Offerings of the. staple
were very light throughout, while adVices from
the European aud Northern markets were far more
discouragiDg than had been looked for, and rates
of gold and foreign exchange steadily tended
downward. The demand was at no time active or
general, however, and the total sales footed up
only 1900 bales, at previous figures for the better
grades and &c. decline the lower classications.
Tuesday, March 2.--Intelligence from all Of the
outside principal markets has been of q very dis
coursging character to-day, and despite steady
Improvement in rates of Gold and Foreign Ex.
change, quotations of Cotton have disclosed fur
Their irregular decline of fully TO- u n. The offer.
ing supply was at no time much better than nomi.
nal as factors generally kept their samples under
cover; but the few sales which TRANSFERRED and
which amounted in the aggregate to orly 1850
bales, indicated marked falling of In the demand
well as in quotations. Rates this evening are
barely approximating figures, as will be seen BY
the following, viz: Ordinary 2lll25lc.; good or
binary 26Q263c.; low middling -@27ic.; mid.
ding at -@2Sc., and strict middhng nominal.
As compared with the ruling figures Friday even.
ing. the 26th ult the above show trifing ad-
vance on the lower grades, and corresponding
decline in rates of the better descriptions.