Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-05-19
Cont mtrrfaI
FROM the Correspondent of the Mob REGISTER
NFvv Vopr- AL 10 -,

NEW YORK, April, %, 1871.
Since the arrival Of the Great Western. tbo
cotton market IN this city las been quiet. The
state OF trade in Lancashire, was represented
as IN no favorable state, and dealers are disnos-
ca 70 wait further advlces, holders are stronU in
lhe oehel OF short CROP and are not disposed
70 make the concession demanded bv buvers
should the next advices confirm the unfayora-
pie news brought by the last packet, a fall VIII
take place. The present inactivity the mar
Ket iavors fall IN freight, and a rise in ex-
hchange,as many drawers have put up the rates
under the Impression that the state of the for
eign market would discourage shippers. A
iali IN ireIghts and cotton,and an improvement
IN DIS, VIII again induce activity. The gross
stock IN the market has not been made uD re-
| Gently but IS not far from $4,000 bales. Ma
ny are OF opinion here, that although the actual
receipts oil cotton may be smaller than was an
tcIpated, yet large quantity will be kept back
by the more substantial planters, as was the
case IN 1887. 1t will be recollected that near
2UOOOO bales Of the receipts of 1888 were ac-
tualy Of the growth of the previous year,finan-
clal difficulties then as now, operating to nre-
vent its being forwarded. The transactions
have been as follows:
LOO Florida and Uplands, 9,l-2 a ll,1-2
300 Mobile, 93-4aI2
300 New Orleans, 10 aHi2
Fine Upland, 1912 1888
In domestic exchanges there is very little
variation, the frequency and extent of the for.
geries committed, added to the usual risk o.
the business, has made buyers of southern pa.
per cautious. The rates to day we're as fol-
lows:
Philadelphia, 3,3-4a4 Mobile 9 a 9,I-2
Baltimore. a 4,3-4 Int Ala, I0a IOI-2
Richmond, 5,l-2 N. Orleans, Ga ola
| Charleston, LA St Louis,
Augusta, II ID Cincinnati, 7,l-2
Savannah, 3,l-4 SIP.
business will be done for the packet of tn
LIST, at 1874 aS. A large amount of jobbe
paper is about falling, due now the payment G
which enables importers to remit.
| COTTON.--The receipts of cotton sine
our last arc 509S bales, previously 29S,61t
bales, making S03,714, against 4O6,433 bale
last season. The exports this week have bee
to Liverpool 1893 Glasgow 1914; Havr
1894 New York 15>5--Boston S--Balti
more ID bales-making total Of 9,S7l bales
Leaving on hand and on shipboard not ceare
yesterday 53,29l bales, against 193,2S0 bale
same time last year.
But a moderate business has been done i
Cotton since our last report of the market, a
the sales do not exceed 1900 bales, which w
particularze as follows: Saturday 500 Mon
day 500; Tuesday 300; Wednesday 1900
Thursday 1900; Friday 300.
The accounts from Liverpool to the Sd Apr
by the steamer Caledonia, received here q
Friday last, and still later advices of an unfa
vorable tendency by the Great Western,s show
ing decline in the Liverpool market from til
9th March to the 18th April of lid per TO-, ha
had the efIectcombned with advancein freight
and decline in Exchange, of reducing the pric
of cotton in our market from Ia 1-2c per II
Some holders of cotton are still contendin
for previous prices, and some not offering thei
stocks. There is, however, much anxiety o
the part of all to make sales.
LIVERPOOL CLASSIFICATION.
Good and Fine nomna
Good Fair, IL "a II
Fair, IL l-4a IL l.
Middling Fair, II
MiddhnS. 1929
Inferior and Ordinary, 9l-2a 10
EXCHANGE.-Since our last report of Ii
exchange market, rates have advanced as 70
lows on England ID per cent; New Yor
go day bills "a per cent sight per cent
Boston, sight per cent Philadelphia l pr
: cent. The state Bank on Wednesday Il
2sth ult. commenced checking freely on Ne
Z. York at 8 per cent premium, which continue
5 until Tuesday May 4th,when disposition WI
D shown to curtai operations. On Wednesdi
4 She discontinued entirely when out door rat
advanced as stated above. The TWO sto'
banks have not commenced checking.
y. The demand for Exchange of all descrr
: tions Is ouite limited.