Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1856-02-07


Messrs. Editors Thursday last, our city men were
knocked into condition of perfect astonishment by
the telegraphic despatch announcing the important
tidings that Russia had given On unconditional ac-
ceptance to the propositions of the Allies. In one
of the morning papers the news put forth under
the head Of "Peace Concluded" and "Cotton advan-
ced" The excitement, however, was but short-ived;
in the Euening Ne,cs further despatch was publish
ed which brought down considerably the cotton fac
tors and spectators. We were informed that, in
stead Of an unconditional acceptance of the terms,
Russia had merely agreed to them as the basis Of ne
gotiations. These may turn out well or otherwise
so, we must wait while longer
If peace be concluded, business in Europe will
certainly improve gloom and uncertainty heavily
overhang every department Of trade, and the con-
cludng Of peace must have decidedly enlivening
effect. Money will become ''easier" confidence
will be restored and spectators will be induced to
''take hold" again. Thus an improvement must re-
suit; but in estimating the effect upon the cotton
market, we must take into consideration the heavy
shipments made to Europe and the large stock wait
ing for transportation. There will be an abundant
supply and manufacturers will not be forced, as
they were last Summer, to come into market and
lest the stock be all taken from the market to buy
for future consumption In other words, they will
rely upon the abundant crop for an ample supply.
But what have written depends upon the contin-
gency ofa peace in reference to which we have no re-
liable assurances. After the death of the Car, it
was predicted that On amicable arrangement be-
tween the begerents would be effected immedia-
tey; and again, similar prophecy was ndulged in
regard to the result of the Conference at Wanna
We must now await the action ofanother Conference,
Of the peaceful terminationsof which, however des-
stable might be the result, We cannot be by any
means certain ...
The advance on our cotton market has been from
to s-the quotation of Saturday being from "a to
81. The best quality of cotton from York is worth
81, and from that figure down to about cents. The
demand continues good to-day, and prices very firm.
Sales of Saturday, over s00Osbales. ....
Good news for cotton sellers oftenes proves to be
the opposite for those interested in the grain trade
The high price for breadstua arises from the heavy
foreign demand, which depends upon the continue
tion Of the war; For two reasons the demand would
comparatively cease with the cessation of hostties:
one is, that the governments of England and France
have been laying in large war-suppl;es, with sufi-
cient for continuation indefinitely, and would then
demand no more than theirusual peace establishment
would require; and, again, the Russian ports which
previous to the war supplied the markets of England
and France, would be opened and corn and wheat
be thence thrown into the channels of trade at mnch
lower rates than those now ruling Once only be-
fore the var, in lS47 did our corn and wheat find a
ready sale over the water.
The Aradias news had put Wheat and Corn down
as much MS cotton has advanced. There is no for
egn demand to day. and it would be difficult to sell
wheat at any price. Corn is worth 80 cents; but
cannot remain ut that period longer than the hard
winter lasts As soon as the Tennessee and lIoston
rivers become naygable and the farmers are enabled
to sent their grain into the market-towns on the
Georgia and Tennessee Railroads, the supply must
largely exceed the demand.
Flour still holds up and is bringing better price
here than in any seaport from New Orleans to Ros-
on We can sell Superfne in good barrels at So |
III fine, $S.25 to 8.75. In bags, superfne is worth
$3.50; fine, SS.s7. In New York, Flour is quoted |