Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1856-04-10
Correspondence of the Yorkville Enquirer.
FROM CHARLESTON.

Correspondence of the Yorkvile Enquirer.
FROM CHARLESTON.
MONDAY, April 9TH.
Messrs. Editors Since the date of my last, two
Liverpool steamers have arrived-the "Atlantic,"
with dates to the 10Th, and the 'Asia to the 22d.
The news by these arrivals not only confirm the
general expectation in regard to peace; but an
nounce the important fact that the French En-
press is the mother of live Prince. The minu-
tie of the occasion are published at full length,
and for length, breadth, height and depth Of es-
sential m:fOolery, exceed even the pompous
parade of "baby-f1ins exhibited few days be-
fore they were needed.
If Louis Napoleon could die, or manage to be
assassinated, just now, all Europe would believe
him to be great man; his name would go down
to posterity surrounded with halo of glory, and
the young offshoot would be worshipped by the
tickle French as very God-send. What pic
ture! --.... ...-,
These arrivals report very quiet cotton mar
ket, with small sales, and 8 decline Of one.six.
teenth to one-eighth. Our circular quotes mid.
ding grades at J. and inferior at i'd, decline; but
fine cotton, very scarce, was firm. Sales only
32, 900 bales for five days-on one of which-holi-
day-no business was done. This news has had
no effect here. Saturday the sales reached 5000
bales at full prices. The lower grades, however,
are not in demand, and, perhaps, were they forced
to sole, would require slight decline.
1t seems to be a matter of wonder to some indi-
viduals, why cotton does not advance rapidly in
Europe, in view of the prospects for peace. do
not think it very surprising; for two important
reasons: one that the article is very high already,
and, should any material advance take place, 1t
would check the consumption; the other, that
spectators arenot willing to operate freely-frst,
because money is too dear, and, again, because
the crop is too large and they are not yet assured
Of its ultimate extent Just at the time that peace
is about to be made, the accounts from this side
show the heaviest receipts Of the season-when
they had some reason to expect o falling off,. The
receipts have already run up to what would be
considered an average crop, and We have yet FIVE
year the same five months brought into all the
ports nearly one million bales. No doubt, cotton
would have before this declined very considerably,
had not the prospect of peace intervened to sustain
it; it is, therefore, scarcely correct to say that
the war did not affect the prices, because they do
not advance now that peace is made With high
interest, stringent money market, and over
whelming receipts sufficient to keep off specula
tors, the peace negotiations would have
deprecated the market terribly
1t would not surprise me, if the next two OF
three steamers were to bring news of further de-
cline have no idea, however, that cotton will
be much lower here; indeed, fine article may
improve before the next crop is ready for
market. The receipts during the Summer vii,
be quite light; and as fine cottons are already
scarce, there caRbe no reasonable apprehension
of decline. ,., 49, s;,. c..
The price is high now, and will probably con-
tinue so. Fair cotton is worth here, to-day, IL
cents. Your York grades would bring 81 to l0b
q very strict selection, however, might find Q
few bales at II cents. The present stocks in Eu-
rope are lower than they have been for many
years at this date and the rate Of consumption is
quite equal to the heavy supply so, we have
every assurance that the cotton planter will, for
some time to come, receive the present fair pri.
ces.
Those who refused to sell their wheat last win
ter, at the prices then Offering will see now what
folly tits to hold on to any produce when the mar
ket is so far above reasonable rate. The price
is still much above the old peace rates, and those
who raise wheat for market will probably obtain q
fair price for it yet. Owing to the heavy exports
of the last crop, new wheatf sent to market early
will be likely to command q good price--not such
as that Of last winter but, say, 81 90 per bushs
at the Railroad. We can sell prime wheat now
at Sl.10@$l.50 per bushel, which would nett
S1,00 at York. The quality Of your wheat COM
pares we'll with any raised in the United States;
and you have the advantage in being able to har-
vest the crop at much earlier date than in the
North and Northwest 80
Flour is still selling here at prices ranging from
81 o. SO per barrel. The demand is limited,
however, to the wants the city, and bakers only
take it in small lots, hoping that the conclusion Of
peace will put it down to old prices.
Corn is too low to expect any shipments from
your place. 65 cents in sacks is about the ruling
price. Some ten days since, it went down to go
and 62 cents; but, owing to the high charges for
freight on the Railroads, the supply from Tennes.
see at present prices must diminish.
1t would certainly be good policy for the Char.
lesion, Chattanooga, Knoxville, and Nashville
Roads, to reduce their rates of freight on corn,
during the Summer months. In East and Middle
Tennessee and North Georgia, there are millions
of bushels which would then be sent out where
as at present rates. scarcely bushel will be ship
ped. Charleston could then compete with other
cities in filling foreign orders; but with such o
heavy Railroad tariff, nothing of the kindscan be
done, unless war or famine prevails in Europe suff-
ciently to run up prices to point which win pay
freight and leave little for the producer.
The jobbing trade of Charleston has perhaps
been heavier than usual this Spring. and the whole
sale merchants have for the past month been quite
busy, early and late, selling and packing goods
for the country. l have been told that the coun.
trymerchants have brought moremoney with them,
this Spring, than usual-mapy paying off old
scores entirely, and buying portion of their new
supplies for cash. The stocks have been good,
and few complaints are made about prices. 1t