The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1865-11-22

WILa11SeToS, November 17-Salcs OF 5
pal bales middlinS cotton at 42lc. Sales of
l0g bbs., spirits turpentine, at Zoe; III
bb!s crude turpentins, at So; 495 bbls. tar,
% bbls. (talc) at s., and 100 bbls common,
at s.; 300 bbis. and 200 gallons low grade
No. ,, at 1915 (tale)
NoDur November 1.-THE sales OF cot
ton here this day amounted to 1,2O0 bales
I The sales of the week were $3.50 bales
Receipts of the week Il, 5iS bales. Exports
Of the week 9,934 bales. Stock on hand
57,277 bales. Gold 4SGl50.
NASHVILLE, November 1e.-The cotton
market is active here to-day-prices rang
ing from 40CL43c.
NEW YoRK MARKETS. New York
Herald, of the 18th instant, says:
! Tho steady pressure to sell national Sc
cuntlcS, and their consequent decline in
price, Is the natural result of the country
beng overloaded with them, and of the
prevailing apprehcnsions that the policy of
theGoVcrnment t.svors a contraction, which
will conducc to 4 general decline of prices
Moreover, as y cont: action of the currency
would involve Il nearly corresponding in
| crease Of the funded debt, the holders of
the bonds representing the latter arc the
first to take alarm and hasten to convert
tAiciA SSSulltltS litO ClSI, OI OlnCT DTO-
perty, which they imagine will prove more
prof bic to them. This tendency OF
public feeling has been materially inf1u-
enced by the talk of the radical contrac-
ZIONIST and Mr.. McCulloch's Fort Wayne
speech, and as all extremes ought to be
avoided, the needless apprehcnsions of the
holderS OF Government securities should
be checked before they have time to un-
derSo much further development. Within
the last two or three weeks, large amount
of Government securities has been sent to
this point for sale by country National
Banks. the unduly expanded condition of
whose affairs rendered this course abso-
lutely necessary to maintain their solvency;
but now private investors are observed
to be selling out their Governments, which
furnishes practical evidence of their dis
trust Of the stability of current prices.
This is mainly oN ing to exaggerated ideas
regarding the future action of Congress
with respect to the finances.
Money was generally reported easier on
the Stock Exchange, but the rate is strictly
per cent. at call. There is little DISPOSE
ton shown to discount any but prime
names, and, except for regular customers,
the rate for first class commercial paper is
S@9 per cent, the rate in the other case
being Z. Very good signatures, however,
submit to 10@l12. Gold was steady. The
market opened at At, advanced to AZ, and
closed at the opening quotation.
The issue Of certificates by the Sub
Treasury will commence tomorrow with
the denominations of $50, 800, $1,000 and
$1,000, to which Will he added, when ready,
those OF $50 and $4,000
Foreign exchange was dull, at yester-
days rates Bankers bills at sixty days
sold at 10S5NL1OS{.
FOREIGN MONEY MARKETS BY THE PERSIA.
The steamship Persia, which arrived at
New York, on the 18th instant, brings
ny,E l,.,,, -
clal affairs We're assuming Il more assuring
aspect. The Bank of England was in an
easier position, and speculation showed 4
general disposition to steady contraction.
The amount OF notes in circulation is f21,-
SH ,3O3, being an increase of f27, ,405; and
the stock Of bullion in both departments is
fl3, ,227, '03, showing an increase of GS, $50
when compared with the preceding re-
curn.
The London Times Of November 3, re-
marks:
This statement is fully as satisfactory
as had been anticipated, although it shows
that further amount Of coin, nearly
equai to the whole t154 900 of foreign gold
sent into the bank during the week, has
been absorbed by the public at home, not
wthstandng the unusual quantity already
in crculation.'
Advces from Frankfort mention that the
pressure for money, which had prevailed
! ior fortnight, mas now totally SuDSlded,
ard that discount in the open market is
easily obtained at per cent. The remit
tances into the country for producc-such
as wines, hops and tobacco-have been
moderate this year. and even below the
general average, the growers holding back
IN the expectation OF higher prices. Still,
quotations at the Bourse have not i'm
proved, American bonds being depressed
by heavy arrivals, and the increase in the
quotation for gold at New York, while
Austrian securities have been damaged by
the unsettled state of the Vienna Bourse,
on foreign account, mainly attributable, it
is alleged, to the ''unpopularity Austria
seems to court in Germany by joining
Prussia in brow-beating the Frankfort
Senate" The liquidation for the end Of
the month was passing off favorahly,
although Q per cent. was the rate for car
rying over United States bonds to the next
| account. Exchanges firm, particulsrlY Vi