The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-04-12
COMMERCIAL AND FINANCIAL.

MOBILE, April 4.-The downward tenden-
cy IN the price Of cotton. occasioned by the
unfavorable advices through the last Eu-
ropean steamer, together with the weak
condition OF the New York market, has
caused pretty general misgiving on the
subject OF another advance for some time
to come, and there are not few who pre-
dlGt that middling will go to 80 cents and
below within few days. The quotations
Of to-day, compared with those OF the close
OF last week, show decline Of over cents.
The demand to-day has been confined to a
few buyers, and while most Of the factors
cvlnce Willingness to sell, the inside
figure was almost invariably refused. Sales
to the extent Of 1900 bales were effected.
the market closing quiet and easy at 33M34
cents for middling.
New ORLEANS, April 4-The cotton mar
ket has been exceedingly unsettled since
our last, and transactions yesterday, which
were limited to 1,649 bales, we're effected
at such irregular rates that it was impossi-
BILE to obtain reliable or even approximat-
ing quotations.
There is no alteration to notice in sugar
and molasses. Sales yesterday, So hhds.
OF the former, and $50 bbls Of the lat
ter at previous prices. Cuba sugar and
out meeting more than nominal demand.
Sales-of flour, yesterday, included 1850
barrels, at previous rates. Operations in
corn comprised $500 sacks, at advanced
ngures. Operations in oats were limited
to 1000 sacks, and those in bran to /, 900.
at the pr1ces furnished in our commercial
article.
COTTON GROWING IN SOUTHERN ILLINOIS.
The following facts are from q number
carefully collected, and are believed to be
rehaole, and fair statement of the ave-
r Qfyn ~ vo o.,k
neis:
MIR. Parent, in the immediate vicinity
OF Du Quoin raised on three acres, 5000
pounds OF unginned cotton, which gives
about 800 pounds Of ginned cotton, or 266
pounds to the acre, at 40 cents per pound.
per acre.
William Gray, ten miles Southwest OF
Du Quoin, had three acres. which produced
$500 pounds. If sickness had not prevent
ed the proper cultivation of it, he thinks
the product would have been not less than
l,500 pounds per acre.
George Wells, one ne-and-a-half miles East
CT Du Quoin, raised five acres, which ave
ragged $50 pounds per acre On Elk acres
which he leased to another man for the rent
or one-fourth Of the cotton produced the
rent gave him s21 per acre.
Ihe present price of cotton at this point
is 10 cents per pound for unginned cotton.
farmers generally are of the opinion that it
ls the surest and most profitable cron
raised IN this section of the State, neither
cmnch-bug nor drought affecting it Sc
riously.
One man ant horse, during four months
OF the year, can cultivate ten acres; two
bushels of seed are required to the acre;
one-and-a-haf cents per pound is the usual
price paid for picking. In this region. the
two last years have been somewhat in the
nature OF experiment, almost all the cotton
raised having previously been in the vi
NO CoRS.-Some OF the papers express
apprehensions that but little corn viii be
grown this year. They make sure of hat
fact. Not enough will be raised to feed the
plantatlons, to say nothing of the towns
ana non-producers generally. Many intel
hgent farmers hold it to be sound economy
to raise no breadstuffs this summer; but
we doubt 1t very much. The plantation
should be made self-sustainine as far as
possible. The common distrust of the la
DOT, ana the anxiety to produce as much
cotton &C as possible, will, however, reduce
the yield OF grain very much. The West
must now feed us; and if the freedman
turns out to be faithful laborer, the trade
between the South and West will exceed
anything ever before existing 1t will de-
mand large outlays Of capital, and cheap
transportation.
Macon Journal and Messenger.
DRY GooDs.-Trade continues active. but
with unusual moderation for the season.
Cotton fabrics are steady in price. but
woolens. especially fancy cassimeres, have
fallen still lower. Prints are in good de-
mand. All desirable qualities are steady.
Stocks have been reduced by the previous
concession in price. Brown and bleached
shirtlngs and sheetings show greater firm
ness, except for the lower grades. which
are neglected. Drills are active and firmer.
| Stripes and ticks sell moderately. Good
grades OF glnghams are in demand. De-
lanes are IN abundant supply at easy
rates. Prices favor the buyer. Broad
cloths are inactive and prices nominal.
fancy casslmeres are in very heavy stock,
even or good grades, and prices are weak
at quotations. Holders are very anxious
to sell. Tweeds are doing better Flan-
nels are steady.
torelSn goods are in animated demand
Holders are ready sellers at lower prices,
winch are inducing larger prices. British
dress goods are in vogue, but are in over
supply, and sell low; as also is the case
with German goods. Silks and delaines
have fallen. Prints and bleached cotton
fabrics are also lower. Woolens are not
SO active, but linens are much sought for.
RIbbons and millinery silks are in great
request auction sales are numerous.
Large quantities of imported goods Of de.
sirable styles and qualities are being press
ed to sale at moderate prices, and no lines
onered are withdrawn, the demand being
good at the decline in prices. The ctionn
the trade. "a
The importations Of foreign dry goods