The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-01-30
COMMERCIAL AND FINANCIAL

NEW 1oEK, January 27.-The rcotton
market is steady, with sales of 2. 300 bales
at 47@4Sc. Gold 800.
RICHMOND, January 25.-Thcre is notb;no
OF especial interest since our last weckly
report. No event of Importance TO tbe
commercial world has taken place. Gold
ma has been advancing and rctreating little.
10 nIo-day It stands IN New York at 39l. Hero,
the buying rate. is 3S1; selling 40 Ameri-
can suver-buying, 81; selling Sc. Mexican
dollars-par with gold
Money ls very scarce here. In New York.
1t Is quoted easy at per cent. for best Sc
curities on call, while some balances GRO
loaned ut 4. Commercial pane- ia d;son7T,t
ed at from 7@1S per cent. for best: second
rate, S(plO; and inferior. 120l15. The Bank
OF England rate is now per cent.-the rate
beng put up to check the growing spirit of
gold.
Late accounts from the South arc much
more favorable as to the present condition
OF money, affairs. The supply of cotton in
tne country is much larger than had been
anticipated The stock on hand in New
Orleans. at the beginning of the year. was
not much short of that previous to the war.
having accumulated to tho extent of sc. 600
Daies. Inns unexpected supply gives our
1ellow.cltlzens OF the South somewhat the
advantage OF ourselves in the replcnishinr
OF our lately exhausted Golfers. These sun
Plies have Peen the accumulations during
the war-the limited means and the dan,
gers of expectation having kept the ship
menus much under the production; so that
IN face OF Government seizures and de-
structlon by burning. the stock remaining
Is larger than was supposed
commercial circulars and prices current
are already spcculating as to the amount
of the crops of cotton, sugar and tobacco
the ensuing year These calculations must
be vague: 1t is Impossible to foretcll what
will be the result of tho new system of
labor, Discussions have been going on as
to the policy of making limited crop of
inc staple articles, and cultivating an
unusually large proportion of the necessa-
RES OF Life. Those who favor this, contend
that heavy export duty will restrict the
expectation of the staples very much, and
If the crops are much beyond the consump-
tion of this country, the price viii be re-
duced, while the planter will have to buy
food for man and beast. They urge the
Importance of being sure of enough food
hrst, as great advantage, while a half
crop of cotton will likely bring as much
aggregate mouey as whole crop.
ClNc1SSATI, January 22.-Flour steady,
old red. Corn steady, at 540155c. for No
=! shelied Oats steady. at 39@4Oc. for No.
l. Rye steady, at zoe. for No. 1 Hogs
tirmer and in good demand; s11.45@5s115O
for city dressed being offered, but holders
are firm at Sill 70@$11.75. Receipts, $500
mead. Mess pork firm at $50 for city
dressed Bulk meats tirm-12D12ic. for
shoulders, II lc. for rib sides, 155c. for clear
RIB, and 16c. for clear sides. Bacon in good
| demand, 1440n194c. Lard dull, at 174M179c.
for prime city. Groceries quiet and un-
changed. Cotton declined to 464c for mid
ding. Wbiskey steady at So Gold 394.
BALTIMORE, January 26. Flour dull.
Wheat steady-white s2.S00tS2 So White
corn steady at Ole; yellow active at 76c.
LOUISVILLE, January 20-Thcrc was n
steady and active demand to-day for the
country and jobbing trade, as well as for
the filling of Southern orders, which are
accumulatlnS on the market. The de-
mand continues steady for grain, flour and
being agricultural implements. hollow
ware, stoves, &c. all the manufa ctorics be-
ing fully engaged, with orders in advance
of their ability to fill them.
Sound corn is steady, though somewhat
lower, and prime white is freely offered at
SOGS2c. on the wharf, for shelled in good
gunnies. We quote 4 sale Of 7 900 bushels,
to be delivered at 4 point on the lower
Ohio, on private terms; a sale of 500 bushels
on the wharf, prime white, at S3c, includ-
Cotton IS unchanged, with a small sale of
low middling at 445c. The stock is fair
and receipts only moderate.
In the hog market, we hear of nothing of
HioiilcHu lldilS pm anu no safes OF nOSS
reported. The packing at this point this
season is estimated at about the same as
the past, excepting that there will J. an
increase III weight this year, and q CORES
ponding increase in the yield of lard
Tho money market working closer
to-day. The rates We're 90l0 per cent. on
first-class paper, and variations were often
cr above than below these figures. Tho
demand Is --ly moderately active, but the
banks arc indisposed to extend accommo-
dations, except to their regular customers.
Gold was firmer, opening at 3Ss, and closing
at 3SI. Government securities are steady,
with little or no demand for gold-bcaring
bonds. Exchange is in better request.
Banks were offering 1-100G1-20 discount,
and selling at par to / per cent. premium
AUGUSTA, January 2G.--With the exception
of sale of several small lots of cotton, al 4
decline OF 1c. on yesterdays prices, nothing
has been done in the market. The decline
in the Liverpool and New York markets,
reported yesterday, has had the effect of
operations. We are, therefore, without sa-
tisfactory quotations. Sales of gold were
made to-day at 5000. Brokers buying at
81, and selling at 5000.
LIVERPOOL, January 12.-Cotton declined
201d. Sales of the week SO, 600 bales;
sales to-day (Friday) 10000 Middling
Orleans 2Od., closing steady, Consols $500
81. Five-twenties 64sM65.
LIVERPOOL January 13.-The sales of cot
ton to-day reached 1000 bales, the market
closing easier, with quotations barely main
tanned.
ROOMS Tc RENT.