The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-03-20
COMMERCIAL AND FINANCIAL.

| AUGUSTA, March 16.-The cotton market
continues unusually dull and unchanged
Gold market improving. The demand has
been active at improved prices, and could
| not be supplied at 80, which was freely
| paid. Brokers. buying at 30, and selling at
80; buying silver at 25, and selling at 80.
NASHVILLE, March 16.-There was more
cotton offered on yesterday than am day
recently, but with no change in prices.
We still quote 31@33c. according to quality
The United States Eeconomia. Of the
| 10th, says:
''The stock of cotton in the country was
made up by the Government and through
mercantile sources, and it is found to be
much larger than was generally anticipat-
ed. The supply in the country was close
| on l. 500, 600 bales, although the Govern
ment returns do not make it over ,250, ,OOO
The stock IN this city alone is about 227, 900
bales. Some brokers have run the esti-
mate as high as 256, 600, and this has
| frightened the insurance companies so
| that they have doubled the rates Of insur-
ance. Some, in fact, have been consider
ing the proximity of insuring any more
cotton at the present.
The export Of cotton during the week,
compared with the corresponding week of
last year, has been as follows: Total for
the week, 17,442 b-les; value So, ,678, 81.
Total since January l, 100, ,555 bales; value,
$22, ,22S, 107. Same time last year, 1851
bales; value, s3,367,3S5.
| The Cincinnati Commercials financial
article, of the 14th, contains the following:
| Ihe growing ease in money has stimu-
lated speculation in stocks, and we have at
resent moment, the anomaly of compa-
/ .atlve stagnation in the markets for pro-
duce and merchandise, concurrcntly with
a strong advance in the stocks of roads,
which depend for their revenue upon the
activity of commerce. Leading operators
in stocks appear to Be sorting themselves
off into cliques for the manipulation of
almost every stock upon the list. The
speculative movement in gold and oil
stock continues. In gold stock, there was
o slight reaction from the rise of yester-
day, except upon Benton, which rose
to $50. The effect of the assessment Of
25c.. per share, by increasing the amount
in the treasury to about $1,000 has the
effect OF strengthening the stock. Bales
and Baxter is less active, but firm, at 461
70; consolidated Gregory sold at 23@24.
! Government securities remain very firm.
| The demand for 7-30's remains very active;
whether the demand is wholly from pri-
vate investors or partially, also from
Treasury agents, is question upon which
there is some diversity of opinion; 5-2O's
of go, rose !; 10-4O's, /; 7-sO's, second Sc
REST.
Money is again easier. Banks are lend
ing mostly at per cent. in preference to
dlscounting any large amount Of paper at
per cent. Private bankers are lending
on call at 506 per cent, and dlscounting
private paper at 1907! per cent. There is
more activity in discounts outside the
banks.
CINCINNATI, March 15.-Flour unchanged
and dull Wheat steady for the better
grades; new red, s1.75@Sf.sO. Corn dull,
at 40c. for new. Oats tirmer, and in fair
demand, at 36@37c. Rye dull and prices
nominal. Provisions held with tirmness
Mess pork, $26@s27. Bulk meats and bacon
are held tirmer-bulll shoulders we're Of
fered in the market this morning at 1O3c.,
1 but holders withdrew at the close. Lard
is in good demand, at 1S@1S4c. Groceries
dull. Cotton quiet, at 47c. for middling.
Mhiskey steady, at s2.25, duty paid. Gold
30s. -
G. NEw Henn, Maroi, 17--cotton declining.
Sales OF 440 bales, at 41c. Gold 29A.
New YORK, March 1S.-Liverpool advices
to the 7th instant have been received.
Sales of cotton for the two days previous
$1,000 bales, 900 OF which were to specu-
lators. NIiddling uplands quoted at 1870
| 19d., closing firm. United States 5-2Os
TOY. Consols e6s @s62.
SHIP NEWS.
! PORT OF CHARLESTON MARCIJ II