The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-05-04

faithful exertions of the colored popu-
lation, the fire would have proved
very disastrous.
PRoH1B1TED.-NIayor Withers, of
Mobile, has prohibited the ringing of
auction bells. The practice was pro-
nounced nuisance.
COMMERCIAL AND FINANCIAL.
There was quite 8 fall in gold in New
York on Monday. 1t opened at 1864, and
closed at 1861 1t isiprobable that the ap-
pretended abundance Of gold through the
more pacific character of the foreign news
had favorable effect, and reduced the
gold premium. The range Of the market
in New York since the commencement of
the year is as follows:
Highest. Loecest.
January .144i 1874
February ..... .. 14It 136
March 1856. I24,
April. ....... 129. l25s
government securities remained sta
tlonary. The New York money market
remains extremely easy, at i0I5 per cent,
with the majority Of transactions at the
higher rate.
The increase OF national bank capital
last week was s., 900, 900.
The interest on the call loans in the
Treasury will be reduced to pcr cent. on
the 18th OF MAY
The shipments of specie abroad on Sa-
turday were exceedingly s1nall--amounting
to only 50, 500.
ENORMOUS CoTToS SMovEMESTs.-The ex-
ports of cotton from this port ran ahead Of
all precedent during the week ending last
evening, having reached 22,277 bales, OF
, the currency value Of So, ,S82 7G0 or all
average of about SITS bale The footings
OF the week 3 return make the total ship
lnents OF the staple from this port cxclu-
sivoly since the first Of the current month,
b3.3n bales, or an average Of about 5000
tember /, 1868, 4l6, l67 bales, worth at leust
| 81, ,O0O, 900 OF lawful money. Since the lst
instant, the receipts at the port have been
36,66l bales; since January l, 1866, 27l $50
bales; and since September l, 1865, less
than eight months, 725, BAG bales, certainly
equal to currency value of s139, GOO, 900.
Estimates of the available eupply now here
range from 10000 to 23O 900 balcs-the
average being 20A0O0 bales, representing a
currency value OF not less than s35. 900. 900.
Ne~ York journal Of Commerce.
WILL Dry GOODS AGAIN ADVANCE? ?-On
this subject the New York $50. takes a
negative position, and reasons AS follows:
The price OF raw cotton was, at one
the average price il New York is less than
forty cents pound, the reduction being
caused, not by an increase Of supply. for
little cotton has been grown since the high
figures were current; but it is caused by
| the cert ainty OF supply in the future The
decline in the value Of imported goods is
attributable partly to the same cause, but
directly to the decline i'll gold. Now there
is no probability that gold will advance to
any material extent, nor is it likely that
any new cause will intervene to occasion
distrust in relation to the supply OF cotton;
consequently, there is no ground upon
which to base the opinion that prices in
the dry goods market will again advance
The present decline has been very steady
and gradual 1t has occurred in spite of
the most strenuous opposition Of tho
speculative interest, and it NAV be set
down as the natural and legitimate effect
of the transition OF 4 country from o con-
dition OF unrest and excitement to a con-
dltlon OF comparative confidence, stability
and certainty
RICHMOND, April 30.-Our markets con-
tinue very much depressed, with little
alteration in any branch Of business In
deed, there is no good reason to anticipate,
any revival in trade until there are crops in
pie. Agriculture ls the dependence, and
the only dependence for US. That must
create tho wealth that will give animation
to business and increased activity to COM
mcrce.
Our city is gradually settling down like a
ship that has been on fire. It cannot go
under, however. The bottom on which
she will rest is hard and firm. Once upon
it, and calmed down to the true estimat OF
the situation, she may begin to repair
damages and renew her former beauty and
her fitness for the prosperous voyage which
is before her.
Living is more reasonable, but rents are
still above a 'let-live" mark. Yet they
cannot be maintained, and must come
down.
Gold. IN this city, was, yesterday, 124a@
1876, buying and sellipg;. silver, 1180120,
buying and selling.
AUausTA, May 2.-Cotton very dull.
Stand off between buyers and sellers. Mid
ding to strict middling, 25t@26A. Gold
dull. Buying at 126; selling at 1877. Silver
buying at 1870; selling at 124.
LOUISVILLE, April 3o.-Leaf tobacco
steady; sales 16 hhds.. at s3@S4 Mess
pork firm, at s2s.25. Lard, 2o022c. Ba-
con, 130Ll7ic. Superfne flour, 81. 50@s7 rs
Corn 55Ql72c.
WLMINoroN May SO bales of cotton
were sold yesterday, at 27@2Sc. per pound
for middliug. 166 barrels Of crude turpen.
tine changed hands, at 81 50G4s4. 05. There
were sales of 130 barrels of spirits turpcn.
tine, Mt 52tW53c. There were some sales
of common rosin. at 81 504s1. IS per barrel
and sales Of SO barrels pale at $SG$S. .25.
AUCTION SALE OF SECURITIES -Messrs
John s. Riggs & Co. sold III Charleston, on
Wednesday, the following securities, at