The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-05-26

a LouS ComtnSFclat pressure TO accom-
bear upon the Senate.
,coSInIERCrAI. AnD FINANcIAL.
AuausrA, May 24.IThsre was but a very
few sales, at so@asc. Holders and II; buyers ,
are holding OFF on account Of Northern ad-
vices. - -
NEW York, May 24.-Cotton firm-sales
to-day 500 bales, 1t 40@42c. Flour 100
l2 !2cs higher,m,,saies Of 1s,oo9 barrels, at
se, ,ooS' bushels, at sI,7ea2.a6. Corn has an II,
advancing tendency, being already 264c.
higher. Beef steady. Pork heavy-mess,
$30.25. Lard firmer. Gold 1899.
MOBILE, May 24-sales Of cotton to-day
IA bales--middling 35@36c. Demand active
and factors very firm at quotations.
New ORLEANS, May 23.-Cotton buoy
antMsales al eoa,6 of $500 bales; middling quoted
The English financial crisis produces
much excitement here. Many bills Of ex-
change are expected to be returned.
CHAnI.EsToN. May 24.-Cotton has adj
vanced fully &c. per ID. during the week,
the market closing firm and advancing.
The following report will show the state Of
the market during the week: On Friday,
the 18th instant, 120 bales changed hands,
at 19(032c. for low middling to middlng
On Saturday, there was an improved in
curry, principally from Northern buyers
the day a@lc. per lb., the sales amounting
to some 300 bales, on basis of S3c: for
strict middhng. On Monday, prices be-
came very irregular, but advancing, with
sales OF 100 bales. On Tuesday, strict mid
ding went up to &c., with sales Of 100
oales, On Wednesday, $50 bales were dis
there was still an upward tendency in tho
market, about 200 bales changing hands.
We quote: Ordinary to good Ordinary. 90
0b32c.; low middling to middling, 3s0 Soc. ::
strict middling, SIC.
Ihere have been no sales Of sea island
cotton, and with light stock we quote the
market nominal
COTTON STATEMENT.
Stock on hand Sept l, 1865. =. :s62 1910
Receipts from Sept. l, 1865, to
May 16 1896. -. 5.264 81, ,9s9
u 3, lsGS. ....:. 10 1903
Tx recp Us not before counted 2.U77
Total receipts. 5,eso b, ,es4
Exports. s. I'd. Up'd.
Exports from Sept
- ASoJ, W Mhy
Is, 1866. ..... 1892 S3 O3S
From May Is to
May q, 1866. 1,030 49,.
Total exports. 1872 s4,O6s 1892 81, ,06s
On hand and shipboard 80. GA 1916
Stock OF rice small-clean Carolina. 11M
12c. per lb.
The receipts of hay during the week
amount to 1900 bales of Eastern and
North River, at S1.30@o1. 40 per hundred.
Recelpts OF corn continue large and in
good demand, and prices maintained with
considerable tirmness, viz: slOG01l.23.
Oats 60(165c. per bushcl.
Snper flour 80 per bbl.
The advance Of bacon in o,Iier markets
has put up the price here, and we quote
shoulders at l5lA16lc., and ribbed sides at
1S4Nt13c.
Salt Sl.50tLl 60 per sack.
frelghts to Liverpool arc without change,
say 3Gl9-16d.; to New York. steamers = re-
taking cotton at &c. per Ib; bv sailing ves-
sells, &c. per lb. on cotton
vnnced, and arc selling ut 6 20 for sixty-d day
bills, with an upward tendency.
ihc banks are selling sight checks ON
New York at per cent. premium: private
drawers arc checking at sight at 16lt per
cent. premium
Brokers are buying gold at 80 and SELL
ing at 40.
BUYING AND SELLING GoLD, Etc. The
monetary effect of the late European news
IN this market, we predict, will greatly
dlsappoint the old world, when the steam
ers or Saturday end their next voyage from
America. 1t was said in some OF the Hri
:lsh Journals that wc conld not avoid a
panic, but panic has been avoided. The
money market continues easy, large ship
mcnts of specie have been made, and Go
Eernment securities maintain their prices
There ls just one secret for all this. The
Secretary OF the Treasury has resolved TO
MAINTAIN the credit Of the Government
and to this end, has been ready to sell
specie, III any amount, from 500 to
s2o, ooo, 600, at premium not above 13O..
Others have sold trite lower. because
they knew the Government would not per
mt higher rate to be named. and that
with such lion in the way Of an advance
IN gold, 1t was more likely to rule below
than above $50. The Treasury agent
since Monday, has been ready, but without
purchases, to sell gold for 1907. Mr.. Nc
Culioch is doing an cxcellont business for
tho holders and sellers of United states
securities abroad, in thus controlling the
gold market for their advantage. They
ouy cheap abroad and sell dear here. be-
cause the Government aids them in turn
ing their bonds into currency, with which
gold can be bought and shipped at COM
Y y - n 4 Nynl Inx