The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1866-09-29

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cation with The whole n Europe,
We read In our morning papers ul
to-day reports oi yesterday evenings
Liverpool and London markets and
\ the Paris bonrse and Wall street aro
hourly iutcrchaugiug remarks on The
money market, while Liverpool and
Pearl street operators are constantly
aud eagerly watching cach other
The past month has been most
quiet one in speculation. Hopes were
promatnrcly entertained by the hold
crs Of cotton that, on the conclusion
Of peace between the European bel.
ligcrents, prices would materially
advance, both in this country and in
England. The treaty of Prague,
which has settled the political quarrel
and reinstatcd commerce in its lcgiti-
mate course, has not fulfilled the cx-
pcctations of dealers on either side
of the water. Although the stocks
of cotton in Liverpool are greatly re-
duccd since two months ago-thcn
over million of balcs--and the sup
plies reported aaoat for that market
much lighter, yet that market closed
yesterday evening dull and lower,
middling uplands being quoted at
l3ld., and without activity. In our
market there was some activity and
n good demand for the best grades
early in the day, but closed weak
and unsteady. For the last two weeks
many timid holders from day to day
forced sales at from to . cents be-
low the authorized quotations. Buy
crs were independent and indifferent
and held anxious sellers at Their
mercy.
1t will be seen by reference to ouI
last monthly circular that the market
closed on the last day of July at
36@37 for middlipgs. 1t opened on
the LIST ultimo unsteady and irregular
at the same figures, and during the
entire month was marked by de.
clining tendency-droopi gradually
from the opening quotations until
yesterday, when middlings touched
32@33-the outside price being oh.
tanned only for even running lots O
respectable size. 1t will be seen by
reference to our figures below that
our exports for the month have beer
remarkably large, being about three
times as much as in the previous
month, which is somewhat surprising
when we note that foreign exchange
has been so low and sterling bills Sc
difficult to sell. Notwithstanding
this, gold has kept up much above
its proper standard, considering tn,
high price of American securities
abroad, and their continually advan
cling rates, by monied combination
under whose influence coin has beer
, loaned at such an enormous rate o
, interest, reaching on some days ! t.
] per cent. per diem on currency col
| laterals.
: From the South we have daily an'
Q conflicting adviccs. Some are hope
ful and extravagant, estimating tn
3 present crop at two and a half mil
lions of bales, while others reducing
3 the estimate as low as one and one
: fourth millions. A few more month
Y will determine which are nearest cor
rect. No matter what the result q
1 the present year may be, il is to u
4 evident that in the future as in tn
,f past, England must depend upo
II this country for her chief supplies, Q
G was developed in meeting of III
v English Cotton Supply Association
y held in Liverpool on the 9TH ult. |
i India il was shown that the suppl
/ would be much smaller this year tha
Il last. The same remark applies
Is China and Egypt; while the cotto
D. grown in Turkish Arabia il inad
\. quate to the demand for local col
= sumption, the deficiency being sul
l. piled from Persia. In some of Il
d minor provinces in Arabia and bo
10 dering on the Persian Gulf, as al
in in Central America, the accounts a
@. unfavorablc.
n, We append yesterdays quotation
IN remarking that some sales were ma,
he at lower rates:
d, NEW YORK QUOTATIONS..
Ordinary, "a q,
y Good Ordinary, q a.
y, u, Low Middlings, 80 q.
Middlings, 32i@
y, Good Middlings, 81 a.
~ Middling Fair, q
y. Receipts for August, 1866, 24,4
=. bales.
~ Sales and rcsales for August, 1sC
on 1890 bales.
MI Exports for August, 1866, 900
bales.
Stocks in New York and on sh
board not cleared, estimated, 1000