The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-01-25
COMMERCIAL AND FINANCIAL.


WILMINGTON, January Gothic sales of
cotton to-day amount to II bales, at 3Sc.
for repacked, and 45c. for good mildling.
CHICAGO, January 17.-Flour dull Wheat
quiet, at sI.24@ls1.24s. Corn 170DlSc Pro-
visions quiet. Mess pork in good demand,
at SIG. 6.5001$27. Bulk meat firm shoulders
1Olc. English meat nominal aud quiet.
Supply of hogs light; lower, 90133c dress
ed, Fair domand, 11@i1lc. Receipts ECO
bbls. flour; $500 bushels wheat; ii 900 bu-
shells corn; II, 900 bushels oats. Shipments
1900 bbls. flour; $500 bushels wheat;
$500 bushels corn.
CINc1NNAT1, January 1S.-Flour unchang-
ed and quiet Wheat dull, at sl:7o. Oats
firm, at 390l40c. Rye quiet at 72c. Hogs
dull, and 250l50c. lower, closing at Sl1 so
G1S11.75 for city. Receipts, 500 head
Moss pork dull, and declined to $29 for city,
closing nominal. Green meats nominal,
owing to mild weather. E::lk meats and
bacon unchanged. Lard offered with more
sellers than buycrs-1Sc. for primo city
Groceries quiet. Cotton steady, ut 47c for
mlddling. Whiskey il, good demand, ut
s2.3S3. Gold 39a.
There is said to be not less than s750, 900
counterfeit 500 Srecnbacks in circulation.
Ihcy arc we'll engraved, nd can be de-
tccted only by experts. report was 70
Gently made to the Secretary of the Treasu-
ry on this subject, which is said to contain
some astounding discoveries. s, keep your
eyes open, or you will have this trtsi, on
your hands before You are aware of it,
TnE WESTERN Ho>, TRADE. Tho Cinciu-
natl Price Current, of Wednesday. con-
talns some interesting statistics in relation
to the Western pork trade. They embrace
returns OF the packing to date, and the es-
IL
with the total number packed last season,
at the places heard from, so far, which in
cladeS all the prominent points in Ohio,
Kentucky, Indiana, Illinois, Missouri and
Iowa. The number of hogs packed and
estimated to be packed this season, at the
places included in the returns, is / IL, 22G,
against 1,7G7, ,GG2 last year. On this the
P1Icc Current remarks:
This deficit is equal to over 81 per cent
There is nothing to lead us to suppose that
there Will be any increase or decrease at
the places yet to hear from to essentially
change this ratio; and if this will not vary,
then the whole number packed Will hardly
exceed 800, 900. There will be an increase
IN their weight, however, equal to 20 per
cent, We think, which will make tho crop
equal to about 100000 hogs. The final
result may reduce the deficiency from this
estimate, but it seems to us now pretty
clearly that tho crop, in pounds, will not
exceed 2, 900, 900 hogs of the same average
Of that of 1864 G5.
The following remarks OH the financial
situation are from tho New York (o,n,ncy-
ciu Chronicle, of Saturday:
A prominent topic of discussion in finall-
clal circles is to the effect which the in
crcaslng plethora OF money and the pre-
vailng loss of confidence are likely to
produce on general business. Yesterday,
the bank and loan institutions were Offering
f, LAM of Dat
few borrowers, and the general disposition
among conservative men seems nj present
to be to avoid all time engagements, and to
contract, as far possible, outstanding
Obligations within narrow limits. We have
thus an extremely easy loan market, CO.
existing with the declining values at the
Stock Exchange and elsewhere.
This ease in money is due in part to the
closing up of the usual avenues for en-
ploying it, and in part to the accumulation
i'll the vaults of our city banks OF national
bank notes. The news Of the advance in
the Bank of England rate of interest, on
the 2Sth OF December, has had no influence
whatever on our money market, which APP
pears to be governed ut present 10y inilil-
enccs originating i'll our own financial situa-
ton.
There is little doubt that the depression
in public confidence, of which Il proof will
be found i'll our account of the weeks tluc-
tuatlonS III the stock market, is CLOSELY
connected with the anticipated effects Of
the contraction movement of the Secretary
OF the Treasury. If so, this general feel
ing OF vague distrust will probably pass
away when the practical character Of that
measure is better understood. The well
known mischiefs of violcn! contraction of
currency are What seem to be dreaded by
our business men; but iii the present and
prospective conditions Of the National Trea-
sury, such violent, sudden contraction
would defeat its own purpose, and is
equally unnecessary and improbable
No CoTroN IN TIE COUNTRY. Planters
from the interior, both i'll mississippi and
Tennessee, inform us that all, or within tho
very small fraction Of all, the cotton raised
last year has been gathered, Sinncd, baled,
that the collectors of cotton statistics, and
the commercial world at large, would do
we'll in future to put the amount of cotton
still 1.laiuiny on the plantations at next
to nothinS-tho country being almost en-
trely bare of the article, even at this early
day. The necessities of the planting com
munity-provisions, mules and horses and
farming utensils for cultivatinS the next
crop, ctc.-and the prices the 'staplc"
commands, have combined to produce this
result.
All 'signs" are, that the price of cotton
is bound to go up still higher. But cotton
does not always obey What appears to be
the ordinary law of cause and effect. Yet,
we think it next to certain that, whether it
advance or not, it cannot for years go much
lower than it now is. Some of the shrewd-
est OF our cotton merchants are of opinion
that all calculations for the future, based
on this assumption, cannot be very far out
of the way.-Men.phiS .4rguS.