The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-04-06
COMMERCIAL AND F1NANC1A1,.

COMMERCIAL AND FINANCIAL.
New York, April Cotton marke
heavy-sales 1000 bales, at sec. Gold 27S
NASHVILLE, April 1.-The following are
buying quotations of South Carolina bank
notes:
Bank of Camden, sOc.: Charleaton 15
Chester, Is; georgetown, 20; Hamburg. Is
Newberry, 80; South Carolina, IS; State Of
bia, y; Exchange, Columbia, 12; Farmers
and Exchange, S; Merchants, Cheraw. Is:
Peoples, 80; Planters, is; Planters, and Me,
chanics', Is; Southwestern Railroad, Is;
| Union, 80.
LOUISVILLE, March s1.-Leaf tobacco
groceries shade frmer. Flour dull. at 81. 81.
Corn, $4,000. Oats, 45c. Mess pork, s25.
Bacon, 13@16c. Whiskey, raw, 1924.
,CNoINNAT1, March 3O.-Flour unchang-
ed, at s6.75@s11.5o: Wheat dull, at $3.50.
@65c Whiskey dull, at 1924 Mess porS
$25@$25.50. Cut meats and bacon llomi.
nally unchanged Lard dull, at 49, Butter
scarce, and prices advanced to 53@55c.
Middling cotton, 35@36c Gold 81.
COTTON CROP PROSPECTS. private let
ter from Central Texas states that the
freedmen throughout the State are doing
we'll They will make, if the season is
good, 10000 more bales Of cotton than
we're ever produced before in a single crop
The freedmen are thinking of sending one
Of their number on to Washington to act
as their agent, but their plans are not yet
matured.
The Mariana West Florida) Courier saws
the freedmen under contracts in Jackson
County are working as well as was expect
ed-1n some instances much better. Many
OF them do not understand the nature of n
contract, or if they DO, purposely seek to
avoid it by again contracting, with desire
OF better wages. There may be instances
or feeds less than agreed upon. Upon the
whole, we find no greater or different diff
cultles than is and will be found in anv
other locality or community. 1t is sur
prlsing that system in which so much
difficulty was apprehended should be in
augurated and progressed thus far with SO
little to complain of. We believe they are
the best laborers this country can obtain.
and the staple Of the country will lessen in
withdrawing the negro from labor, in pro-
portion that other labor is introduced or
substituted.
The Columbus (Georgia) Sun saws:
During the two days we spent at Talbot
Court, this week, we conversed freely with
planters as to crop prospects. We found
some sangulne of success, while others
were IN doubt. All concurred in the great
fallng Off in the number of laborers en-
ployed-about one-halt, as compared with
former years, seemed to be the general
opinion, and that half is estimated at
about two-thirds it's value under the old
coerclve system"
A letter to the Milledgeville Recorder.
from Early County, written on the 18th
ult;, says the people of that County are
making some efforts to make a crop, though
the prospects are not at all f1attering
Mules, tools and plantations are in bad
condltlor and labor scarce.
The Union Springs (Alabama) Times
gives very fattering account of the wav
the freedmen in that vicinity are working
on the farms.
New ORLEANS, March 29.-The cotton
market was very buoyant yesterday, and
sales of3,OO5 bales were effected at an ad-
vance Of fully 1@2c. upon previous prices
Had this Improvement been submitted to
by majority of factors, the total sales
would, doubtless, have been much heavier
however, as the demand throughout the
day was active and general, in view of the
heavy advance in quotations of cotton in
Europe, as advised by the steamship
CHINA, and of the upward tendency of gold
and foreign exchange at New York. Seve-
raj factors put up their rates fully 3G94c,
however, and this movement had the effect
OF restricting operations to the figures al
ready stated. The closing quotations were
31@41c.
There is no alteration to notice in sugar
and nloiasses, and but few sales have
transpired since our last, as may be in
ferred from particulars of the report for
the day. The sales Of -four footed UP
2,7O0 bbls, at previous prices. The move
ment in corn was extended to %, 900 sacks.
at easier rates. Operations in oats com
prised sales ST 300 sacks, at further de-
cline, and transactions in bran in cluded
l, 400 sacks, at falling of about &c. per
100 pounds.
CoTToN.-The New York Herald, on the
authority Of mercantile circular publish
ed in that city, gives the number of bales
OF cotton taken from the Southern States
since the close of the war, at 1900, 900, to
which it adds 200,0 600 bales not accounted
for in published estimates. No doubt can
be entertained Of the influence which all
this amount of cotton has had over the
money and other markets, and it gives us
an idea of what will be accomplished in
the way of clearing the public debt, reducing
the premium on gold, and regulating and
strengthening the commercial interests Of
the country, should measures be taken to
place the South in favorable position for
deriving full benefit from her soil Those
who oppose the granting of equal rights
and privileges to the States formerly in in
surrection cannot fail to see the immense
inil1ry which their ,foi ~