The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-01-16
COMMERCIAL AND FINANCIAL

LivERPooL, December 22.--Thc cotton
brokers' circular reports TIE sale of
Orleans at 23d, middling Or ms at o1Id.
fair Mobile at 223d., midGling Mobile gid,
fair upland Mld mi I,iling uplaud ed, tie
market closing with an upward tendency.
Sattert hwaltcs circular of the evening
OF 10Th December says since our last a very
large amount OF business has been trans
acted III 5-2Os, at considerably enhanced
quotations, as the messag, of President t
johnson YES renewed confidence
Advice rom Frankfort State that since
the reception Of the Presidents message.
an immense business had taken place in
American stocks-and an advance Of ;, in
two days.
LIVE Pool: December 3l.-'Thc sales OF
cotton for the Week amounted to %. 600
bales, at a decline of 1d-thc market
closing tirmcr, and New Orleans mid liiurs
being quoted at 214d. United States five
twenties 63@63!. The Bank of Entlands
rate OF interest is per cent, and the de-
crease of the bullion is c47O O0O0.
New YORK, January 1l.-rlou- dull.
Southern wheat declined 2(13c Corn de-
clinied 1c. Beef, pork an,l lard firm.
"hlskey dull: Cott on steady. Sugar and
coffee firm. Naval stores dull. Gold 1881.
NEW YORK, JANUARY 10.-Cotto0 steady.
Gold 3S!.
R1cuMoSD ] January 1a.-Gold las been
steadily declining III the New York market.
and has correspondingly receded here.
we quote, today, buying rate, 39--sclling
~. New York quotations. So. 1t is sup
posed that the Indications from Washing
ton. touching financial matters, give a
better assurance OF no sharp measures to
hurry up specie payments. Considering
that there Is nat much circulation now in
the Southern States, it is not assuming
too much to suppose that the entire 5.ar-
ing circulation OF banks and Government
is not much, if anything. in excess of the
demands OF commerce. The means of the
Government, therefore, if employed in re-
ducinS the amount Of its intorcs. bearing
o3lisat 'ns-the class bearing highest in
tcreet-without disturbing the currency
until we recover a little fras" the war.
and avoiding any interruption ofcommerce
and credit at period the most critical.
The following are the quotations for
South Carolina bank notes: Bank of Cam
den, 40c.; Charleson, 20; Chester, 20;
Georgetown: 90; Hamburg, 20; Newberry,
Carolina, 20; Comnarci"l, Columbia, 1S;
Exchange, Columbia, 10: Farmers and Ex-
change, 10: Merchants. Chcraw, 90; Peo-
ple's 45; Planters 30: Planters and Me
chanics'. 25; South-westcrn Railroad 80:
State. 10; Union, GO.
FHHlnla IdMiiy -!ni'''- t3tLSl1: extra
s1l9S11. 25; super6ne, s.. 75G1 -: :-Namth.
ern family, $l1 500lSl2: exit X. ,0MS10;
superfine. s9GS9.50. The Eichmond in
spcction stands higher than the Northern.
IoU1sv1LLG January s--Thc hog
market has been dropping all the week,
and buyers to-day were not Offering over
&c: gross for good conditioned hogs, with
sales of light averages S50lS}c. Drovers
are not willing to submit to any further
decline and are packing on their own ac-
count. We hear of no material transac-
tions., and subjoin the full returns Of the
packing and receipts to date:
Previous report OF number killel 73.5Il
Killed to-day y " .9o7
The New York Commercial +4dcelTise, saws
that as the process of moving the crop
progresses, all Indications go to show that
our estimate ola supply of not less than
$500, 900 bales will be realized. These pro-
upon the cotton market and the cur .cnt
high prices OF domestic cotton fabrics
Their bearing upon foreign exchange is
less important than might at first sight ap-
pear, as IN increase upon the anticipated
supply Of cotton will so far reduce the
price as to 1lake the aggregate value of
the exports about the same as would be
realized upon more limited shipment at
higher prices.
n