The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-01-22

The CoTToN TRADE-PRosPEcrs OF
HIGH PRICES "A New Orleans cor
respondent Of the Memphis Aca-
lanche says:
"The half Of the cotton that will
pass through this city has been re-
ceivcd. Many persons estimate the
receipts at two-thirds of the full
amount. Tho favorable foreign aG-
vices OF the past few days have pro
duced lively market, and increased
the activity on Change and general
transactions on Canal street. A new
philosophy seems to have entered
into the spirit Of calculation here
within the last few days. Last week,
the impression prevailed that cotton
would not go beyond thirty five cents
at any time; now the idea obtains
that it will reach forty cents or more
before next spring. You may have
noticed the reason of this in the ad-
vices from India. The Bombay plant
ers have determined to bull the
English market. Factors there are
standing aside, quietly awaiting a
collapse in the recent eXtravagant
prices Of Eastern cotton That the
India cotton crop has largely failed,
was owing to easily recognized causes.
Last year, the enormous prices that
ruled for all classes Of cotton induced
every one to plant that staple. This
was done to the utter neglect OF rice
and other cereals, the production of
which is absolutely necessary to the
snstcnance of that people. Having
thus neglected to provide for living,
famine ensued, and, as consequence
of this, the laborers on cotton plan
tations had to abandon the fields.
Many thousands died. The crop was
lost for want Of cultivation. 4 short
and comparatively small crop of
Egyptian and India cotton is the re-
suit 10 make up the requisite sup
ply for the usual consumption, all the
cotton in America will be required,
and then the amount will not nearly
equal the demand. The supply being
short and the demand absolute and
large, prices must reach much GreAtcr
figures.
"Howover, it Will be prudent for
those of our people who can retain
their cotton for Il few months. to do
50.
A CowARDLY AssAssINAT1ox.- The
Nashville Press and Tines, Of the
10th, contains the following account
Of the murder Of member of the
Tennessee State Senate:
Late last evening, we received the
horrible intelligence that Hon. Almon
Case. member of the Senate from the
22d District, had been brutallv mur-
dered. II seems that, q few days ago,
man, whose name we could not
learn, but who was Il resident of
Obion County, in Which DR.. Case
lived, rode into the town Of Troy,
and up to a number Of persons stand
ing on the public square, and shot
one Of the number down; who this
was, however, We could not learn.
Immediately after this, the man rode
off, and going to Mr. Cases house,
inquired for him. His wife told the
man where the doctor had gone,
which was some miles distant, and he
departed in that direction. When he
had proceeded a few miles, he met
MIR. Case coming home Both being
on horseback, he turned to accompa-
ny Mr.. Case to his homo, as the latter
evidently supposed, and they rode on
together some distance. When near
ing the home which the villain was to
make desolate, they met two other
men coming up in the opposite direc-
ton. When they were sufficiently
near to afford assistance to the MUIR
dcrer, in case he should need it, the
tiend drew a pistol and shot his I'M
suspecting victim dead upon the
spot. The three persons then rode off.