The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-05-22
THE CHARLESTON MARKET


COTToN.-The hopeful views OF many holders Of
this article who have been expecting an advance on
the prevailing rates, have not had their opinions
strengthened by the course Of prices during the
past week, AMI although values may yet improve
during the rem ainder Of the season, it will probably
have to arise from other causes than the shortness Of
the American crop, the amount OF which is, BY this
time, no doubt generally correctly estimated both
by British and American manufacturers without Its
producing tile further upward movement looked for
in some quarters. The cotton spinnes appear to be
bending their energies to work throughFon short
time and, with the hope Of increased supplies from
India and elsewhere. Should, however, any special
disaster happen to the crop just planted in this
country it would be reasonable to look for higher
rates The leading markets. at the commencement
of the week, opened frmer, and prices slightly I'm
proved, but the demand afterwards lessened, and
the article, during the latter part Of the time, has
been dull with declining tendency; the quotations
at LIVERPOOL, which opened at I'D. q ib. for mid.
ding upland hardened 10 126d, but have since de-
cl,ned to I'D @11Xd @11Xd.@ .@111sd.; and the New
York market, which commenced at Si@3l1 ~,
stifened to s1H@52, but again fell of to
sI@s1,< and so@So,S, closing yesterday at so@soc.
p ID. tor New York middling, while In this market
ruddlina upland, which ON the first of the week was
quoted at 2eh@so. improved to soX, but afterwards
receded to s0,s@Soc 2 b., closing yesterday duh
and nominal. The arrivals continue Of steadily
diminishing character and have been II bales Of
islands and Floridas. and 76o bales OF uplands,
against bales Of sea slands and Floridas, and 77s
bales Of upsnds the week before. and SS bales OF sea
islands and Foridas and 24s7 bales Of Uplands for
the corresponding week last year. The following is
statement Of the cunt Of the transactions in the
article and the prices prevailing in this market du'
ring the week just closed:
On Friday. the 18th, news Of an improvement in
the leading markets caused sellers to put up their
rates, and buyers were generally unable to NEE,
them but one transaction of GOO bales TOOK placA al
prices showing an advance Of u to 1c q ib. Ordi'
nary to good ordinary being quoted at 2sao9. low
middling at 80, middlng at S0, and strict middng
at Sic p b.
On Satu. day the continued stiffness of holders
prevented buyers from operating, and the transac
ions we're confined to IA bales; quotations IN
changed.
On Monday Sellers having in some cases exhibited
less rmness buy srs operated to the amount of SO(
bales, ordinary to good ordinary being quoted at
a2s, lew middling OF 3o middling at SO1s, and sric
middling at Sic.
On Tuesday, factors having submitted to decline
| of a x to ! cent q fb.. about 123 bales changed
hanged hands We quote ordinary to good ordinar!
27@2s, low middling %, midding So and strict mid
ding SOX cents 3 ID.
On Wednesday the day passed withou transactions
There being but few buyers, who were Offering de
cling prices and sellers unwilling TO meet them
| the market closed dull and nominal.
Yesterday the declining prices in the leading
markets caused buyers to withdraw, and there wer
no transactions during the day; quotatiors were
consequently. unsettled, and could not be Teliab.
| stated.