The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-04-24
THE CHARLESTON MARKET.

TFoR THE WEEK ENDING THURSDAY, APRIL "3
COTTON-Tke market for the staple since our
last weekly report has been characterized by much
dullness, with slightly varying prices from day to
day, purchasers not feeling sufficient confidence in
the present value of the article to take hold with
spirit while factors keep firm under light stocks and
steady lessening receipts. The course OF prices at
the leading markets evnce great caution on the part
OF buyers, who evidently stand in dread Of reac-
ton which would bring disaster on operators, and
the staple for some time may be expected TO exhibit
extreme sensitiveness and be affected by every event
that in the most remote degree is calculated to oper
ate on supply and demand. The controlling markets
have shown the following quotations during the
week: The article at Liverpool commencing at 12aid
2 fb. for middEng upland, fell of to 12@l2Sd, i'm
proved to l2L@j127Sd, aud receded to 121s@l2i4d,,
and aga.n advanced to l2I@12'Id. 3 fb. The New
York market during the same time begun at SIG
Sl1.c., declined TO SOS@31c.. stihened to SIG
S1Hc., and fell CT 3lc., and improved to
31@s1lsc. q ft for New York middling, clos
ing yesterday at 3l55qiS2c. q 10. for this quail
~ while the fibre here, wldca opened nominal
at Slc, receded to 30c, and hardened to SO;a@3lc,
but the market has been very inactive, generally
destitute of strength and quotations, quite unrea-
BILE, the article closing drmer yesterday at 3lc. 2 To-
for middling upland.
The receipts at this point show q steady decline
and have been bales of sea islands and Floridas
and 1171 bales of upands for past week. against 26
bales Of sea islands ard Florlas and 3sS1 bales of
uplands for the week before, and 1913 bales Of Sea
islands aud Floridas and 1854 bales upland cotton
for the corresponding week last year.
The amount of sales and the course Of prices In
this market during the past week will be seen by the
following report:
On Friday the 18th inst. the staple was dull and
depressed in consequence Of declining rates at the
leading markets, and while holders were generally
stiff, buyers we're unable to 90 OF, unless at lower
rates. Sales only II bales at prices indicating about
oe,s@SOc q ID. for middings
On Saturday the demand continued light, but
holders had sitter feeling at the close. IN conse-
quence of the receipt of better telesrams, prices
being somewhat unsettled and irregular, and conse-
quently difficult to quote, and We give the following
only as an approximation, say 27@2sisc for ordinary
to good ordinary 29c. for low middlinS SnG30iic.
for middng, and - for strict mddling. there being
no sales OF this quality.
On Monday the early teiegrams caused hrmer
feeling, with some disposition 10 activity, but after
wards, the news having indicated that the foreign
market had assumed decluing tendency, the article
closed dull and inactive sales about 40 bales; Or
binary to good ordinary being quoted at 2i(l29c,
low middling at 3Oc., middling ct S1c, and strict
middling nominal.
On Tuesday business was nearly suspended, there
being butt little demand, or when inquiry existed, it
was based on rates much below the prices of factors
Sales only SO bales; quotations being entirely nom-
nal were omitted.
On Wednesday, sellers having in some instances
softened their rates. better inquiry sprung up and
purchasers took about ESQ bales; ordinary to good
ordinary being quoted at 27@29c, low middiing a.
20 Hc mddling at SO1sc, and strict middling nomi-
na
Yesterday the staple was frmer. under improved
telecrams Sales 400 bales say 90 at 26 II st 274z
at IS 81 at osI, 66 at 2s at 291s, AZ also. 40 al
30lI and 1856 at 91c We quote: