The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-20
Savannah Market.

SAVANNAH. September 16.-CoTToS--At the
close Of last weeks operations the marketwas quieI
and hrm at prices on tasis Of 3lhc for Liverpool
middlipg with tendency, however, towards de-
clne-wh'ch the present weeks operation has fully
reyealed-the cause of which must be looked Tor De-
yond the fixed relations oil demand and supply.
On Friday the market closed quiet. sellers yield.
ing to the views Of buyers. and prices exhibiting
o marked decline. Sales were efectfd at 3O3sc 1or
middling Saturdays operations were Limited 10
small lots and The market closed with still iurtner
decline of &c on all grades. Monday buyers and
sellers came to dead lock, one or two buyers en-
tering the market towards its close and enecnno
sales Of heavy lots at still iurtaer aeeHne ., MIC
ing. and holders began to realize the new
table tendency, meeting the views OF buyers
and good days transaction was the consequence;
middling 2Sc Wednesday purchasers were Freely
ort, the market still declining. with disposition en-
the part OF holders 10 make still further CONCESSIONS
sales were made on o basis OF 27c for middling. At
the close OF the weeks operations tnls evening, t9e
market exhibited 10 signs Of recovery and was nc,
tive at Wednesdays quotations Sales OF about SOo
bales were effected, on foreign account entering
largely in the operations, leaving the market almost
bare Of offering s'ock.
=, can attribute this extraordinary fall in the price
OF the staple, amounting during the week 70 Genus
per pound TO several reasons, none OF wnicn are,
however satisfactory the planter whose hopes nave
been centered on continued high prices for soiLe
time to come The first reason which na! !uraiiy sua
gests itself s the scarcity OF currency-there oelnS
weeks past-which, durirg the past week, amoun'ed
to an absolute stringency. The second reason ma!
be found in the fact the number Of sales Tor future
delivery, at prices fom four to SIX cents oWeI tnan
the prices ruling at the date OF the transactions;
and thirdly, the scarcity Of 'reights by steam
for Northern and foreign ports. hat tne re-
ceipts at this port have been largely IN excess VI
those Of the same time last year, only proVee
that the season is more advanced and that pauter'
are disposed to move their cotton On nusn maiBe'
Reports frtm the interior indicative Of q much
smaller crop than has generally ueen counted on l.
Is said that not sony has lust destroyed consoeT'
abe portion of the plants in mlny localities, but the
severe Drought has prevented the formation O. the
later bcls and there Is now literally no top crop,
cotton that with more favorable seasons %ou -,
weather that has prevented this later growth mas
buried the maturity of the earlier cotton and
plsn have taken advantage OF ana OF tne nisn
price to get all the cotton they could TO market
The receipts have continued steadily to increase
and foot up 52i5 bales since the 1st OF Septeaser
= Se rscelpts at this port since September 9, the
date of our last weekly report, have been sot Drs
upland and 20 bales sea island OF wnieh oses
upland were received nr Central hnIroao, sso'
hales uoland and IL ba $ sea island per A. ano ".
Railrosd. 2s5 bales uplands from landings on ine
Savannah River, bales sea islands per Florioa
steamers and IL bales uplands by Wagon. Inc e1'
ports for the same time have been b741 bales upanu,
pf which I57l bales were shpped 10 New fork, 6lo
bales 10 Philadelphia and 663 bales to BALTIMORE
NaGhyElic Market.
NASHVILLE. September 15-corToN tran
sections to day included one oate receNeo' 'n'ee
soid At 27s27K. and the shipments OF Eve.
COTTON STATEMENT.
Stock on hand september /, 1862. None'
Received to-day. ....'.'...'.''''''''''"o % 90
Received previously. ..........'..'..'.''''S %
Total. .............'''''''
Shipped to-day. .........'.''''''o no
Shipped previously ................ .' 20 80
FIoUH.NWe continue to report 0 stroug and ac'
tive market without any change in quotations,
which are as follows: Super IS 25as6: single extra
fancy So bOaS 75 Shipments to-day Of $40 bbls.
WzEAr-The receipts to-day amounted TO 6S12
bushels, with shipments of 500 bushels amber at
81 80, delivered In depot. n.
and 500 at 81 22H, delivered in depot. We quote
the bu,ing price from wagons at 81 10 for yellow