The south-western., 1870-10-12
Commercial Intelligence.
uTH-WEsTERy OFFICE,

SoUTH-W WESTERN OFFICE,
Shreveport, October L, 1870. !
Although we are prone TO regard business as very
dull, vet several of our large dealers inform us tha
they have filed quite number of large bills during
the past week As we yesterday remarked the mum
her of WAGONS on the streets is not nfallbe test
oftbe business of the place in years past fol
now most of the merchandise for the interior is for
warded by mail The retail trade has unquestionaby
been light for this of the year. owing OF course
to the depression in the cotton market Planters know
that they cannot afford to raise cotton for i cents with
the present labor and therefore reluctant to bring
il forward There has been slight huctuatIo1 IN the
price during the week, but 141lc. for low middlng
were the outside figures We conceive there no hope
for reaction SO long Europe is in its present un-
settled state.
Gold has ruled during the week at tll1@ll2, buying
price by the banks and ll3@ll4 selling price.
We make the following extract from letter from
Antelope the New York correspondent of the Plea
yune, under date of the I'd
Awhile ago bankers were disposed to look upon cot
ton bills coldly and to mark them down pretty low
Whereas they find ready sale at SL@SB for
prime and this too, in the face of declining market
at Liverpool.
1t is proper to say however, that this decline is not
looked upon likely to be permanent. True, there
those who talk OF Cd for cotton but there also
those who talk of 1Od, and these represent the
ten penny advocates are believers in peace"
And the whole cotton question hangs on this pivot
peace. If the former is to continue, then 1t IS
pretty generally conceded that cotton at present prices
dear but if peace is TO soon then the staple
Is too low.
Meanwhile we are having sick market here day
spot low middIing being down to l5$I@l5Yc. and fu
ture deliveries to l5LWl5%c.
These risky prices to sell short on, and sellers
feel them So but they will tend, in the end to make
the market stronger for the first real fright these bears
get in the shape of peace bull movement IN the
staple they would rush in to cover, and IN doing so
would run the price up on themselves.
The gold shipment day was but S96,COO but the
market ruled firm higher sterling and the untaVor-
able aspect of the cotton question: for cotton IS gold
and any disaster to cotton makes COLO all the more val
liable.
The receipts of cotton here were heavier yesterday
than for any day of the The price declined,
though scarcely know how to give quotations, the
views of factors were diverse and sales equally
One factor quotes good ordinary at 122l@l3 and low
middling at l316(0l38lc while another qotes as fol-
lows good ordinary l20l21 and low mddling l2$l a.
l3bc We would emark that there is difference
in prices where it is taken out in trade.
coTToH STATEMENT.
stock baud Sept. l. ISTh............. bales 2Ol7
Received Yesterday ....... ........ ..t.... 81
ReceIved previously Observation-Disclosures. 9O2- 9S9
3,0O6
Shipped yesterday OBSERVATION-DISCLOSURES 81
shipped previously ......,............ 931- 1874
Stock on hand. nd...............-......... 2,Ol2